What is Apple Hospitality REIT, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Apple Hospitality REIT, Inc.'s reported free cash flow gives $33.14 per share. The share price was $19.73 on November 10, 2026, 40% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $17.77 | -10% |
| Base | 15.0% | 9.0% | $33.14 | +68% |
| Bull | 20.0% | 8.0% | $61.78 | +213% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $44.79 | $48.42 | $52.85 | $58.40 | $65.53 |
| 8.0% | $36.04 | $38.39 | $41.18 | $44.52 | $48.60 |
| 9.0% | $29.68 | $31.29 | $33.14 | $35.31 | $37.87 |
| 10.0% | $24.85 | $26.00 | $27.29 | $28.78 | $30.49 |
| 11.0% | $21.08 | $21.92 | $22.85 | $23.91 | $25.11 |
Where the presets come from
Base: years 1 to 5 grow at Apple Hospitality REIT, Inc.'s revenue growth rate over the last 5 fiscal years (18.6% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions