Apple Hospitality REIT, Inc. (APLE) vs Pebblebrook Hotel Trust (PEB)

Apple Hospitality REIT, Inc. and Pebblebrook Hotel Trust are both Reit Hotel & Motel companies. Apple Hospitality REIT, Inc. is the larger, with a market value of $4.0B against $2.2B — 1.8× the size. Pebblebrook Hotel Trust has negative trailing earnings, so its P/E is not meaningful; Apple Hospitality REIT, Inc. trades at 23.0×. Pebblebrook Hotel Trust grew revenue faster over the last twelve months: 2.08% against 1.17%. Apple Hospitality REIT, Inc. has the higher net margin (12.2% vs −5.24%) and the higher return on invested capital (3.40% vs 0.92%). Both pay a dividend; Apple Hospitality REIT, Inc. yields more (5.63% vs 0.21%). Across the 21 metrics below, Apple Hospitality REIT, Inc. leads on 11 and Pebblebrook Hotel Trust on 10.

Valuation

Metric APLE PEB Reit Hotel & Motel median
P/E 23.04 n/m 26.14
P/S 2.79 1.46 1.47
P/B 1.28 0.87 1.05
Price to free cash flow 14.47 6.75 7.55
EV/EBITDA 15.72 14.93 12.25
EV/Sales 4.95 2.93 2.83
Earnings yield 4.34% (3.49%) (0.37%)
Free cash flow yield 6.91% 14.82% 7.02%

Profitability

Metric APLE PEB Reit Hotel & Motel median
Gross margin 60.06% 25.34% 37.37%
Operating margin 17.93% 4.26% 9.53%
Net margin 12.17% (5.24%) (0.66%)
Free cash flow margin 19.32% 21.70% 17.01%
Return on equity 5.53% (3.00%) 0.53%
Return on assets 3.58% (1.44%) (0.26%)
Return on invested capital 3.40% 0.92% 2.16%

Growth

Metric APLE PEB Reit Hotel & Motel median
Revenue growth (TTM) 1.17% 2.08% 1.17%
EPS growth (last fiscal year) (16.85%) (130.77%) (16.85%)
Revenue growth, 5-year CAGR 18.60% 27.21% 24.43%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric APLE PEB Reit Hotel & Motel median
Debt to equity 0.51 0.83 0.83
Current ratio 0.73 1.34 1.34
Net debt to EBITDA 3.64 6.79 5.14

Dividend

Metric APLE PEB Reit Hotel & Motel median
Dividend yield 5.63% 0.21% 3.15%
Payout ratio 1.30 — 1.24

Size

Metric APLE PEB Reit Hotel & Motel median
Market cap 3.98b 2.18b 1.78b

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