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 $3.8B against $2.1B — 1.8× the size. Pebblebrook Hotel Trust has negative trailing earnings, so its P/E is not meaningful; Apple Hospitality REIT, Inc. trades at 21.9×. 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 (6.40% vs 0.26%). 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 21.88 n/m 25.03
P/S 2.65 1.38 1.53
P/B 1.22 0.83 1.05
Price to free cash flow 13.74 6.38 7.25
EV/EBITDA 15.27 13.34 11.74
EV/Sales 4.81 2.62 2.64
Earnings yield 4.57% (3.69%) (0.39%)
Free cash flow yield 7.28% 15.68% 7.53%

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%) —
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 6.40% 0.26% 3.10%
Payout ratio 1.30 — 0.48

Size

Metric APLE PEB Reit Hotel & Motel median
Market cap 3.80b 2.10b 1.70b

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