APLE vs SHO: Apple Hospitality REIT and Sunstone Hotel Investors compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Apple Hospitality REIT is the larger company, worth $3.9B, about 1.8 times Sunstone Hotel Investors.
- Sunstone Hotel Investors grew revenue faster over the last year (+6.7% vs +4.7%).
- On earnings, Apple Hospitality REIT is the cheaper stock (22.7x vs 107.5x).
- Sunstone Hotel Investors's price assumes faster free cash flow growth: about 9% a year, against 0% for Apple Hospitality REIT (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | APLE | SHO |
|---|---|---|
| Market cap | $3.9B | $2.2B |
| Share price | $16.31 | $11.31 |
| Revenue (last fiscal year) | $1.4B | $960M |
| Free cash flow (last fiscal year) | $283M | $79M |
| Revenue growth, last year | +4.7% | +6.7% |
| Revenue growth per year, last 5 fiscal years | +10.9% | +17.2% |
| Operating margin | 17.9% | — |
| Net margin | 12.2% | 5.3% |
| Return on equity | 5.6% | 2.8% |
| P/E (trailing) | 22.7x | 107.5x |
| Price / free cash flow | 13.8x | 28.0x |
| EV / EBITDA | 15.1x | 13.7x |
| FCF growth the price implies | 0.17% | 9.4% |
| Dividend yield | 5.9% | 3.1% |
| Debt / equity | 0.55x | 0.61x |
| Fundamental grade | C | D |
| Superinvestors holding it | 2 | 1 |
| Insider purchases, last 12 months | 3 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Apple Hospitality REIT
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $934M | $199M | 9.3% |
| 2022 | $1.2B | $309M | 16.7% |
| 2023 | $1.3B | $327M | 18.4% |
| 2024 | $1.4B | $325M | 20.5% |
| 2025 | $1.4B | $283M | 18.3% |
Sunstone Hotel Investors
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $509M | -$35M | — |
| 2022 | $912M | $81M | — |
| 2023 | $986M | $88M | — |
| 2024 | $906M | $13M | — |
| 2025 | $960M | $79M | — |
Where the revenue comes from
Apple Hospitality REIT · by products, 2025
Room$1.3B91%
Other$68M5%
Food and Beverage$66M5%
Sunstone Hotel Investors · by products, 2025
Room$583M61%
Food and beverage$279M29%
Other operating$99M10%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open APLE in InvestinglyQuestions
Which is bigger, Apple Hospitality REIT or Sunstone Hotel Investors?
Apple Hospitality REIT (APLE), at $3.9B against $2.2B.
Is APLE or SHO cheaper?
By trailing P/E, Apple Hospitality REIT (22.7x) is cheaper than Sunstone Hotel Investors (107.5x). A lower multiple can also mean the market expects less growth.
Which grows faster, APLE or SHO?
Sunstone Hotel Investors: revenue grew +6.7% over the last year, against +4.7%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.