Apple Hospitality REIT, Inc. (APLE) vs Phillips Edison & Co. (PECO)
A side-by-side comparison of Apple Hospitality REIT, Inc. and Phillips Edison & Co. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — APLE vs PECO
growth of $100 · dividends reinvested · last 6yAPLE vs PECO: by the numbers
- •PECO is the larger company ($4.82B vs $3.85B market cap).
- •PECO converts more revenue to profit (19.13% vs 12.17% net margin).
- •APLE grew revenue faster over the past five years (15.90% vs 8.01% CAGR).
- •APLE pays the higher dividend yield (5.88% vs 3.48%).
Metrics side by side
Valuation
| Metric | APLE | PECO |
|---|---|---|
| P/E ratio | 22.07 | 32.64 |
| Forward P/E | 22.89 | 43.63 |
| PEG ratio | N/A | 0.42 |
| P/S ratio | 2.68 | 6.42 |
| P/B ratio | 1.23 | 2.03 |
| EV / EBITDA | 8.81 | 15.41 |
| FCF yield | N/A | 4.93% |
For REITs like Apple Hospitality REIT, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Phillips Edison & Co., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | APLE | PECO |
|---|---|---|
| Gross margin | 6.38% | -1.39% |
| Operating margin | 17.57% | 29.03% |
| Net margin | 12.17% | 19.13% |
| ROE | 5.58% | 6.05% |
| ROIC | 5.17% | 4.14% |
Dividends
| Metric | APLE | PECO |
|---|---|---|
| Dividend yield | 5.88% | 3.48% |
| Payout ratio | 129.73% | 113.59% |
Apple Hospitality REIT, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Phillips Edison & Co.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | APLE | PECO |
|---|---|---|
| Revenue CAGR (5Y) | 15.90% | 8.01% |
| EPS CAGR (5Y) | N/A | 78.78% |
| FCF CAGR (5Y) | N/A | 5.16% |
| Total return CAGR (5Y) | 7.08% | 7.30% |
Frequently asked
- Which has grown faster, APLE or PECO?
- Over the past five years, APLE grew revenue faster — APLE at a 15.90% CAGR versus PECO at 8.01%.
- Does APLE or PECO pay a bigger dividend?
- APLE yields 5.88% and PECO yields 3.48% based on trailing dividends and the latest price.
- Is APLE or PECO more profitable?
- PECO runs the higher net margin — APLE at 12.17% versus PECO at 19.13%.
- How have APLE and PECO total returns compared?
- Over the past 5 years, APLE delivered 7.08% and PECO delivered 7.30% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Apple Hospitality REIT & Phillips Edison appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.