Apple Hospitality REIT, Inc. (APLE) vs Sunstone Hotel Investors, Inc. (SHO)
A side-by-side comparison of Apple Hospitality REIT, Inc. and Sunstone Hotel Investors, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — APLE vs SHO
growth of $100 · dividends reinvested · last 10yAPLE vs SHO: by the numbers
- •APLE is the larger company ($3.73B vs $2.07B market cap).
- •APLE converts more revenue to profit (12.17% vs 5.30% net margin).
- •SHO grew revenue faster over the past five years (33.78% vs 15.90% CAGR).
- •APLE pays the higher dividend yield (6.17% vs 3.28%).
Metrics side by side
Valuation
| Metric | APLE | SHO |
|---|---|---|
| P/E ratio | 21.32 | 45.03 |
| Forward P/E | 22.14 | 37.40 |
| P/S ratio | 2.59 | 2.06 |
| P/B ratio | 1.19 | 1.10 |
| EV / EBITDA | 8.53 | 12.99 |
| FCF yield | 6.79% | 5.60% |
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 Sunstone Hotel Investors, 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.
Profitability
| Metric | APLE | SHO |
|---|---|---|
| Gross margin | 6.38% | 4.75% |
| Operating margin | 17.57% | 9.03% |
| Net margin | 12.17% | 5.30% |
| ROE | 5.58% | 2.82% |
| ROIC | 5.17% | 2.97% |
Dividends
| Metric | APLE | SHO |
|---|---|---|
| Dividend yield | 6.17% | 3.28% |
| Payout ratio | 129.73% | 146.16% |
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.
Sunstone Hotel Investors, 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.
Growth (annualized)
| Metric | APLE | SHO |
|---|---|---|
| Revenue CAGR (5Y) | 15.90% | 33.78% |
| FCF CAGR (5Y) | 47.12% | N/A |
| Total return CAGR (5Y) | 7.83% | 1.06% |
Frequently asked
- Which has grown faster, APLE or SHO?
- Over the past five years, SHO grew revenue faster — APLE at a 15.90% CAGR versus SHO at 33.78%.
- Does APLE or SHO pay a bigger dividend?
- APLE yields 6.17% and SHO yields 3.28% based on trailing dividends and the latest price.
- Is APLE or SHO more profitable?
- APLE runs the higher net margin — APLE at 12.17% versus SHO at 5.30%.
- How have APLE and SHO total returns compared?
- Over the past 10 years, APLE delivered 3.99% and SHO delivered 1.62% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Apple Hospitality REIT & Sunstone Hotel Investors 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 September 13, 2026.