Apple Hospitality REIT (APLE) Reports Q4 Loss of $0.01/sh

Apple Hospitality REIT (NYSE: APLE) reported Q4 FFO of ($0.01), versus $0.32 reported last year. Revenue for the quarter came in at $133.97 million versus the consensus estimate of $145.27 million.

2021 Outlook:

In light of uncertainties related to the ongoing COVID-19 pandemic, the Company does not expect to issue 2021 operational guidance until it has greater visibility into more predictable operating fundamentals and trends. The Company is providing the following guidance on certain corporate expenses, which is based on management’s current view and does not take into account any unanticipated developments in its business or changes in its operating environment:

• General and administrative expenses are projected to be approximately $28 million to $32 million.
• Interest expense is projected to be approximately $75 million to $80 million.
• Capital expenditures are projected to be approximately $25 million to $30 million.

For earnings history and earnings-related data on Apple Hospitality REIT (APLE) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• zSpace, Inc. (ZSPC) Reports Q2 results
• Laird Superfood, Inc. (LSF) Misses Q2 EPS by 22c ; Offers Guidance