Apple Hospitality REIT (APLE) Reports Q2 MFFO of $0.52
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/25/2024
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steadies as US fuel demand concerns face Middle East supply risks
- Dollar sags after US GDP and inflation surprise, except against yen
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Apple Hospitality REIT, Inc. Reports Results of Operations for Second Quarter 2016
August 8, 2016 4:15 PM EDTRICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the Company or Apple Hospitality) today announced results of operations for the second quarter of 2016.
Justin Knight, President and Chief Executive Officer, commented, We are pleased with our second quarter results including Comparable Hotels RevPAR growth of 5.1 percent, Adjusted EBITDA growth of 11.6 percent and an increase in Comparable Hotels Adjusted Hotel EBITDA Margin of 90 basis points. We remain excited by the financial and strategic merits of the potential merger with Apple REIT Ten, which we anticipate to close in early September assuming shareholder vote... More
