Apple Hospitality REIT (APLE) Tops Q1 EPS by 2c

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Go back to Apple Hospitality REIT (APLE) Tops Q1 EPS by 2c

Apple Hospitality REIT, Inc. Reports Results of Operations for First Quarter 2016

May 5, 2016 4:14 PM EDT

First Quarter Comparable Hotels RevPAR increased 4.0%; First Quarter Adjusted EBITDA increased 10.6%;

First Quarter Modified Funds from Operations per share increased 17.6%

RICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the Company or Apple Hospitality) today announced results of operations for the first quarter of 2016.

Justin Knight, President and Chief Executive Officer, commented, We are pleased with our Companys performance in the first quarter. Our highly diversified portfolio of upscale hotels produced solid Comparable Hotels RevPAR growth of 4.0 percent and Adjusted EBITDA growth of... More