Apple Hospitality REIT (APLE) Tops Q3 FFO by 1c
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Apple Hospitality REIT, Inc. Reports Results of Operations for Third Quarter 2016
November 7, 2016 4:31 PM ESTRICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the Company or Apple Hospitality) today announced results of operations for the third quarter of 2016.
ÂSelected Statistical and Financial Data
As of and For the Three and Nine Months Ended September 30
(Unaudited) (in thousands, except statistical and per share amounts)(1)
    Three Months Ended    Nine Months Ended September 30, September 30, 2016    2015    % Change 2016    2015    % Change  Net income $  13,694 $  46,968 (70.8%) $  103,098 $  135,080 (23.7%) Net income per share $ 0.07 $ 0.27 (74.1%) $ 0.57 $ 0.74 (23.0%)  Adjusted EBITDA $ 104,084 $ 90,563 14.9% $ 283,208 $ 251,772 12.5% Comparable Hotels Adjusted Hotel EBITDA $ 125,692 $ 126,295 (0.5%) $ 371,271 $ 357,070 4.0% Comparable Hotels Adjusted Hotel EBITDA Margin 38.6% 40.0%... More