Extended Stay America (STAY) Tops Q1 EPS by 3c
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Extended Stay America Announces First Quarter 2017 Results
April 27, 2017 6:35 AM EDT-Net Income increases 8.9% to $16.1 million
-Adjusted EBITDA1 grows 5.5% to $129.6 million
-Increases Quarterly Distribution by 10.5% to $0.21 per Paired Share
-Increases 2017 Outlook for RevPAR and Adjusted EBITDA
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Extended Stay America, Inc. (NYSE: STAY) (the Company) today announced consolidated results for the quarter ended March 31, 2017.
First Quarter 2017 Highlights
Revenue Per Available Room (RevPAR) grew 2.1% to $45.76 Net Income increased 8.9% to $16.1 million Adjusted EBITDA... More