Apple Hospitality REIT (APLE) Misses Q1 EPS by 1c

Apple Hospitality REIT Reports Results of Operations for First Quarter 2018

May 7, 2018 4:20 PM EDT

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 2018.

      Selected Statistical and Financial Data As of and For the Three Months Ended March 31

(Unaudited) (in thousands, except statistical and per share amounts)(1)

    Three Months Ended March 31, 2018 2017 % Change   Net income $ 42,182 $ 34,365 22.7 % Net income per share $ 0.18 $ 0.15 20.0 %   Adjusted EBITDA $ 100,214 $ 99,078 1.1 % Comparable Hotels Adjusted Hotel EBITDA $... More