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Apple Hospitality REIT Reports Results of Operations for Second Quarter 2018

August 6, 2018 4:15 PM EDT

RICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the Company or Apple Hospitality) today announced results of operations for the second quarter of 2018.

        Selected Statistical and Financial Data As of and For the Three and Six Months Ended June 30

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

  Three Months EndedJune 30, Six Months EndedJune 30, 2018     2017     % Change 2018     2017     % Change   Net income $ 67,630 $ 87,606 (22.8 %) $ 109,812 $ 121,971 (10.0 %) Net income per share $ 0.29 $ 0.39 (25.6 %) $ 0.48 $ 0.55 (12.7 %)   Adjusted EBITDA $ 130,915 $ 125,987 3.9 % $ 231,129 $ 225,065 2.7... More