Apple Hospitality REIT (APLE) Misses Q3 FFO by 2c
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Apple Hospitality REIT Reports Results of Operations for Third Quarter 2018
November 5, 2018 4:15 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 2018.
Selected 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, 2018 2017 % Change 2018 2017 % Change Net income $ 62,122 $ 62,824 (1.1%) $ 171,934 $ 184,795 (7.0%) Net income per share $ 0.27 $ 0.28 (3.6%) $ 0.75 $ 0.83 (9.6%) Adjusted EBITDA $ 122,552 $ 120,400 1.8% $ 353,681 $ 345,465 2.4% Comparable Hotels Adjusted Hotel EBITDA... More