Apple Hospitality REIT Q3 Modified Funds From Operations Flat, Revenue Rises

MT Newswires Live11-05

Apple Hospitality REIT (APLE) reported late Monday Q3 modified funds from operations of $0.45 per share, unchanged from a year earlier.

Revenue for the quarter ended Sept. 30 was $378.8 million, up from $358.3 million a year earlier.

Analysts polled by Capital IQ expected $379.6 million.

The company now expects 2024 net income to range from $204 million to $221 million, compared with previous guidance of $202 million to $225 million.

Price: 14.62, Change: -0.11, Percent Change: -0.75

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