Apple Hospitality REIT: Q3 Earnings Snapshot

RICHMOND Va AP RICHMOND Va AP Apple Hospitality REIT Inc APLE on Monday shared a key measure of profitability in its third quarter The Richmond Virginia-based real estate funding trust announced it had funds from operations of million or cents per share in the period Funds from operations is a closely watched measure in the REIT industry It takes net income and adds back items such as depreciation and amortization The company commented it had net income of million or cents per share The hotel-owning real estate outlay trust posted revenue of million in the period The company s shares have declined since the beginning of the year In the final minutes of trading on Monday shares hit a fall of in the last months This story was generated by Automated Insights http automatedinsights com ap using facts from Zacks Resources Research Access a Zacks stock description on APLE at https www zacks com ap APLE Source