What To Expect From Apple Hospitality's (APLE) Q3 Earnings?
Zacks Investment Research | Oct 30, 2019 08:11AM ET
Apple (NASDAQ:AAPL) Hospitality REIT, Inc. (NYSE:APLE) is slated to report third-quarter 2019 results after market close on Nov 4. The company’s revenues and funds from operations (FFO) per share are expected to display year-over-year (y/y) declines.
In the last reported quarter, this lodging real estate investment trust (REIT) reported modified FFO (MFFO) per share of 49 cents, in line with the Zacks Consensus Estimate. Results reflected y/y increase in revenue per available room (RevPAR). However, a decline in occupancy at its properties was a spoilsport.
The company delivered an average positive surprise of 1.63%, in the last four quarters, surpassing estimates twice, missing on one occasion and meeting in the other. The graph below depicts this surprise history:
Apple Hospitality REIT, Inc. Price and EPS Surprise
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