Apple Hospitality FFO of $0.45 in-line, revenue of $378.84M misses by $0.8M

seekingalpha
05 Nov 2024
  • Apple Hospitality press release (NYSE:APLE): Q3 FFO of $0.45 in-line.
  • Revenue of $378.84M (+5.7% Y/Y) misses by $0.8M.
  • Updated 2024 Guidance(1)

    Low-End

    High-End

    Net income

    $204 Million

    $221 Million

    Comparable Hotels RevPAR Change

    0.75%

    2.00%

    Comparable Hotels Adjusted Hotel EBITDA Margin %

    35.3%

    35.9%

    Adjusted EBITDAre

    $458 Million

    $469 Million

    Capital expenditures

    $75 Million

    $85 Million

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