Apple Hospitality REIT Q3 2023 MFFO $0.45 Same As $0.45 YoY, Revenue $358.260M Beats $352.827M Estimate
Portfolio Pulse from Benzinga Newsdesk
Apple Hospitality REIT reported Q3 2023 MFFO of $0.45, the same as the previous year. However, the company's revenue of $358.260M surpassed the estimate of $352.827M.
November 07, 2023 | 9:43 pm
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POSITIVE IMPACT
Apple Hospitality REIT's Q3 2023 earnings report shows steady MFFO and higher than expected revenue.
Apple Hospitality REIT's steady MFFO indicates stable operational efficiency. The higher than expected revenue could be a positive signal to investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100