Investing.com - Apple Hospitality REIT reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Apple Hospitality REIT announced earnings per share of $0.45 on revenue of $341.2M. Analysts polled by Investing.com anticipated EPS of $0.33 on revenue of $329.89M.
Apple Hospitality REIT shares are up 6% from the beginning of the year , still down 13.32% from its 52 week high of $18.69 set on Wednesday, April 20, 2022.
Apple Hospitality REIT shares gained 2.35% in after-hours trade the report.
Apple Hospitality REIT follows other major Real Estate sector earnings this month
Apple Hospitality REIT's report follows an earnings beat by Prologis on Wednesday, October 19, 2022, who reported EPS of $1.36 on revenue of $1.15B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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