Apple Hospitality REIT (APLE) Q3 FFO Match Estimates

Apple Hospitality REIT (APLE) came out with quarterly funds from operations (FFO) of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to FFO of$0.45 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this hotel-owning real estate investment trust would post FFO of $0.44 per share when it actually produced FFO of$0.50, delivering a surprise of 13.64%.Over the last four quarters, the company has surpassed consensus FFO estima ...