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FINWIRES

Apple Hospitality REIT Q1 Modified FFO, Revenue Rise

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Apple Hospitality REIT (APLE) reported Q1 modified funds from operations late Monday of $0.34 per diluted share, up from $0.33 a year earlier.

Analysts polled by FactSet expected $0.31.

Revenue in the three months ended March 31 rose to $337.7 million from $327.7 million a year earlier.

Analysts expected $327.8 million.

Apple Hospitality shares rose 2% in after-hours trading.

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