Apple Hospitality REIT (APLE) Q1 FFO Meet Estimates

Apple Hospitality REIT (APLE) came out with quarterly funds from operations (FFO) of $0.34 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.34 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 $0.31 per share when it actually produced FFO of $0.31, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus FFO ...