Apple Hospitality Reit, Inc.

These are single quarters, not a trailing year — the figures elsewhere on this site cover twelve months and will be much larger. A seasonal business swings a long way between the two: ServiceNow earns $2.0B of free cash flow in its December quarter and $0.5B in its June one.

Compared against the same quarter a year earlier, not against an analyst forecast. A “beat” or “miss” needs a consensus estimate, which is licensed data we do not carry — and getting it wrong is worse than leaving it out.

What management said

“Momentum continued to build during the third quarter, with broad-based demand from both business and leisure travelers driving Comparable Hotels RevPAR growth of more than 7% as compared to the same period last year. Our asset management and property teams leveraged our efficient operating model to convert top-line gains into approximately 210 basis points of Comparable Hotels Adjusted Hotel EBITDA Margin expansion and an increase in Adjusted EBITDAre of more than 13%. Preliminary results for the month of October indicate Comparable Hotels RevPAR growth of approximately 10%, reflecting strength well beyond the easier comparison to last year’s government shutdown. “We are managing our portfolio and balance sheet to position the Company for continued outperformance,”

Quoted verbatim from the release, and shown only when the filing attributes it to a named person.

How the share price reacted

Releases land before the open or after the close, so the window runs from the close before the report day to the close of the session after it — the reaction is inside it either way.

What Apple Hospitality Reit, Inc. does

Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (“REIT”) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality’s portfolio consists of 216 hotels with approximately 29,500 guest rooms located in 83 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company’s hotel portfolio consists of 114 Hilton-branded hotels, 96 Marriott-branded hotels, five Hyatt-branded hotels and one independent hotel.

The company’s own description, as it appears at the foot of the release.