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February 14, 2016 1:29 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of Apple REIT Ten, Inc

Company Overview

814 East Main Street

Richmond, VA 23219

United States

Founded in 2010

Phone:

804-344-8121

Key Executives for Apple REIT Ten, Inc

Chairman, Chief Executive Officer, and Chairman of Executive Committee
Age: 71
President
Age: 42
Executive Vice President and Chief Financial Officer
Age: 50
Executive Vice President and Chief Operating Officer
Age: 42
President of Capital Markets
Age: 52
Compensation as of Fiscal Year 2015.

Apple REIT Ten, Inc Key Developments

Apple REIT Ten, Inc Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Apple REIT Ten Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported total revenue of $69,280,000 compared with $56,791,000 for the same period last year. Net income was $14,463,000 or $0.16 per share compared with $13,511,000 or $0.15 per share for the same period last year. Funds from operations was $23,442,000 or $0.26 per share compared with $20,737,000 or $0.23 per share for the same period last year. Modified funds from operations (MFFO) for Apple REIT Ten for the third quarter of this year totaled $23.5 million, or approximately $0.26 per share. MFFO for the same period of 2014 totaled $20.8 million or approximately $0.23 per share. For the nine months, the company reported total revenue of $199,734,000 compared with $166,585,000 for the same period last year. Net income was $39,239,000 or $0.43 per share compared with $37,768,000 or $0.45 per share for the same period last year. Funds from operations was $65,395,000 or $0.72 per share compared with $59,005,000 or $0.70 per share for the same period last year. Modified funds from operations was $67,631,000 or $0.75 per share compared with $60,059,000 or $0.71 per share for the same period last year.

Apple REIT Ten, Inc. Announces Unaudited Earnings Results for the Three Months and Six Months Ended June 30, 2015

Apple REIT Ten Inc. announced unaudited earnings results for the second months and six months ended June 30, 2015. For the quarter, the company reported total revenue of $70,057,000 compared to $59,330,000 a year ago. Net income was $15,446,000 or $0.17 per share compared to $14,849,000 or 0.18 per share a year ago. Funds from operations were $24,234,000 or 0.27 per share compared to $21,891,000 or 0.26 per share a year ago. Modified funds from operations were $24,876,000 or 0.28 per share compared to $21,924,000 or 0.26 per share a year ago. For the six months, the company reported total revenue of $130,454,000 compared to $109,794,000 a year ago. Net income was $24,776,000 or $0.27 per share compared to $24,257,000 or 0.30 per share a year ago. Funds from operations were $41,953,000 or 0.46 per share compared to $38,268,000 or 0.47 per share a year ago. Modified funds from operations were $44,175,000 or 0.49 per share compared to $39,309,000 or 0.48 per share a year ago.

Apple REIT Ten Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Apple REIT Ten Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $60,397,000 compared with $50,464,000 for the same period last year. Net income was $9,330,000 or $0.10 per share compared with $9,408,000 $0.12 per share for the same period last year. Funds from operations was $17,719,000 or $0.20 per share compared with $16,377,000 $0.20 per share for the same period last year. Modified funds from operations was $19,299,000 or $0.21 per share compared with $17,385,000 $0.22 per share for the same period last year.

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