Plymouth Industrial REIT Reports Second Quarter Results

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Go back to Plymouth Industrial REIT Reports Second Quarter Results

Plymouth Industrial REIT (PLYM) Reports Q2 Loss of $0.88, Revenues Beat; Offers FY19 Revenue Guidance Above Consensus

August 8, 2019 6:41 AM EDT

Plymouth Industrial REIT (NYSE: PLYM) reported Q2 EPS of ($0.88), versus ($2.27) reported last year. Revenue for the quarter came in at $17.02 million versus the consensus estimate of $15.2 million.

Second Quarter and Subsequent Highlights

Reported results for the second quarter of 2019 reflect a net loss attributable to common stockholders of $6.0 million, or $(0.88) per weighted average common share; net operating income (NOI) of $11.0 million; Funds from Operations attributable to common stockholders and unit holders (FFO) of $0.50 per weighted average common share and units; and Adjusted FFO (AFFO) of $0.43 per weighted average common share and units. FFO and... More