Plymouth Industrial REIT Reports Third Quarter Results

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Go back to Plymouth Industrial REIT Reports Third Quarter Results

Plymouth Industrial REIT (PLYM) Reports Q3 Loss of $0.68, Revenues Beat

November 7, 2019 6:38 AM EST

Plymouth Industrial REIT (NYSE: PLYM) reported Q3 EPS of ($0.68), versus ($1.22) reported last year. Revenue for the quarter came in at $19.12 million versus the consensus estimate of $15.2 million.

Third Quarter and Subsequent Highlights

Reported results for the third quarter of 2019 reflect a net loss attributable to common stockholders of $6.2 million, or $(0.68) per weighted average common share; net operating income (NOI) of $12.2 million; Funds from Operations attributable to common stockholders and unit holders (FFO) of $0.47 per weighted average common share and units; and Adjusted FFO (AFFO) of $0.40 per weighted average common share and units. FFO and... More