Plymouth Industrial REIT Reports First Quarter Results

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Go back to Plymouth Industrial REIT Reports First Quarter Results

Plymouth Industrial REIT (PLYM) Misses Q1 EPS by 10c, Revenues Beat

May 8, 2020 6:36 AM EDT

Plymouth Industrial REIT (NYSE: PLYM) reported Q1 EPS of ($0.53), $0.10 worse than the analyst estimate of ($0.43). Revenue for the quarter came in at $26.23 million versus the consensus estimate of $18.25 million.

First Quarter and Subsequent Highlights

Reported results for the first quarter of 2020 reflect a net loss attributable to common stockholders of $4.0 million, or $(0.53) per weighted average common share; net operating income (NOI) of $17.2 million; Funds from Operations attributable to common stockholders and unit holders (FFO) of $0.53 per weighted average common share and units; and Adjusted FFO (AFFO) of $0.45 per weighted average common share and... More