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) Misses Q2 EPS by 1c, Revenues Beat

August 6, 2020 8:21 AM EDT

Plymouth Industrial REIT (NYSE: PLYM) reported Q2 EPS of ($0.49), $0.01 worse than the analyst estimate of ($0.48). Revenue for the quarter came in at $26.14 million versus the consensus estimate of $23.75 million.

Second Quarter and Subsequent Highlights

Reported results for the second quarter of 2020 reflect a net loss attributable to common stockholders of $7.2 million, or $(0.49) per weighted average common share; net operating income (NOI) of $17.1 million; Funds from Operations attributable to common stockholders and unit holders (FFO) of $0.51 per weighted average common share and units; and Adjusted FFO (AFFO) of $0.45 per weighted average common share and... More