Plymouth Industrial REIT Reports Third Quarter Results

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Plymouth Industrial REIT (PLYM) Tops Q3 EPS by 5c, Revenues Beat

November 6, 2020 6:37 AM EST

Plymouth Industrial REIT (NYSE: PLYM) reported Q3 EPS of ($0.36), $0.05 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $27.52 million versus the consensus estimate of $26.02 million.

Third Quarter and Subsequent Highlights

Reported results for the third quarter of 2020 reflect a net loss attributable to common stockholders of $7.1 million, or $(0.36) per weighted average common share; net operating income (NOI) of $17.5 million; Funds from Operations attributable to common stockholders and unit holders (FFO) of $0.42 per weighted average common share and units; and Adjusted FFO (AFFO) of $0.38 per weighted average common share and... More