Plymouth Industrial: Q4 Earnings Snapshot
Plymouth Industrial REIT, Inc. (PLYM) on Thursday reported a key measure of profitability in its fourth quarter. The results did not meet Wall Street expectations. The Boston-based real estate investment trust said it had funds from operations of $19.1 million, or 44 cents per share, in the period. The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 45 cents per share
By AP News
Published - Feb 23, 2023, 07:54 AM ET
Last Updated - Apr 30, 2024, 11:54 AM EDT
BOSTON (AP) — BOSTON (AP) — Plymouth Industrial REIT, Inc. (PLYM) on Thursday reported a key measure of profitability in its fourth quarter. The results did not meet Wall Street expectations.
The Boston-based real estate investment trust said it had funds from operations of $19.1 million, or 44 cents per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 45 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
