Plymouth Industrial: Q1 Earnings Snapshot
Plymouth Industrial REIT, Inc. (PLYM) on Thursday reported a key measure of profitability in its first quarter. The results matched Wall Street expectations. The Boston-based real estate investment trust said it had funds from operations of $19.6 million, or 45 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 45 cents per share
By AP News
Published - May 04, 2023, 07:15 AM ET
Last Updated - May 02, 2024, 12:29 PM EDT
BOSTON (AP) — BOSTON (AP) — Plymouth Industrial REIT, Inc. (PLYM) on Thursday reported a key measure of profitability in its first quarter. The results matched Wall Street expectations.
The Boston-based real estate investment trust said it had funds from operations of $19.6 million, or 45 cents per share, in the period.
The average estimate of four 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.
