Brief: Plymouth Industrial REIT Q2 Revenue USD 47.2 Million Vs. IBES Estimate USD 46.5 Million

Plymouth Industrial Reit

06/08/2025 21:15

Overview

Plymouth Q2 revenue of $47.2 mln beats analyst expectations, per LSEG data

Net loss for Q2 was $6.2 mln, compared to net income last year

Core FFO for Q2 was $20.9 mln, down from $21.8 mln last year

Outlook

Plymouth affirms 2025 Core FFO guidance at $1.85 to $1.89 per share

Company expects 2025 same-store NOI growth of 6.0% to 6.5%

Plymouth projects 2025 acquisition volume of $270 mln to $450 mln

Company anticipates 2025 average occupancy of 95.0% to 97.0%

Result Drivers

DECONSOLIDATION IMPACT - Net loss driven by deconsolidation of Chicago Portfolio for joint venture formation

RENT ESCALATIONS - SS NOI positively impacted by rent escalations and leasing spreads, offset by higher real estate taxes

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$47.20 mln
$46.50 mln (4 Analysts)
Q2 Net Income
-$6.20 mln
Q2 Core FFO
$20.90 mln
Q2 Dividend
$0.24


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

Wall Street's median 12-month price target for Plymouth Industrial REIT Inc is $18.00, about 19.2% above its August 5 closing price of $14.55

Press Release: ID:nGNX5t7z0Z

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)