Plymouth Industrial REIT Inc reports results for the quarter ended March 31 - Earnings Summary

Plymouth Industrial Reit

02/05/2025 05:22

Plymouth Industrial REIT Inc PLYM.N reported a quarterly adjusted loss of 18 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 14 cents.  The mean expectation of three analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -22 cents to -4 cents per share.

Revenue fell 9.2% to $45.57 million from a year ago; analysts expected $47.69 million.

Plymouth Industrial REIT Inc's reported EPS for the quarter was 13 cents​.

The company reported quarterly net income of $5.76 million.

Plymouth Industrial REIT Inc shares had fallen by 8.8% this quarter and lost 16.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 2.7% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is  "hold."

Wall Street's median 12-month price target for Plymouth Industrial REIT Inc is $18.00

This summary was machine generated from LSEG data May 2 at 04:21 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
0.46
0.44
Missed
Dec. 31 2024
0.46
0.46
Met
Sep. 30 2024
0.48
0.44
Missed
Jun. 30 2024
0.46
0.48
Beat