Plymouth Industrial REIT Q4 AFFO $0.48 Up From $0.42 YoY, Sales $50.75M Miss $50.91M Estimate
Portfolio Pulse from Happy Mohamed
Plymouth Industrial REIT (PLYM) reported a Q4 AFFO of $0.48 per share, up 14.29% from $0.42 YoY. However, Q4 sales of $50.75M missed the $50.91M estimate, a 7.25% increase from last year's $47.32M.
February 21, 2024 | 10:03 pm
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NEUTRAL IMPACT
Plymouth Industrial REIT's Q4 AFFO increased to $0.48 per share from $0.42 YoY, but sales of $50.75M missed the $50.91M estimate.
The increase in AFFO per share indicates improved profitability and operational efficiency, which is positive for investors. However, the slight miss in sales estimates could temper enthusiasm, leading to a neutral short-term impact on the stock price. The balance between the positive earnings growth and the slight revenue miss suggests a cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100