Plymouth Industrial REIT Q1 2024 FFO $0.45 Misses $0.47 Estimate, Sales $50.190M Miss $51.031M Estimate
Portfolio Pulse from Benzinga Newsdesk
Plymouth Industrial REIT reported Q1 2024 FFO of $0.45 per share, missing the $0.47 estimate, and sales of $50.190M, below the $51.031M estimate. This represents a 1.66% increase in sales compared to the same period last year.

May 01, 2024 | 9:46 pm
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Plymouth Industrial REIT's Q1 2024 earnings and sales missed analyst estimates, with FFO per share at $0.45 against a $0.47 estimate and sales at $50.190M versus a $51.031M forecast.
Missing both FFO per share and sales estimates can negatively impact investor sentiment and potentially lead to a short-term decrease in stock price. The miss, although slight, indicates a performance below market expectations, which can be particularly sensitive for REITs where investors closely watch earnings and sales figures as indicators of the company's operational efficiency and growth prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100