Plymouth Industrial REIT Q2 2024 FFO $0.49 Beats $0.46 Estimate, Sales $48.649M Miss $50.897M Estimate
Portfolio Pulse from Benzinga Newsdesk
Plymouth Industrial REIT (NYSE:PLYM) reported Q2 2024 earnings per share (FFO) of $0.49, beating the analyst estimate of $0.46. However, the company's sales of $48.649 million missed the estimate of $50.897 million and decreased by 2.51% compared to the same period last year.
July 31, 2024 | 8:38 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Plymouth Industrial REIT reported Q2 2024 FFO of $0.49, beating estimates, but sales missed expectations and decreased year-over-year.
While the FFO beat estimates, the miss on sales and the year-over-year decline in revenue could offset the positive impact of the earnings beat. This mixed result may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100