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Plymouth Industrial Reit Inc (PLYM)
NYSE:PLYM
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.03Last Year’s EPS
0.2Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 4.33%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong strategic partnerships and leasing activity, despite some tenant challenges and market-specific leasing delays. The company's strategic positioning and market conditions support a positive sentiment.Company Guidance
During the Plymouth Industrial REIT conference call discussing the fourth quarter of 2024 results, the company provided detailed guidance for 2025. They have secured capital through a strategic transaction with Sixth Street, enabling up to $500 million in acquisitions. The pipeline includes over 11 million square feet and $1 billion in potential acquisitions, with a focus on assets in existing markets. For 2025, Plymouth anticipates leasing opportunities and capital deployment as key themes, with an assumed $360 million in acquisitions at an initial cap rate of approximately 6.75%. The guidance also highlights a 380 basis points improvement in occupancy, aiming for lease-up of over 1 million square feet, driven by demand for spaces under 250,000 square feet. The company expects strong momentum in addressing 2025 expirations, with a focus on value-added activities and recycling in newly acquired portfolios. Additionally, Plymouth has introduced a stock buyback program as part of its capital strategy.Strategic Partnership with Sixth Street
Announced a transformative strategic transaction with Sixth Street, securing capital for up to $500 million in acquisitions and enhancing borrowing capacity.
Strong Leasing Activity
Leasing activity increased with 740,000 square feet of leases signed, including a significant renewal at the former FedEx Logistics site in St. Louis.
Cincinnati Acquisitions
Acquired approximately 762,000 square feet in Cincinnati for $61.3 million, contributing to a pipeline exceeding 11 million square feet and $1 billion in potential acquisitions.
Positive Market Conditions
Market conditions remain favorable, particularly for buildings under 250,000 square feet, supporting leasing efforts with a tightening supply.
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PLYM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PLYM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $16.62 | $16.83 | +1.26% |
| Nov 06, 2024 | $21.01 | $20.41 | -2.86% |
| Jul 31, 2024 | $23.35 | $23.46 | +0.47% |
| May 01, 2024 | $20.26 | $19.80 | -2.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Plymouth Industrial Reit Inc (PLYM) report earnings?
Plymouth Industrial Reit Inc (PLYM) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Plymouth Industrial Reit Inc (PLYM) earnings time?
Plymouth Industrial Reit Inc (PLYM) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PLYM EPS forecast?
PLYM EPS forecast for the fiscal quarter 2024 (Q4) is 0.03.
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