Plymouth Industrial Reit ( (PLYM) ) has released its Q2 earnings. Here is a breakdown of the information Plymouth Industrial Reit presented to its investors.
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Plymouth Industrial REIT, Inc. is a real estate investment trust focused on acquiring, owning, and managing single and multi-tenant industrial properties across the United States. The company is known for its vertically integrated platform and commitment to providing functional and flexible industrial spaces.
In its latest earnings report for the second quarter of 2025, Plymouth Industrial REIT announced a net loss attributable to common stockholders, while reporting Core Funds from Operations (Core FFO) of $0.46 per share. The company highlighted a significant increase in rental rates for new leases and the acquisition of a substantial industrial portfolio.
Key financial metrics from the quarter include a 6.7% increase in same-store net operating income on a GAAP basis and a 4.1% increase on a cash basis. Plymouth also reported a 10% increase in rental rates for commenced leases and acquired 22 industrial buildings totaling over 2 million square feet. Additionally, the company repurchased over 1 million shares of common stock as part of its capital management strategy.
Despite the reported net loss, Plymouth’s strategic acquisitions and leasing activities underscore its focus on long-term growth. The company affirmed its full-year 2025 guidance for Core FFO and updated its net income projections, reflecting confidence in its operational strategies and market positioning.
Looking ahead, Plymouth Industrial REIT remains committed to enhancing shareholder value through disciplined capital management and strategic acquisitions, while maintaining stable occupancy and driving internal growth through leasing activities.