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Plymouth Industrial Reit Inc (PLYM)
NYSE:PLYM
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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
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: -20.85%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call outlined significant strategic advances, such as the partnership with Sixth Street and increased borrowing capacity, positioning the company for potential growth. However, these positives were tempered by tenant issues and unexpected vacancies, particularly in Cleveland and Cincinnati, which could impact near-term occupancy rates.Company Guidance
During the Plymouth Industrial REIT Q3 2024 earnings call, the company provided guidance highlighting several key metrics. Notably, they discussed a strategic transaction with Sixth Street, which set a valuation marker on their largest portfolio and secured capital for up to $500 million in acquisitions. They also enhanced their borrowing capacity, increasing unsecured credit facilities to $1.5 billion. The pursuit pipeline was reported at over 11 million square feet and over $1 billion in size, predominantly located in existing markets. Despite facing tenant challenges, particularly in Cleveland, the company was confident in resolving these issues and emphasized a focus on leasing opportunities and capital deployment for the remainder of 2024 and into 2025. They also completed an acquisition of a Memphis portfolio, with another under contract in Cincinnati. The company aims to leverage these initiatives to set up for strong growth in 2025.Strategic Partnership with Sixth Street
Secured a strategic transaction with Sixth Street, establishing a valuation marker on the largest portfolio with the Chicago recap JV and sourcing capital for up to $500 million in acquisitions.
Enhanced Borrowing Capacity
Refinanced and upsized unsecured credit facilities to $1.5 billion, increasing revolver and recasting a term loan to extend maturities and pursue other unsecured debt.
Acquisition Pipeline
Pursuit pipeline includes over 11 million square feet and over $1 billion in size, with significant opportunities in existing markets.
Memphis Portfolio Acquisition
Completed acquisition of Memphis portfolio, with another portfolio under contract in Cincinnati, expected to close before year-end.
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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 |
|---|---|---|---|
| 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% |
| Feb 21, 2024 | $20.94 | $20.91 | -0.14% |
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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