Plymouth Industrial REIT Q1 net income $0.14/share; same-store NOI up 7.0% cash

Plymouth Industrial REIT, Inc.

2024-Q1 EPS reported $0.14 revenue$50,228,000

Net income $6.1M ($0.14/share) vs loss $4.3M ($0.10 loss) YoY; revenue $50.2M.
Core FFO $0.45/share (flat YoY); AFFO $0.45/share vs $0.40 prior.
Same-store NOI (cash) +7.0% ex early termination; occupancy 98.3%.
Leases commenced at 17.1% cash increase; 58% of 2024 expirations addressed.
Dividend raised 6.7% to $0.240/quarter; full-year Core FFO guidance affirmed.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Plymouth Industrial REIT, Inc. reported the first quarter ended March 31, 2024 results: net income $6.1 million, or $0.14 per weighted average common share outstanding. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Net income: $6.1 million, or $0.14 per weighted average common share outstanding
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net income attributable to common stockholders for the quarter ended March 31, 2024, was $6.1 million, or $0.14 per weighted average common share outstanding

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Source: SEC EDGAR

accession 0001171520-24-000184

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