Plymouth Industrial: Q2 Earnings Snapshot

August 3, 2022 GMT

BOSTON (AP) _ Plymouth Industrial REIT, Inc. (PLYM) on Wednesday reported a key measure of profitability in its second quarter.

The Boston-based real estate investment trust said it had funds from operations of $18.6 million, or 47 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $6.6 million, or 17 cents per share.

Plymouth Industrial, based in Boston, posted revenue of $45.6 million in the period.

Plymouth Industrial expects full-year funds from operations in the range of $1.80 to $1.85 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLYM at https://www.zacks.com/ap/PLYM