Plymouth Industrial: Q2 Earnings Snapshot
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.