Key Factors To Impact Plymouth Industrial (PLYM) Q4 Earnings
Zacks Investment Research | Mar 06, 2019 03:43AM ET
Plymouth Industrial REIT, Inc. (NYSE:PLYM) is slated to report fourth-quarter and full-year 2018 earnings on Mar 8, before the opening bell. The company’s results will likely display year-over-year growth in funds from operations (FFO) per share and revenues.
In the last reported quarter, this industrial real estate investment trust (REIT) delivered a positive surprise of 7.69% in terms of FFO per share. The company also witnessed solid top-line growth in the period.
Over the preceding four reported quarters, Plymouth’s FFO per share surpassed estimates on three occasions and missed in the other quarter, the average beat being 17.55%. This is depicted in the graph below:
Let’s see how things are shaping up for this announcement.
Factors at Play
This Boston-based industrial REIT focuses on buyout and operations of single and multi-tenant industrial properties positioned in secondary and select primary markets through the United States.
The company is likely to post an encouraging performance in the to-be-reported quarter as the industrial real estate market is gaining strength amid solid U.S. economy, job-market gains, thriving e-commerce market, high consumption levels and a robust consumer confidence. Demand for warehouses, distribution centers and other industrial property remains strong and consistently surpasses supply levels.
Per a Zacks Investment Research
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