Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Plymouth Industrial (PLYM) and National Health Investors (NHI). But which of these two companies is the best option for those looking for undervalued stocks?
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Plymouth Industrial (PLYM) and National Health Investors (NHI). But which of these two companies is the best option for those looking for undervalued stocks?
PLYM drives success with healthy leasing activity and an increase in rental rates.
PLYM announces an agreement with Sixth Street for an investment of $250 million to enhance earnings growth and expand the platform.
Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q2 2024 Results Conference Call August 1, 2024 9:00 AM ET Company Participants Tripp Sullivan - SCR Partners LLC Jeff Witherell - Chairman and Chief Executive Officer Jim Connolly - Executive Vice President, Asset Management Conference Call Participants Todd Thomas - KeyBanc Capital Markets Rich Anderson - Wedbush Nick Thillman - Baird Brian Maher - B. Riley Mitchell Germain - Citizens JMP Nikita Bely - JPMorgan Anthony Hau - Truist Brendon Lynch - Barclays Steven Domanski - Janney Operator Good day, and welcome to the Plymouth Industrial REIT Second Quarter 2024 Earnings Call.
Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.48 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to FFO of $0.46 per share a year ago.
Plymouth (PLYM) drives success with strong leasing activity, an increase in rental rates and high occupancy.
Plymouth Industrial REIT, Inc. is a smaller industrial and logistics REIT which shows rapid growth, financed by shareholder dilution. The company owns 156 properties in the Golden Triangle, occupied at 97%, mostly with triple net leases. While growth is impressive, per share value creation has been modest, making me a bit reserved here about Plymouth Industrial REIT, Inc.