PLYM Earnings Prediction
The chart below shows how PLYM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PLYM sees a -1.29% change in stock price 10 days leading up to the earnings, and a -0.50% change 10 days following the report. On the earnings day itself, the stock moves by +0.80%. This data can give you a slight idea of what to expect for the next quarter's release.
PLYM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
51.87M
4.23%
6.54%
Gross Margin
26.04%
16.35%
-7.99%
Operating Margin
19.10%
21.35%
-5.96%
Net Margin
-29.58%
-241.53%
-1183.52%
EPS
-0.35
-305.88%
-1266.67%
No Data Available
PLYM Earnings Analysis
Plymouth Industrial REIT, Inc. Corporation (PLYM.N) Earnings Conference Call
Positive
Capital Acquisition Partnership: 1. Significant Capital Acquisition: Plymouth secured a transformative partnership with Sixth Street, enabling up to $500 million in acquisitions, enhancing growth potential.
Enhanced Credit Facilities: 2. Increased Borrowing Capacity: The company successfully refinanced and upsized its unsecured credit facilities to $1.5 billion, extending maturities and improving financial flexibility.
Acquisition Pipeline Strength: 3. Active Acquisition Pipeline: Plymouth has a robust pursuit pipeline exceeding 11 million square feet and valued at over $1 billion, primarily in existing markets, indicating strong growth opportunities.
Memphis Portfolio Acquisition: 4. Successful Memphis Acquisition: The company completed the acquisition of a Memphis portfolio, which is expected to yield strong returns and contribute positively to future earnings.
Leasing Performance Outlook: 5. Positive Leasing Momentum: Despite some tenant challenges, Plymouth maintains a low vacancy rate of 2.7%, with ongoing efforts to lease spaces quickly, setting the stage for a strong 2025.
Negative
Tenant Challenges and Evictions: 1. Tenant Defaults: The company faced unexpected tenant challenges, including a tenant in Cleveland that laid off all employees and could not pay rent, leading to eviction and legal action.
Cleanup Cost Burden: 2. High Cleanup Costs: The eviction of a tenant at 1350 Moore Road resulted in approximately $500,000 in cleanup costs to clear out equipment and inventory left behind.
Rising Vacancy Rates: 3. Increased Vacancy Rates: The company reported a vacancy rate of 2.7%, primarily driven by two properties in St. Louis and Chicago, which have been vacant for an extended period.
Lease Commencement Delays: 4. Delayed Lease Commencements: 70% of the executed leases are expected to commence in early 2025, indicating a delay in cash flow generation from these properties.
Future Rent Payment Uncertainty: 5. Uncertain Future Rent Payments: The company has not factored in any potential rent payments from tenants undergoing eviction, indicating a lack of certainty in future cash flows.
PLYM FAQs
How does PLYM typically perform around its earnings report dates?
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PLYM Earning Call Sentiment
Plymouth Industrial REIT, Inc. (PLYM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PLYM.N
-2.27%Positive
The earnings call presents a mixed outlook. Positive aspects include strategic partnerships, increased acquisition capital, and strong growth potential in existing markets. However, tenant challenges, competitive market conditions, and lack of specific shareholder return plans weigh negatively. The Q&A highlighted management's proactive approach to tenant issues but also revealed some uncertainties. Given these factors, the sentiment is balanced, suggesting a neutral stock price movement in the short term.