PLYM - Plymouth Industrial REIT GAAP EPS of -$0.11 beats by $0.02 revenue of $47.33M misses by $1.41M

• Plymouth Industrial REIT press release ( NYSE: PLYM ): Q4 GAAP EPS of -$0.11 beats by $0.02 .
• Revenue of $47.33M (+18.7% Y/Y) misses by $1.41M .

• Consolidated total revenues for the quarter ended December 31, 2022 were $47.3 million, compared with $39.9 million for the same period in 2021.

• NOI for the quarter ended December 31, 2022 was $33.1 million compared with $26.6 million for the same period in 2021. Same store NOI (“SS NOI”) excluding early termination income – GAAP basis for the quarter ended December 31, 2022 was $21.2 million compared with $19.9 million for the same period in 2021, an increase of 6.5%.

• EBITDAre for the quarter ended December 31, 2022 was $28.9 million compared with $23.1 million for the same period in 2021.

• Core FFO for the quarter ended December 31, 2022 was $19.1 million compared with $16.4 million for the same period in 2021,

• AFFO for the quarter ended December 31, 2022 was $18.3 million, or $0.42 per weighted average common share and unit, compared with $13.9 million, or $0.39 per weighted average common share and unit, for the same period in 2021, representing a 7.7% increase.

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