Group 1 - The article discusses the cautious outlook on Rexford Industrial (NYSE: REXR) due to its focus on growth rather than shareholder returns [1] - The investing group "Value In Corporate Events" aims to provide members with opportunities related to IPOs, mergers & acquisitions, and earnings reports [2] - The coverage includes 10 major events per month, focusing on identifying the best investment opportunities [2]

Plymouth Industrial REIT (PLYM) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants John Wilfong - Senior Vice PresidentJeffrey Witherell - Chairman & CEOJames Connolly - Executive Vice President of Asset ManagementAnthony Saladino - President and CFORich Anderson - Managing DirectorEric Borden - Vice President Conference Call Participants Todd Thomas - Managing Director & Equity Research AnalystNick Thillman - Senior Research AnalystMichael Mueller - Analyst Operator Please note today's eve ...

Plymouth Industrial REIT (PLYM) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Speaker0 Please note today's event is also being recorded. I would now like to turn the conference call over to John Wilfong, Investor Relations. Sir, please go ahead. Speaker1 Thank you, and good morning. Welcome to the Plymouth Industrial REIT conference call to review the company's results for the first quarter of twenty twenty five. Yesterday afternoon, we issued our earnings release and posted a copy of our prepared commenta ...

Core Insights - Plymouth Industrial reported revenue of $45.57 million for the quarter ended March 2025, a decrease of 9.3% year-over-year [1] - The company's EPS was $0.44, significantly higher than $0.14 in the same quarter last year [1] - Revenue fell short of the Zacks Consensus Estimate of $47.51 million, resulting in a surprise of -4.07% [1] - The EPS also missed the consensus estimate of $0.45, with a surprise of -2.22% [1] Revenue Breakdown - Management fee revenue and other income amounted to $0.15 million, below the two-analyst average estimate of $0.19 million [4] - Rental revenue was reported at $45.42 million, compared to the two-analyst average estimate of $47.87 million, reflecting a year-over-year decline of 9.5% [4] Stock Performance - Shares of Plymouth Industrial have declined by 8.9% over the past month, while the Zacks S&P 500 composite saw a change of -0.7% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

BOSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (–“Plymouth” or the “Company”) today announced its financial results for the first quarter ended March 31, 2025 and other recent developments. First Quarter and Subsequent Highlights Reported results for the first quarter of 2025 reflect net income attributable to common stockholders of $0.13 per weighted average common share; Core Funds from Operations attributable to common stockholders and unit holders (“Core FFO”) of $0 ...

LXP Industrial Trust (NYSE:LXP) Q1 2025 Earnings Conference Call May 1, 2025 8:30 AM ET Company Participants Heather Gentry - Investor Relations Will Eglin - Chief Executive Officer Brendan Mullinix - Chief Investment Officer James Dudley - Executive Vice President Nathan Brunner - CFO Conference Call Participants James Kammert - Evercore John Petersen - Jefferies James Kammert - Evercore ISI Operator Good morning. My name is Aaron, and I will be your conference operator for today. At this time, I would lik ...

LXP Industrial Trust (LXP) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Heather Gentry - Senior Vice President-Investor RelationsWilson Eglin - Chairman, Chief Executive Officer and PresidentNathan Brunner - EVP, CFO & TreasurerAnthony Paolone - Executive DirectorJames Dudley - Executive Vice President and Director-Asset ManagementBrendan Mullinix - Executive Vice President and Chief Investment OfficerJon Petersen - Managing DirectorJames Kammert - Managing Director Conference Call Pa ...

LXP Industrial Trust (LXP) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Good morning. My name is Aaron, and I will be your conference operator for today. At this time, I would like to welcome everyone to the LXP Industrial Trust First Quarter twenty twenty five Earnings Call and Webcast. All lines have been placed on mute to prevent any background noise. And after the speakers' remarks, there will be a question and answer session. With that, I'm pleased to turn our call over to Heather Gentry, Ex ...

INVESTOR PRESENTATION All company names are trademarks , registered® trademarks or service marks of their respective holders. Use of them does not imply any affiliation with or endorsement of them. 2 LXPINDUSTRIAL TRUST FIRST QUARTER 2025 LXPINDUSTRIAL TRUST Forward-Looking Statements and Other Disclosure This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ...

Financial Data and Key Metrics Changes - Cash basis NOI grew by nearly 2% year over year, while normalized FFO increased 43% year over year and 52% sequentially [7][15] - NOI for the quarter was reported at $87,500,000, with cash basis NOI at $83,800,000 and adjusted EBITDAre at $85,300,000, all showing increases year over year and sequentially [16] - Interest expense decreased to $69,800,000, reflecting a reduction in interest rate cap costs [16] Business Line Data and Key Metrics Changes - The company executed over 2,300,000 square feet of total leasing activity with an occupancy rate of 94.6%, reflecting a sequential increase of 20 basis points [7] - The Mainland properties accounted for nearly 80% of renewal activity, with significant leases signed with major tenants [11] - In Hawaii, 492,000 square feet of renewals were signed at rental rates 18.2% higher than prior rents [9] Market Data and Key Metrics Changes - The company is monitoring the evolving landscape surrounding global tariffs, which may impact tenant demand and the overall leasing environment [10] - The leasing pipeline includes 32 deals for more than 7,400,000 square feet, with anticipated roll-ups in rent of 20% on the Mainland and 30% in Hawaii [13] Company Strategy and Development Direction - The company aims to maximize mark-to-market growth opportunities, maintain strong tenant retention, and lease vacancies, particularly in undeveloped land parcels [10] - There is a focus on evaluating opportunities to improve the balance sheet and reduce leverage, potentially through refinancing existing debt and strategic property dispositions [10][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the portfolio's ability to withstand short-term volatility due to its high-quality assets and diversified tenant roster [10] - The company anticipates that tariffs may positively impact tenant demand, leading to higher tenant retention in the short term [38] Other Important Information - The company reported a strong start to the year with solid financial performance and steady demand for industrial real estate [17] - The company has no debt maturities until 2027, with all debt currently carried at fixed rates [17] Q&A Session Summary Question: Details on bad debt recovery impact - The financial impact from bad debt recovery in the first quarter was around $750,000, which is reflected in revenues [20][21] Question: Insights on leasing timelines - Leasing timelines have elongated, with tenants looking to start renewal processes earlier due to more stakeholders involved in lease decisions [22][23] Question: Status of notable vacancies in Hawaii and Indianapolis - Activity has been seen for the Hawaii property, with proposals out, while the Indianapolis property is actively being marketed with proposals but no finalized leases yet [24][26] Question: Motivation for leverage reduction and property sales - The company is evaluating unsolicited offers for properties, particularly from owner-users, which may lead to higher valuations [28][30] Question: Impact of tariffs on tenant decisions - Tariffs are anticipated to be beneficial for tenant demand, with some tenants opting to stay in place rather than relocate due to concerns about construction costs [37][38] Question: Exposure of Hawaii portfolio to inbound travel - The portfolio's exposure to inbound travel is minimal, as tenants generally serve the local economy rather than relying on tourism [39]