Plymouth Industrial REIT

Plymouth Industrial REIT, Inc. engages in the acquisition, ownership, and management of single and multi-tenant distribution centers, warehouses, and light industrial properties. It seeks to acquire properties that provide income and growth, and enhance shareholder value through active asset management, prudent property re-positioning, and disciplined capital deployment. The company was founded by Jeffrey E. Witherell and Pendleton P. White, Jr. on March 7, 2011 and is headquartered in Boston, MA.

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Plymouth Industrial REIT reports robust Q4 performance amidst market challenges

Plymouth Industrial REIT's Q4 2022 performance reflects strong leasing activity, financial growth, and strategic initiatives to optimize its real estate portfolio.
While facing challenges like OpEx increases and market uncertainties, the company remains focused on capitalizing on opportunities in reshoring, development projects, and strategic partnerships.
With a cautious yet optimistic outlook for 2023, Plymouth Industrial REIT aims to leverage its strengths in portfolio management and deal-making to drive continued success.

Plymouth Industrial REIT (PLYM) excels in Q1 2023 performance and strategic growth initiatives

PLYM's Q1 2023 performance reflects robust growth in same-store NOI, successful leasing initiatives, and strategic development progress in key markets.
The company's focus on improving capital structure, effective leasing management, and proactive approach to real estate development highlight its resilience and growth potential.
While challenges in maintaining leasing activity and optimizing financial strategies exist, PLYM is well-positioned to capitalize on opportunities in the industrial real estate sector.

Plymouth Industrial REIT reports robust Q2 performance and ESG commitment

Plymouth Industrial REIT's Q2 2023 performance reflects positive organic growth and strong leasing fundamentals. With a focus on improving capital structure, publishing its first ESG report, and affirming core FFO guidance, the company is poised for continued growth and sustainability.

Plymouth Industrial REIT reports robust Q3 performance and growth prospects

Plymouth Industrial REIT demonstrated strong financial performance with revenue growth and stable core FFO.
The company's proactive approach to capital structure, portfolio management, and tenant relationships underpin its financial stability.
While challenges exist in optimizing property transactions and debt reduction, opportunities for growth through acquisitions and revenue expansion are evident.

Plymouth Industrial REIT reports robust Q4 performance and plans for growth

Plymouth Industrial REIT's Q4 2023 showcased strong financial performance and strategic decisions to drive future growth. With a focus on operational improvements and leasing activities, the company aims for a positive trajectory in 2024. Management's emphasis on balance sheet strength and dividend increase reflects confidence in their strategic direction.

Plymouth Industrial REIT excels in Q1 2024 with strategic investments and lease extensions

Plymouth Industrial REIT's Q1 2024 performance reflects a proactive and strategic approach to portfolio management and growth.
Successful lease extensions with key tenants and early transaction market activity underscore the company's stability and agility in a competitive market.
Challenges such as potential tenant transitions and upcoming lease expirations require effective management strategies and proactive solutions for sustained growth.

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Announces Senior Management Promotions and Details for Second Quarter Earnings Conference Call Announces Senior Management Promotions and Details for Second Quarter Earnings Conference Call

Plymouth Industrial REIT Provides Activity Update for Second Quarter 2023

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Buy The REIT - Sell The Real Estate

BOSTON, June 16, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced that the Institute for Market Transformation ( IMT ) and the U.S. Department of Energy's (DOE) Better Buildings Alliance named Plymouth as a 2023 Green Lease Leader during the recent Better Buildings, Better Plants Summit . Launched in 2014, Green Lease Leaders sets standards for what constitutes a green lease, while recognizing landlords and tenants who modernize their leases to spur collaborative action on energy efficiency, cost-savings, air quality improvement, and sustainability in buildings.

Plymouth Industrial REIT Selected as 2023 Green Lease Leader by the Department of Energy's Better Buildings Alliance and the Institute for Market Transformation

BOSTON, June 15, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced that its board of directors has declared a regular quarterly cash dividend of $0.225 per share of common stock for the second quarter of 2023. The dividend, which equates to an annualized rate of $0.90 per common share, is payable on July 31, 2023, to stockholders of record as of the close of business on June 30, 2023.

Plymouth Industrial REIT Declares Dividend for the Second Quarter of 2023

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BOSTON, June 02, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced it will make a presentation at Nareit's REITweek 2023 Investor Conference on Tuesday, June 6, 2023 from 10:15 a.m. to 10:45 a.m. ET. The presentation will be webcast and available on Plymouth's investor relations website.

Plymouth Industrial REIT to Present at Nareit's REITweek 2023

BOSTON, June 01, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) today announced that the Company's board of directors has declared a regular quarterly cash dividend of $0.46875 per share, or an annualized dividend of $1.875 per share, for the Company's 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA) for the second quarter of 2023. The dividend is payable on June 30, 2023, to stockholders of record on June 15, 2023.

Plymouth Industrial REIT Declares Second Quarter 2023 Preferred Stock Dividend

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Demand for Industrial REIT space continues to substantially outpace supply, resulting in astonishing rental spreads averaging over 40%, while occupancy rates and same-store NOI have reached record highs. The five major industrial REITs raised full-year guidance this quarter, growing FFO much faster than the next closest major property sector.

Picking A Winner In Industrial REITs

Plymouth Industrial is a smaller industrial operator with a significant presence in the "Golden Triangle" region of the U.S. The company has similar operating metrics and performs on par with their peers in terms of total leasing activity.

Plymouth Industrial Remains Among The Most Undervalued Industrial REITs

Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations, SCR Partners Jeff Witherell - Chairman & Chief Executive Officer Jim Connolly - Executive Vice President, Asset Management Anthony Saladino - Executive Vice President & Chief Financial Officer Pen White - President & Chief Investment Officer Conference Call Participants Nick Thillman - Robert W. Baird Bryan Maher - B.

Plymouth Industrial REIT, Inc. (PLYM) Q1 2023 Earnings Call Transcript

Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.47 per share a year ago.

Plymouth Industrial (PLYM) Q1 FFO Match Estimates

BOSTON, May 04, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced its financial results for the first quarter ended March 31, 2023 and other recent developments.

Plymouth Industrial REIT Reports First Quarter Results

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U.S. equity markets snapped a three-week winning streak while benchmark interest rates dipped to seven-month lows after a critical slate of employment data revealed some cracking in the long-resilient labor markets. Following its strongest weekly advance in five months, the S&P 500 finished fractionally lower this week, while the Mid-Cap 400 and Small-Cap 600 each posted steeper declines of over 2.5%.

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Plymouth Industrial (PLYM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Plymouth Industrial (PLYM) a New Buy Stock

Plymouth Industrial owns and operates industrial properties in the Midwestern and Southeastern regions of the U.S. This operating region is referred to as the "Golden Triangle," or the heart of logistics country to many.

Plymouth Industrial: Poised To Benefit From Recent Reshoring Trends

BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT, Inc. (NYSE: PLYM) today announced that the Company's board of directors has declared a regular quarterly cash dividend of $0.46875 per share, or an annualized dividend of $1.875 per share, for the Company's 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA) for the first quarter of 2023. The dividend is payable on March 31, 2023, to stockholders of record on March 15, 2023.

Plymouth Industrial REIT Declares First Quarter 2023 Preferred Stock Dividend

Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q4 2022 Earnings Conference Call February 23, 2023 9:00 AM ET Company Participants Trip Sullivan - Investor Relations, SCR Partners Jeff Witherell - Chairman & Chief Executive Officer Pen White - President & Chief Investment Officer Jim Connolly - Executive Vice President, Asset Management Anthony Saladino - Executive Vice President & Chief Financial Officer Conference Call Participants John Kim - BMO Capital Markets Dave Rodgers - Baird Todd Thomas - KeyBanc Capital Markets Anthony Hau - Truist Bryan Maher - B Riley FBR Mitch Germain - JMP Securities Operator Good day, and welcome to the Plymouth Industrial REIT Fourth Quarter 2022 Earnings Call. All participants will be in listen-only mode.

Plymouth Industrial REIT, Inc. (PLYM) Q4 2022 Earnings Call Transcript

Plymouth Industrial (PLYM) delivered FFO and revenue surprises of -2.22% and 3.13%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Plymouth Industrial (PLYM) Q4 FFO and Revenues Lag Estimates

Industrial REITs like Prologis focus on key logistics hubs. Plymouth grows by focusing on markets with less competition.

Plymouth REIT's "B" Game Looks Like a Winning Strategy

Plymouth Industrial REIT has experienced management, local presence, and strategic exposure to attractive markets. Recent investor update showed improving occupancy and higher rental rates on new 2022 leases.

Plymouth Industrial: Value O' Plenty In Secondary Markets

BOSTON--( BUSINESS WIRE )--Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the tax treatment of its 2022 dividends to common stockholders. The following table summarizes Plymouth Industrial REIT's dividends to stockholders of Common Stock CUSIP #729640102 traded on the NYSE under ticker symbol “PLYM” for the tax year ended December 31, 2022:

Plymouth Industrial REIT Announces Tax Treatment of 2022 Dividends

With the strong, steady demand for industrial real estate, Plymouth Industrial ( PLYM , Financial) has expanded its portfolio of properties and benefited from increased rental rates. The real estate investment trust owns various industrial properties, from warehouses and distribution centers to light industrial and small bay industrial sites.

Plymouth Industrial: An Income Investor's Delight

BOSTON--( BUSINESS WIRE )--Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced its leasing activity for the fourth quarter of 2022. The Company also announced details for its fourth quarter earnings conference call and webcast to be held on February 23, 2023.

Plymouth Industrial REIT Provides Activity Update for Fourth Quarter 2022; Announces Details for Fourth Quarter Earnings Conference Call

BOSTON--( BUSINESS WIRE )--Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced that its board of directors has declared a regular quarterly cash dividend of $0.22 per share of common stock for the fourth quarter of 2022. The dividend, which equates to an annualized rate of $0.88 per common share, is payable on January 31, 2023, to stockholders of record as of the close of business on December 30, 2022.

Plymouth Industrial REIT Declares Dividend for the Fourth Quarter of 2022

BOSTON--( BUSINESS WIRE )--Plymouth Industrial REIT, Inc. (NYSE: PLYM) today announced that the Company's board of directors has declared a regular quarterly cash dividend of $0.46875 per share, or an annualized dividend of $1.875 per share, for the Company's 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA) for the fourth quarter of 2022. The dividend is payable on January 3, 2023, to stockholders of record on December 15, 2022.

Plymouth Industrial REIT Declares Fourth Quarter 2022 Preferred Stock Dividend

News for Plymouth Industrial REIT Stock (PLYM)