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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Plymouth Industrial REIT, Inc.'s (PLYM) CEO Jeff Witherell on Q3 2020 Results - Earnings Call Transcript

BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT Forms $150 Million Equity Joint Venture with Madison International Realty

Plymouth Industrial REIT Forms $150 Million Equity Joint Venture with Madison International Realty

Plymouth (PLYM) extends and expands its credit facilities by $100 million. Moreover, the new unsecured credit facilities will result in lower interest expenses.

Plymouth Increases Credit Facility, Lowers Cost of Debt

BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT Closes New $300 Million Unsecured Credit Facilities to Support Continued Growth

Plymouth Industrial REIT Closes New $300 Million Unsecured Credit Facilities to Support Continued Growth

BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT Schedules Third Quarter 2020 Earnings Release and Conference Call Dates

Plymouth Industrial REIT Schedules Third Quarter 2020 Earnings Release and Conference Call Dates

Duke Realty

EastGroup Properties

Innovative Industrial Properties

Prologis

Rexford Industrial Realty

STAG Industrial

Terreno Realty

Vanguard Real Estate ETF

Recent earnings reports confirmed that fundamentals are back in-line with pre-pandemic expectations with positive growth expected in 2020. With the pandemic exposing deficiencies in supply chains, we believe the logistics-boom is back in the early-innings.

Industrial REITs: Virus Exposes Frail Supply Chains

Plymouth, Massachusetts--(Newsfile Corp. - September 17, 2020) -  Plymouth Rock Technologies Inc.

Plymouth Rock Signs Letter of Intent with R3 Technologies to Bring Compact Threat Detection Radar to Market

BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT Declares Third Quarter 2020 Common Stock Dividend

Plymouth Industrial REIT Declares Third Quarter 2020 Common Stock Dividend

Plymouth's (PLYM) acquisitions are a strategic fit as these properties have been acquired well below replacement costs and are in markets with solid demand for industrial real estates.

Plymouth Grows Portfolio With Buyout of Industrial Properties

BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT Expands Presence in St. Louis and Jacksonville with Acquisition of Three Industrial Properties for $51 Million

Plymouth Industrial REIT Expands Presence in St. Louis and Jacksonville with Acquisition of Three Industrial Properties for $51 Million

BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT Declares Second Quarter 2020 Preferred Stock Dividend

Plymouth Industrial REIT Declares Second Quarter 2020 Preferred Stock Dividend

City Office REIT

Publicly traded small-cap companies of any kind – real estate investment trust or otherwise – might not seem like your cup of tea at the moment.

Small-Cap REIT Names With Big Potential

Plymouth, Massachusetts--(Newsfile Corp. - August 31, 2020) -  Plymouth Rock Technologies Inc.

Plymouth Rock Technologies Completes Industry Breakthrough Sensor Capability

Global Net Lease

Office Properties Income Trust

STORE Capital

Service Properties Trust

Why REITs Will Fail You

BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT Announces Closing of Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Share

Plymouth Industrial REIT Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares

BRT Apartments

Cousins Properties

National Storage Affiliates Trust

Whitestone REIT

A New Quant-Based Approach To Picking Real Estate Investment Trusts

Plymouth Industrial: To Sell Or Not To Sell, That Is The Question

Clipper Realty

Postal Realty Trust

REITs Get No Respect - But They Should

Plymouth, Massachusetts--(Newsfile Corp. - August 25, 2020) -  Plymouth Rock Technologies Inc.

Plymouth Rock Technologies and Trendset Communications Group Announce Re-Seller and Purchase Agreement for PRT's Next Generation X1 Drone

Plymouth (PLYM) intents to use net proceeds of $91.1 million from the offering to fund buyouts, including specific industrial properties under contract.

Plymouth Upsizes and Prices Equity Offering of 7.5M Shares

BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT Announces Upsizing and Pricing of Follow-On Offering of 7,500,000 Shares of Common Stock

Plymouth Industrial REIT Announces Upsizing and Pricing of Follow-On Offering of 7,500,000 Shares of Common Stock

BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT Announces Proposed Offering of [X] Shares of Common Stock

Plymouth Industrial REIT Announces Proposed Offering of 5,750,000 Shares of Common Stock

Plymouth Industrial REIT, Inc. (PLYM) CEO Jeffrey Witherell on Q2 2020 Results - Earnings Call Transcript

PLYMOUTH IND RE (PLYM) delivered FFO and revenue surprises of 4.08% and 0.76%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

PLYMOUTH IND RE (PLYM) Beats Q2 FFO and Revenue Estimates

Plymouth Industrial REIT is a small-cap company that owns industrial properties in secondary markets across the United States.

News for Plymouth Industrial REIT Stock (PLYM)