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

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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.

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BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT Completes Acquisition of Industrial Portfolio in Ohio for $94 Million

Plymouth Industrial REIT Completes Acquisition of Industrial Portfolio in Ohio for $94 Million

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BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT to Expand its Scale in Ohio with Agreement to Purchase Industrial Portfolio for $94 Million

Plymouth Industrial REIT to Expand its Scale in Ohio with Agreement to Purchase Industrial Portfolio for $94 Million

Plymouth's share price has materially underperformed that of its larger peers since the start of the year. I'm encouraged by the solid Q3 operating results and see material benefits from the growth of e-commerce.

Plymouth Industrial REIT: Safe 6% Yield And Underappreciated

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

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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

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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

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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

News for Plymouth Industrial REIT Stock (PLYM)