Plymouth Industrial REIT Key Executives
This section highlights Plymouth Industrial REIT's key executives, including their titles and compensation details.
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Plymouth Industrial REIT Earnings
This section highlights Plymouth Industrial REIT's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-27 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-07 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-01 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-02 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-22 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-02 | $0.46 | $0.46 |
| Read Transcript | Q2 | 2023 | 2023-08-03 | $0.45 | $0.46 |
| Read Transcript | Q1 | 2023 | 2023-05-06 | N/A | N/A |
Plymouth Industrial REIT, Inc. is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.
$16.93
Stock Price
$771.18M
Market Cap
46
Employees
Boston, MA
Location
Financial Statements
Access annual & quarterly financial statements for Plymouth Industrial REIT, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $198.35M | $199.85M | $183.54M | $140.62M | $109.85M |
| Cost of Revenue | $61.72M | $62.54M | $56.60M | $47.64M | $38.16M |
| Gross Profit | $136.64M | $137.31M | $126.94M | $92.98M | $71.69M |
| Gross Profit Ratio | 68.89% | 68.70% | 69.16% | 66.10% | 65.26% |
| Research and Development Expenses | $- | $- | $-0 | $-0 | $-0 |
| General and Administrative Expenses | $14.76M | $14.90M | $15.94M | $12.92M | $10.36M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $14.76M | $14.90M | $15.94M | $12.92M | $10.36M |
| Other Expenses | $121.87M | $122.40M | $95.31M | $70.64M | $56.43M |
| Operating Expenses | $136.64M | $137.31M | $111.25M | $83.56M | $66.79M |
| Cost and Expenses | $198.35M | $170.34M | $167.85M | $131.20M | $104.95M |
| Interest Income | $1.65M | $-2.18M | $32.22M | $19.97M | $18.93M |
| Interest Expense | $37.15M | $36.09M | $32.22M | $19.97M | $17.46M |
| Depreciation and Amortization | $85.73M | $92.89M | $166.09M | $136.32M | $105.05M |
| EBITDA | $267.73M | $142.79M | $108.27M | $75.34M | $60.43M |
| EBITDA Ratio | 134.98% | 71.45% | 60.40% | 56.33% | 54.48% |
| Operating Income | $36.14M | $29.51M | $15.54M | $8.57M | $4.90M |
| Operating Income Ratio | 18.22% | 14.77% | 8.47% | 6.09% | 4.46% |
| Total Other Income Expenses Net | $108.71M | $-15.70M | $-32.63M | $-23.84M | $-19.36M |
| Income Before Tax | $144.85M | $13.81M | $-17.10M | $-15.27M | $-14.46M |
| Income Before Tax Ratio | 73.03% | 6.91% | -9.31% | -10.86% | -13.17% |
| Income Tax Expense | $2.49M | $- | $206.00K | $18.86M | $18.87M |
| Net Income | $139.34M | $13.66M | $-17.30M | $-34.13M | $-33.33M |
| Net Income Ratio | 70.25% | 6.84% | -9.43% | -24.27% | -30.34% |
| EPS | $3.89 | $0.20 | $-0.43 | $-1.10 | $-1.81 |
| EPS Diluted | $3.89 | $0.20 | $-0.43 | $-1.10 | $-1.81 |
| Weighted Average Shares Outstanding | 36.23M | 43.55M | 39.78M | 30.91M | 18.38M |
| Weighted Average Shares Outstanding Diluted | 36.23M | 43.63M | 39.78M | 30.91M | 18.38M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.57M | $51.87M | $48.69M | $50.23M | $50.78M | $49.77M | $49.90M | $49.40M | $47.33M | $47.79M | $45.61M | $42.81M | $39.88M | $35.96M | $32.85M | $31.92M | $29.97M | $27.52M | $26.14M | $26.23M |
| Cost of Revenue | $14.13M | $17.37M | $34.92M | $16.64M | $15.14M | $15.75M | $15.69M | $15.95M | $14.23M | $14.49M | $13.80M | $14.07M | $13.24M | $12.03M | $10.94M | $11.43M | $10.06M | $10.06M | $9.03M | $9.01M |
| Gross Profit | $33.44M | $34.50M | $13.77M | $33.59M | $35.64M | $34.01M | $34.21M | $33.45M | $33.09M | $33.30M | $31.82M | $28.73M | $26.65M | $23.93M | $21.91M | $20.49M | $19.91M | $17.45M | $17.11M | $17.22M |
| Gross Profit Ratio | 70.29% | 66.50% | 28.30% | 66.90% | 70.20% | 68.30% | 68.60% | 67.70% | 69.90% | 69.70% | 69.70% | 67.10% | 66.80% | 66.50% | 66.70% | 64.20% | 66.44% | 63.43% | 65.47% | 65.64% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $3.94M | $3.58M | $3.66M | $3.36M | $4.32M | $3.30M | $3.84M | $3.45M | $4.16M | $4.08M | $4.15M | $3.55M | $3.34M | $3.26M | $3.31M | $3.01M | $2.98M | $2.28M | $2.58M | $2.52M |
| Selling and Marketing Expenses | $- | $- | $222.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $3.94M | $3.58M | $3.88M | $3.36M | $4.32M | $3.30M | $3.84M | $3.45M | $4.16M | $4.08M | $4.15M | $3.55M | $3.34M | $3.26M | $3.31M | $3.01M | $2.98M | $2.28M | $2.58M | $2.52M |
| Other Expenses | $29.50M | $- | $- | $39.01M | $-4.32M | $38.63M | $39.11M | $23.80M | $23.55M | $24.86M | $24.21M | $22.69M | $19.66M | $18.30M | $16.90M | $15.78M | $14.83M | $13.98M | $13.52M | $14.10M |
| Operating Expenses | $33.44M | $34.50M | $25.23M | $25.73M | $27.11M | $26.18M | $27.26M | $27.25M | $27.72M | $28.94M | $28.35M | $26.24M | $23.00M | $21.57M | $20.21M | $18.79M | $17.81M | $16.27M | $16.10M | $16.62M |
| Cost and Expenses | $47.57M | $41.97M | $38.80M | $42.37M | $42.26M | $41.93M | $42.95M | $43.20M | $41.95M | $43.43M | $42.15M | $40.32M | $36.23M | $33.60M | $31.15M | $30.21M | $27.87M | $26.33M | $25.12M | $25.63M |
| Interest Income | $1.32M | $-14.66M | $316.00K | $102.00K | $9.69M | $50.00K | $9.58M | $9.54M | $8.91M | $8.98M | $- | $- | $- | $- | $29.00K | $43.00K | $4.62M | $4.54M | $4.90M | $4.87M |
| Interest Expense | $7.45M | $10.36M | $9.73M | $9.70M | $- | $9.47M | $9.58M | $9.54M | $8.91M | $8.98M | $7.92M | $6.39M | $5.48M | $4.48M | $4.48M | $4.43M | $- | $- | $- | $- |
| Depreciation and Amortization | $20.71M | $21.01M | $21.35M | $22.37M | $22.79M | $22.88M | $23.42M | $23.80M | $23.55M | $24.86M | $24.21M | $22.69M | $19.66M | $18.30M | $16.90M | $15.78M | $14.08M | $13.64M | $13.08M | $13.55M |
| EBITDA | $181.04M | $30.91M | $31.24M | $30.22M | $29.14M | $30.71M | $30.37M | $30.00M | $28.93M | $29.22M | $27.67M | $25.03M | $23.13M | $18.30M | $16.90M | $15.78M | $16.27M | $14.72M | $14.10M | $14.15M |
| EBITDA Ratio | 380.58% | 59.60% | 64.16% | 60.37% | 57.38% | 61.72% | 60.86% | 60.73% | 61.13% | 61.14% | 60.66% | 58.48% | 58.00% | 55.79% | 54.91% | 52.90% | 55.03% | 53.74% | 54.21% | 54.89% |
| Operating Income | $- | $9.90M | $9.89M | $7.85M | $6.75M | $7.83M | $7.62M | $6.20M | $5.38M | $4.36M | $4.01M | $3.89M | $419.00K | $2.36M | $1.70M | $1.70M | $2.10M | $1.19M | $1.01M | $599.00K |
| Operating Income Ratio | 0.00% | 19.10% | 20.31% | 15.64% | 13.28% | 15.74% | 15.27% | 12.55% | 11.36% | 9.12% | 8.78% | 9.08% | 1.05% | 6.57% | 5.19% | 5.34% | 7.00% | 4.32% | 3.88% | 2.28% |
| Total Other Income Expenses Net | $152.59M | $-25.25M | $-8.56M | $-1.57M | $848.00K | $2.57M | $-9.58M | $-9.54M | $-8.91M | $-8.98M | $-7.92M | $-6.96M | $-5.07M | $-6.01M | $-5.68M | $-4.69M | $-4.64M | $-4.95M | $-4.90M | $-4.87M |
| Income Before Tax | $152.59M | $-15.35M | $1.33M | $6.29M | $9.38M | $10.40M | $-2.63M | $-3.34M | $-3.54M | $-4.63M | $-4.46M | $-4.47M | $-4.65M | $-3.65M | $-3.98M | $-2.98M | $-2.54M | $-3.76M | $-3.88M | $-4.27M |
| Income Before Tax Ratio | 320.76% | -29.58% | 2.73% | 12.51% | 18.46% | 20.90% | -5.28% | -6.75% | -7.47% | -9.68% | -9.79% | -10.44% | -11.67% | -10.15% | -12.12% | -9.35% | -8.48% | -13.67% | -14.86% | -16.29% |
| Income Tax Expense | $2.49M | $- | $- | $-6.12M | $8.00M | $-7.50M | $3.60M | $13.84M | $170.00K | $-55.00K | $-55.00K | $-60.00K | $-66.00K | $-57.00K | $-71.00K | $-65.00K | $-65.00K | $-130.00K | $-209.00K | $-245.00K |
| Net Income | $147.41M | $-15.69M | $1.31M | $6.22M | $9.28M | $10.29M | $-2.60M | $-17.18M | $-3.71M | $-4.57M | $-4.41M | $-4.41M | $-4.59M | $-3.59M | $-3.91M | $-2.92M | $-2.48M | $-3.63M | $-3.68M | $-4.03M |
| Net Income Ratio | 309.89% | -30.25% | 2.70% | 12.38% | 18.27% | 20.67% | -5.22% | -34.77% | -7.83% | -9.56% | -9.67% | -10.30% | -11.50% | -9.99% | -11.90% | -9.15% | -8.27% | -13.20% | -14.06% | -15.35% |
| EPS | $4.04 | $-0.35 | $0.03 | $0.14 | $0.20 | $0.17 | $-0.06 | $-0.40 | $-0.09 | $-0.11 | $-0.11 | $-0.12 | $-0.13 | $-0.11 | $-0.13 | $-0.11 | $-0.13 | $-0.19 | $-0.25 | $-0.28 |
| EPS Diluted | $4.04 | $-0.35 | $0.03 | $0.14 | $0.20 | $0.17 | $-0.06 | $-0.40 | $-0.09 | $-0.11 | $-0.11 | $-0.12 | $-0.13 | $-0.11 | $-0.13 | $-0.11 | $-0.13 | $-0.19 | $-0.25 | $-0.28 |
| Weighted Average Shares Outstanding | 36.23M | 45.01M | 44.99M | 44.94M | 44.88M | 44.06M | 42.65M | 42.60M | 42.57M | 41.13M | 39.11M | 36.23M | 34.69M | 32.30M | 29.35M | 27.20M | 18.38M | 19.63M | 14.65M | 14.39M |
| Weighted Average Shares Outstanding Diluted | 36.23M | 45.01M | 45.03M | 44.97M | 44.88M | 44.14M | 42.65M | 42.60M | 42.57M | 41.13M | 39.11M | 36.23M | 34.69M | 32.30M | 29.35M | 27.20M | 18.38M | 19.63M | 14.65M | 14.39M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $17.55M | $14.49M | $11.00M | $43.37M | $15.67M |
| Short Term Investments | $- | $- | $30.11M | $- | $- |
| Cash and Short Term Investments | $17.55M | $14.49M | $11.00M | $43.37M | $15.67M |
| Net Receivables | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- |
| Other Current Assets | $26.08M | $11.71M | $20.21M | $17.14M | $16.39M |
| Total Current Assets | $43.63M | $26.20M | $31.21M | $43.37M | $32.05M |
| Property Plant Equipment Net | $- | $4.83M | $5.70M | $6.55M | $7.16M |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $41.68M | $51.47M | $70.72M | $75.86M | $66.12M |
| Goodwill and Intangible Assets | $41.68M | $51.47M | $70.72M | $75.86M | $66.12M |
| Long Term Investments | $62.38M | $- | $30.11M | $5.83M | $6.68M |
| Tax Assets | $- | $- | $-35.82M | $-6.55M | $-7.16M |
| Other Non-Current Assets | $1.22B | $1.36B | $1.42B | $1.15B | $815.42M |
| Total Non-Current Assets | $1.32B | $1.42B | $1.49B | $1.23B | $888.22M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $1.37B | $1.44B | $1.52B | $1.27B | $920.27M |
| Account Payables | $83.83M | $67.71M | $72.55M | $66.88M | $49.34M |
| Short Term Debt | $20.00M | $19.57M | $77.50M | $- | $5.39M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-1.47M | $- | $-581.05M |
| Other Current Liabilities | $- | $1.44M | $-78.13M | $38.00M | $-14.68M |
| Total Current Liabilities | $103.83M | $88.72M | $150.05M | $66.88M | $139.34M |
| Long Term Debt | $626.02M | $849.51M | $839.12M | $684.09M | $514.98M |
| Deferred Revenue Non-Current | $- | $- | $998.09M | $767.29M | $581.05M |
| Deferred Tax Liabilities Non-Current | $- | $- | $19.95M | $22.25M | $24.31M |
| Other Non-Current Liabilities | $51.45M | $15.43M | $87.04M | $16.33M | $26.03M |
| Total Non-Current Liabilities | $677.47M | $864.94M | $848.04M | $700.41M | $441.72M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $781.30M | $953.66M | $998.09M | $767.29M | $581.05M |
| Preferred Stock | $- | $- | $46.84M | $142.91M | $135.69M |
| Common Stock | $454.00K | $452.00K | $428.00K | $361.00K | $253.00K |
| Retained Earnings | $-43.26M | $-182.61M | $-194.24M | $-177.26M | $-162.25M |
| Accumulated Other Comprehensive Income Loss | $17.52M | $20.23M | $29.74M | $-0 | $339.22M |
| Other Total Stockholders Equity | $604.84M | $644.94M | $635.07M | $532.67M | $360.75M |
| Total Stockholders Equity | $579.55M | $483.02M | $517.84M | $498.68M | $334.45M |
| Total Equity | $580.81M | $488.24M | $523.23M | $503.51M | $339.22M |
| Total Liabilities and Stockholders Equity | $1.37B | $1.44B | $1.52B | $1.27B | $920.27M |
| Minority Interest | $1.26M | $5.22M | $5.39M | $4.83M | $4.77M |
| Total Liabilities and Total Equity | $1.37B | $1.44B | $1.52B | $1.27B | $920.27M |
| Total Investments | $62.38M | $21.67M | $30.11M | $5.83M | $6.68M |
| Total Debt | $646.02M | $872.55M | $916.62M | $690.14M | $520.37M |
| Net Debt | $628.47M | $858.05M | $905.62M | $646.77M | $504.70M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $17.55M | $21.38M | $36.13M | $16.81M | $14.49M | $12.03M | $19.01M | $20.40M | $11.00M | $16.34M | $16.57M | $25.61M | $43.37M | $63.71M | $13.23M | $12.69M | $15.67M | $15.35M | $13.97M | $30.37M |
| Short Term Investments | $- | $- | $25.33M | $26.38M | $21.67M | $34.12M | $31.18M | $23.05M | $30.11M | $32.40M | $15.93M | $10.07M | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $17.55M | $21.38M | $48.88M | $16.81M | $14.49M | $12.03M | $19.01M | $20.40M | $11.00M | $16.34M | $16.57M | $25.61M | $43.37M | $63.71M | $13.23M | $12.69M | $15.67M | $15.35M | $13.97M | $30.37M |
| Net Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $26.08M | $220.84M | $12.58M | $36.81M | $11.71M | $18.24M | $19.51M | $18.04M | $20.21M | $19.91M | $19.50M | $16.66M | $17.14M | $15.23M | $16.09M | $15.48M | $16.39M | $14.29M | $15.27M | $11.37M |
| Total Current Assets | $43.63M | $233.10M | $36.13M | $27.24M | $26.20M | $30.27M | $38.52M | $38.43M | $31.21M | $36.25M | $36.07M | $42.27M | $43.37M | $78.94M | $29.31M | $28.16M | $32.05M | $29.64M | $29.25M | $41.74M |
| Property Plant Equipment Net | $- | $- | $4.64M | $1.27B | $4.83M | $5.05M | $5.27M | $5.49M | $5.70M | $5.92M | $6.13M | $6.34M | $6.55M | $6.76M | $6.97M | $6.97M | $795.56M | $703.79M | $664.38M | $665.19M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $41.68M | $44.46M | $42.43M | $46.40M | $51.47M | $56.32M | $60.30M | $66.11M | $70.72M | $76.67M | $82.77M | $84.98M | $75.86M | $68.70M | $64.51M | $68.92M | $66.12M | $58.69M | $57.33M | $62.25M |
| Goodwill and Intangible Assets | $41.68M | $44.46M | $42.43M | $46.40M | $51.47M | $56.32M | $60.30M | $66.11M | $70.72M | $76.67M | $82.77M | $84.98M | $75.86M | $68.70M | $64.51M | $68.92M | $66.12M | $58.69M | $57.33M | $62.25M |
| Long Term Investments | $62.38M | $- | $21.40M | $21.46M | $21.67M | $34.12M | $31.18M | $23.05M | $30.11M | $32.40M | $15.93M | $10.07M | $5.83M | $6.01M | $6.19M | $6.41M | $6.68M | $- | $- | $- |
| Tax Assets | $- | $- | $1.26B | $26.38M | $-26.50M | $-39.16M | $-36.45M | $-28.53M | $-35.82M | $-38.32M | $-22.06M | $-16.41M | $-6.55M | $-6.76M | $-6.97M | $-6.97M | $-795.56M | $- | $- | $- |
| Other Non-Current Assets | $1.22B | $- | $34.80M | $39.67M | $1.36B | $1.39B | $1.40B | $1.40B | $1.42B | $1.42B | $1.38B | $1.33B | $1.15B | $968.79M | $869.82M | $858.33M | $815.42M | $14.70M | $13.70M | $22.09M |
| Total Non-Current Assets | $1.32B | $44.46M | $1.36B | $1.41B | $1.42B | $1.45B | $1.46B | $1.47B | $1.49B | $1.49B | $1.46B | $1.42B | $1.23B | $1.04B | $940.51M | $933.67M | $888.22M | $777.18M | $735.40M | $749.53M |
| Other Assets | $- | $1.22B | $25.33M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.37B | $1.50B | $1.42B | $1.44B | $1.44B | $1.48B | $1.50B | $1.51B | $1.52B | $1.53B | $1.50B | $1.46B | $1.27B | $1.12B | $969.83M | $961.83M | $920.27M | $806.82M | $764.65M | $791.27M |
| Account Payables | $83.83M | $83.40M | $67.49M | $68.05M | $73.90M | $75.11M | $70.49M | $70.74M | $72.55M | $74.70M | $70.84M | $64.15M | $66.88M | $61.07M | $55.28M | $52.04M | $49.34M | $45.49M | $42.60M | $42.54M |
| Short Term Debt | $20.00M | $196.76M | $18.08M | $- | $155.40M | $- | $- | $- | $77.50M | $- | $- | $- | $- | $- | $- | $98.00M | $5.39M | $- | $81.00M | $81.00M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $-1.44M | $-128.59M | $-735.00K | $-1.10M | $-1.47M | $-363.00K | $-723.00K | $-1.08M | $-104.88M | $-395.00K | $-55.28M | $-52.04M | $-49.34M | $- | $-401.00K | $-515.00K |
| Other Current Liabilities | $- | $-364.00K | $-4.75M | $13.98M | $-140.59M | $122.53M | $-5.59M | $-5.49M | $-78.13M | $-10.49M | $-6.62M | $-6.51M | $38.00M | $-9.91M | $-8.87M | $-105.95M | $-14.68M | $-7.95M | $-88.75M | $-88.67M |
| Total Current Liabilities | $103.83M | $279.80M | $80.81M | $223.45M | $229.30M | $140.11M | $157.99M | $158.24M | $150.05M | $142.20M | $111.34M | $233.15M | $66.88M | $61.07M | $123.28M | $150.04M | $139.34M | $45.49M | $112.70M | $141.64M |
| Long Term Debt | $626.02M | $627.47M | $863.52M | $871.46M | $717.15M | $892.80M | $923.61M | $925.19M | $839.12M | $907.87M | $882.18M | $862.66M | $684.09M | $586.17M | $496.13M | $429.26M | $514.98M | $411.00M | $386.25M | $416.37M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $51.45M | $147.50M | $-2.86M | $-8.21M | $147.79M | $-115.92M | $12.77M | $13.50M | $87.04M | $20.10M | $16.96M | $17.43M | $16.33M | $19.59M | $18.79M | $116.78M | $26.03M | $17.01M | $18.79M | $-9.58M |
| Total Non-Current Liabilities | $677.47M | $774.97M | $860.66M | $721.83M | $724.35M | $834.41M | $843.28M | $845.73M | $848.04M | $849.98M | $852.01M | $704.59M | $700.41M | $595.85M | $438.06M | $440.08M | $441.72M | $420.06M | $405.04M | $406.80M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $781.30M | $1.05B | $941.48M | $945.28M | $953.66M | $974.52M | $1.00B | $1.00B | $998.09M | $992.18M | $963.36M | $937.74M | $767.29M | $656.93M | $561.34M | $590.12M | $581.05M | $465.55M | $517.74M | $548.44M |
| Preferred Stock | $- | $- | $- | $- | $1.44B | $1.48B | $46.80M | $46.80M | $46.84M | $47.25M | $96.80M | $144.41M | $142.91M | $141.10M | $139.30M | $137.49M | $135.69M | $134.22M | $132.37M | $130.51M |
| Common Stock | $454.00K | $454.00K | $454.00K | $453.00K | $452.00K | $452.00K | $431.00K | $403.00K | $428.00K | $428.00K | $401.00K | $370.00K | $361.00K | $343.00K | $310.00K | $283.00K | $253.00K | $247.00K | $159.00K | $148.00K |
| Retained Earnings | $-43.26M | $-190.68M | $-175.07M | $-176.39M | $-182.61M | $-191.88M | $-200.15M | $-197.54M | $-194.24M | $-190.73M | $-186.10M | $-181.67M | $-177.26M | $-172.67M | $-169.08M | $-165.17M | $-162.25M | $-159.74M | $-156.11M | $-152.43M |
| Accumulated Other Comprehensive Income Loss | $17.52M | $11.97M | $25.00M | $25.86M | $20.23M | $33.70M | $30.79M | $22.75M | $29.74M | $32.00M | $15.72M | $9.93M | $-0 | $-141.10M | $-139.30M | $-137.49M | $-135.69M | $-134.22M | $-132.37M | $-130.51M |
| Other Total Stockholders Equity | $604.84M | $614.72M | $624.81M | $634.65M | $644.94M | $654.35M | $616.41M | $624.94M | $635.07M | $644.45M | $604.01M | $542.52M | $532.67M | $492.00M | $434.16M | $394.52M | $360.75M | $364.56M | $265.77M | $258.40M |
| Total Stockholders Equity | $579.55M | $436.46M | $475.19M | $484.57M | $483.02M | $496.61M | $494.29M | $497.36M | $517.84M | $533.40M | $530.83M | $515.57M | $498.68M | $460.78M | $404.69M | $367.13M | $334.45M | $339.29M | $242.20M | $236.64M |
| Total Equity | $587.12M | $441.64M | $480.32M | $489.86M | $488.24M | $501.99M | $499.38M | $502.49M | $523.23M | $538.96M | $536.13M | $520.49M | $503.51M | $465.51M | $408.49M | $371.71M | $339.22M | $341.27M | $246.91M | $242.83M |
| Total Liabilities and Stockholders Equity | $1.37B | $1.50B | $1.42B | $1.44B | $1.44B | $1.48B | $1.50B | $1.51B | $1.52B | $1.53B | $1.50B | $1.46B | $1.27B | $1.12B | $969.83M | $961.83M | $920.27M | $806.82M | $764.65M | $791.27M |
| Minority Interest | $7.57M | $5.18M | $5.13M | $5.29M | $5.22M | $5.38M | $5.09M | $5.13M | $5.39M | $5.56M | $5.30M | $4.92M | $4.83M | $4.73M | $3.80M | $4.58M | $4.77M | $1.98M | $4.71M | $6.20M |
| Total Liabilities and Total Equity | $1.37B | $1.50B | $1.42B | $1.44B | $1.44B | $1.48B | $1.50B | $1.51B | $1.52B | $1.53B | $1.50B | $1.46B | $1.27B | $1.12B | $969.83M | $961.83M | $920.27M | $806.82M | $764.65M | $791.27M |
| Total Investments | $62.38M | $- | $46.72M | $47.84M | $21.67M | $34.12M | $31.18M | $23.05M | $30.11M | $32.40M | $15.93M | $10.07M | $5.83M | $6.01M | $6.19M | $6.41M | $6.68M | $- | $- | $- |
| Total Debt | $646.02M | $823.87M | $868.84M | $871.46M | $872.55M | $892.80M | $923.61M | $925.19M | $916.62M | $907.87M | $882.18M | $862.66M | $690.14M | $586.17M | $496.13M | $527.26M | $520.37M | $411.00M | $467.25M | $497.37M |
| Net Debt | $628.47M | $802.49M | $845.30M | $854.64M | $858.05M | $880.77M | $904.60M | $904.79M | $905.62M | $891.53M | $865.61M | $837.05M | $646.77M | $522.46M | $482.90M | $514.57M | $504.70M | $395.65M | $453.27M | $467.00M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $142.37M | $13.81M | $-17.10M | $-15.27M | $-14.46M |
| Depreciation and Amortization | $84.53M | $90.67M | $92.16M | $68.55M | $54.35M |
| Deferred Income Tax | $- | $- | $- | $4.72M | $433.00K |
| Stock Based Compensation | $4.20M | $2.97M | $2.60M | $1.56M | $1.44M |
| Change in Working Capital | $8.43M | $-3.24M | $-4.48M | $478.00K | $478.00K |
| Accounts Receivables | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $15.56M | $6.25M | $2.10M | $9.93M | $12.33M |
| Other Working Capital | $-7.13M | $-9.48M | $-6.58M | $-9.45M | $-11.85M |
| Other Non Cash Items | $-143.45M | $-22.33M | $-956.00K | $-2.10M | $-496.00K |
| Net Cash Provided by Operating Activities | $96.07M | $81.87M | $72.23M | $57.94M | $41.74M |
| Investments in Property Plant and Equipment | $- | $- | $-55.49M | $-25.31M | $-6.06M |
| Acquisitions Net | $- | $- | $252.36M | $356.08M | $-6.70M |
| Purchases of Investments | $-4.46M | $- | $-197.09M | $-337.03M | $-6.70M |
| Sales Maturities of Investments | $21.24M | $- | $222.00K | $6.26M | $6.06M |
| Other Investing Activities | $70.68M | $-79.00K | $-252.36M | $-356.08M | $-245.71M |
| Net Cash Used for Investing Activities | $87.46M | $-79.00K | $-252.36M | $-356.08M | $-259.12M |
| Debt Repayment | $-170.29M | $-45.36M | $168.31M | $130.61M | $120.93M |
| Common Stock Issued | $-540.00K | $49.47M | $58.18M | $212.03M | $135.16M |
| Common Stock Repurchased | $- | $-48.89M | $-16.73M | $-12.00K | $-416.00K |
| Dividends Paid | $-43.57M | $-41.93M | $-39.97M | $-31.48M | $-25.71M |
| Other Financing Activities | $48.29M | $-48.97M | $-18.55M | $-1.70M | $-3.35M |
| Net Cash Used Provided by Financing Activities | $-166.11M | $-86.80M | $167.97M | $309.46M | $227.03M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $17.42M | $-5.01M | $-12.16M | $11.32M | $9.66M |
| Cash at End of Period | $43.63M | $26.20M | $31.21M | $43.37M | $32.05M |
| Cash at Beginning of Period | $26.20M | $31.21M | $43.37M | $32.05M | $22.40M |
| Operating Cash Flow | $96.07M | $81.87M | $72.23M | $57.94M | $41.74M |
| Capital Expenditure | $- | $- | $-55.49M | $-25.31M | $-6.06M |
| Free Cash Flow | $96.07M | $81.87M | $16.73M | $32.63M | $35.68M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $150.10M | $-15.35M | $1.33M | $6.29M | $9.38M | $10.40M | $-2.63M | $-3.34M | $-3.54M | $-4.63M | $-4.46M | $-4.47M | $-4.65M | $-3.65M | $-3.98M | $-2.98M | $-2.54M | $-3.76M | $-3.88M | $-4.27M |
| Depreciation and Amortization | $20.71M | $20.71M | $21.05M | $22.05M | $22.39M | $22.46M | $22.75M | $23.07M | $23.03M | $24.32M | $23.66M | $21.14M | $19.15M | $17.82M | $16.29M | $15.28M | $14.08M | $13.64M | $13.08M | $13.55M |
| Deferred Income Tax | $- | $- | $- | $- | $-10.53M | $-12.04M | $- | $- | $- | $- | $- | $- | $4.63M | $178.00K | $-23.00K | $-70.00K | $122.00K | $311.00K | $- | $- |
| Stock Based Compensation | $1.08M | $1.09M | $1.11M | $914.00K | $838.00K | $827.00K | $716.00K | $585.00K | $1.10M | $518.00K | $538.00K | $442.00K | $340.00K | $340.00K | $461.00K | $418.00K | $383.00K | $324.00K | $383.00K | $349.00K |
| Change in Working Capital | $21.96M | $-4.24M | $-4.26M | $-5.03M | $-3.83M | $1.75M | $202.00K | $-1.37M | $-7.16M | $3.74M | $2.01M | $-3.08M | $6.26M | $-7.15M | $-1.04M | $2.40M | $-980.00K | $-183.00K | $4.76M | $-3.12M |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $15.78M | $- | $-1.35M | $-5.77M | $1.85M | $4.35M | $2.31M | $-2.25M | $-3.73M | $5.93M | $2.69M | $-2.79M | $5.63M | $1.54M | $1.92M | $843.00K | $3.31M | $1.30M | $2.75M | $4.97M |
| Other Working Capital | $6.18M | $-4.24M | $-2.91M | $-1.04M | $-5.67M | $-2.60M | $-2.10M | $886.00K | $-3.43M | $-2.19M | $-675.00K | $-286.00K | $636.00K | $-8.69M | $-2.96M | $1.56M | $-4.29M | $-1.49M | $2.01M | $-8.09M |
| Other Non Cash Items | $-151.82M | $15.34M | $633.00K | $423.00K | $365.00K | $354.00K | $-135.00K | $-344.00K | $-71.00K | $-754.00K | $-377.00K | $246.00K | $-2.34M | $384.00K | $107.00K | $-245.00K | $-94.00K | $-106.00K | $-77.00K | $-219.00K |
| Net Cash Provided by Operating Activities | $42.02M | $17.57M | $19.86M | $16.61M | $18.61M | $23.76M | $20.90M | $18.60M | $13.38M | $23.19M | $21.37M | $14.29M | $23.39M | $7.93M | $11.81M | $14.80M | $10.97M | $10.22M | $14.27M | $6.29M |
| Investments in Property Plant and Equipment | $- | $- | $-5.58M | $-3.76M | $-8.21M | $-8.02M | $-9.55M | $-8.97M | $-15.81M | $-22.22M | $-11.15M | $-6.32M | $-9.68M | $-7.91M | $-5.92M | $-1.80M | $89.00M | $- | $- | $-89.00M |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $60.07M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-16.81M | $-49.14M | $-131.13M | $-170.66M | $-90.35M | $-14.55M | $-61.47M | $-6.70M | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $21.00K | $16.44M | $18.23M | $- | $- | $- | $- | $222.00K | $- | $4.05M | $- | $- | $2.20M | $- | $- | $- | $- |
| Other Investing Activities | $175.66M | $-87.39M | $8.50M | $-3.74M | $1 | $10.21M | $-9.55M | $-8.97M | $-15.81M | $-39.03M | $-60.07M | $-137.45M | $-176.28M | $-98.26M | $-20.47M | $-61.07M | $-196.34M | $-52.80M | $-1.40M | $-1.87M |
| Net Cash Used for Investing Activities | $175.66M | $-87.39M | $2.93M | $-3.74M | $8.23M | $10.21M | $-9.55M | $-8.97M | $-15.81M | $-39.03M | $-60.07M | $-137.45M | $-176.28M | $-98.26M | $-20.47M | $-61.07M | $-114.04M | $-52.80M | $-1.40M | $-90.87M |
| Debt Repayment | $-187.92M | $21.76M | $-2.82M | $-1.31M | $-20.51M | $-31.16M | $-1.93M | $8.23M | $8.44M | $25.45M | $20.06M | $114.37M | $74.63M | $80.65M | $-31.34M | $6.67M | $107.69M | $-56.40M | $-30.29M | $99.93M |
| Common Stock Issued | $- | $- | $- | $-245.00K | $-34.00K | $48.25M | $1.25M | $-137.00K | $-140.00K | $16.81M | $24.38M | $17.12M | $51.65M | $69.29M | $48.58M | $42.51M | $7.32M | $104.49M | $12.54M | $10.81M |
| Common Stock Repurchased | $-540.00K | $- | $- | $- | $-19.00K | $-48.82M | $137.00K | $-43.00K | $-424.00K | $-15.89M | $-416.00K | $- | $- | $- | $- | $-12.00K | $- | $- | $- | $- |
| Dividends Paid | $-11.26M | $-11.01M | $-11.01M | $-10.29M | $-10.29M | $-10.48M | $-10.71M | $-10.45M | $-10.45M | $-10.24M | $-9.94M | $-9.34M | $-8.96M | $-8.29M | $-7.44M | $-6.79M | $-6.68M | $-4.96M | $-7.48M | $-6.59M |
| Other Financing Activities | $-8.42M | $56.70M | $- | $- | $-48.90M | $- | $-10.00K | $-60.00K | $-452.00K | $-16.00M | $-2.00M | $-101.00K | $-1.00K | $-1.69M | $- | $-12.00K | $-2.84M | $-155.00K | $-121.00K | $-234.00K |
| Net Cash Used Provided by Financing Activities | $-207.62M | $67.25M | $-13.90M | $-11.84M | $-30.91M | $-42.21M | $-11.26M | $-2.42M | $-2.61M | $16.03M | $32.50M | $122.05M | $117.32M | $139.96M | $9.80M | $42.38M | $105.48M | $42.98M | $-25.35M | $103.92M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-61.31M | $41.53M | $19.78M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $10.07M | $-2.57M | $8.89M | $1.03M | $-4.07M | $-8.24M | $85.00K | $7.22M | $-5.04M | $187.00K | $-6.20M | $-1.10M | $-35.57M | $49.63M | $1.15M | $-3.89M | $2.41M | $397.00K | $-12.49M | $19.34M |
| Cash at End of Period | $43.63M | $33.56M | $36.13M | $27.24M | $26.20M | $30.27M | $38.52M | $38.43M | $31.21M | $36.25M | $36.07M | $42.27M | $43.37M | $78.94M | $29.31M | $28.16M | $32.05M | $29.64M | $29.25M | $41.74M |
| Cash at Beginning of Period | $33.56M | $36.13M | $27.24M | $26.20M | $30.27M | $38.52M | $38.43M | $31.21M | $36.25M | $36.07M | $42.27M | $43.37M | $78.94M | $29.31M | $28.16M | $32.05M | $29.64M | $29.25M | $41.74M | $22.40M |
| Operating Cash Flow | $42.02M | $17.57M | $19.86M | $16.61M | $18.61M | $23.76M | $20.90M | $18.60M | $13.38M | $23.19M | $21.37M | $14.29M | $23.39M | $7.93M | $11.81M | $14.80M | $10.97M | $10.22M | $14.27M | $6.29M |
| Capital Expenditure | $- | $- | $-5.58M | $-3.76M | $-8.21M | $-8.02M | $-9.55M | $-8.97M | $-15.81M | $-22.22M | $-11.15M | $-6.32M | $-9.68M | $-7.91M | $-5.92M | $-1.80M | $89.00M | $- | $- | $-89.00M |
| Free Cash Flow | $42.02M | $17.57M | $14.29M | $12.85M | $10.40M | $15.74M | $11.35M | $9.63M | $-2.43M | $970.00K | $10.22M | $7.97M | $13.71M | $18.00K | $5.90M | $13.00M | $99.97M | $10.22M | $14.27M | $-82.71M |
Plymouth Industrial REIT Dividends
Explore Plymouth Industrial REIT's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
6.76%
Dividend Payout Ratio
31.27%
Dividend Paid & Capex Coverage Ratio
2.20x
Plymouth Industrial REIT Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.24 | $0.24 | March 31, 2025 | March 31, 2025 | April 30, 2025 | March 14, 2025 |
| $0.24 | $0.24 | December 31, 2024 | December 31, 2024 | January 31, 2025 | December 13, 2024 |
| $0.24 | $0.24 | September 30, 2024 | September 30, 2024 | October 31, 2024 | September 13, 2024 |
| $0.24 | $0.24 | June 28, 2024 | June 28, 2024 | July 31, 2024 | June 14, 2024 |
| $0.24 | $0.24 | March 27, 2024 | March 28, 2024 | April 30, 2024 | February 21, 2024 |
| $0.225 | $0.225 | December 28, 2023 | December 29, 2023 | January 31, 2024 | December 15, 2023 |
| $0.225 | $0.225 | September 28, 2023 | September 29, 2023 | October 31, 2023 | September 15, 2023 |
| $0.225 | $0.225 | June 29, 2023 | June 30, 2023 | July 31, 2023 | June 15, 2023 |
| $0.225 | $0.225 | March 30, 2023 | March 31, 2023 | April 28, 2023 | February 22, 2023 |
| $0.22 | $0.22 | December 29, 2022 | December 30, 2022 | January 31, 2023 | December 15, 2022 |
| $0.22 | $0.22 | September 29, 2022 | September 30, 2022 | October 31, 2022 | September 15, 2022 |
| $0.22 | $0.22 | June 29, 2022 | June 30, 2022 | July 29, 2022 | June 15, 2022 |
| $0.22 | $0.22 | March 30, 2022 | March 31, 2022 | April 29, 2022 | February 16, 2022 |
| $0.21 | $0.21 | December 30, 2021 | December 31, 2021 | January 31, 2022 | December 16, 2021 |
| $0.21 | $0.21 | September 29, 2021 | September 30, 2021 | October 29, 2021 | September 15, 2021 |
| $0.21 | $0.21 | June 29, 2021 | June 30, 2021 | July 30, 2021 | May 06, 2021 |
| $0.2 | $0.2 | March 30, 2021 | March 31, 2021 | April 30, 2021 | March 16, 2021 |
| $0.2 | $0.2 | December 30, 2020 | December 31, 2020 | January 29, 2021 | December 15, 2020 |
| $0.2 | $0.2 | September 29, 2020 | September 30, 2020 | October 30, 2020 | September 15, 2020 |
| $0.2 | $0.2 | June 29, 2020 | June 30, 2020 | July 31, 2020 | June 12, 2020 |
Plymouth Industrial REIT News
Read the latest news about Plymouth Industrial REIT, including recent articles, headlines, and updates.
Plymouth Industrial REIT Declares Dividend for the First Quarter of 2025
BOSTON, March 14, 2025 (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 $0.24 per share of common stock for the first quarter of 2025. The dividend, which equates to an annualized rate of $0.96 per common share, is payable on April 30, 2025, to stockholders of record as of the close of business on March 31, 2025.
Plymouth Industrial REIT Appoints Robert O. Stephenson to Board of Directors
BOSTON, March 13, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced the appointment of Robert O. Stephenson to its Board of Directors. He will serve as an independent director and will be a member of the Audit Committee.
Plymouth Industrial: High Yield And Value In Plain Sight
Plymouth Industrial REIT trades at a significant discount to peers, offering a compelling value opportunity with strong fundamentals and a 5.6% dividend yield. PLYM focuses on secondary markets within the high-demand "Golden Triangle" region, showing robust leasing activity and growing occupancy rates. It's substantially reduced its long-term debt over the past 2 years and carries a safe leverage ratio.
5 REITs Ripe For Buyout
M&A is beneficial for target shareholders, offering premiums of 10%-50%, and identifying potential buyout targets involves analyzing specific features like discount to NAV and valuation disparity. REITs trading below NAV, especially in hot asset classes, are prime M&A candidates. Willingness to sell, management incentives, and operational synergies are crucial factors in determining a company's likelihood of being acquired.
Plymouth Industrial REIT, Inc. (PLYM) Q4 2024 Earnings Conference Call Transcript
Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q4 2024 Earnings Conference Call February 27, 2025 9:00 AM ET Company Participants John Wilfong - IR Jeff Witherell - Chairman & CEO Anthony Saladino - EVP & CFO Conference Call Participants Eric Borden - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Rich Anderson - Wedbush Nick Thielman - Baird Mitch Germain - Citizens JMP Brendan Lynch - Barclays Michael Mueller - JPMorgan Operator Good morning and welcome to the Plymouth Industrial REIT Conference Call to review the Company's Results for the Fourth Quarter of 2024. All participants will be in listen-only mode.
Plymouth Industrial (PLYM) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for Plymouth Industrial (PLYM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Plymouth Industrial REIT Reports Fourth Quarter Results
BOSTON, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (–“Plymouth” or the “Company”) today announced its financial results for the fourth quarter, fiscal year ended December 31, 2024 and other recent developments. Fourth Quarter, Full Year 2024 and Subsequent Highlights Reported results for the fourth quarter of 2024 reflect net income attributable to common stockholders of $3.25 per weighted average common share; Core Funds from Operations attributable to common stockholders and unit holders (“Core FFO”) of $0.46 per weighted average common share and units; and Adjusted FFO (“AFFO”) of $0.40 per weighted average common share and units.
Plymouth Industrial REIT Executes Value-Add Initiatives in Recently Acquired Memphis Logistics Portfolio
BOSTON, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the sale of a 33,688-square-foot flex building in Memphis, TN to an end user at a price of $2.4 million. The building was part of a portfolio Plymouth acquired in July 2024 for $100.5 million.
Plymouth Industrial REIT Inks Lease at Key St. Louis Building
BOSTON, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced it has executed a two-year lease at its 769,500-square-foot Class A industrial building in the Metro East submarket of St. Louis that commenced on January 15, 2025. The lease is for 600,000 square feet during the first year and 450,000 square feet during the second year with a major international manufacturing, engineering, and logistics service provider.
CORRECTING and REPLACING -- Plymouth Industrial REIT Announces Tax Treatment of 2024 Dividends
BOSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the tax treatment of its 2024 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, 2024:
Plymouth Industrial REIT Announces Tax Treatment of 2024 Dividends
BOSTON, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the tax treatment of its 2024 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, 2024:
Plymouth Industrial REIT Provides Activity Update for Fourth Quarter 2024
BOSTON, Jan. 10, 2025 (GLOBE NEWSWIRE) -- —(January 10, 2025) Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company” or “Plymouth”) provided an activity update for the fourth quarter of 2024. The Company also announced details for its fourth quarter earnings conference call and webcast to be held on February 27, 2025.
Innovative Industrial's Business Model Fails, While Plymouth Shows Resilience
Plymouth Industrial REIT, Inc. is a strong industrial REIT with a durable business model, trading at a discounted AFFO multiple and well below NAV. Innovative Industrial Properties, Inc. faces significant tenant difficulties, with high rent per foot and risky tenant investment strategy leading to potential long-term vacancies or reduced rents. PLYM's tenant defaults are minor and have led to higher replacement rents, showcasing robust asset underwriting and a focus on quality real estate.
Plymouth Industrial REIT Declares Dividend for the Fourth Quarter of 2024
BOSTON, Dec. 13, 2024 (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 $0.24 per share of common stock for the fourth quarter of 2024. The dividend, which equates to an annualized rate of $0.96 per common share, is payable on January 31, 2025, to stockholders of record as of the close of business on December 31, 2024.
Sector Spotlight: Industrial REITs - Still A Real Estate Darling?
The industrial REIT sector has seen significant price corrections due to changing macroeconomic factors, making current pricing more investible. Investor enthusiasm has waned, reflected in falling AFFO multiples from 35.5x in 2021 to 20.5x recently. Despite strong demand, new supply has suppressed rent growth and occupancy, leading to tepid SSNOI growth.
Undercovered Dozen: Canadian Solar, Plymouth Industrial, GameStop, Samsara +
The 'Undercovered' Dozen highlights 12 lesser-covered stocks, showcasing diverse investment opportunities and sparking community discussion on their potential. Canadian Solar's shift to owning power plants is seen as ensuring consistent profits from electricity sales, mitigating manufacturing volatility and boosting future profitability. Plymouth Industrial REIT faces challenges with earnings misses and competitive disadvantages, making it less attractive compared to other industrial and retail REITs according to David Johnson.
Plymouth Industrial: Too Risky To Own
Despite some positive deals, Plymouth's high volatility, tenant issues, and underperformance compared to peers make it less attractive for income-seeking investors. Plymouth's smaller size makes it vulnerable to short-term shocks and outbidding by larger competitors, impacting its stability and growth potential. I rate PLYM stock as a Sell due to a Q3 earnings miss, size disadvantages, and better alternatives in the industrial REIT space.
AIP Realty Trust Announces Securities Purchase Agreement to Acquire AllTrades Industrial Properties, LLC and Closing of Investment by Plymouth Industrial OP, LP, a subsidiary of Plymouth Industrial REIT, Inc.
VANCOUVER, British Columbia, Nov. 14, 2024 (GLOBE NEWSWIRE) -- AIP Realty Trust (the “Trust” or “AIP”) (TSXV: AIP.U) today announces that it, through its subsidiary AIP OP, LP (“OP LP”), has entered into a securities purchase agreement (the “Securities Purchase Agreement”) with 2024 ATIP, Inc. (“ATIP”) pursuant to which the Trust proposes to acquire (the “AllTrades Transaction”) all of the issued and outstanding membership interests (“Membership Interests”) of AllTrades Industrial Properties, LLC (“AllTrades”). OP LP is a Delaware limited partnership of which AIP Realty USA, Inc. (the “REIT”), a subsidiary of the Trust, serves as general partner. Pursuant to the AllTrades Transaction, among other things, OP LP will acquire all of the Membership Interests, the consideration for which is expected to be comprised of the following:
Plymouth Industrial REIT, Inc. (PLYM) Q3 2024 Earnings Call Transcript
Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations Jeff Witherell - Chairman & Chief Executive Officer Anthony Saladino - Executive Vice President & Chief Financial Officer Jim Connolly - Executive Vice President, Asset Management Conference Call Participants Mitch Germain - Citizens JMP Rich Anderson - Wedbush John Kim - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Brendan Lynch - Barclays Anthony Howe - Truist Securities Operator Good morning, and welcome to the Plymouth Industrial REIT Conference Call to review the company's Results for the Third Quarter of 2024. All participants will be in listen-only mode.
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