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.
IPO Year: 2017
Exchange: NYSE
Website: plymouthreit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/17/2025 | Buy → Hold | Truist | |
| 11/8/2024 | $23.00 | Outperform → Neutral | Exane BNP Paribas |
| 3/27/2024 | $22.00 | Equal Weight | Barclays |
| 1/22/2024 | $27.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 12/18/2023 | $23.00 → $25.00 | Neutral → Underweight | JP Morgan |
| 5/18/2023 | $25.00 | Neutral → Outperform | Exane BNP Paribas |
| 4/13/2023 | $23.00 | Neutral | JP Morgan |
| 5/18/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 3/2/2022 | $32.00 | Buy | B. Riley Securities |
| 2/7/2022 | $30.00 | Market Perform | BMO Capital |
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
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. Mr. Stephenson is the Chief Financial Officer of Omega Healthcare Investors, Inc., (NYSE:OHI) and has served in this capacity since August 2001. From 1996 to July 2001, Mr. Stephenson served as the Senior Vice President and Treasurer of Integrated Health Services, Inc. (NYSE:IHS). Prior to joining Integrated Health Services, Inc., he held various positions at CSX Intermodal, Inc., Martin Marietta Corporation and Electron
BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced it has appointed John W. Guinee III to the Board of Directors. Mr. Guinee will serve as an independent director and will be a member of the Company’s Audit Committee. Mr. Guinee was most recently Managing Director at Stifel, where he covered over 40 REITs in the office, industrial, multifamily and diversified property sectors. During his 15-year career as a sell-side analyst, he led the creation of new valuation methods for REITs, including estimating premiums and discounts to replacement cost and estimating the value creation of REITs over time. Prior to that time, he was Executive Vice President and Ch
BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT, Inc. (NYSE: PLYM) today announced that the Company’s board of directors 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 2020. The dividend is payable on December 31, 2020, to stockholders of record on December 15, 2020. About Plymouth 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 prim
SC 13G - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SC 13G/A - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SC 13G/A - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SC 13G/A - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SC 13G/A - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SC 13G/A - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SC 13G/A - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SC 13G/A - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SC 13G - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SC 13G - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
BOSTON, July 08, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company" or "Plymouth") provided an activity update for the second quarter of 2025. The Company also announced details for its second quarter earnings conference call and webcast to be held on August 7, 2025. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "Our second quarter activity demonstrates the continued success of our strategy to redeploy capital into accretive opportunities while driving strong leasing momentum across the portfolio. We expect recent acquisitions to provide immediate scale in key markets at attractive yields, with embedded upside as we address belo
BOSTON, June 23, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company" or "Plymouth") today announced the acquisition of a 1.95-million-square-foot portfolio of industrial properties located across Columbus, Cincinnati, and Cleveland, Ohio for a total purchase price of $193.0 million. The 21-building portfolio comprises highly functional industrial assets with strong infill locations and desirable physical features including high clear heights, ample truck loading, updated lighting, and modern office finishes. The portfolio is currently 97% leased to 75 tenants with a weighted average remaining lease term of 2.47 years. In-place rents are approximately 22% bel
BOSTON, June 16, 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 second quarter of 2025. The dividend, which equates to an annualized rate of $0.96 per common share, is payable on July 31, 2025, to stockholders of record as of the close of business on June 30, 2025. About PlymouthPlymouth Industrial REIT, Inc. (NYSE:PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide te
BOSTON, May 28, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced the acquisition of a 100,420-square-foot single-tenant warehouse facility in southwest Atlanta, GA for $11.7 million, representing an initial net operating income ("NOI") yield of 6.95%. The property is fully leased through May 2030 to a leading consumer self-care products and solutions provider. The lease is triple net and features 3.0% annual rent escalations. Built in 2014, the modern facility features tilt-wall construction, 30-foot clear heights, and 100% air conditioning / climate control – features essential to the tenant's operation. This acquisition complements the
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 $0.44 per weighted average common share and units; and Adjusted FFO ("AFFO") of $0.41 per weighted average common share and units.Same store NOI ("SS NOI") increased 1.1% on a GAAP ba
BOSTON, April 07, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company" or "Plymouth") provided an activity update for the first quarter of 2025. The Company also announced details for its first quarter earnings conference call and webcast to be held on May 2, 2025. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "Our strong leasing activity in the first quarter underscores the continued demand for well-located, functional industrial space across our markets. Additionally, our acquisition activity remains disciplined and strategic, as we continue to expand our footprint in key logistics hubs with assets that we expect will offer imme
BOSTON, March 20, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced it has acquired the second tranche of the previously announced Cincinnati small bay industrial portfolio consisting of four buildings totaling 240,578 square feet for $17.9 million, representing an initial estimated net operating income ("NOI") yield of 7.0%. The portfolio is 100% leased to ten tenants, with a weighted average remaining lease term of 3.5 years. The Company also acquired a 263,000-square-foot warehouse facility in Cincinnati for $23.3 million, equating to an initial estimated NOI yield of 6.7%. The facility is 100% leased to a single tenant with a remaining
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. About PlymouthPlymouth Industrial REIT, Inc. (NYSE:PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide
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. Mr. Stephenson is the Chief Financial Officer of Omega Healthcare Investors, Inc., (NYSE:OHI) and has served in this capacity since August 2001. From 1996 to July 2001, Mr. Stephenson served as the Senior Vice President and Treasurer of Integrated Health Services, Inc. (NYSE:IHS). Prior to joining Integrated Health Services, Inc., he held various positions at CSX Intermodal, Inc., Martin Marietta Corporation and Electron
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. Reported results for
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
Truist downgraded Plymouth Industrial REIT from Buy to Hold
Exane BNP Paribas downgraded Plymouth Industrial REIT from Outperform to Neutral and set a new price target of $23.00
Barclays initiated coverage of Plymouth Industrial REIT with a rating of Equal Weight and set a new price target of $22.00
JMP Securities upgraded Plymouth Industrial REIT from Mkt Perform to Mkt Outperform and set a new price target of $27.00
JP Morgan downgraded Plymouth Industrial REIT from Neutral to Underweight and set a new price target of $25.00 from $23.00 previously
Exane BNP Paribas upgraded Plymouth Industrial REIT from Neutral to Outperform and set a new price target of $25.00
JP Morgan initiated coverage of Plymouth Industrial REIT with a rating of Neutral and set a new price target of $23.00
JMP Securities downgraded Plymouth Industrial REIT from Mkt Outperform to Mkt Perform
B. Riley Securities resumed coverage of Plymouth Industrial REIT with a rating of Buy and set a new price target of $32.00
BMO Capital initiated coverage of Plymouth Industrial REIT with a rating of Market Perform and set a new price target of $30.00
S-8 - Plymouth Industrial REIT, Inc. (0001515816) (Filer)
8-K - Plymouth Industrial REIT, Inc. (0001515816) (Filer)
8-K - Plymouth Industrial REIT, Inc. (0001515816) (Filer)
8-K - Plymouth Industrial REIT, Inc. (0001515816) (Filer)
SCHEDULE 13G/A - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SCHEDULE 13G/A - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
SCHEDULE 13G/A - Plymouth Industrial REIT, Inc. (0001515816) (Subject)
10-Q - Plymouth Industrial REIT, Inc. (0001515816) (Filer)
8-K - Plymouth Industrial REIT, Inc. (0001515816) (Filer)
DEFA14A - Plymouth Industrial REIT, Inc. (0001515816) (Filer)
BOSTON, July 08, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company" or "Plymouth") provided an activity update for the second quarter of 2025. The Company also announced details for its second quarter earnings conference call and webcast to be held on August 7, 2025. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "Our second quarter activity demonstrates the continued success of our strategy to redeploy capital into accretive opportunities while driving strong leasing momentum across the portfolio. We expect recent acquisitions to provide immediate scale in key markets at attractive yields, with embedded upside as we address belo
BOSTON, June 23, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company" or "Plymouth") today announced the acquisition of a 1.95-million-square-foot portfolio of industrial properties located across Columbus, Cincinnati, and Cleveland, Ohio for a total purchase price of $193.0 million. The 21-building portfolio comprises highly functional industrial assets with strong infill locations and desirable physical features including high clear heights, ample truck loading, updated lighting, and modern office finishes. The portfolio is currently 97% leased to 75 tenants with a weighted average remaining lease term of 2.47 years. In-place rents are approximately 22% bel
BOSTON, June 16, 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 second quarter of 2025. The dividend, which equates to an annualized rate of $0.96 per common share, is payable on July 31, 2025, to stockholders of record as of the close of business on June 30, 2025. About PlymouthPlymouth Industrial REIT, Inc. (NYSE:PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide te
BOSTON, May 28, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced the acquisition of a 100,420-square-foot single-tenant warehouse facility in southwest Atlanta, GA for $11.7 million, representing an initial net operating income ("NOI") yield of 6.95%. The property is fully leased through May 2030 to a leading consumer self-care products and solutions provider. The lease is triple net and features 3.0% annual rent escalations. Built in 2014, the modern facility features tilt-wall construction, 30-foot clear heights, and 100% air conditioning / climate control – features essential to the tenant's operation. This acquisition complements the
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 $0.44 per weighted average common share and units; and Adjusted FFO ("AFFO") of $0.41 per weighted average common share and units.Same store NOI ("SS NOI") increased 1.1% on a GAAP ba
BOSTON, April 07, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company" or "Plymouth") provided an activity update for the first quarter of 2025. The Company also announced details for its first quarter earnings conference call and webcast to be held on May 2, 2025. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "Our strong leasing activity in the first quarter underscores the continued demand for well-located, functional industrial space across our markets. Additionally, our acquisition activity remains disciplined and strategic, as we continue to expand our footprint in key logistics hubs with assets that we expect will offer imme
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. About PlymouthPlymouth Industrial REIT, Inc. (NYSE:PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide
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. Reported results for
Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b
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: Record DatePaymentDateTotal CashDistributionPer ShareTotalDistributionAllocable to2024OrdinaryDividendPer ShareCapital GainDistributionPer ShareUnrecapturedSec. 1250 GainReturn of Capital Per Share 3/28/20244/30/2024$0.240000$0.240000$0.000000$0.240000$0.115735$0.0000006/28/20247/31/2024$0.240000$0.240000$0.000000$0.240000$0.