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)
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)
3 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
4 - Plymouth Industrial REIT, Inc. (0001515816) (Issuer)
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)
8-K - Plymouth Industrial REIT, Inc. (0001515816) (Filer)
10-Q - 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)
8-K - Plymouth Industrial REIT, Inc. (0001515816) (Filer)
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.
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: Record DatePayment DateTotal Cash Distribution Per ShareTotal Distribution Allocable to 2024Ordinary Dividend Per ShareCapital Gain Distribution Per ShareUnrecaptured Sec. 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$0.2400
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. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "We had a strong finish to 2024 with cash rental rate increases of 17.4% for the year in our Consolidated Portfolio, the closing of the Sixth Street Joint Venture and the acquisition of the first phase of a new industrial portfolio in Cincinnati." Leasing ActivityLeases commencing during the f
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. About Plymouth Plymouth 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
BOSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its financial results for the third quarter ended September 30, 2024, and other recent developments. Third Quarter and Subsequent Highlights Reported results for the third quarter of 2024 reflect net loss attributable to common stockholders of $(0.35) 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 $0.40 per weighted average common share and units.Same store NOI ("SS NOI") decreased 1.2% on a GAAP basis exclu
BOSTON, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) provided an activity update for the third quarter of 2024. The Company also announced details for its third quarter earnings conference call and webcast to be held on November 7, 2024. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "We have addressed 74% of our 2024 lease expirations and 39% of our 2025 lease expirations, while bringing the development program to 100% leased. We are seeing encouraging activity on our top leasing opportunities in our largest markets and expect to report additional progress during the balance of the year." Leasing ActivityLeases commencing durin
BOSTON, Sept. 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 third quarter of 2024. The dividend, which equates to an annualized rate of $0.96 per common share, is payable on October 31, 2024, to stockholders of record as of the close of business on September 30, 2024. About Plymouth Plymouth 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
Highlights: The transaction provides Plymouth with approximately $500 million of capital to pursue acquisitionsSixth Street intends to be a strategic partner in pursuing additional joint venture opportunities with Plymouth in both new and existing industrial marketsSixth Street to provide a total of $250 million of capital in the form of a 65% joint venture ownership of Plymouth's Chicago portfolio and a non-convertible preferred equity investment into the Operating PartnershipPlymouth will contribute its Chicago-area properties to the joint venture with Sixth Street at a 6.2% capitalization rate for a total gross asset value of approximately $356 million and will retain 35% ownership of th
BOSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its financial results for the second quarter ended June 30, 2024, and other recent developments. Second Quarter and Subsequent Highlights Reported results for the second quarter of 2024 reflect net income attributable to common stockholders of $0.03 per weighted average common share; Core Funds from Operations attributable to common stockholders and unit holders ("Core FFO") of $0.48 per weighted average common share and units; and Adjusted FFO ("AFFO") of $0.49 per weighted average common share and units.Same store NOI ("SS NOI") increased 3.3% on a GAAP basis excludi
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
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, 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. At the time of acquisition, Plymouth targeted this building for divesture as it represented a non-core asset leased on a short-term basis to a tenant known to be vacating at its scheduled lease expiration in December 2024. The sale proceeds will be retained within the portfolio to fund leasing activities and the ongoing conversion of a 100,000-square-foot call center building back to its original warehouse
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. 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. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "We are pleased to execute a two-year lease for our St. Louis property at a rate higher than recent signings in the market, reflecting the superior quality of the asset.
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.
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: Record DatePayment DateTotal Cash Distribution Per ShareTotal Distribution Allocable to 2024Ordinary Dividend Per ShareCapital Gain Distribution Per ShareUnrecaptured Sec. 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$0.2400
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. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "We had a strong finish to 2024 with cash rental rate increases of 17.4% for the year in our Consolidated Portfolio, the closing of the Sixth Street Joint Venture and the acquisition of the first phase of a new industrial portfolio in Cincinnati." Leasing ActivityLeases commencing during the f
BOSTON, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced it has acquired a portfolio of primarily small bay industrial properties in Cincinnati, Ohio for $20.1 million, which equates to an anticipated initial NOI yield of 6.8%. The portfolio consists of nine buildings totaling 258,082 square feet that are currently 96.9% leased to 23 tenants with a weighted average lease term of approximately 2.75 years. The Company has a second tranche of this portfolio that is under contract for $17.9 million, which equates to an anticipated initial yield of 7.3%, and is expected to close in the first quarter of 2025, contingent on the satisfac
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. About Plymouth Plymouth 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
BOSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its financial results for the third quarter ended September 30, 2024, and other recent developments. Third Quarter and Subsequent Highlights Reported results for the third quarter of 2024 reflect net loss attributable to common stockholders of $(0.35) 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 $0.40 per weighted average common share and units.Same store NOI ("SS NOI") decreased 1.2% on a GAAP basis exclu
BOSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced it has entered into a $600 million amended and restated unsecured credit facility that provides expanded borrowing capacity, extended maturities and enhanced ability to pursue other unsecured debt. The new unsecured credit facility is comprised of: A revolving credit facility that expanded from $350 million to $500 million, matures in November 2028 (compared with August 2025 previously) and has one, one-year extension option, subject to certain conditions; andA $100 million term loan that that now matures in November 2028 (compared with August 2026 previously) and has one,