PLYM - Earnings announcements

BOSTON, Oct. 24, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company" or "Plymouth") today announced that it has entered into a definitive merger agreement (the "Merger Agreement") under which entities affiliated with Makarora Management LP ("Makarora"), along with Ares Alternative Credit funds ("Ares"), will acquire all outstanding shares of Plymouth's common stock and all outstanding limited partnership interests of Plymouth Industrial OP, LP for $22.00 per share, in an all-cash transaction valued at approximately $2.1 billion, including the assumption of certain outstanding debt. The purchase price represents a premium of approximately 50% to Plymouth's un

BOSTON, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) ("Plymouth" or the "Company") today announced its financial results for the second quarter ended June 30, 2025 and other recent developments. Second Quarter and Subsequent Highlights Reported results for the second quarter of 2025 reflect net loss attributable to common stockholders of ($0.14) 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 $0.44 per weighted average common share and units.Same store net operating income ("SS NOI") increased 6.

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, 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, 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

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, 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, 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

BOSTON, July 08, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing and development activity for the second quarter of 2024. The Company also announced details for its second quarter earnings conference call and webcast to be held on August 1, 2024. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "Leasing is an important component of our organic growth, and we have continued to execute on our opportunities for both 2024 and 2025. We have addressed many of our top 10 renewals coming up over the next couple of years, have strong prospects on our largest opportunity and expect to bring our development program to 100% leased."

BOSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its financial results for the first quarter ended March 31, 2024, and other recent developments. First Quarter and Subsequent Highlights Reported results for the first quarter of 2024 reflect net income attributable to common stockholders of $0.14 per weighted average common share; Core Funds from Operations attributable to common stockholders and unit holders ("Core FFO") of $0.45 per weighted average common share and units; and Adjusted FFO ("AFFO") of $0.45 per weighted average common share and units.Same store NOI ("SS NOI") increased 2.9% on a GAAP basis excluding earl

BOSTON, April 02, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing and development activity for the first quarter of 2024. The Company also announced details for its first quarter earnings conference call and webcast to be held on May 2, 2024. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "We continue to make progress on our 2024 leasing opportunities with a 17.1% increase on a cash basis for the quarter, nearly 56% of our 2024 expirations already addressed and our development program now 93% leased." Leasing ActivityLeases commencing during the first quarter ended March 31, 2024 totaled an aggregate of 1,387,977 squar

BOSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its financial results for the fourth quarter and year ended December 31, 2023 and other recent developments. Fourth Quarter, Full Year 2023 and Subsequent Highlights Reported results for the fourth quarter of 2023 reflect net income attributable to common stockholders of $0.20 per weighted average common share; Core Funds from Operations attributable to common stockholders and unit holders ("Core FFO") of $0.47 per weighted average common share and units; and Adjusted FFO ("AFFO") of $0.48 per weighted average common share and units. Reported results for the full year 2023

BOSTON, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing, development and disposition activity for the fourth quarter of 2023. The Company also announced details for its fourth quarter earnings conference call and webcast to be held on February 22, 2024. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "The Golden Triangle is creating new opportunities for us to leverage our leasing and asset management expertise with cash rent increases and development lease up consistent with our expectations. The ability to capture strong returns with $37 million of select dispositions accelerated our plans to reduce debt in 20

BOSTON, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its financial results for the third quarter ended September 30, 2023 and other recent developments. Third Quarter and Subsequent Highlights Reported results for the third quarter of 2023 reflect net income attributable to common stockholders of $0.17 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 $0.42 per weighted average common share and units.Same store NOI ("SS NOI") increased 0.8% on a GAAP basis excluding

BOSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing and development activity for the third quarter of 2023. The Company also announced details for its third quarter earnings conference call and webcast to be held on November 2, 2023. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "The fundamentals within our markets provide a continued tailwind to our strong new, renewal and development leasing. We are signing leases consistent with our 18% to 20% mark-to-market in the portfolio and have already addressed nearly one-third of our 2024 expirations. Although tenants are taking longer on new developments, we ar

BOSTON, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its financial results for the second quarter ended June 30, 2023 and other recent developments. Second Quarter and Subsequent Highlights Reported results for the second quarter of 2023 reflect a net loss attributable to common stockholders of $(0.08) 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 $0.42 per weighted average common share and units.Same store NOI ("SS NOI") increased 3.5% on a GAAP basis excluding

BOSTON, July 06, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing activity for the second quarter of 2023. The Company also announced senior management team promotions and details for its second quarter earnings conference call and webcast to be held on August 3, 2023. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "As evidenced by the strong leasing results we have reported again this quarter and the continued progress on our development program and balance sheet, Plymouth possesses a deep bench, a wealth of real estate experience on our senior management team and a commitment across the entire organization to deliver e

BOSTON, May 04, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its financial results for the first quarter ended March 31, 2023 and other recent developments. First Quarter and Subsequent Highlights Reported results for the first quarter of 2023 reflect a net loss attributable to common stockholders of $(0.10) per weighted average common share; Core Funds from Operations attributable to common stockholders and unit holders ("Core FFO") of $0.45 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") increased 3.6% on a GAAP bas

BOSTON, April 06, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing activity for the first quarter of 2023. The Company also announced details for its first quarter earnings conference call and webcast to be held on May 4, 2023. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "Capturing the embedded value in our portfolio from the significant mark-to-market opportunity and leasing our new development projects are two of the primary drivers of our growth this year. Our asset management and property management teams continue to deliver great results. Having already addressed over 66% of the leases scheduled to expire in 2023

Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its financial results for the fourth quarter ended December 31, 2022 and other recent developments. Fourth Quarter and Subsequent Highlights Reported results for the fourth quarter of 2022 reflect a net loss attributable to common stockholders of $(0.11) 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 $0.42 per weighted average common share and units. Same store NOI ("SS NOI") increased 6.5% on a GAAP basis excluding early termination income for the fo

  Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing activity for the fourth quarter of 2022. The Company also announced details for its fourth quarter earnings conference call and webcast to be held on February 23, 2023. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "We finished the year strong with an 18.5% increase in rental rates on a cash basis and a 160-basis-point increase in occupancy achieved for 2022. With the first phase of our development program coming online this year and over 40% of our 2023 lease expirations already addressed, we expect leasing to once again be the major contributor to our organic growth in 2023." Leasing Activit

Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its financial results for the third quarter ended September 30, 2022 and other recent developments. Third Quarter and Subsequent Highlights Reported results for the third quarter of 2022 reflect a net loss attributable to common stockholders of $(0.19) per weighted average common share; net operating income ("NOI") of $33.3 million; 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. Same store NOI ("SS NOI") increased 8.4% on a GAAP basis

Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing and acquisition activity for the third quarter of 2022. The Company also announced details for its third quarter earnings conference call and webcast to be held on November 3, 2022. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "The fundamentals on the ground in our markets remain strong with rental rate increases and the level of leasing velocity exceeding our expectations. We are also making progress on our new development leasing with multiple proposals for our unleased space in the first phase of our development program. Together with the improvements we have made to our balance sheet with the

Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its consolidated financial results for the second quarter ended June 30, 2022 and other recent developments. Second Quarter and Subsequent Highlights Reported results for the second quarter of 2022 reflect a net loss attributable to common stockholders of $(0.17) per weighted average common share; net operating income ("NOI") of $31.8 million; Core Funds from Operations attributable to common stockholders and unit holders ("Core FFO") of $0.47 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 9.4% on a

Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing and acquisition activity for the second quarter of 2022. The Company also announced details of its second quarter earnings conference call and webcast to be held on August 3, 2022. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "The second quarter has closed out as one of the most active leasing periods we have ever had. Our vertically integrated operating platform has allowed us to assemble a sizeable footprint within our targeted markets and to efficiently manage and lease our properties. Throughout our markets, our strategy has been to acquire assets that are well below replacement cost and have

Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its consolidated financial results for the first quarter ended March 31, 2022 and other recent developments. First Quarter and Subsequent Highlights Reported results for the first quarter of 2022 reflect a net loss attributable to common stockholders of $7.7 million, or $(0.21) per weighted average common share; net operating income ("NOI") of $28.6 million; Core Funds from Operations attributable to common stockholders and unit holders ("Core FFO") of $0.47 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") incre

Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing and acquisition activity for the first quarter ended March 31, 2021. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "During the first quarter, our asset and property management teams continued to perform exceptionally well. They have been able to keep up the strong pace of leasing activity we saw in 2021, while the fundamentals in our markets continue to drive rent growth throughout our 33 million-square-foot portfolio. We also continue to source attractive acquisitions, expanding our footprint within our existing markets and allowing our operating platform the opportunity to create value." Leasin

Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its consolidated financial results for the fourth quarter ended December 31, 2021 and other recent developments. Fourth Quarter and Subsequent Highlights Reported results for the fourth quarter of 2021 reflect a net loss attributable to common stockholders of $8.1 million, or $(0.23) per weighted average common share; net operating income ("NOI") of $26.6 million; 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 $0.39 per weighted average common share and units. Collected approximately 9

Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced details for the release of its results for the fourth quarter and year ended December 31, 2021. The Company plans to issue its earnings release before the market opens on Wednesday, February 23, 2022, and will host a conference call and live audio webcast, both open for the general public to hear, later that day at 9:00 a.m. Eastern Time. The number to call for this interactive teleconference is (844) 784-1727 (international callers: (412) 717-9587). A replay of the call will be available through March 2, 2022, by dialing (412) 317-0088 and entering the replay access code, 2938178. The live audio webcast of the Company's quarterly confe

Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its consolidated financial results for the third quarter ended September 30, 2021 and other recent developments. Third Quarter and Subsequent Highlights Reported results for the third quarter of 2021 reflect a net loss attributable to common stockholders of $7.1 million, or $(0.22) per weighted average common share; net operating income ("NOI") of $23.8 million; Core Funds from Operations attributable to common stockholders and unit holders ("Core FFO") of $0.43 per weighted average common share and units; and Adjusted FFO ("AFFO") of $0.31 per weighted average common share and units, the latter of which was impac

Schedules Third Quarter 2021 Earnings Release and Conference Call Dates Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing and acquisition activity for wholly owned properties for the third quarter ended September 30, 2021. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "Our focus on ‘the first mile to the last mile' in strong, diverse industrial markets continues to position our asset management team to deliver on favorable rent growth and leasing momentum. The acquisitions team has now completed or placed under contract to close by year end a total of 5.6 million square feet for an investment of $323.5 million. The level of activity during the q

Plymouth Industrial REIT, Inc. (NYSE:PLYM) (the "Company") today announced its consolidated financial results for the second quarter ended June 30, 2021 and other recent developments. Second Quarter and Subsequent Highlights Reported results for the second quarter of 2021 reflect a net loss attributable to common stockholders of $7.4 million, or $(0.25) per weighted average common share; net operating income ("NOI") of $21.8 million; Core Funds from Operations attributable to common stockholders and unit holders ("Core FFO") of $0.41 per weighted average common share and units; and Adjusted FFO ("AFFO") of $0.32 per weighted average common share and units. Collected approximately 99.7%