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Core Viewpoint - Plymouth Industrial REIT, Inc. reported strong leasing momentum and successful capital redeployment strategies in its second quarter update for 2025, highlighting the company's focus on growth and value creation for shareholders [2][6]. Leasing Activity - In Q2 2025, leases commencing totaled 1,453,757 square feet, with renewals accounting for 79.8% and new leases for 20.2%. The average cash rent for all leases was $4.98, with a new rent of $5.48, reflecting a 10.0% spread [3]. - For the entirety of 2025, total executed leases reached 5,811,172 square feet, representing 67.5% of total expirations. Renewals made up 70.5% of this total, with an average cash rent of $4.41 and a new rent of $4.98, indicating a 13.0% spread [4]. - Excluding the St. Louis Lease, rental rates would have shown a 15.8% increase, with new leases reflecting a 19.9% increase on a cash basis [4]. - Same store occupancy was reported at 95.0%, while total portfolio occupancy was 94.6%, with various positive impacts from leasing activities in different markets [5]. Acquisition Activity - During Q2 2025, the company acquired 22 industrial buildings totaling 2.05 million square feet for $204.7 million, with these properties being 97.1% leased and a weighted average remaining lease term of 2.6 years [6]. Capital Markets Activity - As of June 30, 2025, the company repurchased 805,394 shares of common stock at an average price of approximately $16.26 under its share repurchase program [7]. Upcoming Events - The company plans to release its earnings information on August 6, 2025, followed by a conference call on August 7, 2025, to discuss the results [8][9].

Core Insights - Plymouth Industrial REIT (PLYM) has acquired a portfolio of industrial properties in Ohio for $193 million, consisting of 21 buildings and totaling 1.95 million square feet [1][7] - The acquisition enhances Plymouth's regional presence and aligns with its strategy of acquiring income-generating industrial assets with growth potential [1][7] Property Details - The portfolio includes highly functional industrial assets located in strong infill areas, featuring high clear heights, adequate truck loading facilities, updated lighting, and modern office finishes [2] - Currently, the portfolio is 97% leased to 75 tenants, with a weighted average remaining lease term of 2.47 years [3] - In-place rents are approximately 22% lower than current market rates, indicating significant upside potential upon lease rollover [3] Financial Aspects - The purchase price reflects a discount of over 25% compared to the current replacement cost [3] - Following this acquisition, Plymouth now manages over 12 million square feet of industrial space in Ohio [4] Management Perspective - Management emphasizes the strategic deployment of capital into high-quality industrial real estate, aiming to drive long-term value creation and strong leasing outcomes [5] Market Performance - PLYM shares have increased by 1.4% over the past three months, slightly outperforming the industry growth of 1.3% [6]

Core Insights - Plymouth Industrial REIT, Inc. has acquired a 1.95-million-square-foot portfolio of industrial properties in Ohio for $193.0 million, enhancing its regional presence and aligning with its growth strategy [1][3] Acquisition Details - The portfolio consists of 21 buildings with strong infill locations and desirable features such as high clear heights and modern office finishes [2] - The properties are currently 97% leased to 75 tenants, with a weighted average remaining lease term of 2.47 years [2] - In-place rents are approximately 22% below current market rates, indicating significant upside potential upon lease rollover [2] - The purchase price reflects a discount of over 25% compared to today's replacement cost [2] Strategic Implications - With this acquisition, the company now owns over 12 million square feet of industrial space in Ohio, further solidifying its market position [3] - The portfolio will be managed from the company's Columbus office, which is staffed by a team of nine experienced property management professionals [3] - The acquisition is part of the company's strategy to acquire well-located, income-generating industrial assets with embedded growth potential [3][4] Management Commentary - The President and CFO of Plymouth Industrial REIT emphasized the transaction as a reflection of the company's success in deploying strategic capital into high-quality industrial real estate [4] - The company aims to leverage its vertically integrated platform to drive long-term value creation and achieve strong leasing outcomes across the portfolio [4]

Group 1 - Plymouth Industrial REIT, Inc. declared a regular quarterly cash dividend of $0.24 per share for Q2 2025 [1] - The annualized dividend rate is $0.96 per common share [1] - The dividend is payable on July 31, 2025, to stockholders of record as of June 30, 2025 [1] Group 2 - Plymouth Industrial REIT, Inc. is a vertically integrated real estate investment company [2] - The company focuses on the acquisition, ownership, and management of single and multi-tenant industrial properties [2] - The mission of the company is to provide tenants with cost-effective, functional, flexible, and safe space [2]

Core Viewpoint - Plymouth Industrial REIT, Inc. has successfully acquired a 100,420-square-foot warehouse facility in Atlanta for $11.7 million, with an initial net operating income yield of 6.95% [1][2]. Acquisition Details - The newly acquired property is fully leased until May 2030 to a leading consumer self-care products provider, featuring a triple net lease with 3.0% annual rent escalations [2]. - The facility, built in 2014, includes modern features such as tilt-wall construction, 30-foot clear heights, and full climate control, which are essential for the tenant's operations [3]. Portfolio Expansion - This acquisition enhances the Company's existing portfolio in Peachtree City, bringing its total footprint in the Atlanta market to 15 buildings, totaling approximately 2.5 million square feet [3]. Strategic Insights - The CEO of Plymouth Industrial REIT emphasized the focus on identifying accretive opportunities in core markets, targeting well-located industrial assets at discounts to replacement costs, which are expected to yield attractive risk-adjusted returns [4].

Plymouth Industrial REIT (PLYM) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Company Participants John Wilfong - Senior Vice PresidentJeffrey Witherell - Chairman & CEOJames Connolly - Executive Vice President of Asset ManagementAnthony Saladino - President and CFORich Anderson - Managing DirectorEric Borden - Vice President Conference Call Participants Todd Thomas - Managing Director & Equity Research AnalystNick Thillman - Senior Research AnalystMichael Mueller - Analyst Operator Please note today's eve ...

Plymouth Industrial REIT (PLYM) Q1 2025 Earnings Call May 02, 2025 09:00 AM ET Speaker0 Please note today's event is also being recorded. I would now like to turn the conference call over to John Wilfong, Investor Relations. Sir, please go ahead. Speaker1 Thank you, and good morning. Welcome to the Plymouth Industrial REIT conference call to review the company's results for the first quarter of twenty twenty five. Yesterday afternoon, we issued our earnings release and posted a copy of our prepared commenta ...

Core Insights - Plymouth Industrial reported revenue of $45.57 million for the quarter ended March 2025, a decrease of 9.3% year-over-year [1] - The company's EPS was $0.44, significantly higher than $0.14 in the same quarter last year [1] - Revenue fell short of the Zacks Consensus Estimate of $47.51 million, resulting in a surprise of -4.07% [1] - The EPS also missed the consensus estimate of $0.45, with a surprise of -2.22% [1] Revenue Breakdown - Management fee revenue and other income amounted to $0.15 million, below the two-analyst average estimate of $0.19 million [4] - Rental revenue was reported at $45.42 million, compared to the two-analyst average estimate of $47.87 million, reflecting a year-over-year decline of 9.5% [4] Stock Performance - Shares of Plymouth Industrial have declined by 8.9% over the past month, while the Zacks S&P 500 composite saw a change of -0.7% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

分组1 - Plymouth Industrial reported quarterly funds from operations (FFO) of $0.44 per share, missing the Zacks Consensus Estimate of $0.45 per share, and down from $0.45 per share a year ago, representing an FFO surprise of -2.22% [1] - The company posted revenues of $45.57 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 4.07%, and down from $50.23 million year-over-year [2] - Over the last four quarters, Plymouth Industrial has surpassed consensus FFO estimates just once and has topped consensus revenue estimates only once [2] 分组2 - Plymouth Industrial shares have lost about 16.5% since the beginning of the year, compared to the S&P 500's decline of -5.3% [3] - The current consensus FFO estimate for the coming quarter is $0.46 on revenues of $49.68 million, and for the current fiscal year, it is $1.87 on revenues of $197.41 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 35% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]