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. ...

Plymouth Industrial REIT, Inc. (PLYM) has executed a two-year lease agreement at its 769,500-square-feet Class A industrial building in St. Louis with a major international manufacturing, engineering and logistics service provider. The lease encompasses 600,000 square feet for the first year and 450,000 in the second year.With the lease being executed at rates higher than recent deals in the market, PLYM’s better negotiating abilities are highlighted. It also reflects the tenant’s confidence in its high-qua ...

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 ...

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 ShareUnr ...

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 Distr ...

Plymouth Industrial REIT, Inc. (PLYM) recently announced its activity update for the fourth quarter of 2024, highlighting strong rental growth, strategic portfolio expansion and closing of the Sixth Street Joint Venture.Plymouth’s Leasing and Portfolio PerformancePlymouth’s leasing activity during the fourth quarter totaled 1,467,245 square feet, comprising 1,042,732 square feet of renewal leases and 424,513 square feet of new leases. Rental rates soared, with a 19.5% increase on a cash basis, showcasing th ...

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 Portfoli ...

On the surface, Innovative Industrial Properties, Inc. (NYSE:IIPR) and Plymouth Industrial REIT, Inc. (NYSE:PLYM) are quite similar. Industrial real estate investment trusts, or REITs Discounted adjusted funds from operations, or AFFO, multiples relative to the rest of the industrial sector Enticing dividend yields. Yet, we are bullish on PLYM and bearish on IIPR. As value investors, the extremely low AFFO multiples appeal to us, but value alone does not create a total return. Business models need to be d ...

In an effort to expand its presence in the Cincinnati market, Plymouth Industrial REIT (PLYM) has shelled out $20.1 million for the acquisition of a portfolio of mainly small-bay industrial properties. It comprises nine buildings and aggregates 258,082 square feet of space.With the purchase price equating to an anticipated initial NOI yield of 6.8%, this acquisition marks a solid addition to the company’s already strong presence in the Cincinnati market that will now aggregate more than 3 million square fee ...

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 por ...