� PLYMOUTHREIT Investor Presentation June 2022 Boston w Columbus w Jacksonville w Memphis Disclaimer Except as otherwise indicated, this presentation speaks only as of the date hereof. The delivery of this presentation shall not, under any circumstances, create any implication that there has been no change in the affairs of Plymouth Industrial REIT, Inc. (the "Company") after the date hereof. Certain of the information contained herein may be derived from information provided by industry third-party sources ...

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q1 2022 Earnings Conference Call May 4, 2022 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations Jeff Witherell - Chairman & Chief Executive Officer Pen White - President & Chief Investment Officer Jim Connolly - Executive Vice President, Asset Management Anthony Saladino - Executive Vice President & Chief Financial Officer Anne Hayward - General Counsel Conference Call Participants John Kim - BMO Capital Markets Todd Thomas - KeyBanc Capital Market ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From _______to ________ Commission File Number: 001-38106 PLYMOUTH INDUSTRIAL REIT, INC. (Exact name of registrant as specified in its charter) Maryland 27-5466153 (State o ...

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q4 2021 Earnings Conference Call February 23, 2022 9:00 AM ET Company Participants Tripp Sullivan – SCR Partners Jeff Witherell – Chairman and Chief Executive Officer Pen White – President and Chief Investment Officer Jim Connolly – Executive Vice President-Asset Management Dan Wright – Executive Vice President and Chief Financial Officer Conference Call Participants Connor Siversky – Berenberg David Rodgers – Baird John Kim – BMO Capital Markets Anthony Hau – Trui ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation of organization) (I.R.S. Employer Identification Number) 20 Custom House St, 11 Floor Boston, MA 02110 (Address of principal executive offices) Regist ...

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q3 2021 Earnings Conference Call November 5, 2021 9:00 AM ET Company Participants Tripp Sullivan - SCR Partners Jeff Witherell - Chairman and Chief Executive Officer Dan Wright - Executive Vice President and Chief Financial Officer Pen White - President and Chief Investment Officer Jim Connolly - Executive Vice President of Asset management Conference Call Participants Barry Oxford - Colliers Securities Aaron Hecht - JMP Gaurav Mehta - B. Riley Securities Operato ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From _______to ________ Commission File Number: 001-38106 PLYMOUTH INDUSTRIAL REIT, INC. (Exact name of registrant as specified in its charter) Maryland 27-5466153 (Sta ...

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q2 2021 Results Conference Call August 6, 2021 9:00 AM ET Company Participants Tripp Sullivan - IR, SCR Partners Jeff Witherell - Chairman and CEO Pen White - President and Chief Investment Officer Dan Wright - EVP and CFO Jim Connolly - EVP, Asset Management Anne Hayward - General Counsel Conference Call Participants Dave Rodgers - Baird Craig Mailman - KeyBanc Capital Markets Gaurav Mehta - National Securities Connor Siversky - Berenberg Barry Oxford - Colliers O ...

[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=3&type=section&id=ITEM%201.%20Financial%20Statements) The unaudited condensed consolidated financial statements detail the company's financial position and performance as of and for the periods ended June 30, 2021 [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets grew while total liabilities decreased from year-end 2020, resulting in a significant increase in total equity Condensed Consolidated Balance Sheets (in thousands) | | June 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | $969,828 | $920,270 | | Real estate properties, net | $842,097 | $788,398 | | **Total Liabilities** | $561,343 | $581,054 | | Secured debt, net | $326,585 | $328,908 | | Borrowings under line of credit | $68,000 | $90,000 | | **Total Equity** | $269,189 | $203,522 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Total revenues grew significantly for both the second quarter and first half of 2021, though the net loss attributable to common stockholders widened slightly for the quarter Condensed Consolidated Statements of Operations (in thousands, except per share data) | Metric | Q2 2021 | Q2 2020 | Six Months 2021 | Six Months 2020 | | :--- | :--- | :--- | :--- | :--- | | **Total Revenues** | $32,855 | $26,137 | $64,771 | $52,366 | | **Net Loss** | ($3,981) | ($3,885) | ($6,965) | ($8,157) | | **Net Loss Attributable to Common Stockholders** | ($7,417) | ($7,173) | ($13,852) | ($14,743) | | **Net Loss Per Share (Basic & Diluted)** | ($0.25) | ($0.49) | ($0.49) | ($1.02) | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow increased year-over-year, while significant investing and financing activities were driven by property acquisitions and stock issuance Condensed Consolidated Statements of Cash Flows (in thousands) | Cash Flow Activity (Six Months Ended June 30) | 2021 | 2020 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $26,617 | $20,551 | | **Net cash used in investing activities** | ($81,537) | ($92,272) | | **Net cash provided by financing activities** | $52,180 | $78,569 | | **Net (decrease) increase in cash** | ($2,740) | $6,848 | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail key activities including property acquisitions, asset sales, and significant capital raising through common stock issuances - As of June 30, 2021, the Company owned **113 industrial properties** comprising 147 buildings with an aggregate of approximately **24.8 million square feet**[19](index=19&type=chunk) - During the first six months of 2021, the Company acquired **7 properties** totaling 1.6 million square feet for an aggregate purchase price of **$75.05 million**[44](index=44&type=chunk) - In H1 2021, the Company issued **5,530,648 shares** of common stock under its ATM programs, resulting in net proceeds of approximately **$91.1 million**[66](index=66&type=chunk) - Subsequent to the quarter end, the company acquired **three industrial properties** in Memphis, Tennessee in two separate transactions in July 2021 for a total of **$15.5 million**[88](index=88&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=ITEM%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management's analysis attributes revenue growth to property acquisitions, notes minimal COVID-19 impact, and highlights strong liquidity and growth in non-GAAP measures [Overview and Strategy](index=22&type=section&id=Overview%20and%20Strategy) The company's strategy focuses on acquiring and managing industrial properties in primary and secondary U.S. markets, utilizing joint ventures for value-add opportunities - The Company's core investment strategy is to acquire industrial properties located in primary and secondary markets across the U.S., believing these markets offer **less volatility and competition**[97](index=97&type=chunk)[98](index=98&type=chunk) - The company intends to continue pursuing **joint venture arrangements** with institutional partners for opportunistic or value-add investments, which may include development or redevelopment strategies[99](index=99&type=chunk) [Results of Operations](index=25&type=section&id=Results%20of%20Operations) Operating results show significant revenue growth for Q2 and H1 2021, driven by both acquisitions and positive performance from the Same Store Portfolio Comparison of Q2 2021 and Q2 2020 | Metric (Q2 2021 vs Q2 2020) | Total Portfolio | Same Store Portfolio | Acquisitions, Dispositions & Other | | :--- | :--- | :--- | :--- | | **Total Revenues** | +25.7% | +4.5% | +184.5% | | **Property Expenses** | +21.2% | +10.4% | +105.0% | Comparison of H1 2021 and H1 2020 | Metric (H1 2021 vs H1 2020) | Total Portfolio | Same Store Portfolio | Acquisitions, Dispositions & Other | | :--- | :--- | :--- | :--- | | **Total Revenues** | +23.7% | +2.7% | +210.1% | | **Property Expenses** | +24.0% | +11.1% | +156.8% | [Supplemental Earnings Measures (Non-GAAP)](index=28&type=section&id=Supplemental%20Earnings%20Measures) Key non-GAAP metrics such as NOI, Core FFO, and AFFO all demonstrated substantial year-over-year growth for both the second quarter and first half Non-GAAP Financial Measures (in thousands) | Metric | Q2 2021 | Q2 2020 | H1 2021 | H1 2020 | | :--- | :--- | :--- | :--- | :--- | | **NOI** | $21,818 | $17,111 | $42,225 | $34,329 | | **EBITDAre** | $18,382 | $14,535 | $35,590 | $29,231 | | **Core FFO** | $12,313 | $8,022 | $23,504 | $16,234 | | **AFFO** | $9,798 | $6,997 | $18,766 | $14,019 | [Liquidity and Capital Resources](index=30&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained a strong liquidity position supported by cash reserves, credit availability, and successful capital raising through its ATM programs - As of June 30, 2021, the Company had available liquidity of approximately **$156.8 million**, comprised of **$24.8 million in cash** and cash equivalents and **$132 million available** on its line of credit[147](index=147&type=chunk) - During H1 2021, the Company issued **5,530,648 shares** of common stock under its ATM programs for aggregate net proceeds of approximately **$91.1 million**[153](index=153&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=32&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risk is interest rate exposure on its variable-rate debt, with a hypothetical 100 basis point increase impacting interest expense - The company is exposed to market risk from changes in interest rates, primarily related to its **variable-rate borrowings**[157](index=157&type=chunk) - At June 30, 2021, the company had **$168 million** of outstanding variable rate debt, and a hypothetical **100 basis point increase** in the average interest rate would have increased interest expense by approximately **$459,000** for the six months ended June 30, 2021[158](index=158&type=chunk) [Controls and Procedures](index=33&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls during the quarter - Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were **effective** as of June 30, 2021[161](index=161&type=chunk) - **No changes** in internal control over financial reporting occurred during the quarter ended June 30, 2021, that have materially affected, or were reasonably likely to materially affect, internal controls[162](index=162&type=chunk) [PART II. OTHER INFORMATION](index=34&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section confirms the absence of material legal proceedings, unregistered equity sales, or defaults, and lists the exhibits filed with the report [Legal Proceedings](index=34&type=section&id=Item%201.%20Legal%20Proceedings) The company is not subject to any material litigation beyond routine matters in the ordinary course of business - Other than routine litigation arising out of the ordinary course of business, the company is **not presently subject to any material litigation**[164](index=164&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=34&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) There were no unregistered sales of equity securities during the reporting period - **None**[165](index=165&type=chunk) [Defaults Upon Senior Securities](index=34&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) There were no defaults upon senior securities during the reporting period - **None**[166](index=166&type=chunk) [Exhibits](index=34&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including the Distribution Agreement, CEO/CFO certifications, and Inline XBRL financial data - The report includes exhibits such as the **Distribution Agreement** dated May 26, 2021, **CEO/CFO certifications**, and financial information formatted in **Inline XBRL**[169](index=169&type=chunk)

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q1 2021 Earnings Conference Call May 7, 2021 9:00 AM ET Company Participants Harry Sullivan - SCR Partners Jeff Witherell - Chairman & CEO Pendleton White - President, CIO, Corporate Secretary & Director James Connolly - EVP, Asset Management Daniel Wright - EVP & CFO Conference Call Participants David Rodgers - Robert W. Baird & Co. Connor Siversky - Berenberg Alexander Goldfarb - Piper Sandler & Co. Craig Mailman - KeyBanc Capital Markets Gaurav Mehta - National ...