Plymouth Industrial REIT (PLYM) continues to showcase its resilience and growth potential in the industrial real estate market, as evidenced by its leasing and development activity in the third quarter of 2024. The industrial REIT addressed 74% of its 2024 lease expirations and 39% of its 2025 lease expirations. Leases commencing during the third quarter totaled 1,095,115 square feet, all with terms of at least six months. This healthy leasing activity consisted of both renewal and new leases, with 598,858 ...

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 fu ...

Plymouth Industrial REIT (PLYM) announced a partnership with Sixth Street aimed at securing long-term growth capital to enhance earnings growth and expand the platform in key industrial markets. The strategic investment of $250 million from Sixth Street will allow Plymouth to fund additional growth while maintaining a leverage-neutral position without dependence on the public equity markets. This JV also enables Plymouth to mitigate risks associated with legacy assets into an off-balance sheet structure. It ...

Highlights: The transaction provides Plymouth with approximately $500 million of capital to pursue acquisitions Sixth Street intends to be a strategic partner in pursuing additional joint venture opportunities with Plymouth in both new and existing industrial markets Sixth 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 Partnership Plymouth will contribute it ...

Exhibit 99.1 Plymouth Industrial REIT Second Quarter 2024 Earnings Call August 1, 2024 at 9:00 a.m. Eastern CORPORATE PARTICIPANTS Tripp Sullivan – SCR Partners LLC Jeff Witherell – Chairman and Chief Executive Officer Anthony Saladino – Executive Vice President and Chief Financial Officer Jim Connolly – Executive Vice President, Asset Management PRESENTATION Operator Good day and welcome to the Plymouth Industrial REIT Second Quarter 2024 Earnings Call. All participants will be in a listen-only mode. Shoul ...

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Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q2 2024 Results Conference Call August 1, 2024 9:00 AM ET Company Participants Tripp Sullivan - SCR Partners LLC Jeff Witherell - Chairman and Chief Executive Officer Jim Connolly - Executive Vice President, Asset Management Conference Call Participants Todd Thomas - KeyBanc Capital Markets Rich Anderson - Wedbush Nick Thillman - Baird Brian Maher - B. Riley Mitchell Germain - Citizens JMP Nikita Bely - JPMorgan Anthony Hau - Truist Brendon Lynch - Barclays Steven ...

Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.48 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to FFO of $0.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 2.13%. A quarter ago, it was expected that this company would post FFO of $0.47 per share when it actually produced FFO of $0.45, delivering a surprise of -4.26%. Over the last four quarters, the comp ...

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 June 30, 2024 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 or ...

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 wei ...