Kwarkot Plymouth Industrial REIT, Inc. (NYSE:PLYM) is an under-covered and somewhat smaller industrial and logistics real estate investment trust, or REIT. The company has seen rapid growth, financed by continued share price dilution, as results on a per-share basis have been quite mixed. While the portfolio is well located and obtains decent cash yields, I am a bit cautious here given the lack of historic performance, leverage employed and cyclicality of the portfolio, although all these items reveal poten ...

Operator Good morning and welcome to the Plymouth Industrial REIT First Quarter 2024 Earnings Conference Call. All participants will be in listen only mode. Should you need assistance, please signal conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask the question, you may press star one on your telephone keypad. To withdraw from the question queue, please press star then two. Please note this event is being record ...

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q1 2024 Earnings Call Transcript May 2, 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 Nick Thillman - Baird Mitch Germain - Citizens JMP Bryan Maher - B. Riley FBR Anthony Hau - Suntrust Brendan Lynch - Barclays Operator Good day, and welcome to the Plymouth Indust ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended March 31, 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 FORM 10-Q (Mark One) (State o ...

Plymouth Industrial REIT The change in timing of our disclosures to yesterday afternoon was in response to previous feedback we received to allow more time to digest the earnings results and supplemental. We also thought it might be even more beneficial for you to read through our prepared commentary ahead of time. Our supplemental deck includes our full-year 2024 guidance assumptions, detailed information on our operations, portfolio and balance sheet, and definitions of non-GAAP measures and reconciliatio ...

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q4 2023 Results Conference Call February 22, 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 Anthony Saladino - Executive Vice President and Chief Financial Officer Conference Call Participants Anthony Peak - KeyBanc Eric Borden - BMO Capital Markets Nick Thillman - Baird Mitch Germain - Citizens JMP Bryan Maher - B. Riley Securitie ...

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, 2023 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 in its charter) Maryland 27-5466153 (State or other jurisdiction of incorp ...

Financial Data and Key Metrics Changes - The company reported a core FFO of $0.46 per share for Q3 2023, driven by improved leasing spreads and contributions from developments [43] - Net debt to adjusted EBITDA was 6.7 times, marking the sixth consecutive quarter of deleveraging [44] - The total weighted average cost of debt was 4.01%, with 58% of total debt on an unsecured basis [44] Business Line Data and Key Metrics Changes - The company experienced a 24.1% increase in rents on a cash basis for Q3 2023, with new leases seeing a 25.9% increase and renewal leases a 23.6% increase [19] - Same-store cash NOI growth was 5.4% for the quarter and 6.8% year-to-date [46] Market Data and Key Metrics Changes - Total portfolio occupancy was 97.6%, with same-store occupancy at 98.6%, slightly down from Q2 but rebounding to 98% in October [23] - The company has addressed over 93.5% of the total square footage scheduled to expire in 2023, with an aggregate increase of 20.1% on a cash basis for leases commencing in 2023 [22] Company Strategy and Development Direction - The company is focused on leasing remaining spaces in its development program and evaluating proceeds from dispositions for debt repayment and acquisitions [17] - The company plans to avoid speculative development and will focus on build-to-suit projects moving forward [49] Management's Comments on Operating Environment and Future Outlook - Management noted that tenants are taking longer to make decisions on new spaces, but they remain optimistic about leasing activity and market demand [86] - The company anticipates strong market rent growth for 2024, similar to 2023, with a focus on maintaining a leverage target between 5 to 7 times [51] Other Important Information - The company eliminated its Series A preferred stock and executed an ATM program to improve its capital structure [13] - A significant debt maturity was addressed with the payoff of the AIG loan, which represented approximately 12% of total debt outstanding [45] Q&A Session Summary Question: Can you provide more detail on tenant demand and leasing timelines? - Management indicated they are close to finalizing leases in Cincinnati and Georgia, with expectations for movement in the coming weeks [48] Question: What are the return requirements for build-to-suit projects? - The company aims for high-single-digit returns, around 8% to 9%, for build-to-suit developments [104] Question: Are you seeing any slowdown in construction activity due to higher interest rates? - Management acknowledged a slowdown in construction activity, particularly in larger buildings, due to the current economic environment [63] Question: What is the strategy for future acquisitions? - The company will not increase leverage for acquisitions and is focused on capital recycling rather than dilutive equity issuance [64] Question: How is the company managing its debt and interest rate exposure? - The company plans to execute interest rate swaps to mitigate exposure and maintain flexibility in its debt structure [92]

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) 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, 2023 Maryland 27-5466153 (Sta ...

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations Jeff Witherell - Chairman & Chief Executive Officer Jim Connolly - Executive Vice President, Asset Management Anthony Saladino - Executive Vice President & Chief Financial Officer Conference Call Participants Todd Thomas - KeyBanc Capital Markets John Kim - BMO Capital Markets Nick Thillman - Baird Nikita Bely - JPMorgan Anthony Hau - SunTrust Mitch G ...