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 ...

Executed leases scheduled to commence during 2024, inclusive of activity through the second quarter, aggregated to 4,654,825 square feet. All of these leases are associated with a period of at least six months. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. Shares of Plymouth, currently carrying a Zacks Rank #3 (Hold), have risen 3.1% in the past month compared with the industry's increase of 1.7%. ...

Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "Leasing is an important component of our organic growth, and we have continued to execute on our opportunities for both 2024 and 2025. We have addressed many of our top 10 renewals coming up over the next couple of years, have strong prospects on our largest opportunity and expect to bring our development program to 100% leased." Executed leases scheduled to commence during 2024, which includes activity through the second quarter, t ...

BOSTON, July 08, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced its leasing and development activity for the second quarter of 2024. The Company also announced details for its second quarter earnings conference call and webcast to be held on August 1, 2024. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "Leasing is an important component of our organic growth, and we have continued to execute on our opportunities for both 2024 and 2025. We have add ...

BOSTON, June 14, 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 second quarter of 2024. The dividend, which equates to an annualized rate of $0.96 per common share, is payable on July 31, 2024, to stockholders of record as of the close of business on June 28, 2024. Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a full service, vertically ...

Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe. About Plymouth BOSTON, June 14, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the "Company") today announced that its board of directors has declared a regular quarterly ...

BOSTON, May 29, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced it will make a presentation at Nareit's REITweek 2024 Investor Conference on Wednesday, June 5, 2024 from 11:00 a.m. to 11:30 a.m. ET. The presentation will be webcast and available on Plymouth's investor relations website. About Plymouth Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single ...

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 ...