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Plymouth Industr - PLYM STOCK NEWS

Welcome to our dedicated page for Plymouth Industr news (Ticker: PLYM), a resource for investors and traders seeking the latest updates and insights on Plymouth Industr stock.

Overview and Core Business

Plymouth Industr (PLYM) is a fully integrated and self-managed real estate investment trust that specializes in the acquisition, ownership, and management of Class B industrial properties. Operating across secondary and select primary markets in the United States, the company focuses on industrial assets such as warehouses, distribution centers, and light industrial facilities. By leveraging a vertically integrated operational model, Plymouth Industr actively manages its portfolio to optimize rental revenue, enhance property performance, and drive both income and sustainable growth.

Business Model and Operations

The company generates revenue primarily from rental income derived from multi-tenant and single-tenant industrial properties. Its business model centers on disciplined capital deployment, active asset management, and prudent property re-positioning, all of which are core to maintaining a resilient portfolio. With a focus on Class B industrial real estate, Plymouth Industr utilizes a self-administered management approach that allows for agile decision-making and operational efficiency, setting it apart in a competitive market.

Market Position and Industry Context

Operating in a niche yet significant segment of the real estate market, Plymouth Industr has positioned itself as a knowledgeable operator within the industrial property landscape. The firm targets secondary markets and select primary markets where industrial real estate demand is robust yet less saturated. In doing so, it accounts for market risks and opportunities by ensuring that acquired properties can provide both stable income streams and potential for value enhancement. This strategic positioning allows the company to remain competitive against comparable investment trusts and real estate operators that may have less focus on vertically integrated, self-managed frameworks.

Operational Excellence and Value Proposition

Central to Plymouth Industr's success is its commitment to operational excellence. The company’s management routinely implements detailed asset management strategies such as property-level optimization, repositioning, and a focus on generating net operating income (NOI) that reflects the core performance of its portfolio. Through these practices, the firm demonstrates its expertise in overseeing industrial real estate assets, ensuring that each property contributes positively to overall performance while meeting the standards expected within the industrial property sector.

Key Considerations for Investors

Investors looking into Plymouth Industr will find that the company's robust business model and deep industry knowledge underpin a potentially stable source of rental income. Its vertically integrated structure allows for consistent property oversight and capital allocation, which is essential for navigating market fluctuations. Furthermore, the active asset management strategy not only serves to optimize current property performance but also positions the firm well within its operational niches without delving into speculative forecasts about future performance.

Industry-Specific Insights

In an era where industrial real estate is an increasingly critical component of economic infrastructure, Plymouth Industr emphasizes transparency and expertise. The use of industry-specific financial metrics such as NOI, FFO, Core FFO, and AFFO ensures that the operational performance is accurately represented. By focusing on these standardized measures, the company provides clarity on its operational fundamentals, reinforcing its position as a knowledgeable participant within the broader industrial REIT market.

Overall, the company stands as a significant entity in the real estate investment domain, combining a comprehensive management approach with a keen focus on core industrial assets. Its emphasis on sustainable income generation through tactical property management and capital allocation remains a central aspect of its identity, offering a clear and consistent narrative about its role in the industrial real estate landscape.

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Plymouth Industrial REIT announced a quarterly cash dividend of $0.24 per share for Q2 2024. This brings the annualized dividend rate to $0.96 per share.

The dividend will be paid on July 31, 2024, to shareholders who hold the stock by June 28, 2024.

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Plymouth Industrial REIT (NYSE: PLYM) announced that it will be presenting at Nareit's REITweek 2024 Investor Conference. The event is scheduled for Wednesday, June 5, 2024, from 11:00 a.m. to 11:30 a.m. ET.

Investors and interested parties can access the presentation via a webcast on Plymouth's investor relations website. This announcement aims to provide investors with insights into Plymouth's recent performance and future prospects.

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Plymouth Industrial REIT, Inc. (NYSE: PLYM) reported financial results for Q1 2024, with net income of $0.14 per share, Core FFO of $0.45 per share, and AFFO of $0.45 per share. The Company experienced a 2.9% SS NOI increase on a GAAP basis and a 7.0% increase on a cash basis. Lease commencements saw a 17.1% increase in rental rates. Completed 54,008 square feet of development leasing. Notable gain on sale of real estate. Increased dividend by 6.7%. Reaffirmed 2024 guidance for Core FFO. Positive outlook for 2024 with a focus on leasing, portfolio enhancement, and growth opportunities.

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Plymouth Industrial REIT, Inc. announces leasing and development activity for the first quarter of 2024, with a 17.1% increase in cash basis, 56% of 2024 expirations addressed, and 93% of the development program leased. The Company's total portfolio occupancy is at 96.9%, and same store occupancy at 98.3%. The earnings conference call is scheduled for May 2, 2024, with details on leasing, rental rates, and development progress.
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Plymouth Industrial REIT, Inc. (NYSE: PLYM) achieves Green Globes certification for two additional projects in their development program, demonstrating a commitment to sustainability and environmental best practices. The company's 93% leased development program emphasizes occupant health, wellness, and carbon emission reduction.
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Plymouth Industrial REIT, Inc. reported strong financial results for Q4 and FY 2023, with net income of $0.20 per share, Core FFO of $0.47 per share, and AFFO of $0.48 per share. SS NOI increased by 6.6% in Q4 and 3.7% for 2023. The Company completed dispositions, repaid loans, and declared a 6.7% increase in quarterly dividend. Guidance for 2024 projects a net loss per share of $(0.12) to $(0.08) and Core FFO of $1.88 to $1.92 per share.
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Plymouth Industrial REIT, Inc. (NYSE: PLYM) has announced the tax treatment of its 2023 dividends to common stockholders. For the tax year ended December 31, 2023, the company distributed a total cash distribution per share of $1.12, with $0.754496 being an ordinary dividend per share and $0.365504 being a capital gain distribution per share. The income tax treatment for the 2023 distributions for Plymouth Industrial REIT’s 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA) CUSIP #729640201 was also disclosed, with a total cash distribution per share of $1.752720, including $1.180730 as an ordinary dividend per share and $0.571990 as a capital gain distribution per share.
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Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced its leasing, development, and disposition activity for Q4 2023, including details for its earnings conference call on February 22, 2024. The company experienced a significant increase in rental rates and portfolio occupancy, with plans to reduce debt and redeploy capital. Leasing, development, and disposition activities were detailed, along with information on the upcoming earnings call.
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Plymouth Industrial REIT, Inc. (NYSE: PLYM) declares a regular quarterly cash dividend of $0.225 per share of common stock for Q4 2023, equating to an annualized rate of $0.90 per common share. Payable on January 31, 2024, to stockholders of record as of December 29, 2023.
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Plymouth Industrial REIT, Inc. (NYSE: PLYM) reported net income of $0.17 per share for Q3 2023. Same store NOI increased 0.8% on a GAAP basis and 5.4% on a cash basis. The company executed leases totaling 5,546,550 square feet scheduled to commence in 2023, resulting in a 20.1% increase in rental rates. They issued 2.1 million common shares, raising $48.1 million in net proceeds. The AIG Loan was repaid in full, leaving only $18.6 million of debt maturing until August 2025. The company affirmed its 2023 guidance for Core FFO and adjusted its net income range.
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FAQ

What is the current stock price of Plymouth Industr (PLYM)?

The current stock price of Plymouth Industr (PLYM) is $14.31 as of April 16, 2025.

What is the market cap of Plymouth Industr (PLYM)?

The market cap of Plymouth Industr (PLYM) is approximately 643.6M.

What is Plymouth Industr's core business?

Plymouth Industr is a vertically integrated, self-managed REIT that focuses on the acquisition, ownership, and management of Class B industrial properties, including warehouses and distribution centers.

How does the company generate revenue?

The company generates revenue primarily through rental income from its portfolio of single and multi-tenant industrial properties strategically located in secondary and select primary markets.

What distinguishes Plymouth Industr from other REITs?

Its vertically integrated and self-administered management approach allows for agile decision-making and operational efficiency, setting it apart from REITs that rely on third-party management services.

In which markets does Plymouth Industr operate?

The REIT predominantly operates in secondary markets and select primary markets across the United States, with a diversified geographical portfolio including states such as Florida, Ohio, Indiana, Tennessee, Illinois, and Georgia.

What types of properties comprise its portfolio?

The portfolio is composed of Class B industrial properties, including distribution centers, warehouses, and other light industrial facilities designed for multi-tenant and single-tenant occupancy.

How does the company manage its properties?

Plymouth Industr employs an active asset management strategy that involves disciplined capital deployment, property repositioning, and targeted operational improvements to optimize the performance of its industrial portfolio.

Can you explain the REIT's focus on operational performance metrics?

The company utilizes industry-standard metrics such as net operating income (NOI), funds from operations (FFO), and adjusted funds from operations (AFFO) to provide a clear insight into its operational performance and asset management efficacy.

How does Plymouth Industr ensure long-term portfolio stability?

Through strategic acquisitions in well-defined markets and a stringent focus on asset management, the company maintains a stable and diversified portfolio designed to generate steady income without speculative forecasts.
Plymouth Industr

NYSE:PLYM

PLYM Rankings

PLYM Stock Data

643.63M
40.52M
1.63%
111.38%
1.05%
REIT - Industrial
Real Estate Investment Trusts
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United States
BOSTON