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.
Plymouth Industr REIT (PLYM) provides investors with essential updates through this centralized news hub tracking all corporate developments. Access official press releases and verified news covering strategic initiatives, property acquisitions, and financial performance for this vertically integrated industrial real estate specialist.
This resource delivers timely updates on earnings reports, portfolio expansions, and management strategies critical for understanding PLYM's position in Class B industrial properties. Users gain insights into the REIT's operational focus on secondary markets and its active asset management approach to warehouse and distribution center investments.
Key updates include leasing activity, capital recycling programs, and market expansion efforts that shape the company's performance. Investors and analysts can monitor how PLYM's self-managed structure and disciplined capital allocation impact its diversified industrial portfolio.
Bookmark this page for direct access to Plymouth Industr's verified announcements, eliminating the need to aggregate information from multiple sources. Check regularly for updates reflecting the REIT's ongoing commitment to industrial property value creation and stakeholder transparency.
Plymouth Industrial REIT (NYSE: PLYM) has declared a regular quarterly cash dividend of $0.46875 per share for its 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA). This amounts to an annualized dividend of $1.875 per share. The dividend is scheduled for payment on June 30, 2021, to stockholders of record as of June 15, 2021. This announcement reflects the company's commitment to providing shareholder returns through consistent dividends.
Plymouth Industrial REIT (NYSE: PLYM) reported a net loss of $6.4 million for Q1 2021, equating to $(0.24) per share, an improvement from a loss of $7.6 million in Q1 2020. Total revenue rose to $31.9 million, up from $26.2 million year-over-year. Net operating income was $20.4 million, while Core Funds from Operations stood at $0.40 per share. The company collected 99.6% of its rent, though same store NOI decreased by 1.8%. They acquired 5 buildings for $61 million and announced a quarterly dividend increase to $0.21 per share for Q2 2021.
Plymouth Industrial REIT, Inc. (NYSE: PLYM) has announced a 5% increase in its quarterly cash dividend, raising it from $0.20 to $0.21 per share. This translates to an annualized rate of $0.84 per common share. The dividend will be payable on July 30, 2021, to shareholders on record as of June 30, 2021. The Chairman and CEO, Jeff Witherell, attributed this increase to strong portfolio performance and solid market fundamentals, reaffirming the company's commitment to providing returns to its shareholders.
Plymouth Industrial REIT, Inc. (NYSE: PLYM) has appointed Caitlin Murphy to its Board of Directors, effective April 5, 2021, expanding the board to eight members. Ms. Murphy, founder and CEO of Global Gateway Logistics, brings extensive logistics experience, having worked in various capacities across the industry. Chairman Jeff Witherell emphasized that her expertise aligns with the company's focus on logistics and supply chain operations, which are crucial for driving demand in their industrial markets.
Plymouth Industrial REIT, Inc. (NYSE: PLYM) is set to release its first-quarter earnings on May 7, 2021, before the market opens. A conference call will follow at 9:00 a.m. Eastern Time, allowing the public to participate. Investors can access a replay until May 14, 2021. Plymouth Industrial REIT specializes in acquiring and managing industrial properties across the U.S., focusing on key distribution and logistics areas.
Plymouth Industrial REIT (NYSE: PLYM) reported strong leasing and acquisition activity for Q1 2021. The company achieved leases totaling 1,256,000 square feet with a 12.0% cash rental rate increase, addressing over 68% of 2021 lease expirations. Plymouth acquired five industrial buildings spanning 1.4 million square feet for $61.0 million, reflecting a weighted average price of $47 per square foot and a 7.7% initial yield. The total portfolio was 96.6% occupied with a 99.0% rent collection rate, maintaining consistency with historical trends.
Plymouth Industrial REIT (NYSE: PLYM) has declared a quarterly cash dividend of $0.20 per diluted share, amounting to an annualized dividend of $0.80. This dividend will be payable on April 30, 2021, to stockholders on record as of March 31, 2021. As a real estate investment trust, Plymouth focuses on acquiring and managing various industrial properties across the U.S., enhancing its portfolio in key markets.
Plymouth Industrial REIT, Inc. (NYSE: PLYM) has appointed Anthony Saladino as Chief Accounting Officer. Saladino joined Plymouth in October 2020 as Senior VP of Accounting, bringing extensive experience from roles at AFIN and NYC REIT. His expertise is expected to enhance Plymouth's financial reporting and accounting functions. Additionally, Kimberly Maidment has been promoted to Director of ESG, focusing on environmental, social, and governance reporting. These leadership changes support Plymouth's growth strategy in the real estate market.
Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced a quarterly cash dividend of $0.46875 per share, totaling an annualized dividend of $1.875 per share for its 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA). This dividend is payable on March 31, 2021 to stockholders on record by March 15, 2021.
Plymouth focuses on acquiring, managing, and developing industrial properties across the United States, serving key logistics and distribution markets.
Plymouth Industrial REIT (NYSE: PLYM) reported a net loss of $6.0 million or $(0.24) per share for Q4 2020, despite a total revenue increase to $30.0 million compared to $22.5 million in Q4 2019. The company achieved a same-store net operating income increase of 3.7% (cash basis). Rent collections for Q4 reached 99.6%, and the company successfully completed multiple acquisitions worth over $100 million. For 2021, guidance includes a projected Core FFO of $1.70 to $1.74 per share. A quarterly dividend of $0.20 per share for common stock was declared.
