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Plymouth Industrial REIT to be Added to the MSCI REIT Index (RMZ)
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Rhea-AI Summary
Plymouth Industrial REIT (NYSE: PLYM) will be added to the MSCI US REIT Index (RMZ) effective November 30, 2021. This index encompasses about 99% of the U.S. REIT universe and is weighted by free float-adjusted market capitalization. Plymouth’s inclusion highlights its focus on the ‘first mile to the last mile’ strategy in diverse industrial markets, providing increased visibility and access to the investment community, according to CEO Jeff Witherell.
Positive
Inclusion in the MSCI US REIT Index signifies recognition of Plymouth's strategic focus.
Expected increased visibility and access to a broader investment community.
Negative
None.
BOSTON--(BUSINESS WIRE)--
Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced that it will be added to the MSCI US REIT Index (RMZ) effective as of the close of market on November 30, 2021.
The RMZ is a free float-adjusted market capitalization weighted index that is comprised of equity REITs. The index represents about 99% of the U.S. REIT universe, and securities are classified under the Equity REITs Industry (under the Real Estate Sector) according to the Global Industry Classification Standard (GICS®), have core real estate exposure and carry REIT tax status.
Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, “The inclusion in the MSCI U.S. REIT Index is a significant milestone for Plymouth and recognition of our focus on our ‘the first mile to the last mile’ strategy in strong, diverse industrial markets. We are grateful for the increased visibility and access to the investment community that this index can provide.”
About Plymouth
Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a real estate investment trust focused on the acquisition, ownership and management of single and multi-tenant industrial properties, including distribution centers, warehouses, light industrial and small bay industrial properties, located in primary and secondary markets within the main industrial, distribution and logistics corridors of the United States.
