Plymouth Industrial REIT, Inc.
New York Stock ExchangeCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Jeffrey Earle Witherell
- Full Time Employees
- 46
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Address
- 260 Franklin Street Boston MA United States of America 02110
- IPO Date
- Jun 9, 2017
- CIK
- 0001515816
- Website
- plymouthreit.com
- Similar Companies
- Business
- Plymouth Industrial REIT, Inc. (NYSE: PLYM) operates as a full-service, vertically integrated, self-administered and self-managed real estate investment trust focused on the acquisition, ownership, management, redevelopment and development of single- and multi-tenant industrial properties, including distribution centers, warehouses, light industrial facilities and small bay industrial properties; the company provides tenants with cost-effective, functional, flexible and safe space primarily in secondary and select primary markets across the United States, with a portfolio comprising 148 properties totaling 32 million square feet in 226 buildings across approximately 15 states, concentrated in key regions such as the Midwest, Northeast, Southeast and select Southwest markets including Indiana, Ohio, Florida, Tennessee, Illinois, Georgia, Jacksonville, Memphis, Cleveland, Chicago and Indianapolis; properties generate $154 million in total annualized base rent at 95% same-store occupancy with a weighted average lease term remaining of 2.9 years. Founded in 2011 and headquartered at 20 Custom House Street, 11th Floor, Boston, Massachusetts, the company targets logistics, distribution, e-commerce, parcel delivery, retail, manufacturing and light industrial tenants serving major population centers within a day's drive of 70% of the U.S. population, leveraging active asset management, prudent property repositioning, capital improvements, tenant lease restructuring and disciplined capital deployment to enhance shareholder value. In October 2025, Plymouth enters a definitive merger agreement to be acquired by entities affiliated with Makarora Management LP and Ares Alternative Credit funds in an all-cash transaction valued at approximately $2.1 billion including assumed debt, at $22.00 per share representing a 50% premium to the unaffected stock price prior to an August 2025 unsolicited non-binding proposal from Sixth Street Partners; the deal, unanimously approved by the board with a 30-day go-shop period ending November 23, 2025, awaits shareholder approval and regulatory clearances for an expected early 2026 close, after which Plymouth delists from NYSE and operates privately; earlier in 2025, the company acquires a $193 million portfolio of 21 fully leased buildings with 3.0% annual rent escalations, sells a Memphis facility for $2.4 million, reports second-quarter results for June 30, 2025, and secures financing enhancements including a prior $300 million unsecured credit facility.
Plymouth Industrial Announces Acquisition Approval by Stockholders
Plymouth Industrial REIT Stockholders Approve Acquisition by Makarora
Plymouth Industrial REIT Announces Tax Treatment of 2025 Dividends
Plymouth Industrial REIT (NYSE:PLYM) vs. Digital Realty Trust (NYSE:DLR) Head-To-Head Comparison
The State Of REITs: January 2026 Edition
3 REITs That Big Money Might Snap Up Soon
Financial Review: CTO Realty Growth (NYSE:CTO) vs. Plymouth Industrial REIT (NYSE:PLYM)
Picking A Winner In Industrial REITs
Increased M&A Bodes Well For Discounted Infrastructure
REIT Replay: REIT Indexes Close Final Week Of October In The Red
Plymouth Industrial REIT (NYSE:PLYM) Given Consensus Rating of “Hold” by Analysts
Plymouth Industrial Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Plymouth Industrial REIT, Inc. - PLYM
SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Plymouth Industrial REIT, Inc. (NYSE: PLYM)
PLYM Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Plymouth Industrial REIT, Inc. Is Fair to Shareholders
Plymouth Industrial REIT Announces Agreement to Be Acquired by Makarora for $2.1 Billion
The State Of REITs: October 2025 Edition
Mr. Electric of The Twin Cities West Metro Opens to Deliver Premier Electrical Services to Plymouth and Surrounding Communities
The State Of REITs: September 2025 Edition
Plymouth Industrial REIT Declares Dividend for the Third Quarter of 2025
M&A Is Heating Back Up In REITs