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 Industrial REIT, Inc. (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on industrial properties, and its news flow reflects that focus. On this page, readers can review company-issued updates and other coverage relating to Plymouth’s acquisition activity, leasing performance, financial results and corporate transactions.
Recent news has highlighted Plymouth’s expansion through the purchase of industrial portfolios and single assets in markets such as Columbus, Cincinnati and Cleveland, Ohio, and the Atlanta, Georgia area. Releases describe the size of these portfolios in square feet, occupancy levels, remaining lease terms and initial net operating income yields, illustrating how the company evaluates and communicates the economics of new investments. Plymouth also regularly reports on leasing activity across its portfolio, including renewal and new leases, changes in rental rates on a cash basis and occupancy metrics for its same store and total portfolios.
Investors following PLYM news will also find quarterly earnings announcements, where Plymouth reports net income or loss attributable to common stockholders, net operating income, funds from operations and adjusted funds from operations, along with commentary on factors such as acquisitions, joint ventures and capital structure. The company’s updates have included details on share repurchase activity, use of its unsecured revolving credit facility and guidance ranges for key performance measures.
An important component of recent news is the Agreement and Plan of Merger with PIR Ventures LP and related entities. Plymouth’s announcements describe the agreed cash consideration per share, the expected timing of closing, the board’s unanimous approval and the intention for the company to become private and have its shares de-registered and removed from trading on the New York Stock Exchange if the transaction is completed. Visitors can use this news page to track developments related to the merger process, including proxy statement filings, litigation disclosures and other events described in the company’s communications. Bookmark this page to access a consolidated view of Plymouth Industrial REIT news and updates over time.
Makarora and Ares Alternative Credit funds completed the acquisition of Plymouth Industrial REIT (PLYM) in an all-cash deal valued at approximately $2.1 billion on January 27, 2026.
Plymouth shareholders will receive $22.00 per share in cash and Plymouth will be delisted and will no longer trade on any public securities exchange.
Plymouth Industrial REIT (NYSE: PLYM) announced that its stockholders approved an all-cash acquisition by entities affiliated with Makarora Management LP and Ares Alternative Credit funds at a special meeting held Jan. 22, 2026. The transaction, governed by a definitive merger agreement dated Oct. 24, 2025, values the company at approximately $2.1 billion including assumed debt and pays $22.00 per share for all outstanding common stock and limited partnership interests. The company said final vote results will be certified and filed on Form 8-K. The acquisition is expected to close on or about Jan. 27, 2026, subject to customary closing conditions.
Plymouth Industrial REIT (NYSE: PLYM) disclosed the tax treatment of its 2025 dividends to common stockholders. For the tax year ended December 31, 2025, total cash distributions equaled $0.720000 per share across three quarterly payments. Of the $0.72 total distribution, $0.548565 per share is classified as ordinary dividend, $0.000000 as capital gain distribution and unrecaptured Sec. 1250 gain, and $0.171435 per share is return of capital. Payment dates were 4/30/2025, 7/31/2025 and 10/31/2025 with corresponding record dates 3/31/2025, 6/30/2025 and 9/30/2025. The company provided per-share breakdowns for shareholder tax reporting for 2025.
Plymouth Industrial REIT (NYSE: PLYM) entered into a definitive merger agreement to be acquired by entities affiliated with Makarora with participation from Ares for $22.00 per share in an all-cash transaction valued at approximately $2.1 billion including assumed debt. The price represents an approximate 50% premium to Plymouth’s unaffected close on August 18, 2025.
The transaction was unanimously approved by Plymouth’s board, includes a 30-day "go-shop" through 11:59 PM ET on Nov 23, 2025, and is expected to close in early 2026 subject to shareholder and regulatory approvals. Upon closing Plymouth will become private and its NYSE listing will be de-registered. Plymouth will pay its previously announced Q3 dividend on Oct 31, 2025 and otherwise limit dividends as needed to preserve REIT status during the deal term.
Plymouth Industrial REIT (NYSE:PLYM) has declared a quarterly cash dividend of $0.24 per share for the third quarter of 2025. The dividend will be paid on October 31, 2025, to shareholders of record as of September 30, 2025. This quarterly dividend translates to an annualized rate of $0.96 per common share.
Plymouth Industrial REIT (NYSE: PLYM) has received an unsolicited, non-binding acquisition proposal from Sixth Street Partners. The proposal offers to acquire all outstanding PLYM shares for $24.10 per share in cash consideration.
Sixth Street currently owns approximately 9.99% of Plymouth's outstanding common stock, as disclosed in their Schedule 13D filing. Plymouth's Board of Directors will evaluate the proposal with financial advisor KeyBanc Capital Markets and legal counsel Morrison & Foerster LLP to determine the best course of action for shareholders.
Plymouth Industrial REIT (NYSE: PLYM) reported its Q2 2025 financial results, showing mixed performance with notable acquisitions and leasing activity. The company posted a net loss of ($0.14) per share, while achieving Core FFO of $0.46 per share and AFFO of $0.44 per share.
Key highlights include a 6.7% increase in same-store NOI on a GAAP basis and significant acquisition activity, including 21 buildings across Ohio markets for $193.0 million and a single-tenant building in Atlanta for $11.7 million. The company demonstrated strong leasing momentum with 5.9 million square feet of executed leases for 2025, achieving a 13.6% increase in rental rates.
Plymouth has been active in capital management, repurchasing over 1 million shares at an average price of $16.23 and issuing 79,090 Series C Preferred Units for approximately $79.0 million in net proceeds. The company maintained its 2025 Core FFO guidance while updating other metrics.
Plymouth Industrial REIT (NYSE:PLYM) has released its Q2 2025 activity update, highlighting significant leasing momentum and strategic acquisitions. The company executed leases totaling 1.45 million square feet in Q2, achieving a 10.0% cash rent spread. For the full year 2025, Plymouth has executed leases for 5.81 million square feet, representing 67.5% of total 2025 expirations with a 13.0% cash rent spread.
The REIT completed notable acquisitions totaling 2.05 million square feet for $204.7 million, including a portfolio of 21 buildings across Ohio markets and an industrial building in Atlanta. The acquired properties are 97.1% leased with a 2.6-year weighted average lease term. The company maintains strong liquidity with $285.8 million available on its credit line and has repurchased 805,394 shares at an average price of $16.26.
Plymouth Industrial REIT (NYSE: PLYM) has acquired a substantial 1.95-million-square-foot industrial portfolio in Ohio for $193.0 million. The 21-building portfolio, located across Columbus, Cincinnati, and Cleveland, is 97% leased to 75 tenants with a 2.47-year weighted average lease term.
Key features include high clear heights, ample truck loading, updated lighting, and modern office finishes. The purchase price represents a 25%-plus discount to replacement cost, with current rents approximately 22% below market rates. This strategic acquisition expands Plymouth's Ohio presence to over 12 million square feet and will be managed by their Columbus office team.