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Plymouth Industrial Reit Inc - PLYM STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Plymouth Industrial Reit's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Plymouth Industrial Reit's position in the market.

News
Plymouth Industrial REIT Provides Activity Update for First Quarter 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
earnings
-
News
Plymouth Industrial REIT Development Projects in Jacksonville Earn Green Globes® Certification for Core & Shell Construction
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
Tags
none
-
News
Plymouth Industrial REIT Reports Fourth Quarter Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
earnings
News
Plymouth Industrial REIT Announces Tax Treatment of 2023 Dividends
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
Tags
dividends
-
News
Plymouth Industrial REIT Provides Activity Update for Fourth Quarter 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
earnings
-
News
Plymouth Industrial REIT Declares Dividend for the Fourth Quarter of 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
dividends
News
Plymouth Industrial REIT Reports Third Quarter Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.61%
Tags
earnings
-
News
Plymouth Industrial REIT Provides Activity Update for Third Quarter 2023
Rhea-AI Summary
Plymouth Industrial REIT announces leasing and development activity for Q3 2023 and details for Q3 earnings conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.46%
Tags
earnings
-
News
Plymouth Industrial REIT Sells Chicago Industrial Building for $19.9 Million
Rhea-AI Summary
Plymouth Industrial REIT, Inc. sold a 306,552-square-foot industrial building in Chicago for $19.9 million, resulting in net proceeds of $13.9 million. The company plans to use the proceeds to pay down debt and fund its development program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.51%
Tags
none
News
Plymouth Industrial REIT Declares Dividend for the Third Quarter of 2023
Rhea-AI Summary
Plymouth Industrial REIT, Inc. declares quarterly dividend of $0.225 per share of common stock for Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
dividends
Stock PLYM logo
Plymouth Industrial Reit Inc

NYSE:PLYM

PLYM Rankings

#2464 Ranked by Market Cap
#1679 Ranked by Stock Gains
#708 Ranked by Dividends

PLYM Stock Data

977.99M
44.75M
1.37%
97.62%
2.71%
Other Financial Vehicles
Finance and Insurance
Link
United States
Boston

About PLYM

plymouth industrial reit (nyse american: plym) is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the united states. the company seeks to acquire properties that provide income and growth, enabling the company to leverage its proven real estate operating expertise through active asset management, prudent property re-positioning and disciplined capital deployment to enhance shareholder value.