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) announced a balance sheet improvement through the early conversion of Series B Preferred Stock into approximately 1.9 million shares of common stock. This conversion, supported by Madison International Realty, simplifies the company's financials without increasing leverage. Plymouth also executed a $150 million interest rate swap, fixing rates on 95% of its debt. The company expects to meet its previously issued full-year 2022 guidance. CEO Jeff Witherell noted the strengthening of the balance sheet, while Madison expressed commitment to Plymouth's growth.
Plymouth Industrial REIT (NYSE: PLYM) reported a net loss of $(0.17) per share for Q2 2022, an improvement from $(0.25) in Q2 2021. Core FFO was $0.47 per share, up 14.6% year-over-year, with total revenue increasing to $45.6 million from $32.9 million. Same Store NOI rose 9.4% on a GAAP basis and 15.8% on a cash basis, reflecting strong leasing activity with a 22.2% increase in rental rates. The Company maintained its full-year guidance with Core FFO projected between $1.80 and $1.85 per share, while addressing 92% of lease expirations for 2022.
Plymouth Industrial REIT, Inc. (NYSE: PLYM) reported robust leasing and acquisition activity for Q2 2022, highlighting a record 1.48 million square feet leased, with a 22.1% cash rental rate increase. The company acquired five industrial buildings, totaling 464,449 square feet for $48.9 million, and an additional Cleveland property for $16.5 million, achieving initial yields of 5.7% and 6.25%, respectively. Their portfolio occupancy stands at 97.3%. An earnings call is scheduled for August 3, 2022, to discuss these developments further.
Plymouth Industrial REIT (NYSE: PLYM) has declared a quarterly cash dividend of $0.22 per share for Q2 2022. This dividend, representing an annualized rate of $0.88 per common share, is set to be paid on July 29, 2022, to stockholders on record as of June 30, 2022. The company continues to focus on acquiring, owning, and managing industrial properties in key U.S. markets.
Plymouth Industrial REIT, Inc. (NYSE: PLYM) reported robust leasing and acquisition activities for Q2 2022, with 1,077,234 square feet of leases signed, including a 22.6% increase in rental rates. The company completed $48.9 million in acquisitions of industrial properties, with strong occupancy rates and projected yields ranging from 5.5% to 8.0%. Plymouth promotes Lyndon Blakesley to Chief Accounting Officer and plans to present at Nareit’s REITweek on June 8, 2022. Overall, the company's portfolio remains 96.3% occupied, indicating strong demand in the industrial real estate market.
Plymouth Industrial REIT (NYSE: PLYM) announced a quarterly cash dividend of
Plymouth Industrial REIT (NYSE: PLYM) reported a net loss of $7.7 million, or $(0.21) per share, for Q1 2022, an increase from a loss of $6.4 million in Q1 2021. Consolidated revenues rose to $42.8 million, up from $31.9 million. Significant metrics include Core FFO of $0.47 per share and Adjusted FFO of $0.40. Same store NOI grew by 5.1% on a cash basis. The company acquired 40 industrial buildings totaling 3.7 million square feet for $204.1 million, enhancing its portfolio. The quarterly dividend was increased by 4.8% to $0.22 per share.
Plymouth Industrial REIT (NYSE: PLYM) reported strong leasing and acquisition activity for Q1 2022. The company initiated leases totaling 1.3 million square feet, featuring a 16.7% cash rental rate increase. Its portfolio reached 97% occupancy. Plymouth acquired 38 industrial buildings for $188.4 million, with a weighted average yield of 6.2%. Notably, the acquisition included properties in prime locations with varying occupancy rates. Additionally, the company raised $17.2 million through its ATM program by issuing 614,800 shares at an average price of $28.43.
Plymouth Industrial REIT, Inc. (NYSE: PLYM) has acquired Madison International Realty’s 80% interest in Plymouth MIR JV LLC for
Plymouth Industrial REIT (NYSE: PLYM) announced a quarterly cash dividend of $0.46875 per share, amounting to an annualized dividend of $1.875 per share, for its 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA) for Q1 2022. The dividend is scheduled to be paid on March 31, 2022, to shareholders of record as of March 15, 2022. This declaration highlights the company’s commitment to returning value to shareholders.
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