Plymouth Industrial REIT Announces Tax Treatment of 2024 Dividends

Rhea-AI Summary

Plymouth Industrial REIT (NYSE: PLYM) has disclosed the tax treatment of its 2024 dividends for common stockholders. The company distributed quarterly dividends of $0.24 per share throughout 2024, with payment dates in April, July, October 2024, and January 2025. The total distribution for 2024 amounted to $0.967658 per share. The entire distribution was classified as capital gain, with $0.466565 being unrecaptured Section 1250 gain. Notably, there was no ordinary dividend component or return of capital in the 2024 distributions.

Positive

• Consistent quarterly dividend payments of $0.24 per share throughout 2024
• Total annual distribution of $0.967658 per share
• No return of capital component, indicating quality of earnings

Negative

• None.

BOSTON, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the tax treatment of its 2024 dividends to common stockholders. The following table summarizes Plymouth Industrial REIT’s dividends to stockholders of Common Stock CUSIP #729640102 traded on the NYSE under ticker symbol “PLYM” for the tax year ended December 31, 2024:

Record Date	Payment Date	Total Cash Distribution Per Share	Total Distribution Allocable to 2024	Ordinary Dividend Per Share	Capital Gain Distribution Per Share	Unrecaptured Sec. 1250 Gain	Return of Capital Per Share
3/28/2024	4/30/2024	$0.240000	$0.240000	$0.000000	$0.240000	$0.115735	$0.000000
6/28/2024	7/31/2024	$0.240000	$0.240000	$0.000000	$0.240000	$0.115699	$0.000000
9/30/2024	10/31/2024	$0.240000	$0.240000	$0.000000	$0.240000	$0.115710	$0.000000
12/31/2024	1/31/2025	$0.240000	$0.240000	$0.000000	$0.240000	$0.115717	$0.000000
		$0.967658	$0.967658	$0.000000	$0.967658	$0.466565	$0.000000

About Plymouth

Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.

Contact:
John Wilfong
SCR Partners
IR@plymouthreit.com

FAQ

What is the quarterly dividend amount for Plymouth Industrial REIT (PLYM) in 2024?

Plymouth Industrial REIT paid quarterly dividends of $0.24 per share throughout 2024.

How much of PLYM's 2024 dividend distribution was classified as capital gains?

The entire 2024 distribution of $0.967658 per share was classified as capital gains.

What is the unrecaptured Section 1250 gain portion of PLYM's 2024 dividends?

The unrecaptured Section 1250 gain portion was $0.466565 per share for 2024.

When are PLYM's dividend payment dates for 2024?

PLYM's dividend payment dates were April 30, July 31, October 31, 2024, and January 31, 2025.

Did Plymouth Industrial REIT (PLYM) distribute any return of capital in 2024?

No, PLYM did not distribute any return of capital in its 2024 dividends.