Welcome to our dedicated page for Plymouth Industr SEC filings (Ticker: PLYM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Plymouth Industrial REIT, Inc. (NYSE: PLYM), a real estate investment company focused on single and multi-tenant industrial properties. Through its periodic and current reports, Plymouth discloses information about its industrial portfolio, financial performance, acquisitions, leasing activity and significant corporate events.
Investors can review Plymouth’s annual reports on Form 10-K and quarterly reports on Form 10-Q for discussions of its industrial real estate strategy, risk factors, portfolio composition and key metrics such as net operating income and funds from operations. Current reports on Form 8-K highlight material developments, including the completion of acquisitions like the 21-building Ohio industrial portfolio, quarterly earnings releases and supplemental analyst packages, and capital markets actions such as share repurchase programs and credit facility usage.
A major focus of recent filings is the Agreement and Plan of Merger with PIR Ventures LP and related entities. Plymouth has filed multiple Forms 8-K describing the merger terms, including the cash consideration per common share, the planned mergers of the REIT and operating partnership, and the expectation that the company will become private and its shares will be de-registered and cease trading on the New York Stock Exchange if the mergers close. Additional 8-K filings and proxy materials discuss the special meeting of stockholders to vote on the REIT merger, related stockholder litigation, supplemental proxy disclosures and executive compensation arrangements connected to the anticipated change in control.
On Stock Titan, Plymouth’s SEC filings are updated as they are made available on EDGAR, and AI-powered summaries can be used to interpret lengthy documents such as merger-related filings, financial statements and pro forma information. Users can quickly identify key points in Forms 8-K, including merger announcements, acquisition completions and other events, and can examine how these disclosures relate to the company’s industrial property strategy and capital structure. Filings related to the merger also offer insight into how existing equity and partnership interests, restricted stock and performance stock units are expected to be treated if the transactions are consummated.
Plymouth Industrial REIT, Inc. is asking stockholders to approve a cash acquisition by affiliates of Makarora and Ares. If the merger is completed, each share of Plymouth common stock will be converted into the right to receive $22.00 in cash per share, subject to tax withholding and possible adjustments under the Merger Agreement. The transaction is structured as two mergers, one at the REIT level and one at the operating partnership level, after which Plymouth will become a wholly owned subsidiary of the buyer group and its shares will be delisted from the NYSE.
The board of directors unanimously determined that the deal is advisable and in the best interests of the company and recommends voting FOR the merger, the advisory vote on executive compensation tied to the transaction, and any adjournment proposals. Independent financial advisors KeyBanc Capital Markets and J.P. Morgan each delivered fairness opinions stating that the $22.00 per-share cash consideration is fair, from a financial point of view, to holders of Plymouth’s common stock. The proxy also describes treatment of equity awards, partnership units and preferred units, the approximately $2.1 billion financing package, termination fees for both sides, and the lack of appraisal rights under Maryland law.
Plymouth Industrial REIT, Inc. reported changes to executive compensation arrangements in connection with its previously announced merger transactions. The company amended employment agreements for its CEO Jeffrey Witherell, President and CFO Anthony Saladino, and EVP James Connolly so that change in control severance agreements, rather than employment agreements, will exclusively govern severance if their employment ends within six months before or 24 months after a change in control.
The board also amended the change in control severance agreements to apply an increased severance multiplier of three times for each executive at the merger closing and added two-year noncompetition covenants following closing. To address potential “excess parachute payments” under tax rules, the board approved accelerating into late 2025 certain bonuses, restricted stock and performance stock units that would otherwise vest around the merger closing, subject to repayment and true-up provisions. Estimated accelerated compensation totals about $9.8 million for Mr. Witherell, $4.6 million for Mr. Saladino, and $3.1 million for Mr. Connolly, based on a per share merger price of $22.00.
Plymouth Industrial REIT, Inc. (PLYM)4,944,629 shares of common stock, representing 9.99% of the outstanding shares based on 44,551,164 shares as of November 6, 2025. The securities are held through Isosceles, which owns warrants exercisable for 11,760,000 OP Units, but these warrants are subject to an ownership cap that limits the reporting persons’ beneficial stake to no more than 9.99% of outstanding common stock, leading them to disclaim beneficial ownership of 6,815,371 additional issuable shares. The amendment also notes that after Plymouth entered into a separate merger agreement and the go-shop period expired on November 23, 2025, an affiliate of the reporting persons decided to abandon its previously announced non-binding proposal to acquire 100% of Plymouth’s common stock and related operating partnership interests, while the reporting persons continue to hold their investment for general investment purposes.
Hudson Bay Capital Management LP and Sander Gerber filed a Schedule 13G reporting beneficial ownership in Plymouth Industrial REIT, Inc. (PLYM).
They report 2,525,651 shares of common stock, representing 5.67% of the class. The filing shows shared voting power: 2,525,651 and shared dispositive power: 2,525,651, with no sole voting or dispositive power. The percentage is calculated based on 44,553,789 shares outstanding as of August 4, 2025, as cited from the company’s Form 10‑Q. The date of event triggering the filing is September 30, 2025.
The filers certify the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Plymouth Industrial REIT (PLYM) reported a wider quarterly loss alongside significant portfolio growth. For Q3, total revenues were $51.2 million versus $51.9 million a year ago, while net loss widened to $52.5 million. Loss drivers included a $41.4 million loss on a financing transaction, $7.4 million loss in unconsolidated joint ventures, and $2.8 million of merger transaction expenses. Net loss per share was $(1.23) versus $(0.35) last year.
The balance sheet expanded with new acquisitions. Total assets rose to $1.57 billion from $1.37 billion at year‑end, with real estate, net at $1.38 billion. During the nine months, the company acquired 19 properties totaling 2.85 million square feet for $269.7 million and sold one Memphis asset for approximately $2.4 million. As of September 30, Plymouth owned 148 properties (226 buildings) totaling about 32.1 million square feet.
Liquidity and capital. Operating cash flow was $59.0 million year‑to‑date. Borrowings under the unsecured line of credit were $221.9 million, and unsecured term loans remained $450.0 million. The company raised $79.0 million via Series C Preferred Units and repurchased common stock. Management reported compliance with debt covenants.
Plymouth Industrial REIT (NYSE: PLYM) agreed to be acquired through a two‑step merger by affiliates of Makarora and Ares. Each outstanding share of common stock will be converted into the right to receive $22.00 in cash, without interest, subject to the terms of the agreement and any applicable taxes. The board unanimously approved the deal and will submit it to a stockholder vote.
The structure includes a partnership merger immediately before the REIT merger. Operating Partnership Units not held by the Company or its original limited partner will receive $22.00 in cash, and Series C Preferred Units will be redeemed at the contractual Redemption Price. Operating Partnership warrants will become exercisable for consideration determined by the warrant agreement, which will be $0 if the strike price is ≥ $22.00. After closing, PLYM common stock will be delisted.
Closing is expected in early 2026, subject to stockholder approval and customary conditions. Financing commitments include ~$1.4 billion in debt (Citigroup) and up to $700 million in equity from the investors. Termination fees include $40.1 million (or $15.0 million for certain parties) payable by the Company in specified cases, and a $70.2 million reverse fee payable by Parent in certain circumstances. A go‑shop runs until November 23, 2025.
Plymouth Industrial REIT, Inc. completed the purchase of a 21-building portfolio of industrial properties in Columbus, Cleveland, and Cincinnati, Ohio for $193.0 million through an indirect wholly owned subsidiary.
This amended current report adds the required historical combined statements of revenues and certain operating expenses for the Ohio Properties and the company’s unaudited pro forma condensed consolidated financial statements. These pro forma statements illustrate how the acquisition would have affected Plymouth Industrial REIT’s recent balance sheet and operating results, but the company cautions they are not necessarily indicative of future performance because results may change with shifts in the portfolio, capital structure, interest rates, and property-level revenues and expenses.
Schedule 13D filed by TSSP Sub-Fund HoldCo, LLC and Alan Waxman reports a strategic investment and a non-binding buyout proposal for Plymouth Industrial REIT, Inc. The reporting persons disclose beneficial ownership of 4,944,921 shares or 9.99% of common stock on an outstanding base of 44,553,789 shares. Isosceles purchased 140,000 Series C Preferred Units and warrants exercisable for up to 11,760,000 OP Units for an aggregate cash price of $140.0 million. On August 13, 2025, an affiliate submitted a non-binding proposal to acquire 100% of common stock and OP common interests at $24.10 per share, assuming ordinary dividends that could add about $0.24 per share per quarter. The filing describes warrant strike tranches, redemption and voting protections for the Series C Preferred Units, registration rights and a board observer right. The proposal would be financed with Sixth Street cash and approximately $1.5 billion of new debt and remains non-binding.
Madison International Realty Holdings, LLC reports beneficial ownership of 2,217,491 shares of Plymouth Industrial REIT, Inc. common stock, representing 4.86% of the class. The filer indicates it has sole voting and sole dispositive power over these shares and is classified as an IA (investment adviser).
The filing states the position is held in the ordinary course of business and was not acquired to change or influence control of the issuer. The percentage disclosed is calculated against a common share base of 45,550,898 shares outstanding as reported by the issuer.