Jennison Associates (PLYM) discloses 3.4% beneficial stake in Plymouth Industrial REIT

Rhea-AI Filing Summary

Jennison Associates LLC filed an amended Schedule 13G reporting its beneficial ownership in Plymouth Industrial REIT Inc. As of 12/31/2025, Jennison beneficially owned 1,532,682 shares, representing 3.4% of the REIT’s outstanding class.

Jennison reported sole power to vote these 1,532,682 shares and shared power to dispose of the same number, with no shared voting power and no sole dispositive power. The firm certified that the holdings were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Plymouth Industrial REIT.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

PLYMOUTH INDUSTRIAL REIT INC

(Name of Issuer)

REIT

(Title of Class of Securities)

729640102

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 729640102

1

Names of Reporting Persons

Jennison Associates LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,532,682.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,532,682.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,532,682.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PLYMOUTH INDUSTRIAL REIT INC
(b)	Address of issuer's principal executive offices: 20 Custom House Street, 11th Floor, Boston, MA 02110-3115
Item 2.
(a)	Name of person filing: Jennison Associates LLC
(b)	Address or principal business office or, if none, residence: 55 East 52nd Street, New York, NY 10055
(c)	Citizenship: USA
(d)	Title of class of securities: REIT
(e)	CUSIP No.: 729640102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1532682
(b)	Percent of class: 3.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1532682
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1532682
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Jennison Associates LLC

Signature:	Beata Markowicz
Name/Title:	Senior Vice President, Compliance
Date:	01/30/2026

FAQ

What stake does Jennison Associates LLC report in PLYM?

Jennison Associates LLC reports beneficial ownership of 1,532,682 shares of Plymouth Industrial REIT Inc., representing 3.4% of the class as of December 31, 2025. This reflects an institutional position rather than a controlling stake in the company.

What type of filing did PLYM receive from Jennison Associates LLC?

Plymouth Industrial REIT Inc. is the subject of an amended Schedule 13G filing (Amendment No. 5) by Jennison Associates LLC. This form is used for passive ownership reporting, indicating the shares are not held to influence control.

How much voting and dispositive power does Jennison have over PLYM shares?

Jennison Associates LLC reports sole voting power over 1,532,682 shares of Plymouth Industrial REIT Inc. and shared dispositive power over the same number. It reports no shared voting power and no sole dispositive power over these securities.

Is Jennison Associates LLC seeking control of Plymouth Industrial REIT (PLYM)?

Jennison Associates LLC certifies that the PLYM securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, nor in connection with any transaction intended to have that effect.

What is the event date for Jennison’s reported PLYM holdings?

The reported beneficial ownership of Plymouth Industrial REIT Inc. by Jennison Associates LLC is tied to an event date of December 31, 2025. This date anchors the 1,532,682-share and 3.4% ownership figures disclosed in the amended Schedule 13G.

Who signed the amended Schedule 13G for Jennison regarding PLYM?

The amended Schedule 13G for Plymouth Industrial REIT Inc. was signed by Beata Markowicz, identified as Senior Vice President, Compliance at Jennison Associates LLC, certifying that the information in the statement is true, complete, and correct.