Private company
Plymouth Industrial REIT, Inc.
Plymouth Industrial REIT, Inc. is an American real estate investment trust based in Boston.1
Last updated Oct 21, 2026.
Overview
- IndustryReal Estate Investment Trusts1
- HeadquartersBoston, Massachusetts1
- Incorporated inMD2
- Business address20 Custom House Street - 11Th Floor, Boston, Ma 021102
- Filer categoryLarge accelerated filer2
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As such, the operating data of the joint venture is not consolidated with that of the Company.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Other costs10¢$19.1M
- Interest19¢$37.4M
- Income tax1¢$2.5M
- Profit70¢$139.3M
Out of $198.4M in revenue.5
Where each dollar of operating cash went, fiscal 2024
- Dividends paid45¢$43.6M
- Kept or used elsewhere55¢$52.5M
Out of $96.1M of cash from operations.5
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | $49.2M6 | $75.3M7 | $109.9M8 | $140.6M9 | $183.5M5 | $199.8M5 | $198.4M5 |
| Operating expenses | $131.2M9 | $167.9M5 | $170.3M5 | $162.2M5 | |||
| Operating income | -$1.1M10 | ||||||
| Interest | $15.7M6 | $14.9M7 | $18.9M8 | $20.0M9 | $32.2M5 | $38.3M5 | $37.4M5 |
| Income before tax | -$17.1M5 | $13.8M5 | $144.9M5 | ||||
| Income tax | $2.5M5 | ||||||
| Net income | -$18.7M6 | -$10.4M7 | -$13.8M8 | -$15.0M9 | -$16.9M5 | $13.7M5 | $139.3M5 |
| Earnings per share | -$0.949 | -$0.675 | $0.205 | $3.065 | |||
| Earnings per share (diluted) | -$0.949 | -$0.675 | $0.205 | $3.065 | |||
| Shares (weighted, basic) | 30.9M shares9 | 39.8M shares5 | 43.6M shares5 | 45.0M shares5 | |||
| Shares (weighted, diluted) | 30.9M shares9 | 39.8M shares5 | 43.6M shares5 | 45.0M shares5 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash | $15.0M7 | $22.4M8 | $32.1M9 | $43.4M5 | $31.2M5 | $26.2M5 | $43.6M5 |
| Intangible assets | $75.9M8 | $70.7M9 | $51.5M5 | $41.7M5 | |||
| Total assets | $470.2M6 | $685.5M7 | $920.3M13 | $1.3B8 | $1.5B9 | $1.4B5 | $1.4B5 |
| Long-term debt | $522.0M7 | $692.2M13 | $918.7M8 | $873.4M9 | $646.4M5 | ||
| Total liabilities | $346.2M6 | $442.1M7 | $581.1M13 | $767.3M8 | $998.1M9 | $953.7M5 | $781.3M5 |
| Retained earnings | -$177.3M8 | -$194.2M9 | -$182.6M5 | -$43.3M5 | |||
| Shareholders’ equity | -$11.6M6 | $108.0M7 | $198.8M13 | $355.8M8 | $471.0M9 | $483.0M5 | $579.5M5 |
| Shares outstanding | 4.8M shares6 | 14.1M shares7 | 25.3M shares13 | 36.1M shares8 | 42.8M shares9 | 45.3M shares5 | 45.4M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $14.9M6 | $27.7M7 | $41.7M8 | $57.9M9 | $72.2M5 | $81.9M5 | $96.1M5 |
| Depreciation and amortization | $25.3M9 | $31.7M5 | $24.9M5 | $19.6M5 | |||
| Stock-based compensation | $1.6M9 | $2.6M5 | $3.0M5 | $4.2M5 | |||
| Cash from investing | -$356.1M9 | -$252.4M5 | -$79.0K5 | $87.5M5 | |||
| Dividends paid | $11.1M6 | $19.9M7 | $25.7M8 | $31.5M9 | $40.0M5 | $41.9M5 | $43.6M5 |
| Share buybacks | $5.1M6 | ||||||
| Cash from financing | $309.5M9 | $168.0M5 | -$86.8M5 | -$166.1M5 | |||
| Dividend per share | $0.838 | $0.889 | $0.905 | $0.9612 |
Corporate structure
Plymouth Industrial REIT, Inc. sits at the top of its group. 88 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Plymouth Industrial REIT, Inc.
- Prudential Financial Filed SCHEDULE 13G/A on Plymouth Industrial REIT, Inc., latest Feb 13, 2026 (6 filings since Feb 13, 2023)
- Hudson Bay Capital Management LP Filed SCHEDULE 13G/A on Plymouth Industrial REIT, Inc., latest Feb 9, 2026 (2 filings since Nov 12, 2025)
- TSSP Sub-Fund HoldCo LLC Filed SCHEDULE 13D/A on Plymouth Industrial REIT, Inc., latest Feb 6, 2026 (4 filings since Sep 5, 2024)
- JENNISON ASSOCIATES LLC Filed SCHEDULE 13G/A on Plymouth Industrial REIT, Inc., latest Jan 30, 2026 (6 filings since Feb 8, 2023)
- GLAZER CAPITAL, LLC Filed SCHEDULE 13G on Plymouth Industrial REIT, Inc., latest Jan 13, 2026
- Madison International Realty Holdings, LLC Filed SCHEDULE 13G/A on Plymouth Industrial REIT, Inc., latest Aug 13, 2025 (5 filings since May 5, 2022)
- FMR LLC Filed SCHEDULE 13G/A on Plymouth Industrial REIT, Inc., latest May 12, 2025 (4 filings since Feb 9, 2022)
- BlackRock Filed SCHEDULE 13G/A on Plymouth Industrial REIT, Inc., latest Apr 17, 2025 (5 filings since Feb 3, 2022)
- SILVERCREST ASSET MANAGEMENT GROUP LLC Filed SCHEDULE 13G/A on Plymouth Industrial REIT, Inc., latest Feb 14, 2025 (3 filings since Feb 14, 2023)
- VANGUARD GROUP INC Filed SC 13G/A on Plymouth Industrial REIT, Inc., latest Feb 13, 2024 (5 filings since Feb 10, 2022)
- Westwood Holdings Group Filed SC 13G on Plymouth Industrial REIT, Inc., latest Feb 25, 2022
- Plymouth Industrial REIT, Inc. Boston, Massachusetts
- Plymouth 10455 Marina MS LLC Subsidiary · Delaware, United States
- Plymouth 10682 Ridgewood MS LLC Subsidiary · Delaware, United States
- Plymouth 1099 Dodds GA LLC Subsidiary · Delaware, United States
- Plymouth 1120 W 130 th Street OH LLC Subsidiary · Delaware, United States
- Plymouth 11236 Harland LLC Subsidiary · Delaware, United States
- Plymouth 11646 Lakeside Crossing MO LLC Subsidiary · Delaware, United States
- Plymouth 1413 Lovers Lane GA LLC Subsidiary · Delaware, United States
- Plymouth 1520 Experiment Farm Road OH LLC Subsidiary · Delaware, United States
- Plymouth 1570 East P Street LLC Subsidiary · Delaware, United States
- Plymouth 1700-1710 Dunn TN LLC Subsidiary · Delaware, United States
- Plymouth 1755 Enterprise LLC Subsidiary · Delaware, United States
- Plymouth 1814 S Third TN LLC Subsidiary · Delaware, United States
- Plymouth 1901-1939 Beltway MO LLC Subsidiary · Delaware, United States
- Plymouth 210 American LLC Subsidiary · Delaware, United States
- Plymouth 2180 Corporate Drive OH LLC Subsidiary · Delaware, United States
- Plymouth 22209 Rockside Road OH LLC Subsidiary · Delaware, United States
- Plymouth 2626 Port Road OH LLC Subsidiary · Delaware, United States
- Plymouth 2635 Metro LLC Subsidiary · Delaware, United States
- Plymouth 2800 Howard Street OH LLC Subsidiary · Delaware, United States
- Plymouth 2950 Brother TN LLC Subsidiary · Delaware, United States
- Plymouth 30339 Diamond Parkway LLC Subsidiary · Delaware, United States
- Plymouth 3051 Gateway Center IL LLC Subsidiary · Delaware, United States
- Plymouth 3100 Creekside LLC Subsidiary · Delaware, United States
- Plymouth 31000 Viking Parkway OH LLC Subsidiary · Delaware, United States
- Plymouth 32 Dart LLC Subsidiary · Delaware, United States
- and 62 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Plymouth Industrial REIT, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $181.4M5 Dec 31, 2024 | $226.0M5 Dec 31, 2023 | −19.8% |
| Finance-lease assets | $818.0K5 Dec 31, 2024 | $845.0K5 Dec 31, 2023 | −3.2% |
| Operating-lease assets (leased space) | $4.2M5 Dec 31, 2024 | $4.8M5 Dec 31, 2023 | −12.9% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $1.2B5 Dec 31, 2024 | $1.3B5 Dec 31, 2023 | −11.0% |
| Real estate investments, at cost | $1.4B5 Dec 31, 2024 | $1.6B5 Dec 31, 2023 | −9.5% |
| Real estate accumulated depreciation | $261.6M5 Dec 31, 2024 | $268.0M5 Dec 31, 2023 | −2.4% |
| Real estate properties | 95 Dec 31, 2024 | 299 Dec 31, 2022 | −69.0% |
| Area of real estate | 1.9 million sq ft5 Dec 31, 2024 | 4.2 million sq ft9 Dec 31, 2022 | −54.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $138.2M5 Dec 31, 2024 | $161.5M5 Dec 31, 2023 | −14.5% |
| Accumulated amortization | $96.5M5 Dec 31, 2024 | $110.0M5 Dec 31, 2023 | −12.3% |
| Finite-lived intangibles, net | $41.7M5 Dec 31, 2024 | $51.5M5 Dec 31, 2023 | −19.0% |
Properties, in its own words
The following table provides certain information with respect to the Company Portfolio, as of December 31, 2024.
Market · Property (1) · City · State · Property Type · Year Built/ Renovated (2) · Square Footage · Occupancy · Annualized Rent (3) · Percent of Total Annualized Rent (4) · Annualized Rent/ Square Footage (5)
The rest of Item 2
Atlanta · 1099 Dodds Avenue · Adairsville · GA · Warehouse/Distribution · 2005 · 150,000 · 100% · 656,625 · 0.5% · 4.38
1413 Lovers Lane · Augusta · GA · Warehouse/Distribution · 1999 · 200,000 · 100% · 738,075 · 0.6% · 3.69
1665 Dogwood Drive SW · Conyers · GA · Warehouse/Distribution · 1973 · 198,000 · 100% · 745,707 · 0.6% · 3.77
1715 Dogwood Drive · Conyers · GA · Warehouse/Distribution · 1973 · 100,000 · 100% · 284,614 · 0.2% · 2.85
11236 Harland Drive · Covington · GA · Warehouse/Distribution · 1988 · 32,361 · 100% · 161,805 · 0.1% · 5.00
40 Pinyon Road · Covington · GA · Warehouse/Distribution · 1997 · 60,148 · 100% · 375,074 · 0.3% · 6.24
32 Dart Road · Newnan · GA · Warehouse/Light Manufacturing · 1988/2014 · 194,800 · 100% · 899,190 · 0.7% · 4.62
Peachtree City · Peachtree City · GA · Small Bay Industrial · 1979 & 2013 · 297,926 · 100% · 1,818,714 · 1.4% · 6.11
Peachtree City II · Peachtree City · GA · Small Bay Industrial · 1989 · 117,000 · 98% · 961,944 · 0.7% · 8.38
6739 New Calhoun Highway NE · Rome · GA · Warehouse/Distribution · 1981/1996 & 2017 · 320,000 · 100% · 1,014,400 · 0.8% · 3.17
6777-6785 New Calhoun Highway NE · Rome · GA · Warehouse/Distribution · 2023 · 416,600 · 100% · 2,454,346 · 1.9% · 5.89
Boston · 54-56 Milliken · Portland · ME · Warehouse/Light Manufacturing · 1966 & 2022/2013 · 268,713 · 100% · 2,361,129 · 1.8% · 8.79
Charlotte · 1570 East P Street Extension · Newton · NC · Warehouse/Light Manufacturing · 2005 · 155,220 · 100% · 1,229,184 · 0.9% · 7.92
Cincinnati · Cornell Commerce Center · Blue Ash · OH · Small Bay Industrial · 1976 · 165,521 · 98% · 1,089,646 · 0.8% · 6.74
1220-1230 Hillsmith Drive · Cincinnati · OH · Warehouse/Distribution · 1975 · 46,039 · 100% · 260,034 · 0.2% · 5.65
1-45 Techview Drive · Cincinnati · OH · Warehouse/Distribution · 1981-1982 · 86,462 · 91% · 423,316 · 0.3% · 5.35
4225-4331 Dues Drive · Cincinnati · OH · Warehouse/Distribution · 1972 · 303,000 · 100% · 1,651,663 · 1.3% · 5.45
613-637 Redna Terrace · Cincinnati · OH · Warehouse/Distribution · 1965 · 74,521 · 100% · 459,401 · 0.4% · 6.16
8080 Reading Road · Cincinnati · OH · Warehouse/Distribution · 2007 · 10,000 · 100% · 68,000 · 0.1% · 6.80
3741 Port Union Rd · Fairfield · OH · Warehouse/Distribution · 1995/2001 · 53,602 · 93% · 313,167 · 0.2% · 6.30
4115 Thunderbird · Fairfield · OH · Warehouse/Distribution · 1991 · 70,000 · 100% · 278,567 · 0.2% · 3.98
Fisher Industrial Park · Fairfield · OH · Warehouse/Light Manufacturing · 1946, 2023 · 1,403,932 · 99% · 5,970,010 · 4.6% · 4.31
Fairfield Business Center · Fairfield · OH · Small Bay Industrial · 1990 · 39,558 · 100% · 248,029 · 0.2% · 6.27
7585 Empire Drive · Florence · KY · Warehouse/Light Manufacturing · 1973 · 148,415 · 61% · 361,460 · 0.3% · 4.00
3825 Symmes Road · Hamilton · OH · Warehouse/Distribution · 1990/1994 · 41,060 · 100% · 301,729 · 0.2% · 7.35
11540-11630 Mosteller · Sharonville · OH · Warehouse/Light Manufacturing · 1959 · 358,386 · 66% · 763,747 · 0.6% · 3.23
2700 Kemper Road · Sharonville · OH · Small Bay Industrial · 1990 · 85,718 · 100% · 663,648 · 0.5% · 7.75
2800 Kemper Road · Sharonville · OH · Small Bay Industrial · 1989 · 82,832 · 94% · 663,306 · 0.5% · 8.50
Cleveland · 1200 Chester Industrial Parkway N · Avon · OH · Warehouse/Distribution · 2007/2009 · 207,160 · 100% · 942,578 · 0.7% · 4.55
1200 Chester Industrial Parkway S · Avon · OH · Warehouse/Light Manufacturing · 1991 · 90,628 · 100% · 472,182 · 0.4% · 5.21
1350 Moore Road · Avon · OH · Warehouse/Distribution · 1997 · 109,075 · 0% · - · 0.0% · -
22209 Rockside Road · Bedford · OH · Warehouse/Distribution · 2008/2021 · 197,518 · 100% · 1,121,902 · 0.9% · 5.68
1120 West 130th St · Brunswick · OH · Warehouse/Distribution · 2000 · 100,301 · 100% · 534,849 · 0.4% · 5.33
4211 Shuffel Street NW · Canton · OH · Warehouse/Light Manufacturing · 1994 · 255,000 · 100% · 1,473,502 · 1.1% · 5.78
2100 International Parkway · Canton · OH · Warehouse/Light Manufacturing · 2000 · 274,464 · 0% · - · 0.0% · -
2210 International Parkway · Canton · OH · Warehouse/Distribution · 2001 · 350,000 · 100% · 1,568,000 · 1.2% · 4.48
14801 County Rd 212 · Findlay · OH · Warehouse/Distribution · 1998 · 405,000 · 100% · 1,560,804 · 1.2% · 3.85
30339 Diamond Parkway · Glenwillow · OH · Warehouse/Distribution · 2007 · 400,184 · 100% · 2,735,835 · 2.1% · 6.84
Gilchrist Road I · Mogadore · OH · Warehouse/Distribution · 1961-1978 · 209,592 · 100% · 882,291 · 0.7% · 4.21
Gilchrist Road II · Mogadore · OH · Warehouse/Distribution · 1991-1994 · 473,046 · 100% · 1,768,210 · 1.4% · 3.74
Gilchrist Road III · Mogadore · OH · Warehouse/Distribution · 1994/1998 · 335,521 · 93% · 1,252,039 · 1.0% · 4.02
1366 Commerce Drive · Stow · OH · Warehouse/Distribution · 1960 · 216,000 · 93% · 765,000 · 0.6% · 3.83
1755 Enterprise · Twinsburg · OH · Warehouse/Light Manufacturing · 1978/2005 · 255,570 · 100% · 1,426,236 · 1.1% · 5.58
31000 Viking Parkway · Westlake · OH · Small Bay Industrial · 1998 · 100,150 · 100% · 665,295 · 0.5% · 6.64
Columbus · 1650-1654 Williams Road · Columbus · OH · Warehouse/Distribution · 1973/1974 & 1975 · 772,450 · 100% · 2,364,186 · 1.8% · 3.06
2120-2138 New World · Columbus · OH · Warehouse/Distribution · 1971 · 121,200 · 100% · 446,892 · 0.3% · 3.69
2626 Port Road · Columbus · OH · Warehouse/Distribution · 1994 · 156,641 · 100% · 531,358 · 0.4% · 3.39
8273 Green Meadows · Lewis Center · OH · Warehouse/Distribution · 1996/2007 · 77,271 · 100% · 417,934 · 0.3% · 5.41
8288 Green Meadows · Lewis Center · OH · Warehouse/Distribution · 1988 · 300,000 · 100% · 1,096,030 · 0.8% · 3.65
Item 2 of the 10-K filed Mar 3, 2025.4
Leadership
Who has led Plymouth Industrial REIT, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerJeffrey E. Witherell Jun 9, 2017 to now14
- PresidentAnthony Saladino Apr 28, 2025 to now15
- PresidentPendleton P. White Jun 14, 2017 to Feb 21, 202316
- Chief financial officerAnthony Saladino Apr 8, 2022 to now17
Board members and other officers (9)
- EVP/Asset ManagementJames Connolly Apr 29, 2024 to now18
- Board memberJohn W. Guinee Iii. Jan 29, 2021 to now19
- Board memberCaitlin Murphy Apr 15, 2021 to now20
- Board memberJeffrey E. Witherell Jun 9, 2017 to now14
- Board memberPendleton P. White Jun 14, 2017 to now16
- Board memberDavid Gaw Jun 20, 2017 to now21
- Board memberMartin Barber Jun 20, 2017 to Jul 5, 202222
- Board memberPhilip S. Cottone Jun 20, 2017 to now23
- Board memberRichard J. Deagazio Jun 20, 2017 to now24
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Plymouth 10455 Marina MS LLC Delaware3
- Plymouth 10682 Ridgewood MS LLC Delaware3
- Plymouth 1099 Dodds GA LLC Delaware3
- Plymouth 1120 W 130 th Street OH LLC Delaware3
- Plymouth 11236 Harland LLC Delaware3
- Plymouth 11646 Lakeside Crossing MO LLC Delaware3
- Plymouth 1413 Lovers Lane GA LLC Delaware3
- Plymouth 1520 Experiment Farm Road OH LLC Delaware3
- Plymouth 1570 East P Street LLC Delaware3
- Plymouth 1700-1710 Dunn TN LLC Delaware3
- Plymouth 1755 Enterprise LLC Delaware3
- Plymouth 1814 S Third TN LLC Delaware3
- Plymouth 1901-1939 Beltway MO LLC Delaware3
- Plymouth 210 American LLC Delaware3
- Plymouth 2180 Corporate Drive OH LLC Delaware3
- Plymouth 22209 Rockside Road OH LLC Delaware3
- Plymouth 2626 Port Road OH LLC Delaware3
- Plymouth 2635 Metro LLC Delaware3
- Plymouth 2800 Howard Street OH LLC Delaware3
- Plymouth 2950 Brother TN LLC Delaware3
- Plymouth 30339 Diamond Parkway LLC Delaware3
- Plymouth 3051 Gateway Center IL LLC Delaware3
- Plymouth 3100 Creekside LLC Delaware3
- Plymouth 31000 Viking Parkway OH LLC Delaware3
All 87 listed subsidiaries
- Plymouth 32 Dart LLC Delaware3
- Plymouth 3525 Arlington Ave IN LLC Delaware3
- Plymouth 3635 Knight Road LLC Delaware3
- Plymouth 3650 Distriplex TN LLC Delaware3
- Plymouth 3670 S Perkins TN LLC Delaware3
- Plymouth 3701 David Howarth Drive IN LLC Delaware3
- Plymouth 3741 Port Union Road OH LLC Delaware3
- Plymouth 3919 Lakeview IL LLC Delaware3
- Plymouth 3980 Premier TN LLC Delaware3
- Plymouth 4101 Willow Lake TN LLC Delaware3
- Plymouth 4115 Thunderbird LLC Delaware3
- Plymouth 4225-4331 Dues Drive OH LLC Delaware3
- Plymouth 4430 Sam Jones LLC Delaware3
- Plymouth 4848 Park 370 MO LLC Delaware3
- Plymouth 54 Milliken Street ME LLC Delaware3
- Plymouth 56 Milliken LLC Delaware3
- Plymouth 5846 Distribution TN LLC Delaware3
- Plymouth 6290 Shelby View TN LLC Delaware3
- Plymouth 7001 Americana LLC Delaware3
- Plymouth 7560 Priority MS LLC Delaware3
- Plymouth 7585 Empire LLC Delaware3
- Plymouth 7750 Georgetown IN LLC Delaware3
- Plymouth 7901 West 21 st Street LLC Delaware3
- Plymouth 8000-8001 Belfort FL LLC Delaware3
- Plymouth 8273 Green Meadows LLC Delaware3
- Plymouth 8288 Green Meadows LLC Delaware3
- Plymouth 8970 Deerfield MS LLC Delaware3
- Plymouth 952 Dorset Road OH LLC Delaware3
- Plymouth Beaty Appling TN LLC Delaware3
- Plymouth Burbank TN LLC Delaware3
- Plymouth Center Point Business Park LLC Delaware3
- Plymouth Chicago Portfolio LLC Delaware3
- Plymouth Collins TN LLC Delaware3
- Plymouth Corporate Woods MO LLC Delaware3
- Plymouth Dixie Highway LLC Delaware3
- Plymouth Dixie Highway Land LLC Delaware3
- Plymouth Dogwood LLC Delaware3
- Plymouth Dublin Office LLC Delaware3
- Plymouth Industrial OP, LP Delaware3
- Plymouth Latty Avenue MO LLC Delaware3
- Plymouth Liberty Business Park LLC Delaware3
- Plymouth MIR Memphis Portfolio LLC Delaware3
- Plymouth MWG Holdings LLC Delaware3
- Plymouth Memphis ABP LLC Delaware3
- Plymouth Mosteller LLC Delaware3
- Plymouth New Calhoun II GA LLC Delaware3
- Plymouth New World LLC Delaware3
- Plymouth North Shadeland LLC Delaware3
- Plymouth OP Limited LLC Delaware3
- Plymouth One Place TN LLC Delaware3
- Plymouth Orange Point LLC Delaware3
- Plymouth Outland Center Parcel One TN LLC Delaware3
- Plymouth Outland Center Parcel Two TN LLC Delaware3
- Plymouth Peachtree City One LLC Delaware3
- Plymouth Phantom Drive LLC Delaware3
- Plymouth Revco LLC Delaware3
- Plymouth Salisbury Business Park LLC Delaware3
- Plymouth Shadeland Commerce Center LLC Delaware3
- Plymouth Shelby 2 TN LLC Delaware3
- Plymouth Shelby LLC Delaware3
- Plymouth South Bend LLC Delaware3
- Plymouth Southpark LLC Delaware3
- Plymouth Williams Road OH LLC Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Jan 27, 20268-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer25
- Jan 22, 20268-K Shareholder vote; Regulation FD disclosure26
- Jan 15, 20268-K Other events27
- Jan 12, 20268-K Other events28
- Dec 5, 20258-K Executive or director change29
- Oct 24, 20258-K Entered a material agreement; Regulation FD disclosure30
- Aug 25, 20258-K Financial statements and exhibits31
- Aug 6, 20258-K Results of operations; Regulation FD disclosure32
- Jun 20, 20258-K Completed an acquisition or sale33
- Jun 16, 20258-K Shareholder vote34
- Jun 3, 20258-K Entered a material agreement; Regulation FD disclosure35
- May 1, 20258-K Results of operations; Regulation FD disclosure36
- Jun 9, 2017New chief executive Jeffrey E. Witherell becomes CEO14
Calendar
When it reported results
- Aug 6, 2025Reported quarterly or annual results32
- May 1, 2025Reported quarterly or annual results36
- Feb 26, 2025Reported quarterly or annual results37
- Nov 6, 2024Reported quarterly or annual results38
- Aug 7, 2024Reported quarterly or annual results39
- Jul 31, 2024Reported quarterly or annual results40
- May 3, 2024Reported quarterly or annual results41
- May 1, 2024Reported quarterly or annual results42
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
221 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 55 major events, 74 insider forms, 42 large holders, 33 other. The latest 20:
- Feb 13, 2026SCHEDULE 13G/A EDGAR
- Feb 9, 2026SCHEDULE 13G/A EDGAR
- Feb 6, 2026EFFECT EDGAR
- Feb 6, 2026SCHEDULE 13D/A EDGAR
- Feb 6, 202615-12G EDGAR
- Jan 30, 2026SCHEDULE 13G/A EDGAR
- Jan 28, 2026S-8 POS EDGAR
- Jan 28, 2026S-8 POS EDGAR
- Jan 28, 2026S-8 POS EDGAR
- Jan 28, 2026S-8 POS EDGAR
- Jan 28, 2026POS AM EDGAR
- Jan 28, 2026POSASR EDGAR
- Jan 28, 20264 EDGAR
- Jan 28, 20264 EDGAR
- Jan 28, 20264 EDGAR
- Jan 28, 20264 EDGAR
- Jan 28, 20264 EDGAR
- Jan 28, 20264 EDGAR
- Jan 28, 20264 EDGAR
- Jan 28, 20264 EDGAR
The 221 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
8 open-market trades by officers, directors and large owners since October 2021: 4 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 19, 2025 | Connolly JamesEVP/Asset Management | Sale | 59,376 | $21.86 | $1.3M | Form 4 |
| Dec 19, 2025 | Saladino AnthonyPresident and CFO | Sale | 88,730 | $21.86 | $1.9M | Form 4 |
| Dec 19, 2025 | Witherell Jeffrey ECEO | Sale | 151,583 | $21.86 | $3.3M | Form 4 |
| Mar 21, 2025 | GUINEE JOHN W IIIDirector | Buy | 5,250 | $17.00 | $89.2K | Form 4 |
| Nov 15, 2024 | WHITE PENDLETON P. JR.Director | Buy | 5,000 | $18.39 | $92.0K | Form 4 |
| Nov 15, 2024 | Witherell Jeffrey ECEO | Buy | 2,000 | $18.49 | $37.0K | Form 4 |
| Aug 19, 2024 | Dickerman Ronald | Sale | 563,438 | $23.58 | $13.3M | Form 4 |
| Mar 14, 2024 | WHITE PENDLETON PDirector | Buy | 4,000 | $21.58 | $86.3K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Prudential FinancialSCHEDULE 13G/A, 6 filings Feb 13, 2023 to Feb 13, 202643
- Hudson Bay Capital Management LPSCHEDULE 13G/A, 2 filings Nov 12, 2025 to Feb 9, 202644
- TSSP Sub-Fund HoldCo LLCSCHEDULE 13D/A, 4 filings Sep 5, 2024 to Feb 6, 202645
- JENNISON ASSOCIATES LLCSCHEDULE 13G/A, 6 filings Feb 8, 2023 to Jan 30, 202646
- GLAZER CAPITAL, LLCSCHEDULE 13G, 1 filing Jan 13, 202647
- Madison International Realty Holdings, LLCSCHEDULE 13G/A, 5 filings May 5, 2022 to Aug 13, 202548
- FMR LLCSCHEDULE 13G/A, 4 filings Feb 9, 2022 to May 12, 202549
- BlackRockSCHEDULE 13G/A, 5 filings Feb 3, 2022 to Apr 17, 202550
- SILVERCREST ASSET MANAGEMENT GROUP LLCSCHEDULE 13G/A, 3 filings Feb 14, 2023 to Feb 14, 202551
- VANGUARD GROUP INCSC 13G/A, 5 filings Feb 10, 2022 to Feb 13, 202452
- Westwood Holdings GroupSC 13G, 1 filing Feb 25, 202253
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | Jeffrey E. Witherell | $643.8K | $3.1M54 | |
| 2024 | Anthony Saladino | 51 | $443.8K | $1.7M54 |
| 2024 | James M. Connolly | 62 | $343.8K | $1.2M54 |
| 2023 | Chief Executive Officer | $600.0K | $3.2M54 | |
| 2023 | Executive VicePresident | $400.0K | $1.7M54 | |
| 2022 | Chief Executive Officer | $550.0K | $2.2M54 | |
| 2022 | and Chief Financial Officer | $325.0K | $991.9K54 | |
| 2022 | Asset Management | $300.0K | $785.5K54 |
SEC filer profile
How Plymouth Industrial REIT, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPlymouth Industrial REIT, Inc.1
- CIK0001515816
- Employer ID (EIN)27-54661534
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inMaryland4
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address20 Custom House Street - 11Th Floor, Boston, MA 021101
- Phone617-340-38141
- Shares outstanding44,551,164 as of Nov 6, 202512
- Public float$954.2M as of Jun 30, 20244
- AuditorPricewaterhouseCoopers LLP, Boston, Massachusetts PCAOB ID 238; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceMar 24, 20111
- Filings639 in all: 8-K (185), 4 (126), 10-Q (39), SC 13G/A (24), CORRESP (21), UPLOAD (20), 8-K/A (18), S-11/A (17)1
All 52 form types
424B5 (16), SCHEDULE 13G/A (16), SC 13G (14), 10-K (13), 3 (13), EFFECT (13), 424B3 (12), DEF 14A (12), POS AM (9), FWP (5), DEFA14A (4), S-11 (4), S-8 (4), S-8 POS (4), 10-Q/A (3), 144 (3), 8-A12B (3), DEFR14A (3), S-3 (3), 10-K/A (2), 25-NSE (2), 4/A (2), 424B4 (2), CERTNYS (2), DRS (2), NT 10-K (2), S-3ASR (2), SCHEDULE 13D/A (2), SCHEDULE 13G (2), 15-12G (1), 15-15D (1), 25 (1), 3/A (1), ARS (1), CERT (1), DEFM14A (1), DRSLTR (1), NT 10-Q (1), POSASR (1), PRE 14A (1), PREM14A (1), RW (1), S-3/A (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Mar 3, 2025
Quarterly report (10-Q) Nov 10, 2025
Proxy statement (DEF 14A) Apr 28, 2025
Latest 8-K (8-K) Jan 27, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | PLYM | New York Stock Exchange |
From the cover page of the 10-K filed Mar 3, 2025 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Plymouth Industrial REIT, Inc. names in Item 1A of its 10-K filed Mar 3, 2025: 72 risks under these headings, as written.4
- Risks Related to Our Business and Operations
- Our Company Portfolio is concentrated in the industrial real estate sector, and our business could be adversely affected by an economic downturn in that sector.
- We are subject to risks associated with single-tenant leases, and the default by one or more tenants could materially adversely affect our results of operations and financial condition.
- Our Company Portfolio is geographically concentrated in two of our Primary Markets and ten of our Secondary Markets, which causes us to be particularly susceptible to adverse developments in those markets.
- Our business strategy depends on achieving revenue growth from anticipated increases in demand for industrial space in our target markets; accordingly, any delay or a weaker than anticipated economic activity could materially adversely affect us and our growth prospects.
- We may not be aware of characteristics or deficiencies involving any one or all of the properties that we acquire in the future, which could have a material adverse effect on our business.
- We may be unable to renew leases, lease vacant space or re-lease space as leases expire.
- We may be unable to identify and complete acquisitions of properties that meet our investment criteria, which may have a material adverse effect on our growth prospects.
- Our acquisition activities may pose risks that could harm our business.
- We may obtain limited or no warranties when we acquire a property, which increases the risk that we may lose invested capital in, or rental income from, such property.
- We face significant competition for acquisitions of industrial properties, which may reduce the number of acquisition opportunities available to us and increase the costs of these acquisitions.
- Our future acquisitions may not yield the returns we expect.
The other 61 risks
- We may not be able to successfully operate our business or generate sufficient cash flows to make or sustain distributions to our stockholders as a publicly traded company.
- We face significant competition in the leasing market, which may decrease or prevent increases of the occupancy and rental rates of our properties.
- We may be required to make rent or other concessions and/or significant capital expenditures to improve our properties in order to retain and attract tenants, causing our financial condition, results of operations, cash flows and our ability to pay distributions on, and the per-share trading price of, our stock to be adversely affected.
- A substantial majority of the leases in our Company Portfolio are with tenants who have non-investment grade credit ratings, which may result in our leasing to tenants that are more likely to default in their obligations to us than an entity with an investment grade credit rating.
- The actual rents we receive for our properties may be less than our asking rents, and we may experience lease roll down from time to time.
- Our acquisition of properties or portfolios of properties through tax-deferred contribution transactions, which could result in stockholder dilution and limit our ability to sell such assets.
- Potential losses, including from adverse weather conditions and natural disasters, may not be covered by insurance.
- We may not be able to rebuild our Company Portfolio to its existing specifications if we experience a substantial or comprehensive loss of such properties.
- We may be unable to sell a property if or when we decide to do so.
- Joint venture investments could be materially adversely affected by our lack of sole decision-making authority, our reliance on co-venturers’ financial condition and disputes between us and our co-venturers.
- If we fail to implement and maintain an effective system of integrated internal controls, we may not be able to accurately report our financial results.
- Our growth depends on external sources of capital that are outside of our control and may not be available to us on commercially reasonable terms or at all.
- We may be subject to litigation, which could have a material adverse effect on our business and financial condition.
- We face risks associated with security breaches through cyber-attacks, cyber intrusions or otherwise, as well as other significant disruptions of our information technology systems.
- An increased focus on metrics and reporting related to corporate responsibility, specifically related to ESG factors, may impose additional costs, and expose us to new risks.
- Risks Related to Our Indebtedness
- We have significant indebtedness outstanding, which may expose us to the risk of default under our debt obligations.
- Inflation, high interest rates or deflation could materially adversely impact our financial condition, results of operations and cash flows.
- Certain of our existing loan agreements contain, and future indebtedness we incur may contain, various covenants, and the failure to comply with those covenants could materially adversely affect our financial condition, results of operations, cash flows and ability to pay distributions on, and the per-share trading price of, our stock.
- High mortgage rates and/or unavailability of mortgage debt may make it difficult for us to finance or refinance properties, which could reduce the number of properties we can acquire, our net income and the amount of cash distributions we can make.
- Certain of our existing loan agreements, and some of our future financing arrangements are expected to, provide for balloon payment obligations, which may materially adversely affect our financial condition and our ability to make distributions.
- Certain of our loan agreements are secured by various properties within our Company Portfolio, and any uncured default under any of these loan documents could result in a loss of one or more of the secured properties.
- Our existing loan agreements restrict our ability to engage in some business activities, which could put us at a competitive disadvantage and materially adversely affect our results of operations and financial condition.
- Future mortgage and other secured debt obligations expose us to the possibility of foreclosure, which could result in the loss of our investment in a property or group of properties subject to mortgage debt.
- Our hedging strategies may not mitigate our risks associated with our variable-rate indebtedness.
- Risks Related to the Real Estate Industry and the Broader Economy
- The illiquidity of real estate investments could significantly impede our ability to respond to adverse changes in the performance of our properties and harm our financial condition.
- Our performance and value are subject to risks associated with real estate assets and the real estate industry.
- Our business could be materially adversely affected by the effects of health pandemics or epidemics.
- Any real estate development and redevelopment activities are subject to risks particular to development and redevelopment.
- Declining real estate valuations and impairment charges could materially adversely affect our financial condition, results of operations, cash flows and ability to pay distributions on, and the per-share trading price of, our common stock.
- Adverse economic conditions and the dislocation in the credit markets could materially adversely affect our financial condition, results of operations, cash flows and ability to pay distributions on, and the per-share trading price of, our common stock.
- Acquired properties may be located in new markets where we may face risks associated with investing in an unfamiliar market.
- We may choose not to distribute the proceeds of any sales of real estate to our stockholders, which may reduce the amount of our cash distributions to stockholders.
- Uninsured losses relating to real property may adversely affect your returns.
- Our property taxes could increase due to property tax rate changes or reassessment, which could materially adversely impact our cash flows.
- We could incur significant costs related to government regulation and litigation over environmental and health and safety matters, which could have a material adverse effect on our financial condition, results of operations, cash flows, and our ability to pay distributions on, and the per-share trading price of, our stock.
- We face risks related to the potential direct and indirect impacts of climate change.
- Our properties may contain or develop harmful mold or suffer from other air quality issues, which could lead to liability for adverse health effects and costs of remediation.
- We may incur significant costs complying with various federal, state, and local laws, regulations and covenants that are applicable to our properties.
- Risks Related to Our Organizational Structure
- Our success depends on key personnel whose continued service is not guaranteed, and the departure of one or more of our key personnel could materially adversely affect our ability to manage our business and to implement our growth strategies or could create a negative perception in the capital markets.
- Conflicts of interest may exist or could arise in the future between the interests of our stockholders and the interests of holders of OP Units, which may impede business decisions that could benefit our stockholders.
- Certain provisions of our charter, bylaws and Maryland law could inhibit changes in control, which may discourage third parties from conducting a tender offer or seeking other change of control transactions that could trigger rights to require us to redeem our shares of common stock.
- Certain provisions in the partnership agreement of our Operating Partnership may delay or prevent unsolicited acquisitions of us.
- Our charter contains certain ownership limits with respect to our stock.
- We could increase the number of authorized shares of stock, classify and reclassify unissued stock and issue stock without stockholder approval.
- Our board of directors may change our investment and financing policies without stockholder approval, and we may become more highly leveraged, which may increase our risk of default under our debt obligations.
- Our rights and the rights of our stockholders to take action against our directors and officers are limited.
- We are a holding company with no direct operations and, as such, we will rely on funds received from our Operating Partnership to pay liabilities, and the interests of our stockholders will be structurally subordinated to all liabilities and obligations of our Operating Partnership and its subsidiaries.
- Risks Related to Our Status as a REIT
- Failure to maintain our qualification as a REIT would have material adverse consequences to us and the per-share trading price of our stock.
- If our Operating Partnership failed to qualify as a partnership or a disregarded entity for federal income tax purposes, we would cease to qualify as a REIT and suffer other adverse consequences.
- Our taxable REIT subsidiaries will be subject to federal income tax, and we will be required to pay a 100% penalty tax on certain income or deductions if our transactions with our taxable REIT subsidiaries are not conducted on arm’s length terms.
- To maintain our REIT qualification, we may be forced to borrow funds during unfavorable market conditions.
- Dividends payable by REITs do not qualify for the reduced tax rates available for some dividends.
- The tax imposed on REITs engaging in “prohibited transactions” may limit our ability to engage in transactions which would be treated as sales for federal income tax purposes.
- Complying with REIT requirements may affect our profitability and may force us to liquidate or forgo otherwise attractive investments.
- Legislative, regulatory, or administrative changes could adversely affect us or our security holders.
- If our assets are deemed to be ERISA plan assets, we may be exposed to liabilities under Title I of ERISA and the Internal Revenue Code.
- Risks Related to Our Common Stock
- The rights of the holders of our common stock are limited by and subordinate to the rights of the holders of the Operating Partnership’s Series C Preferred Units and these rights may have a material adverse effect on the per-share trading price of our common stock.
- We have issued and may continue to issue Series C Preferred Units that rank senior to our common stock in priority of dividend payment and upon liquidation, dissolution or winding up of the Operating Partnership or the Company and redemption rights upon the occurrence of Fundamental Change, and have additional corporate governance rights that may materially adversely affect our ability to pay dividends to holders of our common stock and the per-share trading price of our common stock.
- The Fundamental Change redemption feature of our Series C Preferred Units may make it more difficult for a party to take over our Company or Operating Partnership or discourage a party from taking over our Company or Operating Partnership.
- OP Units issued upon exercise of the Warrants would be immediately redeemable, for cash or shares of our common stock at our option. The exercise of such Warrants and potential redemption of the converted OP Units for shares of common stock could have an immediate dilutive effect on the ownership interests of our common stockholders.
- The strike price and the warrant entitlement of the Warrants are subject to automatic adjustments pursuant to the terms of the Warrants for, among other things, stock splits and the payment of dividends, including regular quarterly cash dividends on our common stock, and certain other issuances of common stock, OP Units and equity-linked securities and may materially adversely impact the per-share trading price of our common stock and ability to pay or increase dividends on our common stock.
Legal proceedings
In the normal course of business, we could become party to legal actions and proceedings involving matters that are generally incidental to our business. While it will likely not be possible to ascertain the ultimate outcome of such matters, management expects that the resolution of any such legal actions and proceedings would not have a material adverse effect on our consolidated financial statements.
There are no legal proceedings at this time.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARAnthony Saladino, President
- 16SEC EDGARPendleton P. White, President
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- 18SEC EDGARJames Connolly, EVP/Asset Management
- 19SEC EDGARJohn W. Guinee Iii., Board member
- 20SEC EDGARCaitlin Murphy, Board member
- 21SEC EDGARDavid Gaw, Board member
- 22SEC EDGARMartin Barber, Board member
- 23SEC EDGARPhilip S. Cottone, Board member
- 24SEC EDGARRichard J. Deagazio, Board member
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- 27SEC EDGAROther events
- 28SEC EDGAROther events
- 29SEC EDGARExecutive or director change
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- 31SEC EDGARFinancial statements and exhibits
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- 33SEC EDGARCompleted an acquisition or sale
- 34SEC EDGARShareholder vote
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