Plymouth Industrial REIT 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.

THE PLYMOUTH INDUSTRIAL REIT STORY

156


Properties

34


Million Square Feet

211


Buildings

$151M


Total Annualized Base Rent

98%


Portfolio Occupancy

3.3


WA Lease Term Remaining (yrs.)

THE GOLDEN TRIANGLE


The Golden Triangle region has become the epicenter for logistics infrastructure, as the strongest e-commerce, parcel delivery, logistics, and retail firms continue to expand throughout the region (Source: CCIM Institute)

LATEST NEWS


February 21, 2024

Fourth Quarter 2023 Results

As we complete our most substantial year of leasing in 2023 with a 21% increase in rental rates on a cash basis, we also acknowledge a truly transformative year of work to put our balance sheet in the best position it’s been in our history. With a positive outlook in the Golden Triangle over the next two years and a focus on strategic deployment of our available liquidity to generate growth, we believe we are positioned to take advantage of an improved transaction environment later this year and into 2025.

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November 2, 2023

Third Quarter 2023 Results

The strong demand for our space within the Golden Triangle continues to support our portfolio performance as occupancy remains within our targets, leases are signing consistent with the 18% to 20% mark-to-market in the existing portfolio, and the remaining space in our new developments continues to be absorbed. With the multi-year buildup expected from the Golden Triangle’s manufacturing resurgence, we believe our type of industrial space and our properties are well-positioned for the leasing opportunities we are anticipating in 2024 and 2025. We have also made significant progress in simplifying our balance sheet and bringing leverage below our year-end target earlier than we had anticipated.

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WHAT OUR TENANTS SAY


Our Portfolio

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