Plymouth Industrial REIT, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 04:15 pm EST
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Plymouth Industrial REIT, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 50.75 million compared to USD 47.32 million a year ago. Revenue was USD 50.78 million compared to USD 47.33 million a year ago. Net income was USD 9.28 million compared to net loss of USD 3.5 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to basic loss per share from continuing operations of USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to diluted loss per share from continuing operations of USD 0.11 a year ago.
For the full year, sales was USD 199.76 million compared to USD 183.44 million a year ago. Revenue was USD 199.85 million compared to USD 183.54 million a year ago. Net income was USD 13.66 million compared to net loss of USD 16.89 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to basic loss per share from continuing operations of USD 0.67 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to diluted loss per share from continuing operations of USD 0.67 a year ago.
Plymouth Industrial REIT, Inc. is a full service, vertically integrated, self-administered and self-managed real estate investment trust. The Company is focused on the acquisition, ownership, management, redevelopment and development of single and multi-tenant industrial properties, including distribution centers, warehouses, light industrial and small bay industrial properties, located in primary and secondary markets, as well as select sub-markets in United States. Its portfolio consists of approximately 156 industrial properties comprising over 211 buildings located in 12 states, with an aggregate of approximately 34.0 million rentable square feet. It owns substantially all of its assets and conducts substantially all of its business through Plymouth Industrial OP, LP (the Operating Partnership). Its portfolio consists of holdings in various markets: Chicago, Cleveland, Memphis, Jacksonville, St. Louis, Indianapolis, Columbus, Cincinnati, Atlanta, Boston, Charlotte, and Kansas City.
PLYMOUTH INDUSTRIAL REIT, INC. 
