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Plymouth Industrial REIT, Inc.

plymouthreit.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Nov 10, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Feb 13, 2026.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Leases warehouses, distribution centers and other industrial properties to business tenants.

How Did They Make Money?

Earns rent from tenants under property leases, with scheduled increases and concessions spread across each lease term.

FY2024 revenue

Who Were Their Customers?

Industrial tenants lease space in Plymouth's warehouses and other industrial properties; company staff handle tenant relations for most properties.

Did Revenues Turn Into Profits?

Yes. It kept 70 cents of every revenue dollar as net income in FY2024.

Net income, FY2024
70% of revenue
▲ +920% vs FY2023 ($13.7M, 7%)

How Were They Changing?

Since the FY2024 annual report
Latest quarter: Q3 FY2025, the three months to Sep 30, 2025
Revenue
▼ −1%
vs $51.9M in Q3 FY2024
Net income
▲ +248% (Loss)
vs −$15.6M in Q3 FY2024
  • Jan 27, 2026 Makarora and Ares completed the acquisition The all-cash deal was valued at approximately $2.1 billion, and Plymouth’s shares are no longer publicly traded.

Grew. Revenue grew 81% in 4 years, from $109.9M in FY2020 to $198.4M in FY2024, about 16% a year.

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