Plymouth Industrial REIT, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 07:06 am EDT
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Plymouth Industrial REIT, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 49.9 million compared to USD 45.61 million a year ago. Revenue was USD 49.9 million compared to USD 45.61 million a year ago. Net loss was USD 2.6 million compared to USD 4.41 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.17 a year ago.
For the six months, sales was USD 99.27 million compared to USD 88.33 million a year ago. Revenue was USD 99.3 million compared to USD 88.42 million a year ago. Net loss was USD 5.9 million compared to USD 8.82 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.38 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. 
