v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Rental revenue $ 47,058 $ 48,649 $ 92,476 $ 98,839
Management fee revenue and other income 146 37 299 75
Total revenues 47,204 48,686 92,775 98,914
Operating expenses:        
Property 13,735 13,569 28,444 30,211
Depreciation and amortization 19,827 21,347 39,179 43,715
General and administrative 4,871 3,880 8,994 7,244
Total operating expenses 38,433 38,796 76,617 81,170
Other income (expense):        
Interest expense (7,454) (9,411) (14,303) (19,009)
Loss in investment of unconsolidated joint ventures (7,222) 0 (15,270) 0
Gain on sale of real estate 0 849 301 8,879
Gain on financing transaction 827 0 14,912 0
Unrealized gain from interest rate swap 215 0 346 0
Total other income (expense) (13,634) (8,562) (14,014) (10,130)
Income (loss) before income tax benefit (4,863) 1,328 2,144 7,614
Income tax benefit 327 0 327 0
Net income (loss) (4,536) 1,328 2,471 7,614
Less: Net income (loss) attributable to non-controlling interest (60) 14 10 82
Less: Net income attributable to redeemable non-controlling interest - Series C Preferred Units 1,619 0 2,706 0
Net income (loss) attributable to Plymouth Industrial REIT, Inc. (6,095) 1,314 (245) 7,532
Less: Amount allocated to participating securities 100 94 195 188
Net income (loss) attributable to common stockholders $ (6,195) $ 1,220 $ (440) $ 7,344
Net income (loss) per share attributable to common stockholders - basic $ (0.14) $ 0.03 $ (0.01) $ 0.16
Net income (loss) per share attributable to common stockholders - diluted $ (0.14) $ 0.03 $ (0.01) $ 0.16
Weighted-average common shares outstanding - basic 44,926,680 44,991,220 45,006,217 44,963,908
Weighted-average common shares outstanding - diluted 44,926,680 45,027,503 45,006,217 44,994,060