v3.25.2
Earnings per Share - Schedule of earnings per share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Numerator        
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 (loss) 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
Denominator        
Weighted-average common shares outstanding — basic 44,926,680 44,991,220 45,006,217 44,963,908
Add: Effect of dilutive securities [1] 0 36,283 0 30,152
Weighted-average common shares outstanding ---diluted 44,926,680 45,027,503 45,006,217 44,994,060
Net income (loss) per share - basic and diluted        
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
[1] During the three and six months ended June 30, 2025, all unvested restricted shares of common stock were deemed to be anti-dilutive due to the net loss attributable to common stockholders. During the three and six months ended June 30, 2024, there were approximately 156 and 32,144, respectively, of unvested restricted shares of common stock on a weighted average basis that were not included in the computation of diluted earnings per share as including these shares would be anti-dilutive. All warrants were out of the money and were also excluded from the computation of diluted earnings per share as they were deemed to be anti-dilutive.