Plymouth Industrial REIT Inc. (PLYM) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
20 CUSTOM HOUSE STREET - 11TH FLOOR BOSTON, MA 02110 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 14,493 | 11,003 | 26,232 | 15,668 | 10,465 | 5,394 | |||
| Cash and cash equivalents | 14,493 | 11,003 | 26,232 | 15,668 | 10,465 | 5,394 | |||
| Net investment in lease, before allowance for credit loss | ✕ | ||||||||
| Deferred costs | 25,008 | 26,175 | 23,761 | 18,825 | |||||
| Deferred rent asset | 51,474 | 70,718 | 75,864 | 66,116 | 57,088 | 37,940 | |||
| Total current assets: | 90,975 | 107,896 | 125,857 | 100,609 | 67,553 | 43,334 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | ✕ | ||||||||
| Operating lease, right-of-use asset | 4,829 | 5,703 | 6,552 | 7,159 | ✕ | ||||
| Property, plant and equipment | 356,658 | 364,124 | 309,920 | 233,810 | 127,439 | 92,628 | |||
| Intangible assets, net (including goodwill) | 51,474 | 70,718 | 75,864 | 66,116 | 57,088 | 37,940 | |||
| Intangible assets, net (excluding goodwill) | 51,474 | 70,718 | 75,864 | 66,116 | 57,088 | 37,940 | |||
| Regulated entity, other noncurrent assets | 1,133 | 4,478 | |||||||
| Total noncurrent assets: | 412,961 | 440,545 | 392,336 | 307,085 | 185,660 | 135,046 | |||
| Other undisclosed assets | 937,963 | 972,877 | 752,612 | 512,576 | 432,268 | 291,783 | |||
| TOTAL ASSETS: | 1,441,899 | 1,521,318 | 1,270,805 | 920,270 | 685,481 | 470,163 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 717,148 | 839,124 | 652,142 | 430,369 | 318,558 | 288,993 | |||
| Long-term debt, excluding current maturities | 714,877 | 836,876 | 649,915 | 428,162 | 318,558 | 288,993 | |||
| Finance lease, liability | 2,271 | 2,248 | 2,227 | 2,207 | ✕ | ||||
| Total noncurrent liabilities: | 717,148 | 839,124 | 652,142 | 430,369 | 318,558 | 288,993 | |||
| Other undisclosed liabilities | 236,509 | 158,969 | 115,153 | 150,685 | 123,498 | 57,250 | |||
| Total liabilities: | 953,657 | 998,093 | 767,295 | 581,054 | 442,056 | 346,243 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 483,017 | 470,992 | 355,769 | 198,755 | 107,997 | (11,607) | |||
| Common stock | 452 | 428 | |||||||
| Additional paid in capital | 644,938 | 635,068 | 532,666 | 360,752 | 256,259 | 126,327 | |||
| Accumulated other comprehensive income | 20,233 | 29,739 | |||||||
| Accumulated deficit | (182,606) | (194,243) | (177,258) | (162,250) | (148,403) | (137,983) | |||
| Other undisclosed equity, attributable to parent | 361 | 253 | 141 | 49 | |||||
| Equity, attributable to noncontrolling interest | 5,225 | 5,389 | 4,831 | 4,767 | 6,767 | 14,467 | |||
| Total equity: | 488,242 | 476,381 | 360,600 | 203,522 | 114,764 | 2,860 | |||
| Other undisclosed liabilities and equity | 46,844 | 142,910 | 135,694 | 128,661 | 121,060 | ||||
| TOTAL LIABILITIES AND EQUITY: | 1,441,899 | 1,521,318 | 1,270,805 | 920,270 | 685,481 | 470,163 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 199,848 | 183,536 | 140,618 | 109,851 | 75,290 | 49,217 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | 75,290 | 36,632 | |
| Cost of revenue (Cost of Goods and Services Sold) | (27,237) | (17,449) | ||||||
| Gross profit: | 199,848 | 183,536 | 140,618 | 109,851 | 48,053 | 31,768 | ||
| Operating expenses | (170,337) | (167,852) | (131,198) | (104,949) | (72,099) | (50,269) | ||
| Other undisclosed operating income | 17,449 | |||||||
| Operating income (loss): | 29,511 | 15,684 | 9,420 | 4,902 | (24,046) | (1,052) | ||
| Nonoperating expense | (15,704) | (32,780) | (22,912) | (19,364) | (15,129) | (20,123) | ||
| Other nonoperating expense | (15,704) | (32,780) | (24,687) | (19,364) | (15,129) | (20,123) | ||
| Interest and debt expense | (72) | (2,176) | (19,445) | (18,931) | (14,948) | (5,393) | ||
| Income (loss) from continuing operations: | 13,735 | (19,272) | (32,937) | (33,393) | (54,123) | (26,568) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (32,937) | (33,393) | (54,123) | (26,568) | |
| Other undisclosed net income | 72 | 2,176 | 17,670 | 18,931 | 42,185 | 5,393 | ||
| Net income (loss): | 13,807 | (17,096) | (15,267) | (14,462) | (11,938) | (21,175) | ||
| Net income (loss) attributable to noncontrolling interest | (147) | 210 | 259 | 649 | 1,518 | 2,459 | ||
| Net income (loss) attributable to parent: | 13,660 | (16,886) | (15,008) | (13,813) | (10,420) | (18,716) | ||
| Preferred stock dividends and other adjustments | (2,509) | (9,487) | (13,836) | (13,860) | (13,864) | (4,299) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (337) | (256) | (201) | (182) | (239) | (201) | ||
| Other undisclosed net loss available to common stockholders, basic | (2,023) | (99) | (34) | |||||
| Net income (loss) available to common stockholders, diluted: | 8,791 | (26,728) | (29,045) | (27,889) | (24,523) | (23,216) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 13,807 | (17,096) | (15,267) | (14,462) | (11,938) | (21,175) | ||
| Other comprehensive income (loss) | (9,609) | 30,115 | ||||||
| Comprehensive income (loss): | 4,198 | 13,019 | (15,267) | (14,462) | (11,938) | (21,175) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (44) | (166) | 259 | 649 | 1,518 | 2,459 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 4,154 | 12,853 | (15,008) | (13,813) | (10,420) | (18,716) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.