Plymouth Industrial REIT, Inc. (PLYM) Financial Statements (2025 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)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 19,126 | 17,546 | 21,383 | 23,548 | 16,812 | 14,493 | |||
| Cash and cash equivalent | 19,126 | 17,546 | 21,383 | 23,548 | 16,812 | 14,493 | |||
| Net investment in lease, before allowance for credit loss | 21,480 | 21,480 | 21,480 | 21,480 | |||||
| Contract with customer, asset, after allowance for credit loss | 5,185 | 3,658 | 9,116 | ||||||
| Deferred costs | 25,008 | ||||||||
| Deferred rent asset | 44,711 | 41,677 | 44,458 | 42,434 | 46,396 | 51,474 | |||
| Total current assets: | 69,022 | 84,361 | 96,437 | 87,462 | 84,688 | 90,975 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 812 | 818 | 825 | 832 | 838 | ||||
| Operating lease, right-of-use asset | 3,994 | 4,205 | 4,420 | 4,639 | 4,606 | 4,829 | |||
| Property, plant and equipment | 308,508 | 297,698 | 292,148 | 351,512 | 354,230 | 356,658 | |||
| Intangible assets, net (including goodwill) | 41,677 | 51,474 | |||||||
| Intangible assets, net (excluding goodwill) | 41,677 | 51,474 | |||||||
| Total noncurrent assets: | 313,314 | 344,398 | 297,393 | 356,983 | 359,674 | 412,961 | |||
| Other undisclosed assets | 1,023,928 | 939,659 | 1,102,581 | 977,350 | 990,783 | 937,963 | |||
| TOTAL ASSETS: | 1,406,264 | 1,368,418 | 1,496,411 | 1,421,795 | 1,435,145 | 1,441,899 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 33,090 | 73,335 | |||||||
| Accrued liabilities | 33,090 | 73,335 | |||||||
| Total current liabilities: | 33,090 | 73,335 | |||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 625,470 | 626,018 | 627,472 | 713,444 | 716,055 | 717,148 | |||
| Long-term debt, excluding current maturities | 623,171 | 623,721 | 625,182 | 711,160 | 713,777 | 714,877 | |||
| Finance lease, liability | 2,299 | 2,297 | 2,290 | 2,284 | 2,278 | 2,271 | |||
| Total noncurrent liabilities: | 625,470 | 626,018 | 627,472 | 713,444 | 716,055 | 717,148 | |||
| Other undisclosed liabilities | 168,761 | 155,281 | 353,959 | 228,031 | 229,228 | 236,509 | |||
| Total liabilities: | 827,321 | 781,299 | 1,054,766 | 941,475 | 945,283 | 953,657 | |||
| Temporary equity, including noncontrolling interest | 1,737 | 426 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 570,997 | 579,548 | 436,464 | 475,188 | 484,575 | 483,017 | |||
| Common stock | 454 | 452 | |||||||
| Additional paid in capital | 594,989 | 604,839 | 614,716 | 624,810 | 634,651 | 644,938 | |||
| Accumulated other comprehensive income | 12,964 | 17,517 | 11,969 | 24,998 | 25,859 | 20,233 | |||
| Accumulated deficit | (37,412) | (43,262) | (190,675) | (175,074) | (176,388) | (182,606) | |||
| Other undisclosed equity, attributable to parent | 456 | 454 | 454 | 453 | |||||
| Equity, attributable to noncontrolling interest | 6,209 | 6,312 | 4,755 | 5,132 | 5,287 | 5,225 | |||
| Total equity: | 577,206 | 585,860 | 441,219 | 480,320 | 489,862 | 488,242 | |||
| Other undisclosed liabilities and equity | 1,259 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 1,406,264 | 1,368,418 | 1,496,411 | 1,421,795 | 1,435,145 | 1,441,899 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 45,571 | 47,570 | 51,871 | 48,686 | 50,228 | 50,784 | ||
| Gross profit: | 45,571 | 47,570 | 51,871 | 48,686 | 50,228 | 50,784 | ||
| Operating expenses | (38,184) | (39,075) | (41,966) | (38,796) | (42,374) | (42,255) | ||
| Operating income: | 7,387 | 8,495 | 9,905 | 9,890 | 7,854 | 8,529 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (380) | 144,090 | (25,250) | (8,562) | (1,568) | 848 | ||
| Interest and debt expense | (45) | (45) | (45) | (45) | (9,598) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 6,962 | 152,540 | (15,390) | 1,283 | (3,312) | 9,377 | ||
| Other undisclosed income from continuing operations before income taxes | 180 | |||||||
| Income (loss) from continuing operations before income taxes: | 6,962 | 152,720 | (15,390) | 1,283 | (3,312) | 9,377 | ||
| Income tax benefit | ||||||||
| Other undisclosed loss from continuing operations | (2,487) | |||||||
| Income (loss) from continuing operations: | 6,962 | 150,233 | (15,390) | 1,283 | (3,312) | 9,377 | ||
| Other undisclosed net income (loss) | 45 | (135) | 45 | 45 | 9,598 | |||
| Net income (loss): | 7,007 | 150,098 | (15,345) | 1,328 | 6,286 | 9,377 | ||
| Net income (loss) attributable to noncontrolling interest | (70) | (1,608) | 170 | (14) | (68) | (101) | ||
| Other undisclosed net loss attributable to parent | (1,087) | (1,077) | (426) | |||||
| Net income (loss) attributable to parent: | 5,850 | 147,413 | (15,601) | 1,314 | 6,218 | 9,276 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (95) | (1,201) | (89) | (94) | (94) | (84) | ||
| Net income (loss) available to common stockholders, diluted: | 5,755 | 146,212 | (15,690) | 1,220 | 6,124 | 9,192 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 7,007 | 150,098 | (15,345) | 1,328 | 6,286 | 9,377 | ||
| Net loss attributable to redeemable noncontrolling interest | (1,087) | (1,077) | (426) | ✕ | ||||
| Other comprehensive income (loss) | (4,603) | 5,608 | (13,171) | (870) | 5,687 | (13,609) | ||
| Comprehensive income (loss): | 2,404 | 155,706 | (28,516) | 458 | 11,973 | (4,232) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (20) | (1,668) | 312 | (5) | (129) | 46 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (1,087) | (1,077) | (426) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,297 | 152,961 | (28,630) | 453 | 11,844 | (4,186) | ||
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.