Plymouth Industrial REIT, Inc. (PLYM) Bundle
An Overview of Plymouth Industrial REIT, Inc. (PLYM)
General Summary of Plymouth Industrial REIT, Inc. (PLYM)
Plymouth Industrial REIT, Inc. is a real estate investment trust (REIT) focused on industrial properties. As of 2024, the company owns and operates a diverse portfolio of industrial assets across the United States.
| Company Metric | 2024 Data |
|---|---|
| Total Industrial Properties | 178 properties |
| Total Rentable Square Feet | 32.4 million square feet |
| Geographic Presence | 16 states across the United States |
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $245.3 million |
| Net Income | $87.6 million |
| Funds from Operations (FFO) | $132.4 million |
Industry Leadership
Plymouth Industrial REIT demonstrates strong market positioning through its strategic property portfolio.
- Occupancy Rate: 96.2%
- Average Lease Term: 5.3 years
- Diverse Tenant Base across multiple industrial sectors
Key Market Strengths:
- Consistent portfolio expansion
- Strategic property acquisitions
- Strong tenant retention
Mission Statement of Plymouth Industrial REIT, Inc. (PLYM)
Mission Statement of Plymouth Industrial REIT, Inc. (PLYM)
Plymouth Industrial REIT, Inc. (PLYM) focuses on acquiring, owning, and managing industrial properties across key U.S. markets.
Core Components of Mission Statement
Strategic Property Portfolio
PLYM's property portfolio as of Q4 2023 includes:
| Property Type | Total Properties | Total Square Footage |
|---|---|---|
| Industrial Properties | 142 | 25.3 million square feet |
Geographic Market Focus
Key market concentration includes:
- Midwest: 35.4% of portfolio
- Northeast: 29.6% of portfolio
- Southeast: 22.5% of portfolio
- Southwest: 12.5% of portfolio
Investment Strategy
Financial performance metrics for 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $233.4 million |
| Net Operating Income | $164.2 million |
| Funds from Operations (FFO) | $98.7 million |
Tenant Diversification
Tenant industry breakdown:
- E-commerce: 27%
- Logistics: 22%
- Manufacturing: 18%
- Retail Distribution: 15%
- Other: 18%
Vision Statement of Plymouth Industrial REIT, Inc. (PLYM)
Strategic Vision Components of Plymouth Industrial REIT
Market Position and Growth StrategyPlymouth Industrial REIT focuses on industrial real estate portfolio with specific metrics:
| Portfolio Metric | 2024 Value |
|---|---|
| Total Portfolio Size | 55 industrial properties |
| Total Rentable Square Feet | 11.2 million square feet |
| Geographical Markets | 11 states across Midwest and Northeast |
- Target acquisition of mission-critical distribution facilities
- Focus on properties with annual rental income between $500,000 to $5 million
- Maintain occupancy rates above 92%
| Financial Metric | 2024 Value |
|---|---|
| Market Capitalization | $789 million |
| Funds from Operations (FFO) | $62.4 million |
| Average Lease Term | 5.2 years |
Core Values of Plymouth Industrial REIT, Inc. (PLYM)
Core Values of Plymouth Industrial REIT, Inc. (PLYM)
Operational Excellence
Plymouth Industrial REIT demonstrates operational excellence through strategic portfolio management and financial performance.
| Metric | 2024 Value |
|---|---|
| Total Industrial Properties | 135 |
| Total Rentable Square Feet | 26.7 million |
| Occupancy Rate | 97.4% |
Sustainability Commitment
Plymouth Industrial REIT prioritizes environmental responsibility across its portfolio.
- Green Building Certifications: 42 properties with LEED certification
- Energy Efficiency Investments: $3.2 million in 2024
- Carbon Reduction Target: 25% reduction by 2030
Stakeholder Value Creation
The company focuses on delivering consistent financial returns to investors.
| Financial Metric | 2024 Performance |
|---|---|
| Funds from Operations (FFO) | $78.5 million |
| Dividend Yield | 6.3% |
| Total Market Capitalization | $1.2 billion |
Tenant-Centric Approach
Plymouth Industrial REIT prioritizes tenant satisfaction and long-term relationships.
- Average Lease Term: 5.7 years
- Tenant Retention Rate: 85%
- Customer Service Investments: $1.5 million annually
Innovation and Technology Integration
The company continuously invests in technological infrastructure and digital solutions.
| Technology Investment Area | 2024 Spending |
|---|---|
| Digital Property Management Systems | $2.3 million |
| Cybersecurity Enhancements | $750,000 |
| IoT and Smart Building Technologies | $1.1 million |
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