Mission Statement, Vision, & Core Values (2024) of Plymouth Industrial REIT, Inc. (PLYM)

Mission Statement, Vision, & Core Values (2024) of Plymouth Industrial REIT, Inc. (PLYM)

US | Real Estate | REIT - Industrial | NYSE

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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 Strategy

Plymouth 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
Investment Approach
  • 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 Performance Indicators
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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