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Stock impact report

Plymouth Industrial REIT Provides Activity Update for Fourth Quarter 2024

Plymouth Industrial REIT, Inc. (PLYM) 
NASDAQ:AMEX Investor Relations: ir.plymouthreit.com
Company Research Source: GlobeNewswire
BOSTON, Jan. 10, 2025 (GLOBE NEWSWIRE) -- —(January 10, 2025) Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company” or “Plymouth”) provided an activity update for the fourth quarter of 2024. The Company also announced details for its fourth quarter earnings conference call and webcast to be held on February 27, 2025. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, “We had a strong finish to 2024 with cash rental rate increases of 17.4% for the year in our Consolidated Portfolio, the closing of the Sixth Street Joint Venture and the acquisition of the first phase of a new industrial portfolio in Cincinnati.” Leasing ActivityLeases commencing during the fourth quarter ended December 31, 2024, all of which have terms of at least six months, totaled an aggregate of 1,467,245 square feet. These leases include 1,042,732 square feet of renewal leases and 424,513 square feet of new leases. Rental rates under these leases reflect a 19.5% increase on a ca Show less Read more
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