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Stock impact report

Plymouth Industrial REIT Provides Activity Update for Third Quarter 2024

Plymouth Industrial REIT, Inc. (PLYM) 
NASDAQ:AMEX Investor Relations: ir.plymouthreit.com
Company Research Source: GlobeNewswire
BOSTON, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) provided an activity update for the third quarter of 2024. The Company also announced details for its third quarter earnings conference call and webcast to be held on November 7, 2024. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, “We have addressed 74% of our 2024 lease expirations and 39% of our 2025 lease expirations, while bringing the development program to 100% leased. We are seeing encouraging activity on our top leasing opportunities in our largest markets and expect to report additional progress during the balance of the year.” Leasing ActivityLeases commencing during the third quarter ended September 30, 2024, totaled an aggregate of 1,095,115 square feet, all of which have terms of at least six months. These leases included 598,858 square feet of renewal leases and 496,257 square feet of new leases. Rental rates under these leases reflect a 12.2% increase o Show less Read more
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