v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Rental revenue $ 199,760 $ 183,442 $ 140,270
Management fee revenue and other income 88 94 348
Total revenues 199,848 183,536 140,618
Operating expenses:      
Property 62,542 56,601 47,636
Depreciation and amortization 92,891 95,312 70,642
General and administrative 14,904 15,939 12,920
Total operating expenses 170,337 167,852 131,198
Other income (expense):      
Interest expense (38,278) (32,217) (19,968)
Earnings (loss) in investment of unconsolidated joint venture (147) (850)
Loss on extinguishment of debt (72) (2,176) (523)
Gain on sale of real estate 22,646 1,775
(Appreciation) depreciation of warrants 1,760 (5,121)
Total other income (expense) (15,704) (32,780) (24,687)
Net income (loss) 13,807 (17,096) (15,267)
Less: Net income (loss) attributable to non-controlling interest 147 (210) (259)
Net income (loss) attributable to Plymouth Industrial REIT, Inc. 13,660 (16,886) (15,008)
Less: Preferred Stock dividends 2,509 4,866 6,608
Less: Series B Preferred Stock accretion to redemption value 4,621 7,228
Less: Loss on extinguishment/redemption of Series A Preferred Stock 2,023 99
Less: Amount allocated to participating securities 337 256 201
Net income (loss) attributable to common stockholders $ 8,791 $ (26,728) $ (29,045)
Net income (loss) per share attributable to common stockholders — basic $ 0.20 $ (0.67) $ (0.94)
Net income (loss) per share attributable to common stockholders — diluted $ 0.20 $ (0.67) $ (0.94)
Weighted-average common shares outstanding — basic 43,554,504 39,779,128 30,910,581
Weighted-average common shares outstanding — diluted 43,631,693 39,779,128 30,910,581

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