v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Rental revenue $ 49,899 $ 45,612 $ 99,270 $ 88,332
Management fee revenue and other income 2 29 88
Total revenues 49,899 45,614 99,299 88,420
Operating expenses:        
Property 15,690 13,799 31,644 27,874
Depreciation and amortization 23,417 24,208 47,217 46,899
General and administrative 3,842 4,146 7,289 7,698
Total operating expenses 42,949 42,153 86,150 82,471
Other income (expense):        
Interest expense (9,584) (7,925) (19,119) (14,320)
Earnings (loss) in investment of unconsolidated joint venture (147)
Loss on extinguishment of debt (2,176)
(Appreciation) depreciation of warrants 1,760
Total other income (expense) (9,584) (7,925) (19,119) (14,883)
Net loss (2,634) (4,464) (5,970) (8,934)
Less: Net loss attributable to non-controlling interest (30) (55) (68) (115)
Net loss attributable to Plymouth Industrial REIT, Inc. (2,604) (4,409) (5,902) (8,819)
Less: Preferred Stock dividends 916 1,320 1,832 3,019
Less: Series B Preferred Stock accretion to redemption value 750 2,250
Less: Loss on extinguishment of Series A Preferred Stock 24 2 24
Less: Amount allocated to participating securities 82 65 170 132
Net loss attributable to common stockholders $ (3,602) $ (6,568) $ (7,906) $ (14,244)
Net loss basic per share attributable to common stockholders $ (0.08) $ (0.17) $ (0.19) $ (0.38)
Net loss diluted per share attributable to common stockholders $ (0.08) $ (0.17) $ (0.19) $ (0.38)
Weighted-average common shares outstanding basic 42,646,535 39,106,576 42,625,768 37,675,032
Weighted-average common shares outstanding diluted 42,646,535 39,106,576 42,625,768 37,675,032

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