v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Rental revenue $ 51,432 $ 49,736 $ 150,271 $ 149,006
Management fee revenue and other income 439 29 514 58
Total revenues 51,871 49,765 150,785 149,064
Operating expenses:        
Property 17,374 15,754 47,585 47,398
Depreciation and amortization 21,010 22,881 64,725 70,098
General and administrative 3,582 3,297 10,826 10,586
Total operating expenses 41,966 41,932 123,136 128,082
Other income (expense):        
Interest expense (10,359) (9,473) (29,368) (28,592)
Loss on extinguishment of debt (72) (72)
Gain (loss) on sale of real estate (234) 12,112 8,645 12,112
Loss on financing transaction (14,657) (14,657)
Total other income (expense) (25,250) 2,567 (35,380) (16,552)
Net income (loss) (15,345) 10,400 (7,731) 4,430
Less: Net income (loss) attributable to non-controlling interest (170) 114 (88) 46
Less: Net income (loss) attributable to redeemable non-controlling interest - Series C Preferred Units 426 426
Net income (loss) attributable to Plymouth Industrial REIT, Inc. (15,601) 10,286 (8,069) 4,384
Less: Preferred Stock dividends 677 2,509
Less: Loss on extinguishment/redemption of Series A Preferred Stock 2,021 2,023
Less: Amount allocated to participating securities 89 83 277 253
Net income (loss) attributable to common stockholders $ (15,690) $ 7,505 $ (8,346) $ (401)
Net income (loss) per share attributable to common stockholders — basic $ (0.35) $ 0.17 $ (0.19) $ (0.01)
Net income (loss) per share attributable to common stockholders — diluted $ (0.35) $ 0.17 $ (0.19) $ (0.01)
Weighted-average common shares outstanding — basic 45,009,273 44,056,855 44,979,140 43,108,039
Weighted-average common shares outstanding — diluted 45,009,273 44,139,603 44,979,140 43,108,039

Source

PDF HTML
ZIP XBRL