v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2025 |
Sep. 30, 2024 |
Sep. 30, 2025 |
Sep. 30, 2024 |
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| Income Statement [Abstract] | ||||||
| Rental revenue | $ 51,064 | $ 51,432 | $ 143,540 | $ 150,271 | ||
| Management fee revenue and other income | 98 | 439 | 397 | 514 | ||
| Total revenues | 51,162 | 51,871 | 143,937 | 150,785 | ||
| Operating expenses: | ||||||
| Property | 15,507 | 17,374 | 43,951 | 47,585 | ||
| Depreciation and amortization | 23,408 | 21,010 | 62,587 | 64,725 | ||
| General and administrative | 3,834 | 3,582 | 12,828 | 10,826 | ||
| Total operating expenses | 42,749 | 41,966 | 119,366 | 123,136 | ||
| Other income (expense): | ||||||
| Interest expense | (9,438) | (10,359) | (23,741) | (29,368) | ||
| Loss in investment of unconsolidated joint ventures | (7,411) | 0 | (22,681) | 0 | ||
| Merger transaction expenses | (2,777) | 0 | (2,777) | 0 | ||
| Gain (loss) on sale of real estate | 0 | (234) | 301 | 8,645 | ||
| Loss on financing transaction | (41,361) | (14,657) | (26,449) | (14,657) | ||
| Unrealized gain from interest rate swap | 119 | 0 | 465 | 0 | ||
| Total other income (expense) | (60,868) | (25,250) | (74,882) | (35,380) | ||
| Loss before income tax benefit | (52,455) | (15,345) | (50,311) | (7,731) | ||
| Income tax benefit | 0 | 0 | 327 | 0 | ||
| Net loss | (52,455) | (15,345) | (49,984) | (7,731) | ||
| Less: Net loss attributable to non-controlling interest | (593) | (170) | (583) | (88) | ||
| Less: Net income attributable to redeemable non-controlling interest - Series C Preferred Units | 2,501 | 426 | 5,207 | 426 | ||
| Net loss attributable to Plymouth Industrial REIT, Inc. | (54,363) | (15,601) | (54,608) | (8,069) | ||
| Less: Amount allocated to participating securities | 99 | 89 | 294 | 277 | ||
| Net loss attributable to common stockholders | $ (54,462) | $ (15,690) | $ (54,902) | $ (8,346) | ||
| Net loss per share attributable to common stockholders - basic | $ (1.23) | $ (0.35) | $ (1.23) | $ (0.19) | ||
| Net loss per share attributable to common stockholders - diluted | $ (1.23) | $ (0.35) | $ (1.23) | $ (0.19) | ||
| Weighted-average common shares outstanding - basic | [1] | 44,150,057 | 45,009,273 | 44,717,695 | 44,979,140 | |
| Weighted-average common shares outstanding - diluted | [1] | 44,150,057 | 45,009,273 | 44,717,695 | 44,979,140 | |
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- Definition Gain (loss) on financing transaction. No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition Net income attributable to redeemable non controlling interest series c preferred units. No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Amount of expense for acquisition-related cost incurred to effect business combination. Includes, but is not limited to, finder's fee; advisory, legal, accounting, valuation, and other professional and consulting fees; and general administrative cost, including cost of maintaining internal acquisition department. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The costs incurred to retain exploration and property rights after acquisition but before production has occurred. Costs include legal costs for title defense, ad valorem taxes on nonproducing mineral properties, shut-in royalties, and delay rentals. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net gain (loss) resulting from sales and other disposals of other real estate owned, increases (decreases) in the valuation allowance for foreclosed real estate, and write-downs of other real estate owned after acquisition or physical possession. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of revenue derived from managing real estate properties. No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of undistributed earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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