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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Rental revenue $ 48,649 $ 49,899 $ 98,839 $ 99,270
Management fee revenue and other income 37 75 29
Total revenues 48,686 49,899 98,914 99,299
Operating expenses:        
Property 13,569 15,690 30,211 31,644
Depreciation and amortization 21,347 23,417 43,715 47,217
General and administrative 3,880 3,842 7,244 7,289
Total operating expenses 38,796 42,949 81,170 86,150
Other income (expense):        
Interest expense (9,411) (9,584) (19,009) (19,119)
Gain on sale of real estate 849 8,879
Total other income (expense) (8,562) (9,584) (10,130) (19,119)
Net income (loss) 1,328 (2,634) 7,614 (5,970)
Less: Net income (loss) attributable to non-controlling interest 14 (30) 82 (68)
Net income (loss) attributable to Plymouth Industrial REIT, Inc. 1,314 (2,604) 7,532 (5,902)
Less: Preferred Stock dividends 916 1,832
Less: Loss on extinguishment of Series A Preferred Stock 2
Less: Amount allocated to participating securities 94 82 188 170
Net income (loss) attributable to common stockholders $ 1,220 $ (3,602) $ 7,344 $ (7,906)
Net income (loss) per share attributable to common stockholders — basic $ 0.03 $ (0.08) $ 0.16 $ (0.19)
Net income (loss) per share attributable to common stockholders — diluted $ 0.03 $ (0.08) $ 0.16 $ (0.19)
Weighted-average common shares outstanding — basic 44,991,220 42,646,535 44,963,908 42,625,768
Weighted-average common shares outstanding — diluted 45,027,503 42,646,535 44,994,060 42,625,768

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