v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Rental revenue $ 197,563 $ 199,760 $ 183,442
Management fee revenue and other income 792 88 94
Total revenues 198,355 199,848 183,536
Operating expenses:      
Property 61,718 62,542 56,601
Depreciation and amortization 85,729 92,891 95,312
General and administrative 14,764 14,904 15,939
Total operating expenses 162,211 170,337 167,852
Other income (expense):      
Interest expense (37,412) (38,278) (32,217)
Loss in investment of unconsolidated joint ventures (5,145) (147)
Loss on extinguishment of debt (269) (72) (2,176)
Gain on sale of real estate 145,396 22,646
Gain on financing transaction 6,660
Loss on interest rate swap (481)
Unrealized loss from interest rate swap (39)
(Appreciation) depreciation of warrants 1,760
Total other income (expense) 108,710 (15,704) (32,780)
Income before income tax provision 144,854 13,807 (17,096)
    Income tax provision (2,487)
Net income (loss) 142,367 13,807 (17,096)
Less: Net income (loss) attributable to non-controlling interest 1,520 147 (210)
Less: Net income (loss) attributable to redeemable non-controlling interest - Series C Preferred Units 1,503
Net income (loss) attributable to Plymouth Industrial REIT, Inc. 139,344 13,660 (16,886)
Less: Preferred Stock dividends 2,509 4,866
Less: Series B Preferred Stock accretion to redemption value 4,621
Less: Loss on extinguishment/redemption of Series A Preferred Stock 2,023 99
Less: Amount allocated to participating securities 1,478 337 256
Net income (loss) attributable to common stockholders $ 137,866 $ 8,791 $ (26,728)
Net income (loss) per share attributable to common stockholders — basic $ 3.06 $ 0.20 $ (0.67)
Net income (loss) per share attributable to common stockholders — diluted $ 3.06 $ 0.20 $ (0.67)
Weighted-average common shares outstanding — basic 44,989,288 43,554,504 39,779,128
Weighted-average common shares outstanding — diluted 45,046,432 43,631,693 39,779,128

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