v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Rental revenue $ 183,442 $ 140,270 $ 109,836
Management fee revenue and other income 94 348 15
Total revenues 183,536 140,618 109,851
Operating expenses:      
Property 56,601 47,636 38,159
Depreciation and amortization 95,312 70,642 56,428
General and administrative 15,939 12,920 10,362
Total operating expenses 167,852 131,198 104,949
Other income (expense):      
Interest expense (32,217) (19,968) (18,931)
Impairment on real estate lease (311)
Earnings (loss) in investment of unconsolidated joint venture (147) (850) (19)
Loss on extinguishment of debt (2,176) (523)
Gain on sale of real estate 1,775
(Appreciation) depreciation of warrants 1,760 (5,121) (103)
Total other income (expense) (32,780) (24,687) (19,364)
Net loss (17,096) (15,267) (14,462)
Less: Net loss attributable to non-controlling interest (210) (259) (649)
Net loss attributable to Plymouth Industrial REIT, Inc. (16,886) (15,008) (13,813)
Less: Preferred Stock dividends 4,866 6,608 6,444
Less: Series B Preferred Stock accretion to redemption value 4,621 7,228 7,416
Less: Loss on extinguishment of Series A Preferred Stock 99 34
Less: Amount allocated to participating securities 256 201 182
Net loss attributable to common stockholders $ (26,728) $ (29,045) $ (27,889)
Net loss basic and diluted per share attributable to common stockholders $ (0.67) $ (0.94) $ (1.52)
Weighted-average common shares outstanding basic and diluted 39,779,128 30,910,581 18,381,700

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