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Plymouth Industrial Reit ( (PLYM) ) has provided an announcement.
Plymouth Industrial REIT reported a net loss for Q3 2024 despite leasing new developments and acquiring a 14-building portfolio in Memphis. The firm increased its unsecured borrowing capacity and announced a strategic partnership with Sixth Street for a $500 million investment pipeline. With a rise in rental rates from new leases and ongoing development, Plymouth aims for steady growth but faced challenges from tenant evictions impacting same-store NOI.
For an in-depth examination of PLYM stock, go to TipRanks’ Stock Analysis page.
