Plymouth Industrial REIT reports Q4 AFFO 48c, consensus 47c

Reports Q4 revenue $50.78M, consensus $50.93M. Jeff Witherell, chairman and CEO of Plymouth Industrial REIT, noted, “As we complete our most substantial year of leasing in 2023 with a 21% increase in rental rates on a cash basis, we also acknowledge a truly transformative year of work to put our balance sheet in the best position it’s been in our history. With a positive outlook in the Golden Triangle over the next two years and a focus on strategic deployment of our available liquidity to generate growth, we believe we are positioned to take advantage of an improved transaction environment later this year and into 2025.”