1. Nature of the Business and Basis of Presentation
Business
Plymouth Industrial REIT, Inc.,
(the “Company”) is a Maryland corporation formed on March 7, 2011. The Company is structured as an umbrella partnership REIT,
commonly called an UPREIT, and owns substantially all of its assets and conducts substantially all of its business through its operating
partnership, Plymouth Industrial Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”).
The Company, as general partner of the Operating Partnership, controls the Operating Partnership and consolidates the assets, liabilities,
and results of operations of the Operating Partnership. As of December 31, 2021, and 2020, the Company owned a 98.7 % and 97.7 %, respectively,
equity interest in the Operating Partnership.
The Company is a real estate investment
trust focused on the acquisition, ownership and management of single and multi-tenant industrial properties, including distribution centers,
warehouses, light industrial and small bay industrial properties, located in primary and secondary markets within the main industrial,
distribution and logistics corridors of the United States. As of December 31, 2021, the Company, through its subsidiaries, owned 128 industrial
properties comprising 163 buildings with an aggregate of approximately 29.5 million square feet, and our property management office building
located in Columbus, Ohio, totaling approximately 17,260 square feet.
Free historical financial statements for Plymouth Industrial REIT Inc.
See how revenue, income, cash flow, and balance sheet financials have changed over 30 quarters since 2017. Compare with PLYM stock chart to see long term trends.
Data imported from Plymouth Industrial REIT Inc SEC filings. Check original filings before making any investment decision.