Plymouth Industrial REIT Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	190.83	197.56	199.76	183.44	140.27	109.84
Property Management Fees	0.68	0.79	0.09	0.09	0.35	0.02
Other Revenue	-27.83	-5.15	-	-0.15	-0.85	-0.02
Total Revenue	163.68	193.21	199.85	183.39	139.77	109.83
Revenue Growth (YoY	-18.80%	-3.32%	8.97%	31.21%	27.26%	45.88%
Property Expenses	58.08	61.72	62.54	56.6	47.64	38.16
Selling, General & Administrative	16.77	14.76	14.9	15.94	12.92	10.36
Depreciation & Amortization	83.59	85.73	92.89	95.31	70.64	56.43
Total Operating Expenses	158.44	162.21	170.34	167.85	131.2	104.95
Operating Income	5.24	31	29.51	15.54	8.57	4.88
Interest Expense	-31.84	-37.93	-38.28	-32.22	-19.97	-18.93
Other Non-Operating Income	-5.13	6.66	-	1.76	-5.12	-0.1
EBT Excluding Unusual Items	-31.73	-0.27	-8.77	-14.92	-16.52	-14.15
Merger & Restructuring Charges	-2.78	-	-	-	-	-
Gain (Loss) on Sale of Assets	137.05	145.4	22.65	-	1.78	-
Asset Writedown	-	-	-	-	-	-0.31
Other Unusual Items	-0.27	-0.27	-0.07	-2.18	-0.52	-
Pretax Income	102.27	144.85	13.81	-17.1	-15.27	-14.46
Income Tax Expense	2.16	2.49	-	-	-	-
Earnings From Continuing Operations	100.11	142.37	13.81	-17.1	-15.27	-14.46
Minority Interest in Earnings	-7.31	-3.02	-0.15	0.21	0.26	0.65
Net Income	92.81	139.34	13.66	-16.89	-15.01	-13.81
Preferred Dividends & Other Adjustments	1.5	1.48	4.87	9.84	14.04	14.08
Net Income to Common	91.31	137.87	8.79	-26.73	-29.05	-27.89
Net Income Growth	7588.90%	920.09%	-	-	-	-
Basic Shares Outstanding	45	45	44	40	31	18
Diluted Shares Outstanding	45	45	44	40	31	18
Shares Change (YoY)	-0.41%	3.24%	9.69%	28.69%	68.16%	116.17%
EPS (Basic)	2.04	3.06	0.20	-0.67	-0.94	-1.52
EPS (Diluted)	2.04	3.06	0.20	-0.67	-0.94	-1.52
EPS Growth	11196.82%	1430.00%	-	-	-	-
Dividend Per Share	0.960	0.960	0.900	0.880	0.830	0.975
Dividend Growth	1.59%	6.67%	2.27%	6.02%	-14.87%	-35.00%
Operating Margin	3.20%	16.04%	14.77%	8.47%	6.13%	4.45%
Profit Margin	55.78%	71.36%	4.40%	-14.57%	-20.78%	-25.39%
EBITDA	87.36	115.52	120.18	107.7	77.12	59.24
EBITDA Margin	53.37%	59.79%	60.14%	58.73%	55.17%	53.93%
D&A For Ebitda	82.12	84.53	90.67	92.16	68.55	54.35
EBIT	5.24	31	29.51	15.54	8.57	4.88
EBIT Margin	3.20%	16.04%	14.77%	8.47%	6.13%	4.45%
Funds From Operations (FFO)	79.09	88.53	84.05	78.48	55.14	42.03
Adjusted Funds From Operations (AFFO)	-	79.79	76.82	66.5	42.97	31.75
FFO Payout Ratio	58.61%	49.22%	49.89%	50.93%	-	-
Effective Tax Rate	2.11%	1.72%	-	-	-	-
Revenue as Reported	191.51	198.36	199.85	183.54	140.62	109.85

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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