PLYM
Plymouth Industrial REIT, Inc.21.85
-0.01-0.05%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
984.15MP/E (TTM)
10.82Basic EPS (TTM)
2.02Dividend Yield
0.04%Recent Filings
8-K
Plymouth REIT goes private
8-K
Stockholders approve $2.1B takeover
Plymouth Industrial REIT stockholders approved the Merger Proposal on January 22, 2026, clearing the path for Makarora and Ares to acquire the company in an all-cash deal at $22.00 per share, valued at approximately $2.1 billion including assumed debt. Stockholders rejected executive compensation but passed adjournment. A court motion was denied January 20; closing expected on or about January 27. Deal risks persist.
8-K
Lawsuit targets merger proceeds
Plymouth Industrial REIT faces a lawsuit from Redimere Advisors, filed January 9, 2026, alleging breach of a 2022 engagement letter amid its pending merger with PIR Ventures entities. Redimere's emergency motion seeks to block $60 million merger proceeds from payout pending litigation but explicitly spares the deal itself; a hearing is set for January 20, just before the January 22 stockholder vote. Company deems claims meritless. Litigation risks merger costs.
8-K
Proxy supplement amid lawsuits
Plymouth Industrial REIT voluntarily supplements its definitive proxy statement for the pending merger with PIR Ventures affiliates, adding details on NDA negotiations with Party A, Makarora, and Party B, plus unlevered free cash flow projections starting at $104.2M in Year 1 and fairness opinion metrics like $1,048.1M net debt. Ten demand letters and two New York complaints challenge proxy disclosures; Plymouth deems them meritless but discloses to avoid litigation delays ahead of the January 22, 2026 stockholder vote. Litigation risks merger timeline.
8-K
Exec comp amended for merger
Plymouth Industrial REIT amended employment and change-in-control severance agreements for CEO Witherell, President/CFO Saladino, and EVP Connolly on December 5, 2025, ahead of its pending merger with PIR Ventures. Severance multipliers rose to 3x while eliminating dual entitlements; executives face 2-year post-closing noncompetes across North America. Board accelerated 2025 bonuses ($800K/$400K/$275K) and equity vesting worth ~$9.8M/$4.6M/$3.1M at $22/share into late 2025 to dodge 280G excise taxes. Repayment claws back unearned amounts if deal fails.
AIV
Apartment Investment and Manage
5.74+0.06
COLD
Americold Realty Trust, Inc.
12.60-0.19
CUBE
CubeSmart
35.79-0.76
DEA
Easterly Government Properties,
22.26-0.16
GOOD
Gladstone Commercial Corporatio
10.91+0.01
IIPR
Innovative Industrial Propertie
58.14+1.61
LXP
LXP Industrial Trust
50.00+0.02
MDV
Modiv Industrial, Inc.
14.80-0.06
PDM
Piedmont Realty Trust, Inc.
8.77+0.13
STAG
Stag Industrial, Inc.
37.17-0.39