Plymouth Industrial REIT, Inc. (PLYM)

The most significant event was the announcement on October 24, 2025, of a definitive agreement to be acquired by entities affiliated with Makarora Management LP and Ares Management for approximately $2.1 billion, including assumed debt. On August 19, 2025, Plymouth Industrial REIT received an unsolicited, non-binding acquisition proposal. On September 15, 2025, the company declared a dividend of $0.24 per share for the third quarter of 2025, payable on October 31, 2025. From October 23-27, 2025, several analyst rating changes occurred around the acquisition announcement. On November 10, 2025, Plymouth Industrial REIT announced its earnings results, reporting ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47. On December 19, 2025, CEO Jeffrey E. Witherell and EVP James Connolly sold shares of the company's stock.

The provided information does not explicitly detail a specific demand seasonality for Plymouth Industrial REIT's products and services (industrial properties). The company's consistent leasing activity and high occupancy rates throughout 2025 suggest a relatively stable demand environment.

Plymouth Industrial REIT, Inc. (PLYM) is a full-service, vertically integrated real estate investment trust (REIT) that specializes in the acquisition, ownership, and management of single and multi-tenant industrial properties across the United States. The company operates primarily within the Real Estate sector, specifically focusing on the Real Estate Investment Trusts (REITs) industry. Its portfolio consists of distribution centers, warehouses, and light industrial buildings, primarily in secondary and select primary markets. Plymouth Industrial REIT generates revenue primarily by collecting rent from a diverse base of tenants under long-term lease agreements. As of September 30, 2025, the company's portfolio comprised approximately 32.1 million square feet across 148 properties, with a high occupancy rate of 94.6% as of mid-2025.

Plymouth Industrial REIT's geographic footprint is concentrated in the Midwest and Southeast regions of the United States. Its portfolio spans 11 states and includes holdings in key markets such as Ohio, Indiana, Georgia, Florida, Tennessee, Illinois, Chicago, Cleveland, Memphis, Jacksonville, St. Louis, Indianapolis, Columbus, Cincinnati, Atlanta, Boston, and Charlotte.

Plymouth Industrial REIT's brand reputation in the past year appears to be largely tied to its operational performance and the significant acquisition offer. The agreement to be acquired by Makarora and Ares Management for a substantial premium validates the value built by the management team, suggesting a positive market perception of its strategy and portfolio. The company demonstrated strong leasing activity and disciplined, strategic acquisitions, expanding its footprint in key logistics hubs. Management also projected strong occupancy growth to 97.3% by year-end 2025, driven by lease stabilization and strategic acquisitions, indicating confidence in their operational capabilities.

Plymouth Industrial REIT, Inc. is primarily controlled by institutional investors. Major institutional owners include BlackRock Inc., The Vanguard Group Inc., Jennison Associates LLC, Hudson Bay Capital Management LP, Westwood Holdings Group Inc., Macquarie Group Ltd, Tig Advisors LLC, State Street Corp., Geode Capital Management LLC, Silvercrest Asset Management Group, Inc., Prudential Financial, Inc., and Tokio Marine Asset Management Co. Ltd. A significant individual/insider owner is Mirelf VI Reit Investments IV LLC, holding a 10.04% stake.