Earnings summaries and quarterly performance for Plymouth Industrial REIT.
Executive leadership at Plymouth Industrial REIT.
Jeffrey Witherell
Chief Executive Officer
Anne Hayward
Senior Vice President, General Counsel and Secretary
Anthony Saladino
President and Chief Financial Officer
Benjamin Coues
Senior Vice President and Head of Acquisitions
Daniel Heffernan
Senior Vice President, Asset Management
James Connolly
Executive Vice President, Asset Management
Lyndon Blakesley
Senior Vice President and Chief Accounting Officer
Scott Robinson
Senior Vice President, Corporate Development
Board of directors at Plymouth Industrial REIT.
Research analysts who have asked questions during Plymouth Industrial REIT earnings calls.
Todd Thomas
KeyBanc Capital Markets
4 questions for PLYM
Brendan Lynch
Barclays
3 questions for PLYM
Eric Borden
BMO Capital Markets
3 questions for PLYM
Richard Anderson
Wedbush Securities
3 questions for PLYM
Michael Mueller
JPMorgan Chase & Co.
2 questions for PLYM
Mitch Germain
Citizens JMP
2 questions for PLYM
Nicholas Thillman
Robert W. Baird & Co.
2 questions for PLYM
Anthony Hau
Truist Securities
1 question for PLYM
John Kim
BMO Capital Markets
1 question for PLYM
Nikita Bely
J.P. Morgan
1 question for PLYM
Recent press releases and 8-K filings for PLYM.
- Plymouth Industrial REIT, Inc. (PLYM) entered into a Merger Agreement with PIR Ventures LP on October 24, 2025, with the merger anticipated to close in 2026.
- On December 5, 2025, the company amended the Change in Control Severance Agreements for Jeffrey E. Witherell, Anthony Saladino, and James M. Connolly, increasing the multiplier for certain severance benefits to three (3).
- These amendments establish the Change in Control Severance Agreements as the exclusive source of severance entitlements for these executives in connection with a change in control.
- To mitigate potential Section 280G excise taxes, the company approved accelerating the 2025 annual cash bonus and the vesting/settlement of restricted stock and performance stock units for these executives into 2025.
- For Jeffrey E. Witherell, this accelerated compensation totals an estimated $9,831,433, including an $800,000 cash bonus and 400,161 shares (valued at $22.00 per share). For James M. Connolly, the accelerated compensation totals an estimated $3,122,296, including a $275,000 cash bonus and 126,083 shares (valued at $22.00 per share).
- Plymouth Industrial REIT is being acquired in a $2.1 billion all-cash deal by entities affiliated with Makarora Management LP and Ares Alternative Credit funds.
- The purchase price is $22 per share, which represents a 50% premium over the stock's unaffected price in August 2025.
- The transaction, unanimously approved by Plymouth's Board of Directors, includes a 30-day go-shop period ending November 23, 2025, and is expected to close in early 2026.
- Plymouth operates a portfolio of Class B industrial properties and has an Altman Z-Score of 0.86, indicating concerns over its financial strength.
- Plymouth Industrial REIT, Inc. (PLYM) has entered into a definitive merger agreement to be acquired by entities affiliated with Makarora Management LP and Ares Alternative Credit funds for $22.00 per share in an all-cash transaction, valuing the company at approximately $2.1 billion including assumed debt.
- The $22.00 per share purchase price represents a premium of approximately 50% to Plymouth's unaffected closing common stock price on August 18, 2025.
- The transaction, unanimously approved by Plymouth's Board of Directors, is expected to close in early 2026 and includes a 30-day "go-shop" period expiring on November 23, 2025.
- Plymouth will pay its third quarter dividend on October 31, 2025, but generally will not pay other dividends during the merger agreement term, except as required to maintain its REIT status.
- Upon completion of the transaction, Plymouth will become a private company and its common stock will be de-registered from the NYSE.
Quarterly earnings call transcripts for Plymouth Industrial REIT.
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