Plymouth Industrial Reit, INC
Market Movers (8-K)
Makarora Management LP and Ares Alternative Credit funds have finalized the all-cash acquisition of Plymouth Industrial REIT, valued at approximately $2.1 billion.
Plymouth Industrial REIT, Inc. stockholders have approved the all-cash acquisition by entities affiliated with Makarora Management LP and Ares Alternative Credit funds for $22.00 per share, totaling approximately $2.1 billion.
Plymouth Industrial REIT, Inc. disclosed a lawsuit filed by Redimere Advisors LLC alleging breach of contract, seeking to enjoin certain payments but not the merger itself, ahead of its January 22, 2026 special meeting.
Worse than expected
Plymouth Industrial REIT, Inc. has voluntarily supplemented its definitive proxy statement for an upcoming merger to address stockholder lawsuits challenging disclosure adequacy.
Worse than expected
Delay expected
Plymouth Industrial REIT accelerates executive bonuses and equity vesting to mitigate potential excise taxes ahead of its anticipated 2026 merger.
Plymouth Industrial REIT, Inc. will be acquired by Makarora and Ares Alternative Credit funds in an all-cash transaction valued at approximately $2.1 billion, offering shareholders $22.00 per share.
Better than expected
Capital raise
Quarterly Earnings (10-Q)
Plymouth Industrial REIT reported a significant net loss for Q3 2025 and the nine months ended September 30, 2025, primarily driven by merger transaction expenses, financing losses, and joint venture losses, while announcing a definitive merger agreement for $22.00 per share.
Worse than expected
Capital raise
Plymouth Industrial REIT, Inc. reported a net loss for the six months ended June 30, 2025, despite increased operating cash flow and significant property acquisitions.
Capital raise
Worse than expected
Plymouth Industrial REIT's Q1 2025 results reveal a revenue decrease primarily due to property dispositions, offset by gains in the same-store portfolio and financing activities.
Worse than expected
Plymouth Industrial REIT grants Isosceles Investments, LLC a board observer seat as part of a significant securities purchase agreement.
Capital raise
Plymouth Industrial REIT's Q2 2024 results show a slight decrease in rental revenue and a net income of $1.3 million, alongside strategic property sales and lease reclassifications.
Better than expected
Capital raise
Plymouth Industrial REIT reported a net income of $6.2 million for the first quarter of 2024, a significant improvement compared to a net loss in the same period last year.
Better than expected
Capital raise
Annual Reports (10-K)
10-K: Plymouth Industrial REIT Reports 2024 Annual Results, Focuses on Industrial Property Portfolio
Plymouth Industrial REIT's 2024 Form 10-K reveals a focus on industrial properties and strategic financial maneuvers, including joint ventures and debt management.
Plymouth Industrial REIT has amended its 2014 Incentive Award Plan to promote success and enhance value by linking employee and consultant interests with those of stockholders.
Insider Trading (Form 4)
Plymouth Industrial REIT executive James Connolly disposed of all his common stock holdings as the company completed its merger, converting shares to cash at $22 each.
Plymouth Industrial REIT's President and CFO, Anthony Saladino, disposed of 127,314 common shares at $22.00 per share as part of a merger agreement.
Jeffrey E. Witherell, CEO of Plymouth Industrial REIT, Inc., disposed of 437,682 common shares at $22.00 each as part of a merger agreement.
Plymouth Industrial REIT Director Richard J. DeAgazio disposed of 43,270 common shares at $22.00 each as part of a merger agreement.
Robert O. Stephenson, a director of Plymouth Industrial REIT, Inc., disposed of 6,269 shares of common stock at $22.00 per share as part of a merger agreement.
Plymouth Industrial REIT director Philip S. Cottone disposed of 30,278 shares of common stock at $22 per share as part of a merger agreement.
Proxy Statements (Def-14A)
Plymouth Industrial REIT, Inc. disclosed a lawsuit filed by Redimere Advisors LLC seeking to enjoin funds related to its pending merger, though Redimere is not seeking to stop the merger itself.
Worse than expected
Plymouth Industrial REIT provides supplemental disclosures to its merger proxy statement in response to stockholder lawsuits challenging prior disclosures.
Worse than expected
Delay expected
Plymouth Industrial REIT, Inc. stockholders are set to receive $22.00 per share in cash as the company merges with affiliates of Makarora and Ares, following a unanimous board recommendation.
Better than expected
Capital raise
Plymouth Industrial REIT, Inc. has entered into a definitive merger agreement to be acquired by affiliates of Makarora Management LP and Ares Alternative Credit funds for $22.00 per share in an all-cash transaction valued at approximately $2.1 billion.
Better than expected
Capital raise
Plymouth Industrial REIT, Inc. is holding its annual shareholder meeting on June 12, 2025, and provides details on how to vote on key proposals.
Plymouth Industrial REIT's proxy statement details proposals for the 2025 Annual Meeting, including director elections, executive compensation votes, and approval of an incentive award plan.
Schedule 13D - Activist Investments
TSSP SUB-FUND HOLDCO, LLC and Alan Waxman have ceased beneficial ownership of Plymouth Industrial REIT, Inc. common stock following a merger.
Sixth Street Partners has withdrawn its non-binding proposal to acquire Plymouth Industrial REIT, following the expiration of the Go-Shop Period and the announcement of a separate merger agreement.
Worse than expected
Sixth Street Partners, an affiliate of major shareholder TSSP Sub-Fund HoldCo, LLC, has proposed to acquire Plymouth Industrial REIT, Inc. for $24.10 per share in cash.
Capital raise
Worse than expected
Schedule 13G - Passive Investments
Prudential Financial, Inc. has reported a 3.4% beneficial ownership stake in Plymouth Industrial REIT, Inc. as of December 31, 2025.
Hudson Bay Capital Management LP and Sander Gerber have disclosed a passive beneficial ownership of 0.68% in Plymouth Industrial REIT, Inc. as of December 31, 2025.
Jennison Associates LLC has filed an amended Schedule 13G, reporting a 3.4% beneficial ownership in Plymouth Industrial REIT Inc. as of December 31, 2025.
Glazer Capital and Paul J. Glazer have reported reducing their beneficial ownership in Plymouth Industrial REIT, Inc. to 4.83%.
Hudson Bay Capital Management LP and Sander Gerber have reported a 5.67% beneficial ownership stake in Plymouth Industrial REIT, Inc. common stock.
Madison International Realty Holdings, LLC has updated its beneficial ownership in Plymouth Industrial REIT, Inc., now holding 4.86% of common stock.
Worse than expected