SCHEDULE: Hudson Bay Capital Discloses 5.67% Stake in Plymouth Industrial REIT

Hudson Bay Capital Management LP and Sander Gerber have reported a 5.67% beneficial ownership stake in Plymouth Industrial REIT, Inc. common stock.

Summary

• Hudson Bay Capital Management LP and Sander Gerber (collectively, "Reporting Persons") have filed a Schedule 13G, disclosing their beneficial ownership in Plymouth Industrial REIT, Inc.
• The Reporting Persons beneficially own an aggregate of 2,525,651 shares of Plymouth Industrial REIT, Inc. Common Stock, $0.01 par value.
• This ownership represents 5.67% of the class, calculated based on 44,553,789 shares outstanding as of August 4, 2025, as reported in the Company's Form 10-Q for the quarter ended June 30, 2025.
• Hudson Bay Capital Management LP, a Delaware limited partnership, serves as the investment manager to Hudson Bay Master Fund Ltd., which holds the securities.
• Sander Gerber, a United States citizen, serves as the managing member of Hudson Bay Capital GP LLC, the general partner of the Investment Manager, and disclaims beneficial ownership of these securities.
• The Reporting Persons hold shared voting power and shared dispositive power over all 2,525,651 beneficially owned shares.

Sentiment

Score: 6

Explanation: The filing is a factual disclosure of beneficial ownership by an institutional investor. While the acquisition of a significant stake by Hudson Bay Capital Management LP could be viewed as a positive signal by the market, the filing itself does not contain performance data or forward-looking statements to assess sentiment beyond the ownership disclosure.

Positives

• The disclosure of a significant 5.67% stake by an institutional investor like Hudson Bay Capital Management LP could be interpreted by the market as a vote of confidence in Plymouth Industrial REIT, Inc.

Negatives

• This filing is a disclosure of ownership and does not contain explicit negative information regarding the issuer's performance or outlook.

Risks

• This Schedule 13G filing is solely for beneficial ownership disclosure and does not detail specific risks related to Plymouth Industrial REIT, Inc.'s operations or financial condition.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Plymouth Industrial REIT, Inc.'s future outlook.

Management Comments

• Mr. Gerber disclaims beneficial ownership of these securities.
• The securities referred to were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing indicates a significant institutional investment in Plymouth Industrial REIT, Inc., a company operating within the real estate investment trust (REIT) sector, specifically focused on industrial properties. Such an investment suggests confidence in the company's strategy or the broader industrial real estate market, which has seen varying trends in demand and valuation.

Stakeholder Impact

• Shareholders: The disclosure of a new significant institutional shareholder may influence market perception and potentially provide a level of stability or validation for existing shareholders.
• Management: The company's management will be aware of a new substantial shareholder, which could lead to increased engagement or scrutiny regarding corporate strategy and performance.

Next Steps

• This filing does not specify any future actions, events, or milestones for Plymouth Industrial REIT, Inc. or the Reporting Persons beyond the disclosure of ownership.

Key Dates

Keywords

Plymouth Industrial REIT, Hudson Bay Capital Management, Sander Gerber, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, REIT, Real Estate Investment Trust