Plymouth industrial reit inc. (PLYM)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Jun'11
Rental revenue

26,229

22,483

19,123

17,022

16,662

16,576

11,648

11,976

8,483

6,379

4,698

3,650

3,645

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenant recoveries

-

-

-

-

-

-

-

-

2,946

2,030

1,744

1,376

1,293

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other revenue

-

-

-

-

-

8

5

71

450

-223

224

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,949

4,873

4,808

4,691

4,886

4,864

4,849

2,664

0

0

0

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

114

-26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity investment income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

-2

-47

-28

-8

-79

119

100

35

-412

-27

-172

23

-109

16

0

0

-

Interest Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

Dividend Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Realized Gain on Sale of REIT Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Interest Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

Total revenues

26,229

22,483

19,123

17,022

16,662

13,638

11,653

12,047

11,879

8,186

6,666

5,027

4,939

5,140

5,063

4,847

4,838

4,689

4,839

4,836

4,841

2,585

119

100

35

-412

-27

-172

23

-109

16

0

0

0

Operating expenses
Property

9,011

-

-

-

6,262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property

-

-

6,920

6,034

-

4,861

4,349

3,787

4,452

3,121

2,159

1,517

1,408

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property

-

-

-

-

-

-

-

-

-

-

-

-

-

1,572

1,496

1,447

1,412

1,600

1,384

1,258

1,509

604

0

0

0

-

-

-

-

-

-

-

-

-

Depreciation and amortization

14,097

11,074

9,399

8,476

8,432

7,553

6,249

6,444

6,542

4,942

3,499

2,785

2,772

2,878

2,885

2,883

3,028

2,979

2,991

3,058

3,108

1,642

0

0

0

-

-

-

-

-

-

-

-

-

General and administrative

2,522

2,009

2,135

1,691

1,646

1,780

1,394

1,533

1,373

2,032

1,224

1,209

724

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition costs

-

-

-

-

-

-

-

-

-

-

4

82

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

Professional Services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

325

219

40

278

455

0

0

-

Marketing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65

91

31

128

37

0

0

-

Rent and Lease Costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

81

37

15

79

0

0

-

Directors fees, including stock compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

49

42

190

0

0

0

-

Commissions and Fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

105

-

0

-

Insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

62

18

32

12

0

0

-

Compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61

104

426

360

245

0

0

-

General and Administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

1,046

933

819

911

1,015

917

1,262

1,494

1,411

733

749

409

2,509

185

145

41

41

27

0

0

-

Acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

14

19

-36

86

656

355

2,129

544

100

0

-

-

-

-

-

-

-

-

-

Offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

938

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Bank Charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Total operating expenses

25,630

21,104

18,454

16,201

16,340

14,194

11,992

11,764

12,367

10,112

6,886

5,593

4,904

5,496

5,314

5,163

5,370

5,558

6,316

6,234

6,466

5,786

1,277

849

409

758

730

754

639

1,110

963

0

0

0

Operating income (loss)

-

-

-

-

-

-

-

-

-488

-1,926

-220

-566

35

-356

-251

-316

-532

-869

-1,477

-1,398

-1,625

-3,201

-1,158

-749

-374

-

-758

-

-

-

-

-

-

-

Other (expense):
Gain on disposition of equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,374

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Interest expense

4,871

3,887

3,643

3,576

3,842

3,958

3,575

4,216

3,985

3,219

2,619

2,802

2,941

4,593

11,460

10,842

13,784

6,231

7,829

11,057

19,559

13,196

83

0

0

-

0

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-804

-3,601

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of warrant derivative

-

0

0

102

79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other expense, net

-4,871

-3,887

-3,643

-3,678

-3,921

-3,894

-4,379

-7,817

-3,985

-2,988

-2,619

-2,802

-2,941

-

-11,460

-10,842

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-4,272

-2,508

-2,974

-2,857

-3,599

-4,450

-4,718

-7,534

-4,473

-4,914

-2,839

-3,368

-2,906

-

-11,711

-11,158

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: loss attributable to non-controlling interest

-245

-177

-308

-380

-653

-750

-417

-829

-463

-489

-157

-2,209

-2,465

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,784

-

6,455

11,057

19,559

-

83

0

0

-

-

-

-

-

-

-

-

-

Net loss attributable to Plymouth Industrial REIT, Inc.

-4,027

-2,331

-2,666

-2,477

-2,946

-3,700

-4,301

-6,705

-4,010

-4,425

-2,682

-1,159

-441

198

-11,711

-11,158

-14,316

-7,094

-7,932

-12,455

-21,184

-16,065

-1,241

-749

-374

-1,170

-758

-927

-616

-1,219

-947

-0

0

0

Less: Preferred stock dividends

1,613

1,565

1,566

1,566

1,566

1,072

956

956

956

723

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Series B Preferred stock accretion to redemption value

1,854

1,900

1,900

1,901

1,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: amount allocated to participating securities

76

62

62

58

57

46

48

46

61

128

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to common stockholders

-7,570

-5,858

-6,194

-6,002

-6,469

-5,177

-5,305

-7,707

-5,027

-5,276

-2,682

-1,159

-441

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per share attributable to common stockholders

-0.53

0.05

-0.68

-0.88

-1.37

-0.89

-1.22

-2.27

-1.38

-1.12

-0.74

-1.26

-1.33

-31.75

-35.28

-33.61

-10.78

-5.35

-5.97

-9.38

-15.95

-12.37

-0.94

-0.57

-0.31

1.20

-1.20

-2.24

-2.85

4.09

-17.01

0.00

0.01

-

Weighted-average common shares outstanding basic and diluted

14,393

13,368

9,081

6,835

4,727

4,711

4,350

3,400

3,647

3,709

3,636

922

331

-663

331

331

1,327

1,327

1,327

1,327

1,327

1,350

1,325

1,312

1,205

1,464

632

413

216

575

55

20

20

-