熱門資訊> 正文
普利茅斯工业REIT提供第二季度活动更新
2025-07-08 19:19
- Plymouth industrial REIT (NYSE:PLYM) commenced an aggregate of 1,453,757 square feet lease, which have terms of at least six months, during the second quarter ended June 30, 2025.
- These leases included:
Leases Commenced |
Type |
Square Footage |
Percent |
Expiring Rent |
New Rent |
Cash Rent Spread |
Q2 |
Renewal |
1,159,623 |
79.8% |
$ |
5.00 |
|
$ |
5.45 |
|
9.0% |
|
New |
294,134 |
20.2% |
$ |
4.92 |
|
$ |
5.61 |
|
14.0% |
Total |
|
1,453,757 |
100% |
$ |
4.98 |
|
$ |
5.48 |
|
10.0% |
|
- An additional 239,500 square feet has been leased on a short-term basis with auto-renewals and landlord kick-out options.
- For 2025, total executed leases, which had terms of at least six months, totaled an aggregate of 5,811,172 square feet. These leases, which represent 67.5% of total 2025 expirations, include:
2025 Commencements |
Type |
Square Footage |
Percent |
Expiring Rent |
New Rent |
Cash Rent Spread |
|
Renewal |
4,095,835 |
70.5% |
$ |
4.47 |
|
$ |
5.13 |
|
14.7% |
|
New |
1,715,337 |
29.5% |
$ |
4.27 |
|
$ |
4.64 |
|
8.7% |
Total |
|
5,811,172 |
100% |
$ |
4.41 |
|
$ |
4.98 |
|
13.0% |
|
- Total executed leases commencing in 2026, which have terms of at least six months, total an aggregate of 1,052,775 square feet, representing 13.7% of total 2026 expirations.
- Same store occupancy at June 30, 2025, was 95.0%, while total portfolio occupancy at June 30, 2025, was 94.6%.
- During Q2, Plymouth closed on the acquisition of 22 industrial buildings totaling 2.05 million square feet for a total of $204.7 million. These properties are 97.1% leased and feature a weighted average remaining lease term of 2.6 years. The second quarter activity comprises the following:
- 100,420 square foot industrial building in southwest Atlanta, Georgia for $11.7 million at an expected initial net operating income (“NOI”) yield of 6.95%; and
- 1.95 million square foot industrial portfolio encompassing 21 buildings located across Columbus, Cincinnati, and Cleveland for $193.0 million.
- As of July 8, 2025, there is approximately $285.8 million of capacity on the line of credit.
More on Plymouth Industrial REIT
- Plymouth Industrial: Questioning The Growth Strategy
- Plymouth Industrial REIT, Inc. (PLYM) Q1 2025 Earnings Call Transcript
- Plymouth Industrial buys 21-building Ohio portfolio for $193M
- SA analyst downgrades: QDEL, AMCX, PLYM, DAY
- Seeking Alpha’s Quant Rating on Plymouth Industrial REIT
風險及免責提示:以上內容僅代表作者的個人立場和觀點,不代表華盛的任何立場,華盛亦無法證實上述內容的真實性、準確性和原創性。投資者在做出任何投資決定前,應結合自身情況,考慮投資產品的風險。必要時,請諮詢專業投資顧問的意見。華盛不提供任何投資建議,對此亦不做任何承諾和保證。