Plymouth Industrial REIT — Non-Deal Roadshow (June 2025)
25 slides from Plymouth Industrial REIT's roadshow presentation, June 2025
Slide 1: Plymouth REIT Investor Presentation
Plymouth REIT Investor Presentation June 2025 Investor Meetings Plymouth Industrial REIT, Inc. NYSE: PLYM
Slide 2: Disclaimer
FROM THE FIRST MILE TO THE LAST MILE Disclaimer References herein to “we,” “us,” and “our” refer to Plymouth Industrial REIT Inc. (“Plymouth” or the “Company”) Except as otherwise indicated, this presentation speaks only as of the date hereof. The delivery of this presentation shall not, under any c
Slide 3: High-Quality Industrial Portfolio in Attractive Markets
FROM THE FIRST MILE TO THE LAST MILE High-Quality Industrial Portfolio in Attractive Markets Wholly-owned Portfolio Snapshot As of March 31, 2025 Number of Properties 133 Number of Buildings 204 Square Footage 30.0 M Portfolio Occupancy 94.3% 2 Same-Store Occupancy 94.7% WA Lease Term 3.0 Remaining
Slide 4: Investment Highlights
Investment Highlights Heritage as Real Estate Operators Contributes to Execution of Growth Strategy • Intensive, detailed approach to underwriting acquisitions enables thorough Insert picture here understanding of each asset and affords us the ability to unlock value • Hands-on asset management stra
Slide 5: Core Growth, Stable Occupancy & Strong Leasing
FROM THE FIRST MILE TO THE LAST MILE Core Growth, Stable Occupancy & Strong Leasing Q1 2025 Recap Portfolio Performance Investment Developable Land Ending occupancy of 94.3% Year to date, Plymouth has acquired over 900,000 square feet with an Completed Developments: 7 fully leased buildings to
Slide 6: Substantial Portfolio Diversification
FROM THE FIRST MILE TO THE LAST MILE Substantial Portfolio Diversification Plymouth’s portfolio is diversified by tenant, geography, asset type and industry Top Ten Tenants ABR by Market ABR by Industry South Bend(1) 16.3% of total portfolio ABR 2.1% Atlanta 8.3% Boston Printing & Paper Food & Jacks
Slide 7: Investment Activity
FROM THE FIRST MILE TO THE LAST MILE Investment Activity Plymouth has completed transformational acquisitions at well below replacement cost and delivered on a development program supported by strategic capital management, providing growth and increased scale Total Acquisition and Replacement Cost b
Slide 8: Growth and Valuation Snapshot
FROM THE FIRST MILE TO THE LAST MILE Growth and Valuation Snapshot Income Drivers Value-Add Strategy Well Diversified Portfolio • Mark-to-market range of 18-20% across all markets. • A targeted, in-depth investment approach to identify • Over half of the portfolio's buildings are less than • $41.0 m
Slide 9: Sixth Street Strategic Investment
FROM THE FIRST MILE TO THE LAST MILE Sixth Street Strategic Investment Transaction Summary: Chicago Joint Venture: • Sixth Street to provide a total of ~$253 MM in capital, comprised of ~$113MM to • On November 13, 2024, PLYM closed on the Chicago JV by contributing 34 Chicago-area purchase a 65% in
Slide 10: Cincinnati: Acquisition
VALUE CREATION Cincinnati: Acquisition Transaction Summary: Purchased a 240,658-square-foot, 4-building industrial portfolio in Cincinnati , OH Location Cincinnati, OH during the quarter. Acquisition Date March-2025 The portfolio was acquired for $17.9 million at a going-in NOI yield of 7.0%. # of B
Slide 11: Columbus: Capitalized on Below Market Rent
VALUE CREATION Columbus: Capitalized on Below Market Rent Transaction Summary: Executed a renewal on 314,736 square feet for five years, with no tenant Location Columbus, OH improvements, and a 64.5% rental rate increase over expiring rent. Purchase Date October-2020 Building was acquired at a going
Slide 12: Jacksonville: New Industrial Development
VALUE CREATION Jacksonville: New Industrial Development Transaction Summary: Delivered two buildings in 2023 totaling 80,322 square feet, both of which are fully leased. Location Jacksonville Delivery Q3 2023, Q4 2023 and Q4 2024 Delivered the third building at Liberty Business Park on October 31, 2
Slide 13: Nearly All of Plymouth’s Portfolio Resides Inside The Golden Triangle
THE GOLDEN TRIANGLE Nearly All of Plymouth’s Portfolio Resides Inside The Golden Triangle The region is named “The Golden Triangle” as it: • Within a day’s drive-time to 70% of the U.S. population • Includes more than half the U.S GDP within its boundaries • Contains more ports than any other region
Slide 14: Market Portrait Series
THE GOLDEN TRIANGLE Market Portrait Series Together with Avison Young, PLYM has highlighted key markets that are well located to the nation's logistics infrastructure and capable of serving half of the US population in a one-day truck drivetime. Memphis – 62 Buildings – 6,370,599 Square Feet • Major
Slide 15: Reshoring and Onshoring are Positive Catalysts for PLYM
THE GOLDEN TRIANGLE Reshoring and Onshoring are Positive Catalysts for PLYM Insert picture here Ongoing reshoring could increase the U.S. manufacturing base by 6% to 13% over 10 years and is encouraging nearshoring of manufacturing to Mexico and Canada • Investment in new manufacturing • Although mo
Slide 16: Tier II Markets Offer Sizable Advantages
THE GOLDEN TRIANGLE Tier II Markets Offer Sizable Advantages The Golden Triangle region has become the crème of the crop for logistics infrastructure • Diversifying ports of entry shift demand while shifting port volume favors Tier II markets Insert picture here • The strongest e-commerce, parcel de
Slide 17: Supply of PLYM-Type Properties is Diminishing
THE GOLDEN TRIANGLE Supply of PLYM-Type Properties is Diminishing Since 2001, proportion of overall industrial space in 20K – 150K square feet in Tier I and Tier II has declined 23% while inventory of 500K+ square feet has increased 198% since 2001 • This limiting supply has pushed up rental rates f
Slide 18: Class A Vacancy is 3X that of Class B in PLYM Markets
THE GOLDEN TRIANGLE Class A Vacancy is 3X that of Class B in PLYM Markets The U.S. industrial sector Overall Industrial Vacancy in Plymouth Industrial REIT Markets increase in vacancy is 2025 Q1- Vacancy Rates predominantly due to Market Square Feet Owned % of Portfolio Total Non-Class A Class A spe
Slide 19: PLYM Market Rent Growth to Outpace National Average
THE GOLDEN TRIANGLE PLYM Market Rent Growth to Outpace National Average National asking rents are Projected Rent Growth in Plymouth Industrial REIT Markets projected to increase in 2025 with the overall growth rate Square 2025 Q1 Market Rent Growth Average decelerating, a modest Feet % of Vacancy As
Slide 20: Lack of Availability Drives Superior Rental Growth
THE GOLDEN TRIANGLE Lack of Availability Drives Superior Rental Growth Near-term expirations present mark-to-market leasing and significant internal growth opportunities ORGANIC GROWTH Plymouth’s focus on select Tier I and Tier II markets allows for substantial rent growth opportunities • During Q1
Slide 21: Industrial Sector Dynamics Remain Strong
FROM THE FIRST MILE TO THE LAST MILE Industrial Sector Dynamics Remain Strong The U.S. industrial sector is experiencing rising rental rates and declining vacancy rates due primarily to the following long-term factors: • Limited new construction and growing demand • Positive economic tailwinds: trad
Slide 22: Capital Structure
FROM THE FIRST MILE TO THE LAST MILE Capital Structure Plymouth has access to multiple sources of capital and has continued to enhance its balance sheet and improve liquidity Capital Markets Highlights Fixed / Floating • Balance sheet was made stronger when we entered into a $600 million amended and
Slide 23: Proven Management Team
FROM THE FIRST MILE TO THE LAST MILE Proven Management Team Highly experienced management team with extensive commercial real estate and investment backgrounds Jeff Witherell • Over 30 years of experience in real estate investment, development and banking activities with $1.5 billion in total syndic
Slide 24: Strong Board and Corporate Governance
FROM THE FIRST MILE TO THE LAST MILE Strong Board and Corporate Governance Extensive real estate, logistics, Wall Street and public company expertise Shareholder friendly corporate governance • Former board member of Government Properties Trust (NYSE: GPT) and lead director of Philip Boston Capital
Slide 25: Atlanta | Boston | Columbus | Jacksonville | Memphis
Atlanta | Boston | Columbus | Jacksonville | Memphis 2025 INVESTOR PRESENTATION 25
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