Plymouth Industrial REIT Expands Institutional Shareholder Base

Jeff Witherell, CEO of Plymouth Industrial REIT, Inc. (NYSE American: PLYM), participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.

Witherell explained how Plymouth continues to efficiently deploy capital and take advantage of accretive acquisition opportunities. He pointed to two equity offerings completed this year “that really expanded our institutional shareholder base.” Plymouth also expanded its credit facility and lowered interest costs by over 50 basis points, he said.

As for customer sentiment across Plymouth’s core markets in relation to macroeconomic trends, Witherell said the company’s diversified tenant base is not showing any sign of a change in mood.

Meanwhile, Witherell pointed to two recent acquisitions—one in Ohio and the other in Chicago—that demonstrate the company’s chosen strategy.