Why Did Plymouth Industrial Plunge 17.46% Despite Growth?

On April 9, 2025, Plymouth Industrial experienced a significant drop of 17.46% in pre-market trading, marking a notable decline in its stock performance.

Plymouth Industrial REIT recently released its first-quarter 2025 activity update, emphasizing robust leasing activity and strategic initiatives. The company reported a same-store occupancy rate of 94.7% as of March 31, 2025, with the total portfolio occupancy standing at 94.3%. This slight decrease in occupancy from the previous quarter reflects ongoing adjustments in the market.

Despite the dip in occupancy, Plymouth Industrial has been actively expanding its portfolio. During the first quarter, the company acquired six industrial buildings totaling 801,161 square feet for $65.1 million. This acquisition activity underscores the company's commitment to growth and its strategic focus on the industrial real estate sector.