Plymouth Industrial REIT, Inc. (PLYM)

US — Real Estate Sector
Peers: REXR  EGP  LXP  INDT  FR  TRNO  SELF  COLD 

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Key Metrics & Ratings

  • symbol PLYM
  • Rev/Share 4.2961
  • Book/Share 12.8407
  • PB 1.2973
  • Debt/Equity 1.2434
  • CurrentRatio 0.2666
  • ROIC 0.0269

 

  • MktCap 748351997.0
  • FreeCF/Share 2.1086
  • PFCF 7.8718
  • PE 5.3302
  • Debt/Assets 0.5049
  • DivYield 0.0584
  • ROE 0.2696

 

  • Rating A-
  • Score 4
  • Recommendation Buy
  • P/E Score 3
  • DCF Score 4
  • P/B Score 2
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade PLYM Truist Buy Hold -- -- Jan. 17, 2025

News

Plymouth Industrial: Questioning The Growth Strategy
PLYM
Published: May 12, 2025 by: Seeking Alpha
Sentiment: Negative

Plymouth Industrial REIT focuses on the Golden Triangle, owning nearly 200 buildings with high occupancy but relies heavily on shareholder dilution for growth. The complex deal with Sixth Street, involving a $250 million investment and preferred equity issuance, complicates financials and raises concerns about capital allocation strategies. Despite appealing valuation metrics, including a low FFO multiple and high dividend yield, I remain cautious due to dated properties and expensive overhead.

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image for news Plymouth Industrial: Questioning The Growth Strategy
Plymouth Industrial Boosts Growth With Healthy Leasing Activity in Q1
PLYM
Published: April 08, 2025 by: Zacks Investment Research
Sentiment: Positive

PLYM drives growth with healthy leasing activity and strategic acquisitions.

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image for news Plymouth Industrial Boosts Growth With Healthy Leasing Activity in Q1
Plymouth Industrial REIT Expands Portfolio in Atlanta and Cincinnati
PLYM
Published: March 20, 2025 by: GlobeNewsWire
Sentiment: Neutral

Closed on $65.1 Million of Acquisitions during the First Quarter of 2025 Closed on $65.1 Million of Acquisitions during the First Quarter of 2025

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image for news Plymouth Industrial REIT Expands Portfolio in Atlanta and Cincinnati
5 REITs Ripe For Buyout
BFS, BSRTF, DLR, FPI, FRT, HPP, KIM, PLYM, SRRTF, WELL, WSR
Published: February 27, 2025 by: Seeking Alpha
Sentiment: Positive

M&A is beneficial for target shareholders, offering premiums of 10%-50%, and identifying potential buyout targets involves analyzing specific features like discount to NAV and valuation disparity. REITs trading below NAV, especially in hot asset classes, are prime M&A candidates. Willingness to sell, management incentives, and operational synergies are crucial factors in determining a company's likelihood of being acquired.

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image for news 5 REITs Ripe For Buyout
Plymouth Industrial REIT, Inc. (PLYM) Q4 2024 Earnings Conference Call Transcript
PLYM
Published: February 27, 2025 by: Seeking Alpha
Sentiment: Neutral

Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q4 2024 Earnings Conference Call February 27, 2025 9:00 AM ET Company Participants John Wilfong - IR Jeff Witherell - Chairman & CEO Anthony Saladino - EVP & CFO Conference Call Participants Eric Borden - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Rich Anderson - Wedbush Nick Thielman - Baird Mitch Germain - Citizens JMP Brendan Lynch - Barclays Michael Mueller - JPMorgan Operator Good morning and welcome to the Plymouth Industrial REIT Conference Call to review the Company's Results for the Fourth Quarter of 2024. All participants will be in listen-only …

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image for news Plymouth Industrial REIT, Inc. (PLYM) Q4 2024 Earnings Conference Call Transcript
Plymouth Industrial (PLYM) Reports Q4 Earnings: What Key Metrics Have to Say
PLYM
Published: February 26, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for Plymouth Industrial (PLYM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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image for news Plymouth Industrial (PLYM) Reports Q4 Earnings: What Key Metrics Have to Say
Plymouth Industrial (PLYM) Matches Q4 FFO Estimates
PLYM
Published: February 26, 2025 by: Zacks Investment Research
Sentiment: Positive

Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.46 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.47 per share a year ago.

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image for news Plymouth Industrial (PLYM) Matches Q4 FFO Estimates
Plymouth Industrial REIT Reports Fourth Quarter Results
PLYM
Published: February 26, 2025 by: GlobeNewsWire
Sentiment: Neutral

BOSTON, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (–“Plymouth” or the “Company”) today announced its financial results for the fourth quarter, fiscal year ended December 31, 2024 and other recent developments. Fourth Quarter, Full Year 2024 and Subsequent Highlights Reported results for the fourth quarter of 2024 reflect net income attributable to common stockholders of $3.25 per weighted average common share; Core Funds from Operations attributable to common stockholders and unit holders (“Core FFO”) of $0.46 per weighted average common share and units; and Adjusted FFO (“AFFO”) of $0.40 per weighted average common share and …

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image for news Plymouth Industrial REIT Reports Fourth Quarter Results
Plymouth Industrial REIT Promotes Anthony Saladino to President
PLYM
Published: February 19, 2025 by: GlobeNewsWire
Sentiment: Neutral

BOSTON, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced it has promoted Anthony Saladino to President and Chief Financial Officer, effective immediately.

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image for news Plymouth Industrial REIT Promotes Anthony Saladino to President

About Plymouth Industrial REIT, Inc. (PLYM)

  • IPO Date 2017-06-09
  • Website https://www.plymouthreit.com
  • Industry REIT - Industrial
  • CEO Mr. Jeffrey Earle Witherell
  • Employees 46

Plymouth Industrial REIT, Inc. is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.