Plymouth Industrial Reit (PLYM) AI Stock Analysis

• Market Cap: $746.74M
• Dividend Yield: 5.92%
• Average Volume (3M): 337.89K
• Price to Earnings (P/E): 5.3
• Beta (1Y): 0.91
• Revenue Growth: -3.48%
• EPS Growth: 615.20%
• Country: US
• Employees: 46
• Sector: Real Estate
• Sector Strength: 63
• Industry: REIT - Industrial
• EPS (TTM): 0.13
• Shares Outstanding: 45,547,897
• 10 Day Avg. Volume: 250,291
• 30 Day Avg. Volume: 337,894
• PEG Ratio: -16.43
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.91
• Enterprise Value/Market Cap: 0.98
• Enterprise Value/Revenue: 0.92
• Enterprise Value/Gross Profit: 5.47
• Enterprise Value/Ebitda: 0.94
• 1Y Price Target: $18.50
• Price Target Upside: 14.06% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 80 Outperform
• Price Target: $18.50 ▲(14.06%Upside)

Plymouth Industrial REIT scores highly due to strong financial performance and attractive valuation metrics. Positive earnings call insights and strategic corporate events further bolster its potential, despite mixed technical signals. The company's robust management and strategic positioning in the REIT sector contribute to a strong overall outlook.

Positive Factors

Financial Performance

Plymouth offers a 5.8% dividend yield, higher than the industrial REIT average of 3.5%.

Investment Strategy

Plymouth continues to allocate capital to target Southeast/Midwest markets, which appear less susceptible to trade-related tariffs and are expected to be beneficiaries of higher levels of domestic manufacturing.

Operational Metrics

Portfolio occupancy increased to 94.3%.

Negative Factors

Financial Guidance

The outlook came in well below expectations, with guidance representing just 2% year-over-year growth.

Market Risks

Tenant decision making, especially among manufacturers, may take longer due to uncertainty from potential tariff war.

Operational Challenges

Recent vacancies weighed on portfolio operating trends, though management seems optimistic considering activity within the leasing pipeline.

Plymouth Industrial Reit Business Overview & Revenue Model

Company Description

Plymouth Industrial REIT, Inc. is a real estate investment trust that focuses on owning and operating industrial properties across the United States. The company's portfolio primarily consists of distribution centers, warehouses, and light industrial properties that cater to a diverse range of industries including logistics, manufacturing, and e-commerce. Plymouth Industrial REIT aims to provide institutional-quality industrial properties to its tenants while delivering stable and growing dividends to its investors.

How the Company Makes Money

Plymouth Industrial REIT generates revenue primarily through leasing its industrial properties to a variety of tenants. The company signs long-term lease agreements with businesses that require industrial space for activities such as warehousing, distribution, and manufacturing. These leases typically include base rent and may also incorporate additional charges for property-related expenses such as maintenance and utilities. The company seeks to maintain high occupancy rates and strategically acquires additional properties to expand its portfolio and increase rental income. Additionally, Plymouth may engage in property management services or enter into strategic partnerships to enhance its revenue streams. The company's earnings are significantly influenced by factors such as property location, tenant creditworthiness, market demand for industrial real estate, and overall economic conditions.

Plymouth Industrial Reit Financial Statement Overview

Summary

Plymouth Industrial REIT presents a strong financial position with impressive growth in revenue and net income, a balanced approach to debt management, and strong cash flow generation. These factors contribute to its solid standing in the REIT - Industrial industry, positioning it well for future growth and stability.

Income Statement

Plymouth Industrial REIT demonstrates strong and consistent revenue growth over recent years with a stable gross profit margin. The net profit margin has improved significantly from losses in earlier years to a healthy positive margin, indicating improved profitability. EBIT and EBITDA margins are robust, showcasing effective operational management and cost control.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, reflecting a balanced approach to leveraging debt in its capital structure. Return on equity has seen improvement, indicating better earnings generation from equity. The equity ratio, while not extremely high, is stable, demonstrating a solid asset base against liabilities.

Cash Flow

Plymouth Industrial REIT shows a positive trend in operating cash flow, aligning with net income improvements. The free cash flow growth rate is positive, supporting potential reinvestments or debt reduction. The operating cash flow to net income ratio is healthy, indicating good cash flow generation relative to net income.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
193.70M	198.35M	199.85M	183.54M	140.62M	109.85M
	Gross Profit
133.91M	136.64M	137.31M	126.94M	92.98M	71.69M
	EBIT
35.68M	36.14M	29.51M	15.54M	8.57M	4.90M
	EBITDA
262.68M	267.73M	142.79M	108.27M	75.34M	60.43M
	Net Income Common Stockholders
138.98M	139.34M	13.66M	-17.30M	-34.13M	-33.33M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
16.81M	17.55M	14.49M	11.00M	43.37M	15.67M
	Total Assets
1.44B	1.37B	1.44B	1.52B	1.27B	920.27M
	Total Debt
871.46M	646.02M	872.55M	916.62M	690.14M	520.37M
	Net Debt
854.64M	628.47M	858.05M	905.62M	646.77M	504.70M
	Total Liabilities
945.28M	781.30M	953.66M	998.09M	767.29M	581.05M
	Stockholders Equity
484.57M	579.55M	483.02M	517.84M	498.68M	334.45M
Cash Flow		Free Cash Flow
95.07M	96.07M	81.87M	16.73M	32.63M	35.68M
	Operating Cash Flow
95.07M	96.07M	81.87M	72.23M	57.94M	41.74M
	Investing Cash Flow
23.43M	87.46M	-79.00K	-252.36M	-356.08M	-259.12M
	Financing Cash Flow
-102.21M	-166.11M	-86.80M	167.97M	309.46M	227.03M

Plymouth Industrial Reit Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 16.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PLYM, the sentiment is Neutral. The current price of 16.22 is above the 20-day moving average (MA) of 16.11, above the 50-day MA of 15.45, and below the 200-day MA of 18.07, indicating a neutral trend. The MACD of 0.21 indicates Positive momentum. The RSI at 54.70 is Neutral, neither overbought nor oversold. The STOCH value of 65.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PLYM.

Plymouth Industrial Reit Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLYM	80 Outperform	$746.74M	5.32	26.05%	5.92%	-3.48%	615.20%
EGP	79 Outperform	$8.91B	37.06	7.61%	3.22%	11.92%	-0.83%
STAG	77 Outperform	$6.72B	27.21	7.15%	4.11%	8.81%	33.30%
FR	76 Outperform	$6.74B	24.48	10.18%	3.15%	9.18%	-7.05%
REXR	74 Outperform	$8.43B	28.93	3.35%	4.72%	18.02%	12.12%
LXP	68 Neutral	$2.55B	44.05	2.98%	6.15%	5.68%	358.78%
Sector *	61 Neutral	$2.82B	10.84	0.42%	8439.00%	5.74%	-20.95%

Plymouth Industrial Reit Corporate Events

Plymouth Industrial REIT to Acquire Ohio Property Portfolio

On May 29, 2025, Plymouth Industrial REIT, Inc. announced its entry into a Purchase Agreement to acquire a 21-building industrial property portfolio in Ohio for $193 million. This acquisition, expected to close by June 18, 2025, aims to expand the company’s footprint in the Cincinnati, Cleveland, and Columbus markets, adding approximately 1.95 million rentable square feet to its portfolio. The deal’s completion is contingent upon customary closing conditions, and a $3.86 million earnest money deposit has been made. This strategic move could enhance Plymouth Industrial REIT’s market position and offer potential growth opportunities in the industrial real estate sector.

The most recent analyst rating on (PLYM) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Plymouth Industrial Reit stock, see the PLYM Stock Forecast page.

Plymouth Industrial REIT Releases Q1 2025 Analyst Package

Plymouth Industrial REIT disclosed a supplemental analyst package and prepared commentary on May 1, 2025, in connection with its earnings conference call for the first quarter ended March 31, 2025. The release of these documents is intended to provide additional insights for stakeholders ahead of the scheduled conference call on May 2, 2025, potentially impacting the company’s communication strategy with analysts and investors.

Plymouth Industrial REIT Appoints New Independent Director

On March 13, 2025, Plymouth Industrial REIT announced the appointment of Robert O. Stephenson to its Board of Directors as an independent director and a member of the Audit Committee. Mr. Stephenson, who is currently the CFO of Omega Healthcare Investors, brings extensive REIT financial and operating experience, which is expected to significantly contribute to Plymouth’s operations and strategic goals.