Plymouth Industrial Reit (PLYM) AI Stock Analysis

• Market Cap: $990.97M
• Dividend Yield: 4.36%
• Average Volume (3M): 940.76K
• Price to Earnings (P/E): 7.6
• Beta (1Y): 0.85
• Revenue Growth: -3.63%
• EPS Growth: 436.37%
• Country: US
• Employees: 46
• Sector: Real Estate
• Sector Strength: 55
• Industry: REIT - Industrial
• EPS (TTM): -0.14
• Shares Outstanding: 44,553,787
• 10 Day Avg. Volume: 2,100,655
• 30 Day Avg. Volume: 940,758
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.63
• Enterprise Value/Revenue: 8.41
• Enterprise Value/Gross Profit: 12.23
• Enterprise Value/Ebitda: 6.40
• 1Y Price Target: $21.00
• Price Target Upside: -4.55% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 78 Outperform
• Price Target: $24.00 ▲(9.09% Upside)

Plymouth Industrial REIT's strong financial performance and attractive valuation are the primary drivers of its score. The technical analysis suggests a bullish trend, though caution is warranted due to overbought conditions. The earnings call supports a positive outlook, despite some challenges in lease renewals and market rent growth.

Positive Factors

Acquisition Proposal

The proposal represents a 45.2% premium to PLYM's VWAP and a 1.5% premium to consensus NAV.

Leasing Activity

Leasing activity accelerated with 2.5M SF of leases commenced.

Portfolio Performance

Portfolio occupancy rose, showing improved utilization of properties.

Negative Factors

Financial Performance

The company reported Core FFO numbers of $0.44, two cents lower than consensus estimates and one penny lower than analyst estimates.

Leverage and Financial Risk

Leverage rose to a sector-high level, indicating increased financial risk.

Share Dilution

The share dilution from Sixth Street's warrants makes it more expensive for a competing bid.

Plymouth Industrial Reit Business Overview & Revenue Model

Company Description

Plymouth Industrial REIT (PLYM) is a real estate investment trust focused on the acquisition, ownership, and management of industrial properties across the United States. The company primarily targets distribution and logistics facilities, particularly in well-located markets that benefit from e-commerce growth and supply chain efficiencies. Plymouth's portfolio is designed to provide stable cash flow and capital appreciation through strategic investments in properties that meet the needs of modern tenants.

How the Company Makes Money

Plymouth Industrial REIT generates revenue primarily through rental income from its industrial properties. The company leases its properties to a diverse range of tenants, including logistics and distribution companies, which provide long-term leases that contribute to predictable cash flows. Additionally, Plymouth may benefit from property appreciation over time as demand for industrial space increases. The firm also engages in strategic acquisitions of properties to expand its portfolio, and its revenue model is supported by a focus on high-quality assets in growing markets. Significant partnerships with local real estate brokers and property management firms help enhance its operational efficiency and tenant retention, thereby strengthening its overall earnings.

Plymouth Industrial Reit Financial Statement Overview

Summary

Plymouth Industrial REIT demonstrates strong revenue growth, improved net profit margins, and robust cash flow generation. The balance sheet shows a moderate debt-to-equity ratio and stable asset base, indicating a solid financial position.

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	192.22M	198.35M	199.85M	183.54M	140.62M	109.85M
Gross Profit	132.26M	136.64M	137.31M	126.94M	92.98M	71.69M
EBITDA	252.69M	267.73M	142.79M	108.27M	75.34M	60.43M
Net Income	131.57M	139.34M	13.66M	-17.30M	-34.13M	-33.33M
Balance Sheet
Total Assets	1.58B	1.37B	1.44B	1.52B	1.27B	920.27M
Cash, Cash Equivalents and Short-Term Investments	11.40M	17.55M	14.49M	11.00M	43.37M	15.67M
Total Debt	0.00	646.02M	872.55M	916.62M	690.14M	520.37M
Total Liabilities	962.16M	781.30M	953.66M	998.09M	767.29M	581.05M
Stockholders Equity	539.57M	579.55M	483.02M	517.84M	498.68M	334.45M
Cash Flow
Free Cash Flow	98.57M	96.07M	81.87M	16.73M	32.63M	35.68M
Operating Cash Flow	98.57M	96.07M	81.87M	72.23M	57.94M	41.74M
Investing Cash Flow	-191.94M	87.46M	-79.00K	-252.36M	-356.08M	-259.12M
Financing Cash Flow	94.71M	-166.11M	-86.80M	167.97M	309.46M	227.03M

Plymouth Industrial Reit Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PLYM, the sentiment is Positive. The current price of 22 is above the 20-day moving average (MA) of 17.68, above the 50-day MA of 16.53, and above the 200-day MA of 16.37, indicating a bullish trend. The MACD of 1.81 indicates Negative momentum. The RSI at 81.53 is Negative, neither overbought nor oversold. The STOCH value of 85.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PLYM.

Plymouth Industrial Reit Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLYM	78 Outperform	$990.97M	7.63	25.64%	4.36%	-3.63%	436.37%
REXR	76 Outperform	$9.80B	30.80	3.74%	4.09%	13.66%	11.34%
FR	74 Outperform	$7.18B	25.72	10.33%	3.10%	9.66%	-4.60%
STAG	73 Outperform	$7.02B	29.09	6.89%	4.03%	8.56%	22.20%
EGP	70 Outperform	$9.04B	36.57	7.66%	3.30%	11.22%	-3.16%
LXP	69 Neutral	$2.69B	32.82	4.15%	5.89%	6.64%	210.89%
Sector *	63 Neutral	$7.06B	13.54	-0.50%	6.96%	4.08%	-25.24%

Plymouth Industrial Reit Corporate Events

Plymouth Industrial REIT Reports Q2 2025 Financial Results

On August 6, 2025, Plymouth Industrial REIT announced its second-quarter financial results, reporting a net loss of $0.14 per share and a Core FFO of $0.46 per share. The company experienced a 6.7% increase in same-store net operating income and a 10% increase in rental rates for commenced leases. Plymouth acquired 22 industrial buildings totaling over 2 million square feet for $204.7 million, reflecting its strategy of growth through acquisitions and leasing. The company also repurchased over 1 million shares of common stock and issued Series C Preferred Units, reinforcing its commitment to shareholder value.

Plymouth Industrial REIT Completes Major Property Acquisition

On June 18, 2025, Plymouth Industrial REIT, Inc. completed the acquisition of a 21-building industrial property portfolio for $193.0 million. This strategic acquisition, funded through the company’s unsecured revolving credit facility, adds approximately 2.1 million square feet of rentable space to its portfolio, enhancing its market position in the industrial real estate sector.

Plymouth Industrial REIT Holds 2025 Annual Stockholders Meeting

During the 2025 Annual Meeting of Stockholders held on June 12, Plymouth Industrial REIT, Inc. saw the election of eight board members, approval of executive compensation, and ratification of PricewaterhouseCoopers LLP as the accounting firm for 2025. The company will continue annual advisory votes on executive compensation, reflecting shareholder preferences and aligning with board recommendations.

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.