Plymouth Industrial Reit (PLYM) AI Stock Analysis

• Market Cap: $740.75M
• Dividend Yield: 5.97%
• Average Volume (3M): 361.61K
• Price to Earnings (P/E): 5.3
• Beta (1Y): 0.86
• Revenue Growth: -3.48%
• EPS Growth: 615.20%
• Country: US
• Employees: 46
• Sector: Real Estate
• Sector Strength: 55
• Industry: REIT - Industrial
• EPS (TTM): 0.13
• Shares Outstanding: 45,547,897
• 10 Day Avg. Volume: 501,778
• 30 Day Avg. Volume: 361,611
• PEG Ratio: 0.72
• Price to Book (P/B): 1.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 45.59
• Enterprise Value/Market Cap: 2.25
• Enterprise Value/Revenue: 2.10
• Enterprise Value/Gross Profit: 12.46
• Enterprise Value/Ebitda: 2.15
• 1Y Price Target: $18.67
• Price Target Upside: 16.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 80 Outperform
• Price Target: $18.50 ▲(14.98%Upside)

Plymouth Industrial REIT scores highly due to its strong financial performance, attractive valuation, and strategic acquisitions, which enhance its market position. The technical outlook is stable, though slightly below long-term averages. Earnings guidance is positive, with some short-term challenges. Overall, the stock is well-positioned for future growth and stability.

Positive Factors

Financial Performance

The company will experience a 12.2% increase in rental rates on a cash basis from executed leases.

Investment Strategy

Plymouth continues to allocate capital to target Southeast/Midwest markets, which are expected to benefit from higher levels of domestic manufacturing.

Market Position

The portfolio is poised to benefit from the political landscape, maintaining a Market Outperform rating.

Negative Factors

Financial Guidance

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

Lease Expirations

There are two large lease expirations this year, posing potential risks to occupancy and revenue.

Market Challenges

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

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 throughout the United States. The company's portfolio primarily consists of distribution centers, warehouses, and light industrial properties, catering to a diverse range of tenants in the logistics, e-commerce, and manufacturing sectors. As a REIT, Plymouth Industrial REIT is committed to providing investors with stable and growing dividends driven by the income generated from its properties.

How the Company Makes Money

Plymouth Industrial REIT makes money primarily through the rental income generated from its portfolio of industrial properties. The company leases space to a variety of tenants, including logistics companies, e-commerce businesses, and manufacturers, who require warehouse and distribution facilities. The rental agreements are typically long-term, providing a stable and predictable cash flow. In addition to rental income, the company may also generate revenue through property acquisitions and dispositions, capital appreciation, and strategic partnerships that enhance the value of its portfolio. Plymouth Industrial REIT's earnings are further supported by maintaining high occupancy rates and managing property expenses efficiently.

Plymouth Industrial Reit Financial Statement Overview

Summary

Plymouth Industrial REIT demonstrates robust financial health with consistent revenue growth, improved net profit margins, and strong cash flow generation. The company maintains a balanced approach to debt management, contributing to a stable 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	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
EBITDA	262.68M	267.73M	142.79M	108.27M	75.34M	60.43M
Net Income	138.98M	139.34M	13.66M	-17.30M	-34.13M	-33.33M
Balance Sheet
Total Assets	1.41B	1.37B	1.44B	1.52B	1.27B	920.27M
Cash, Cash Equivalents and Short-Term Investments	19.13M	17.55M	14.49M	11.00M	43.37M	15.67M
Total Debt	709.97M	646.02M	872.55M	916.62M	690.14M	520.37M
Total Liabilities	827.32M	781.30M	953.66M	998.09M	767.29M	581.05M
Stockholders Equity	571.00M	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: Negative
• Last Price: 16.09
• 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 Negative. The current price of 16.09 is below the 20-day moving average (MA) of 16.36, above the 50-day MA of 15.83, and below the 200-day MA of 17.56, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 47.18 is Neutral, neither overbought nor oversold. The STOCH value of 20.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	$740.75M	5.28	26.05%	5.97%	-3.48%	615.20%
STAG	77 Outperform	$6.90B	27.34	7.15%	4.12%	8.81%	33.30%
EGP	76 Outperform	$8.80B	36.61	7.61%	3.34%	11.92%	-0.83%
FR	75 Outperform	$6.68B	24.28	10.18%	3.64%	9.18%	-7.05%
REXR	73 Outperform	$8.58B	29.43	3.35%	4.75%	18.02%	12.12%
LXP	66 Neutral	$2.50B	43.13	2.98%	6.40%	5.68%	358.78%
Sector *	64 Neutral	€2.51B	17.42	3.70%	5.55%	3.41%	14.14%

Plymouth Industrial Reit Corporate Events

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.

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 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.

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 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.