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Real Estate - REIT - Industrial - NYSE - US
$ 16.65
-3.37 %
$ 756 M
Market Cap
832.5
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 19, 2025.

The intrinsic value of one PLYM stock under the worst case scenario is HIDDEN Compared to the current market price of 16.6 USD, Plymouth Industrial REIT, Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 19, 2025.

The intrinsic value of one PLYM stock under the base case scenario is HIDDEN Compared to the current market price of 16.6 USD, Plymouth Industrial REIT, Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 19, 2025.

The intrinsic value of one PLYM stock under the best case scenario is HIDDEN Compared to the current market price of 16.6 USD, Plymouth Industrial REIT, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
200 M REVENUE
8.89%
29.5 M OPERATING INCOME
89.94%
13.8 M NET INCOME
180.76%
81.9 M OPERATING CASH FLOW
13.35%
-79 K INVESTING CASH FLOW
99.97%
-86.8 M FINANCING CASH FLOW
-51.68%
51.9 M REVENUE
6.54%
9.9 M OPERATING INCOME
0.15%
-15.3 M NET INCOME
-1155.50%
17.6 M OPERATING CASH FLOW
-11.55%
-87.4 M INVESTING CASH FLOW
-2984.63%
67.2 M FINANCING CASH FLOW
583.84%
Balance Sheet Plymouth Industrial REIT, Inc.
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Current Assets 26.2 M
Cash & Short-Term Investments 14.5 M
Receivables 0
Other Current Assets 11.7 M
Non-Current Assets 1.42 B
Long-Term Investments 0
PP&E 4.83 M
Other Non-Current Assets 1.41 B
Current Liabilities 88.7 M
Accounts Payable 67.7 M
Short-Term Debt 19.6 M
Other Current Liabilities 1.44 M
Non-Current Liabilities 865 M
Long-Term Debt 850 M
Other Non-Current Liabilities 15.4 M
EFFICIENCY
Earnings Waterfall Plymouth Industrial REIT, Inc.
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Revenue 200 M
Cost Of Revenue 62.5 M
Gross Profit 137 M
Operating Expenses 137 M
Operating Income 29.5 M
Other Expenses 15.7 M
Net Income 13.8 M
RATIOS
68.71% GROSS MARGIN
68.71%
14.77% OPERATING MARGIN
14.77%
6.84% NET MARGIN
6.84%
2.83% ROE
2.83%
0.95% ROA
0.95%
2.19% ROIC
2.19%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Plymouth Industrial REIT, Inc.
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Net Income 13.8 M
Depreciation & Amortization 90.7 M
Capital Expenditures 0
Stock-Based Compensation 2.97 M
Change in Working Capital -3.24 M
Others -31.8 M
Free Cash Flow 81.9 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Plymouth Industrial REIT, Inc.
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Wall Street analysts predict an average 1-year price target for PLYM of $25.1 , with forecasts ranging from a low of $22 to a high of $27 .
PLYM Lowest Price Target Wall Street Target
22 USD 32.13%
PLYM Average Price Target Wall Street Target
25.1 USD 50.82%
PLYM Highest Price Target Wall Street Target
27 USD 62.16%
4. DIVIDEND ANALYSIS
1.08% DIVIDEND YIELD
0.24 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Plymouth Industrial REIT, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
13.3 M USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
129 K USD 2
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
86.3 K USD 1
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Nov 15, 2024
Bought 92 K USD
WHITE PENDLETON P. JR.
Director
+ 5000
18.39 USD
2 months ago
Nov 15, 2024
Bought 37 K USD
Witherell Jeffrey E
CEO
+ 2000
18.49 USD
5 months ago
Aug 19, 2024
Sell 13.3 M USD
MIRELF VI REIT Investments IV, LLC
other: No longer a 10% owner
- 563438
23.58 USD
10 months ago
Mar 14, 2024
Bought 86.3 K USD
WHITE PENDLETON P
Director
+ 4000
21.58 USD
3 years ago
Sep 07, 2021
Sell 284 K USD
Witherell Jeffrey E
CEO
- 11923
23.81 USD
3 years ago
Sep 07, 2021
Sell 284 K USD
WHITE PENDLETON P
President and CIO
- 11923
23.81 USD
5 years ago
Mar 12, 2019
Bought 15.3 K USD
Witherell Jeffrey E
CEO
+ 1000
15.33 USD
6 years ago
Dec 20, 2018
Bought 1.2 K USD
DeAgazio Richard J
Director
+ 100
12.05 USD
6 years ago
Dec 19, 2018
Bought 4.95 K USD
DeAgazio Richard J
Director
+ 400
12.37 USD
6 years ago
Dec 19, 2018
Bought 12.4 K USD
WHITE PENDLETON P
President and CIO
+ 1000
12.35 USD
6 years ago
Dec 19, 2018
Bought 10 K USD
WRIGHT DANIEL C
CFO
+ 800
12.5 USD
6 years ago
Sep 06, 2018
Bought 12.3 K USD
Witherell Jeffrey E
CEO
+ 800
15.42 USD
6 years ago
Aug 16, 2018
Bought 7.8 K USD
WHITE PENDLETON P
President and CIO
+ 500
15.6 USD
6 years ago
Mar 21, 2018
Bought 4.44 K USD
WHITE PENDLETON P
President and CIO
+ 250
17.78 USD
6 years ago
Mar 21, 2018
Bought 17.8 K USD
Witherell Jeffrey E
CEO
+ 1000
17.75 USD
6 years ago
Mar 13, 2018
Bought 1.73 K USD
Witherell Jeffrey E
CEO
+ 100
17.31 USD
6 years ago
Mar 13, 2018
Bought 4.34 K USD
WHITE PENDLETON P
President and CIO
+ 250
17.38 USD
6 years ago
Mar 13, 2018
Bought 5.17 K USD
WRIGHT DANIEL C
CFO
+ 300
17.224 USD
7 years ago
Dec 07, 2017
Bought 8.76 K USD
WRIGHT DANIEL C
CFO
+ 500
17.53 USD
7 years ago
Dec 07, 2017
Bought 8.76 K USD
WRIGHT DANIEL C
CFO
+ 500
17.53 USD
7 years ago
Dec 07, 2017
Bought 8.8 K USD
Witherell Jeffrey E
CEO
+ 500
17.6 USD
7 years ago
Dec 05, 2017
Bought 8.94 K USD
WHITE PENDLETON P
President and CIO
+ 500
17.89 USD
7 years ago
Nov 24, 2017
Bought 5.41 K USD
WHITE PENDLETON P
President and CIO
+ 300
18.03 USD
7 years ago
Nov 24, 2017
Bought 18 K USD
Witherell Jeffrey E
CEO
+ 1000
18.04 USD
7 years ago
Jun 09, 2017
Bought 3.63 K USD
WHITE PENDLETON P
President and CIO
+ 200
18.13 USD
7 years ago
Jun 12, 2017
Bought 18.4 K USD
WRIGHT DANIEL C
EVP/CFO
+ 1000
18.36 USD
7 years ago
Jun 09, 2017
Bought 3.63 K USD
Witherell Jeffrey E
CEO
+ 200
18.17 USD
7. News
Innovative Industrial's Business Model Fails, While Plymouth Shows Resilience Plymouth Industrial REIT, Inc. is a strong industrial REIT with a durable business model, trading at a discounted AFFO multiple and well below NAV. Innovative Industrial Properties, Inc. faces significant tenant difficulties, with high rent per foot and risky tenant investment strategy leading to potential long-term vacancies or reduced rents. PLYM's tenant defaults are minor and have led to higher replacement rents, showcasing robust asset underwriting and a focus on quality real estate. seekingalpha.com - 3 weeks ago
Plymouth Buys Portfolio for $20.1M, Boosts Cincinnati Presence PLYM purchases the small bay industrial properties in Cincinnati well below replacement cost. zacks.com - 3 weeks ago
Plymouth Industrial REIT Adds to its Presence in Cincinnati with Acquisition of Small Bay Industrial Portfolio for $20.1 Million Second Tranche of Portfolio to Close in First Quarter of 2025 for $17.9 Million Second Tranche of Portfolio to Close in First Quarter of 2025 for $17.9 Million globenewswire.com - 1 month ago
Plymouth Industrial REIT Declares Dividend for the Fourth Quarter of 2024 BOSTON, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced that its board of directors has declared a regular quarterly cash dividend of $0.24 per share of common stock for the fourth quarter of 2024. The dividend, which equates to an annualized rate of $0.96 per common share, is payable on January 31, 2025, to stockholders of record as of the close of business on December 31, 2024. globenewswire.com - 1 month ago
Sector Spotlight: Industrial REITs - Still A Real Estate Darling? The industrial REIT sector has seen significant price corrections due to changing macroeconomic factors, making current pricing more investible. Investor enthusiasm has waned, reflected in falling AFFO multiples from 35.5x in 2021 to 20.5x recently. Despite strong demand, new supply has suppressed rent growth and occupancy, leading to tepid SSNOI growth. seekingalpha.com - 1 month ago
Undercovered Dozen: Canadian Solar, Plymouth Industrial, GameStop, Samsara + The 'Undercovered' Dozen highlights 12 lesser-covered stocks, showcasing diverse investment opportunities and sparking community discussion on their potential. Canadian Solar's shift to owning power plants is seen as ensuring consistent profits from electricity sales, mitigating manufacturing volatility and boosting future profitability. Plymouth Industrial REIT faces challenges with earnings misses and competitive disadvantages, making it less attractive compared to other industrial and retail REITs according to David Johnson. seekingalpha.com - 1 month ago
Plymouth Industrial: Too Risky To Own Despite some positive deals, Plymouth's high volatility, tenant issues, and underperformance compared to peers make it less attractive for income-seeking investors. Plymouth's smaller size makes it vulnerable to short-term shocks and outbidding by larger competitors, impacting its stability and growth potential. I rate PLYM stock as a Sell due to a Q3 earnings miss, size disadvantages, and better alternatives in the industrial REIT space. seekingalpha.com - 2 months ago
AIP Realty Trust Announces Securities Purchase Agreement to Acquire AllTrades Industrial Properties, LLC and Closing of Investment by Plymouth Industrial OP, LP, a subsidiary of Plymouth Industrial REIT, Inc. VANCOUVER, British Columbia, Nov. 14, 2024 (GLOBE NEWSWIRE) -- AIP Realty Trust (the “Trust” or “AIP”) (TSXV: AIP.U) today announces that it, through its subsidiary AIP OP, LP (“OP LP”), has entered into a securities purchase agreement (the “Securities Purchase Agreement”) with 2024 ATIP, Inc. (“ATIP”) pursuant to which the Trust proposes to acquire (the “AllTrades Transaction”) all of the issued and outstanding membership interests (“Membership Interests”) of AllTrades Industrial Properties, LLC (“AllTrades”). OP LP is a Delaware limited partnership of which AIP Realty USA, Inc. (the “REIT”), a subsidiary of the Trust, serves as general partner. Pursuant to the AllTrades Transaction, among other things, OP LP will acquire all of the Membership Interests, the consideration for which is expected to be comprised of the following: globenewswire.com - 2 months ago
Why REITs Will Pummel Stocks In 2025 REITs have strongly outperformed the S&P 500 in the recent past. I expect this strong outperformance to continue. There are two reasons for this. seekingalpha.com - 2 months ago
Plymouth Industrial REIT, Inc. (PLYM) Q3 2024 Earnings Call Transcript Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations Jeff Witherell - Chairman & Chief Executive Officer Anthony Saladino - Executive Vice President & Chief Financial Officer Jim Connolly - Executive Vice President, Asset Management Conference Call Participants Mitch Germain - Citizens JMP Rich Anderson - Wedbush John Kim - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Brendan Lynch - Barclays Anthony Howe - Truist Securities Operator Good morning, and welcome to the Plymouth Industrial REIT Conference Call to review the company's Results for the Third Quarter of 2024. All participants will be in listen-only mode. seekingalpha.com - 2 months ago
Plymouth Industrial (PLYM) Q3 FFO Lag Estimates Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.44 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to FFO of $0.46 per share a year ago. zacks.com - 2 months ago
Plymouth Industrial REIT Reports Third Quarter 2024 Results BOSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced its financial results for the third quarter ended September 30, 2024, and other recent developments. globenewswire.com - 2 months ago
8. Profile Summary

Plymouth Industrial REIT, Inc. PLYM

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 756 M
Dividend Yield 1.08%
Description 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.
Contact 260 Franklin Street, Boston, MA, 02110 https://www.plymouthreit.com
IPO Date June 9, 2017
Employees 43
Officers Ms. Anne Alger Hayward Esq. Senior Vice President, General Counsel & Secretary Mr. Philip S. Cottone Independent Director Mr. Jeffrey Earle Witherell Co-Founder, Chairman & Chief Executive Officer Mr. Anthony J. Saladino CPA Executive Vice President & Chief Financial Officer Mr. Lyndon J. Blakesley Senior Vice President & Chief Accounting Officer Mr. Daniel Heffernan Senior Vice President of Asset Management Mr. Scott L. Robinson Senior Vice President of Corporate Development Mr. James M. Connolly Executive Vice President of Asset Management Mr. Benjamin P. Coues Senior Vice President & Head of Acquisitions