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Plymouth Industrial REIT, Inc. PLYM
Real Estate - REIT - Industrial - NYSE - US
Watchlist
$ 16.35
0.677 %
$ 745 M
Market Cap
5.36
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one PLYM stock under the worst case scenario is HIDDEN Compared to the current market price of 16.4 USD, Plymouth Industrial REIT, Inc. is HIDDEN

PLYM Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one PLYM stock under the base case scenario is HIDDEN Compared to the current market price of 16.4 USD, Plymouth Industrial REIT, Inc. is HIDDEN

PLYM Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one PLYM stock under the best case scenario is HIDDEN Compared to the current market price of 16.4 USD, Plymouth Industrial REIT, Inc. is HIDDEN

PLYM Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart PLYM

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1M 2%
6M -3%
1Y -24%
3Y 5%
5Y 60%
All
$17.0$17.0$16.5$16.5$16.0$16.0$15.5$15.5$15.0$15.0$14.5$14.5$14.0$14.0$13.5$13.5$13.0$13.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
198 M REVENUE
-0.75%
Growth Rates
1Year -0.75%
3Years 12.15%
5Years 21.38%
7Years 34.57%
10Years 53.88%
36.1 M OPERATING INCOME
22.48%
Growth Rates
1Year 22.48%
3Years 61.57%
5Years 62.49%
7Years 47.93%
10Years 24.00%
142 M NET INCOME
931.12%
Growth Rates
1Year 931.12%
3Years 124.57%
5Years 69.34%
7Years 42.87%
10Years 25.54%
96.1 M OPERATING CASH FLOW
17.34%
Growth Rates
1Year 17.34%
3Years 18.36%
5Years 28.22%
7Years 43.73%
10Years 35.00%
87.5 M INVESTING CASH FLOW
110812.66%
Growth Rates
1Year 110812.66%
3Years 30.95%
5Years 19.49%
7Years 14.00%
10Years 9.91%
-166 M FINANCING CASH FLOW
-91.37%
Growth Rates
1Year -91.37%
3Years -15.40%
5Years -13.96%
7Years -9.86%
10Years -7.29%
45.6 M REVENUE
-4.20%
Growth Rates
1Year -0.75%
3Years 12.15%
5Years 21.38%
7Years 34.57%
10Years 53.88%
7.39 M OPERATING INCOME
-13.04%
Growth Rates
1Year 22.48%
3Years 61.57%
5Years 62.49%
7Years 47.93%
10Years 24.00%
7.01 M NET INCOME
-95.33%
Growth Rates
1Year 931.12%
3Years 124.57%
5Years 69.34%
7Years 42.87%
10Years 25.54%
15.6 M OPERATING CASH FLOW
-62.85%
Growth Rates
1Year 17.34%
3Years 18.36%
5Years 28.22%
7Years 43.73%
10Years 35.00%
-67.8 M INVESTING CASH FLOW
-38.58%
Growth Rates
1Year 110812.66%
3Years 30.95%
5Years 19.49%
7Years 14.00%
10Years 9.91%
52.1 M FINANCING CASH FLOW
125.07%
Growth Rates
1Year -91.37%
3Years -15.40%
5Years -13.96%
7Years -9.86%
10Years -7.29%
Balance Sheet Plymouth Industrial REIT, Inc.
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Current Assets 43.6 M
Cash & Short-Term Investments 17.5 M
Receivables 0
Other Current Assets 26.1 M
Non-Current Assets 1.32 B
Long-Term Investments 62.4 M
PP&E 0
Other Non-Current Assets 1.26 B
4.56 %92.25 %Total Assets$1.4b
Current Liabilities 104 M
Accounts Payable 83.8 M
Short-Term Debt 20 M
Other Current Liabilities 0
Non-Current Liabilities 677 M
Long-Term Debt 626 M
Other Non-Current Liabilities 51.5 M
10.73 %80.13 %6.59 %Total Liabilities$781.3m
EFFICIENCY
Earnings Waterfall Plymouth Industrial REIT, Inc.
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Revenue 198 M
Cost Of Revenue 61.7 M
Gross Profit 137 M
Operating Expenses 100 M
Operating Income 36.1 M
Other Expenses -106 M
Net Income 142 M
200m200m180m180m160m160m140m140m120m120m100m100m80m80m60m60m40m40m20m20m00198m(62m)137m(100m)36m106m142mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
68.89% GROSS MARGIN
68.89%
Averages
1Year 68.89%
3Years 68.92%
5Years 67.63%
7Years 66.64%
10Years 67.35%
18.22% OPERATING MARGIN
18.22%
Averages
1Year 18.22%
3Years 13.82%
5Years 10.40%
7Years 7.73%
10Years 0.81%
70.25% NET MARGIN
70.25%
Averages
1Year 70.25%
3Years 22.55%
5Years 2.61%
7Years -8.38%
10Years -53.42%
24.04% ROE
24.04%
Averages
1Year 24.04%
3Years 7.84%
5Years 1.34%
7Years -3.01%
10Years 7.99%
10.18% ROA
10.18%
Averages
1Year 10.18%
3Years 3.33%
5Years 0.74%
7Years -0.57%
10Years -6.44%
2.77% ROIC
2.77%
Averages
1Year 2.77%
3Years 2.00%
5Years 1.81%
7Years 1.43%
10Years 0.10%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Plymouth Industrial REIT, Inc.
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100m100m50m50m00(50m)(50m)(100m)(100m)(150m)(150m)(200m)(200m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 142 M
Depreciation & Amortization 84.5 M
Capital Expenditures 0
Stock-Based Compensation 4.2 M
Change in Working Capital 8.43 M
Others -151 M
Free Cash Flow 96.1 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 $22.9 , with forecasts ranging from a low of $17 to a high of $27 .
PLYM Lowest Price Target Wall Street Target
17 USD 3.98%
PLYM Average Price Target Wall Street Target
22.9 USD 40.06%
PLYM Highest Price Target Wall Street Target
27 USD 65.14%
Price
Max Price Target
Min Price Target
Average Price Target
282826262424222220201818161614141212Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
1.58% DIVIDEND YIELD
0.24 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.6001.6001.4001.4001.2001.2001.0001.0000.8000.8000.6000.6000.4000.4000.2000.2000.0000.0000.3750.3750.3750.20.220.2250.240.240.3750.3750.20.210.220.2250.240.240.0650.3750.3750.3750.20.210.220.2250.240.3751.190.3751.500.3751.330.20.990.210.850.220.880.2250.920.240.950.24201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 7
6. Ownership
Insider Ownership Plymouth Industrial REIT, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
13.3 M USD 1
Bought
0 USD 0
0-3 MONTHS
89.2 K USD 1
3-6 MONTHS
129 K USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
The Bulls Are Back U.S. equity markets surged to fresh record-highs as investors cheered a confluence of positive headlines: a temporary ceasefire in the Middle East, productive trade talks, and progress on tax cuts. Oil prices tumbled after the U.S. destroyed a trio of Iranian nuclear facilities in a formidable and decisive show of force, eliciting a ceasefire between Israel and Iran. Traders priced in additional rate cuts as tumbling oil prices and economic data that remains devoid of meaningful inflation prompted dovish dissents from several Fed officials. seekingalpha.com - 1 week ago
Plymouth Acquires Portfolio of Industrial Properties in Ohio PLYM purchases a portfolio of industrial properties in Columbus, Cincinnati and Cleveland, OH, well below replacement cost. zacks.com - 1 week ago
Plymouth Announces Strategic Acquisition of a 1.95-million-square-foot Ohio Industrial Portfolio BOSTON, June 23, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company” or “Plymouth”) today announced the acquisition of a 1.95-million-square-foot portfolio of industrial properties located across Columbus, Cincinnati, and Cleveland, Ohio for a total purchase price of $193.0 million. The 21-building portfolio comprises highly functional industrial assets with strong infill locations and desirable physical features including high clear heights, ample truck loading, updated lighting, and modern office finishes. globenewswire.com - 1 week ago
Plymouth Industrial REIT Declares Dividend for the Second Quarter of 2025 BOSTON, June 16, 2025 (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 second quarter of 2025. The dividend, which equates to an annualized rate of $0.96 per common share, is payable on July 31, 2025, to stockholders of record as of the close of business on June 30, 2025. globenewswire.com - 2 weeks ago
U.S. REIT Share Repurchase Activity Doubles In Q1 2025 Share buyback activity by US equity real estate investment trusts more than doubled in the first quarter, according to an analysis by S&P Global Market Intelligence. The US REIT sector bought back around $993.2 million in common stock in the period, more than twice as much as the $456.2 million in the fourth quarter of 2024 and up 15.5% year over year. More than a dozen REITs announced new share repurchase programs during the first quarter. seekingalpha.com - 1 month ago
Tariffs On, Tariffs Off US equity markets rallied this week, capping off the best monthly gains since November 2023, as investors weighed encouraging inflation data against a whipsaw of court rulings on tariffs. Extending the on-again-off-again tariff saga, a trade court ruled that the tariffs were procedurally invalid, but an Appeals court paused the block, likely sending the decision to the Supreme Court. Rebounding from declines of 2.6% last week, the S&P 500 rallied 1.8% this week, closing within 4% of its February record highs. seekingalpha.com - 1 month ago
Plymouth Industrial REIT Expands Portfolio in Atlanta BOSTON, May 28, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced the acquisition of a 100,420-square-foot single-tenant warehouse facility in southwest Atlanta, GA for $11.7 million, representing an initial net operating income (“NOI”) yield of 6.95%. The property is fully leased through May 2030 to a leading consumer self-care products and solutions provider. globenewswire.com - 1 month ago
Plymouth Industrial: Questioning The Growth Strategy 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. seekingalpha.com - 1 month ago
Plymouth Industrial (PLYM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates Although the revenue and EPS for Plymouth Industrial (PLYM) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. zacks.com - 2 months ago
Plymouth Industrial (PLYM) Q1 FFO and Revenues Miss Estimates Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.44 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to FFO of $0.45 per share a year ago. zacks.com - 2 months ago
Plymouth Industrial REIT Reports First Quarter Results BOSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (–“Plymouth” or the “Company”) today announced its financial results for the first quarter ended March 31, 2025 and other recent developments. globenewswire.com - 2 months ago
Short Interest Down For U.S. REITs In March, Up For Advertising REITs Average short interest in US equity real estate investment trusts decreased moderately in March. US REITs' short interest fell 3 basis points month over month to 3.7% of shares outstanding on average in March. The shopping center segment logged the biggest decline in March compared to the previous month, down 1.2 percentage points to 3.3% of shares outstanding on average. seekingalpha.com - 2 months ago
8. Profile Summary

Plymouth Industrial REIT, Inc. PLYM

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 745 M
Dividend Yield 1.58%
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 46
Officers Mr. James M. Connolly Executive Vice President of Asset Management Mr. Jeffrey Earle Witherell Co-Founder, Chairman & Chief Executive Officer Mr. Anthony J. Saladino CPA President & Chief Financial Officer Ms. Anne Alger Hayward Esq. Senior Vice President, General Counsel & Secretary Mr. Daniel Heffernan Senior Vice President of Asset Management Mr. Lyndon J. Blakesley Senior Vice President & Chief Accounting Officer Mr. Benjamin P. Coues Senior Vice President & Head of Acquisitions Mr. Scott L. Robinson Senior Vice President of Corporate Development