Plymouth Industrial REIT, Inc. (PLYM)

NYSE: PLYM · Real-Time Price · USD
14.54
+0.23 (1.61%)
Apr 17, 2025, 4:00 PM EDT - Market closed
1.61%
Market Cap 669.90M
Revenue (ttm) 193.21M
Net Income (ttm) 137.87M
Shares Out 46.04M
EPS (ttm) 3.06
PE Ratio 4.75
Forward PE n/a
Dividend $0.96 (6.60%)
Ex-Dividend Date Mar 31, 2025
Volume 263,349
Open 14.49
Previous Close 14.31
Day's Range 14.44 - 14.66
52-Week Range 12.70 - 24.71
Beta 1.22
Analysts Buy
Price Target 21.56 (+48.28%)
Earnings Date May 1, 2025

About PLYM

Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe. [Read more]

Sector Real Estate
IPO Date Jun 9, 2017
Employees 46
Stock Exchange NYSE
Ticker Symbol PLYM
Full Company Profile

Financial Performance

In 2024, Plymouth Industrial REIT's revenue was $193.21 million, a decrease of -3.32% compared to the previous year's $199.85 million. Earnings were $137.87 million, an increase of 1468.26%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for PLYM stock is "Buy." The 12-month stock price forecast is $21.56, which is an increase of 48.28% from the latest price.

Price Target
$21.56
(48.28% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Plymouth Industrial REIT Provides Activity Update for First Quarter 2025

BOSTON, April 07, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company” or “Plymouth”) provided an activity update for the first quarter of 2025. The Company also announc...

10 days ago - GlobeNewsWire

Cash COWs: 11 High-Yield REITs

Now is a good time to invest in REITs due to low inflation, expected rate cuts, and a bullish technical trend. Analyst upgrades on REITs outnumber downgrades, and many quality REITs offer higher-than-...

14 days ago - Seeking Alpha

Plymouth Industrial REIT Expands Portfolio in Atlanta and Cincinnati

Closed on $65.1 Million of Acquisitions during the First Quarter of 2025 Closed on $65.1 Million of Acquisitions during the First Quarter of 2025

4 weeks ago - GlobeNewsWire

Plymouth Industrial REIT Declares Dividend for the First Quarter of 2025

BOSTON, March 14, 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....

4 weeks ago - GlobeNewsWire

Plymouth Industrial REIT Appoints Robert O. Stephenson to Board of Directors

BOSTON, March 13, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced the appointment of Robert O. Stephenson to its Board of Directors. He will serve ...

5 weeks ago - GlobeNewsWire

Plymouth Industrial: High Yield And Value In Plain Sight

Plymouth Industrial REIT trades at a significant discount to peers, offering a compelling value opportunity with strong fundamentals and a 5.6% dividend yield. PLYM focuses on secondary markets within...

6 weeks ago - Seeking Alpha

5 REITs Ripe For Buyout

M&A is beneficial for target shareholders, offering premiums of 10%-50%, and identifying potential buyout targets involves analyzing specific features like discount to NAV and valuation disparity. REI...

Other symbols: BFSDLRFPIFRTHPPKIMWELL
7 weeks ago - Seeking Alpha

Plymouth Industrial REIT, Inc. (PLYM) Q4 2024 Earnings Conference Call Transcript

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Q4 2024 Earnings Conference Call February 27, 2025 9:00 AM ET Company Participants John Wilfong - IR Jeff Witherell - Chairman & CEO Anthony Saladino - EVP ...

7 weeks ago - Seeking Alpha

Plymouth Industrial REIT Reports Fourth Quarter Results

BOSTON, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (–“Plymouth” or the “Company”) today announced its financial results for the fourth quarter, fiscal year ended Dec...

7 weeks ago - GlobeNewsWire

Plymouth Industrial REIT Promotes Anthony Saladino to President

BOSTON, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced it has promoted Anthony Saladino to President and Chief Financial Officer, effecti...

2 months ago - GlobeNewsWire

Plymouth Industrial REIT Executes Value-Add Initiatives in Recently Acquired Memphis Logistics Portfolio

BOSTON, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the sale of a 33,688-square-foot flex building in Memphis, TN to an end user at a price of $2.4 million....

2 months ago - GlobeNewsWire

Plymouth Industrial REIT Inks Lease at Key St. Louis Building

BOSTON, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced it has executed a two-year lease at its 769,500-square-foot Class A industrial building in the Metro Eas...

3 months ago - GlobeNewsWire

CORRECTING and REPLACING -- Plymouth Industrial REIT Announces Tax Treatment of 2024 Dividends

BOSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the tax treatment of its 2024 dividends to common stockholders. The following table summarizes Plymouth ...

3 months ago - GlobeNewsWire

Plymouth Industrial REIT Announces Tax Treatment of 2024 Dividends

BOSTON, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the tax treatment of its 2024 dividends to common stockholders. The following table summarizes Plymouth ...

3 months ago - GlobeNewsWire

Plymouth Industrial REIT Provides Activity Update for Fourth Quarter 2024

BOSTON, Jan. 10, 2025 (GLOBE NEWSWIRE) -- —(January 10, 2025) Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company” or “Plymouth”) provided an activity update for the fourth quarter of 2024. The ...

3 months ago - GlobeNewsWire

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 signifi...

Other symbols: IIPR
3 months ago - Seeking Alpha

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

4 months ago - GlobeNewsWire

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 $0.2...

4 months ago - GlobeNewsWire

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 AFF...

4 months ago - Seeking Alpha

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 p...

Other symbols: CSIQGMEIOT
5 months ago - Seeking Alpha

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 vu...

5 months ago - Seeking Alpha

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 i...

5 months ago - GlobeNewsWire

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.

Other symbols: CCICPTEGPEQIXMAAOPLD
5 months ago - Seeking Alpha

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 Exec...

5 months ago - Seeking Alpha

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 re...

5 months ago - GlobeNewsWire