This company has been acquired
Plymouth Industrial REIT (PLYM) Stock Overview
Plymouth Industrial REIT, Inc., is structured as an umbrella partnership REIT, commonly called an UPREIT, and owns substantially all its assets and conducts substantially all of its business through its operating partnership, Plymouth Industrial Operating Partnership, L.P., a Delaware limited partnership (the Operating Partnership). More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 0/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
PLYM Community Fair Values
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Analyst Price Targets
Plymouth Industrial REIT, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$21.98 |
| 52 Week High | US$22.74 |
| 52 Week Low | US$12.70 |
| Beta | 1.25 |
| 1 Month Change | 0.37% |
| 3 Month Change | 0.14% |
| 1 Year Change | 32.17% |
| 3 Year Change | -0.77% |
| 5 Year Change | 44.42% |
| Change since IPO | 19.52% |
Recent News & Updates
PLYM: Shares Will Track US$22 Cash Deal With Balanced Risk Profile
Narrative Update The analyst price target for Plymouth Industrial REIT is now framed around the agreed US$22 per share cash acquisition price, a modest step down from prior US$24 references. Analysts are factoring in the announced deal terms and the lower offer relative to the earlier US$24.10 bid.PLYM: Shares Will Reflect US$22 Cash Deal With Limited Upside Potential
Analysts maintained the fair value estimate for Plymouth Industrial REIT at $21.00 and made modest adjustments to their assumptions. Recent research has aligned price targets around the agreed $22.00 per share cash acquisition and the earlier $24.00 target, which some still reference as a potential upside marker.PLYM: Shares Will Track Cash Buyout Price With Balanced Risk Profile
The analyst price target for Plymouth Industrial REIT has been revised lower to $22.00 per share. This aligns with the pending cash acquisition price as analysts see limited upside and a more balanced risk and reward profile following the recent buyout developments.Recent updates
PLYM: Shares Will Track US$22 Cash Deal With Balanced Risk Profile
Narrative Update The analyst price target for Plymouth Industrial REIT is now framed around the agreed US$22 per share cash acquisition price, a modest step down from prior US$24 references. Analysts are factoring in the announced deal terms and the lower offer relative to the earlier US$24.10 bid.PLYM: Shares Will Reflect US$22 Cash Deal With Limited Upside Potential
Analysts maintained the fair value estimate for Plymouth Industrial REIT at $21.00 and made modest adjustments to their assumptions. Recent research has aligned price targets around the agreed $22.00 per share cash acquisition and the earlier $24.00 target, which some still reference as a potential upside marker.PLYM: Shares Will Track Cash Buyout Price With Balanced Risk Profile
The analyst price target for Plymouth Industrial REIT has been revised lower to $22.00 per share. This aligns with the pending cash acquisition price as analysts see limited upside and a more balanced risk and reward profile following the recent buyout developments.PLYM Will Trade Within New Buyout Range Amid Balanced Risk Profile
Plymouth Industrial REIT's analyst price target has been increased from $17.00 to $21.00 per share, as analysts factor in updated acquisition expectations and stronger modeled revenue growth and margins, despite a slightly higher discount rate and future valuation multiple. Analyst Commentary Recent Street research reflects a more cautious stance toward Plymouth Industrial REIT, with bearish analysts trimming upside expectations following the announced sale process and competing bids.Plymouth Industrial REIT: M&A Saga Nears Its End
Summary Plymouth Industrial REIT (PLYM) is set to be acquired by Ares Capital and Makarora Management for $22 per share in an all-cash deal. With the go-shop period over and Sixth Street withdrawing its interest, no higher bids are expected, making the $22 offer final. PLYM's recent financials show mixed results, with declining revenue and AFFO, justifying the current acquisition valuation amid sector headwinds. With shares trading at the deal price and no further upside likely, I recommend selling PLYM and reallocating to better opportunities. Read the full article on Seeking Alpha
Robust Leasing And Logistics Demand Will Boost Value Amid Risks
Plymouth Industrial REIT’s consensus price target has been raised to $22.00, reflecting sector rerating, acquisition interest led by Sixth Street’s premium bid, and improved valuation certainty, driving a notable upward revision in perceived fair value. Analyst Commentary Raised price targets reflect a revaluation of the U.S. industrial REIT sector.Robust Leasing And Logistics Demand Will Boost Value Amid Risks
Plymouth Industrial REIT’s price target was raised to $20.62 as analysts view Sixth Street’s 45.2% premium offer and the 7.5% implied cap rate as fair and roughly in line with sector norms, reflecting balanced risk/reward at a modest premium to NAV. Analyst Commentary Bullish analysts note Sixth Street’s offer represents a significant 45.2% premium to Plymouth’s volume-weighted average price (VWAP).Robust Leasing And Logistics Demand Will Boost Value Amid Risks
The consensus price target for Plymouth Industrial REIT has been raised to $19.62, reflecting the premium and perceived fairness of Sixth Street’s acquisition offer at a 7.5% cap rate and limited likelihood of a competing bid. Analyst Commentary Price target increase reflects Sixth Street's acquisition offer at a 7.5% implied cap rate, viewed as fair relative to historical valuation.Plymouth Industrial: High Yield And Value In Plain Sight
Summary 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 the high-demand "Golden Triangle" region, showing robust leasing activity and growing occupancy rates. It's substantially reduced its long-term debt over the past 2 years and carries a safe leverage ratio. PLYM's dividend is well-covered with a conservative payout ratio, and the stock is poised for potential market-beating total returns at the current low valuation. Read the full article on Seeking AlphaPlymouth Industrial: Too Risky To Own
Summary 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. Read the full article on Seeking Alpha
Memphis Acquisition Spurs Growth Amid Shrinking Margins And Analysts' Mixed Forecasts
Strategic acquisitions and market expansion in Memphis enhance future revenue growth and offer higher return opportunities through mark-to-market lease adjustments.Plymouth Industrial: Buy High Quality At A Substantial Discount
Summary Individual stock investing can be highly rewarding, so long as one is willing to do the legwork of finding quality stocks at a discount. Plymouth Industrial is an under-the-radar REIT with strong fundamentals, including rent growth and high occupancy. PLYM offers a well-covered dividend, growth potential, and favorable valuation compared to peers. Read the full article on Seeking AlphaPlymouth Industrial: An Interesting Industrial REIT
Summary Plymouth Industrial REIT, Inc. is a smaller industrial and logistics REIT which shows rapid growth, financed by shareholder dilution. The company owns 156 properties in the Golden Triangle, occupied at 97%, mostly with triple net leases. While growth is impressive, per share value creation has been modest, making me a bit reserved here about Plymouth Industrial REIT, Inc. Read the full article on Seeking AlphaPlymouth Industrial: Good Time To Accumulate This Undervalued REIT
Summary Plymouth Industrial REIT is an under-followed value stock with strong fundamentals and improving balance sheet. PLYM focuses on the acquisition, development, and management of industrial properties in the "Golden Triangle" region of the US. PLYM has demonstrated consistent results, with strong leasing spreads and occupancy rates, and is expected to continue growing its cash NOI and FFO/share. Read the full article on Seeking AlphaShareholder Returns
| PLYM | US Industrial REITs | US Market | |
|---|---|---|---|
| 7D | 0.1% | 1.2% | -0.9% |
| 1Y | 32.2% | 23.8% | 19.4% |
Return vs Industry: PLYM exceeded the US Industrial REITs industry which returned -0.3% over the past year.
Return vs Market: PLYM exceeded the US Market which returned 14.2% over the past year.
Price Volatility
| PLYM volatility | |
|---|---|
| PLYM Average Weekly Movement | 1.3% |
| Industrial REITs Industry Average Movement | 3.3% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: PLYM has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: PLYM's weekly volatility has decreased from 7% to 1% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | 46 | n/a | www.plymouthreit.com |
Plymouth Industrial REIT, Inc., is structured as an umbrella partnership REIT, commonly called an UPREIT, and owns substantially all its assets and conducts substantially all of its business through its operating partnership, Plymouth Industrial Operating Partnership, L.P., a Delaware limited partnership (the Operating Partnership). The Company, as general partner of the Operating Partnership, controls the Operating Partnership and consolidates the assets, liabilities, and results of operations of the Operating Partnership. As of September 30, 2025, and December 31, 2024, the Company owned a 98.9% equity interest in the Operating Partnership.
Plymouth Industrial REIT, Inc. Fundamentals Summary
| PLYM fundamental statistics | |
|---|---|
| Market cap | US$990.01m |
| Earnings (TTM) | US$91.31m |
| Revenue (TTM) | US$163.68m |
Is PLYM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PLYM income statement (TTM) | |
|---|---|
| Revenue | US$163.68m |
| Cost of Revenue | US$58.08m |
| Gross Profit | US$105.60m |
| Other Expenses | US$14.29m |
| Earnings | US$91.31m |
Last Reported Earnings
Sep 30, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.05 |
| Gross Margin | 64.51% |
| Net Profit Margin | 55.79% |
| Debt/Equity Ratio | 152.6% |
How did PLYM perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/28 18:02 |
| End of Day Share Price | 2026/01/27 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Plymouth Industrial REIT, Inc. is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Connor Siversky | Berenberg |
| Nathan Crossett | BNP Paribas |
| Mitchell Germain | Citizens JMP Securities, LLC |