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Plymouth Industrial REIT, Inc. (PLYM) 10-Year Financial Performance & Capital Metrics

PLYM • • REIT / Real Estate
Real EstateIndustrial REITsIndustrial & Logistics REITsRegional Industrial Specialists
AboutPlymouth 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.Show more
  • Revenue $198M -0.7%
  • FFO $224M +110.1%
  • FFO/Share 4.97 +103.5%
  • FFO Payout 19.46% -50.5%
  • FFO per Share 4.97 +103.5%
  • NOI Margin 68.89% +0.3%
  • FFO Margin 112.86% +111.7%
  • ROE 25.92% +859.5%
  • ROA 9.92% +975.6%
  • Debt/Assets 47.21% -22.0%
  • Net Debt/EBITDA 5.21 -25.7%
  • Book Value/Share 13.03 +16.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓FFO growing 101.1% TTM
  • ✓Sustainable FFO payout ratio of 19.5%
  • ✓High NOI margin of 68.9%
  • ✓Healthy dividend yield of 4.4%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y53.88%
5Y21.38%
3Y12.15%
TTM-4.99%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM7588.9%

EPS CAGR

10Y-
5Y-
3Y-
TTM9900%

ROCE

10Y Avg0.91%
5Y Avg1.55%
3Y Avg2.05%
Latest2.76%

Peer Comparison

Regional Industrial Specialists
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
EGPEastGroup Properties, Inc.9.95B186.4640.0112.73%35.67%7.08%3.59%0.47
REXRRexford Industrial Realty, Inc.9.55B41.0334.1917.37%33.44%3.69%1.1%0.38
TRNOTerreno Realty Corporation6.31B61.3031.9318.24%72.5%8.03%2.95%0.22
PLYMPlymouth Industrial REIT, Inc.974.33M21.877.08-0.75%48.46%16.78%9.86%1.10
NHPAPNational Healthcare Properties, Inc.18.99-2.642.27%-22.97%-12.27%1.67
LPALogistic Properties of the Americas97.07M3.07-3.2711.22%14.07%2.17%2.73%1.03

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+19.29M19.66M24.82M49.22M75.29M109.85M140.62M183.54M199.85M198.35M
Revenue Growth %6.24%0.02%0.26%0.98%0.53%0.46%0.28%0.31%0.09%-0.01%
Property Operating Expenses5.75M5.93M8.21M17.45M27.24M38.16M47.64M56.6M62.54M61.72M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+16.82M15.42M19.19M32.82M7.48M66.79M83.56M111.25M107.8M100.49M
G&A Expenses4.69M3.74M5.19M6.03M7.48M10.36M12.92M15.94M14.9M14.76M
EBITDA+6.42M19.89M24.82M49.22M76.47M109.95M80.06M111M122.4M120.67M
EBITDA Margin %----------
Depreciation & Amortization+11.79M21.34M27.5M50.27M35.89M105.05M70.64M95.31M92.89M84.53M
D&A / Revenue %----------
Operating Income+-5.37M-1.46M-2.68M-1.05M40.57M4.9M9.42M15.68M29.51M36.14M
Operating Margin %----------
Interest Expense+040.68M11.58M014.95M17.46M19.97M32.22M36.09M37.15M
Interest Coverage--0.04x-0.23x-2.71x0.28x0.47x0.49x0.82x0.97x
Non-Operating Income619K-2.73M637K5.87M37.38M900K4.72M563K-20.39M-145.86M
Pretax Income+-48.66M-39.29M-14.03M-21.18M-11.94M-14.46M-15.27M-17.1M13.81M144.85M
Pretax Margin %----------
Income Tax+44.94M000018.87M0002.49M
Effective Tax Rate %----------
Net Income+-48.66M-36.99M-8.71M-18.72M-10.42M-33.33M-15.01M-16.89M13.66M139.34M
Net Margin %----------
Net Income Growth %-1.64%0.24%0.76%-1.15%0.44%-2.2%0.55%-0.13%1.81%9.2%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %-1.19%0.58%2.2%0.68%-0.19%1.82%-0.22%0.41%0.36%1.1%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+-13.42-10.20-2.39-3.88-2.98-1.81-1.10-0.430.203.09
EPS Growth %-1.64%0.24%0.77%-0.62%0.23%0.39%0.39%0.61%1.47%14.45%
EPS (Basic)-13.42-10.20-2.39-3.88-2.98-1.81-1.10-0.430.203.10
Diluted Shares Outstanding3.63M3.63M3.65M4.82M8.5M18.38M30.91M39.78M43.63M45.05M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+150.05M145.75M329.95M470.16M685.48M920.27M1.27B1.52B1.44B1.37B
Asset Growth %-0.11%-0.03%1.26%0.42%0.46%0.34%0.38%0.2%-0.05%-0.05%
Real Estate & Other Assets+1.12M1.95M4.78M5.93M11.98M815.42M33.92M1.42B1.36B1.22B
PP&E (Net)129.71M123.06M278.39M411.33M594.01M01.11B04.83M0
Investment Securities1000K-1000K-1000K-1000K01000K1000K001000K
Total Current Assets+1.46M10.2M19.16M14.96M22.4M32.05M43.37M31.21M26.2M43.63M
Cash & Equivalents698K941K19.16M14.96M10.46M15.67M26.23M11M14.49M17.55M
Receivables0000000000
Other Current Assets757K9.26M6.25M9.57M11.93M16.39M17.14M20.21M11.71M26.08M
Intangible Assets14.77M10.53M27.62M37.94M57.09M66.12M75.86M70.72M51.47M41.68M
Total Liabilities211.09M183.32M269.81M346.24M442.06M581.05M767.29M998.09M953.66M781.3M
Total Debt+196.8M145.31M245.63M317.18M399.6M520.37M690.14M916.62M872.55M646.02M
Net Debt196.1M144.37M226.47M302.22M389.13M504.7M663.91M905.62M858.05M628.47M
Long-Term Debt196.8M145.31M245.36M317.18M397.46M428.16M687.91M836.88M847.24M623.72M
Short-Term Borrowings000001000K01000K1000K1000K
Capital Lease Obligations01.41M6.81M7.07M2.14M2.21M2.23M2.25M2.27M2.3M
Total Current Liabilities+12.35M5.56M17.37M22M34.06M139.34M60.81M150.05M88.72M103.83M
Accounts Payable4.27M5.35M16.02M22M33.61M49.34M60.81M72.55M67.71M83.83M
Deferred Revenue0-31.04M-20.84M0000000
Other Liabilities1.94M264K535K-28.19M8.85M11.35M16.34M8.92M15.43M51.45M
Total Equity+-61.04M-37.58M60.14M123.92M243.43M339.22M503.51M523.23M488.24M587.12M
Equity Growth %-3.93%0.38%2.6%1.06%0.96%0.39%0.48%0.04%-0.07%0.2%
Shareholders Equity-61.04M-98.03M53.03M109.45M236.66M334.45M498.68M517.84M483.02M579.55M
Minority Interest060.45M7.12M14.47M6.77M4.77M4.83M5.39M5.22M7.57M
Common Stock13K3K39K49K141K253K361K428K452K454K
Additional Paid-in Capital12.48M12.48M123.27M126.33M256.26M360.75M532.67M635.07M644.94M604.84M
Retained Earnings-73.52M-110.51M-119.21M-137.98M-148.4M-162.25M-177.26M-194.24M-182.61M-43.26M
Preferred Stock0048.93M121.06M128.66M135.69M142.91M46.84M00
Return on Assets (ROA)-0.3%-0.25%-0.04%-0.05%-0.02%-0.04%-0.01%-0.01%0.01%0.1%
Return on Equity (ROE)---0.77%-0.2%-0.06%-0.11%-0.04%-0.03%0.03%0.26%
Debt / Assets1.31%1%0.74%0.67%0.58%0.57%0.54%0.6%0.61%0.47%
Debt / Equity--4.08x2.56x1.64x1.53x1.37x1.75x1.79x1.10x
Net Debt / EBITDA30.56x7.26x9.13x6.14x5.09x4.59x8.29x8.16x7.01x5.21x
Book Value per Share-16.83-10.3616.5025.7028.6318.4516.2913.1511.1913.03

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-4.35M220K7.58M14.87M27.72M41.74M57.94M72.23M81.87M96.07M
Operating CF Growth %0.18%1.05%33.46%0.96%0.86%0.51%0.39%0.25%0.13%0.17%
Operating CF / Revenue %----------
Net Income-48.66M-39.29M-14.03M-21.18M-11.94M-14.46M-15.27M-17.1M13.81M142.37M
Depreciation & Amortization11.79M11.32M13.57M25.48M35.89M54.35M68.55M92.16M90.67M84.53M
Stock-Based Compensation00435K805K1.21M1.44M1.56M2.6M2.97M4.2M
Other Non-Cash Items25.34M30.33M2.21M1.14M-85K-496K-2.1M-956K-22.33M-143.45M
Working Capital Changes7.19M-2.14M5.6M4.27M2.64M478K478K-4.48M-3.24M8.43M
Cash from Investing+1.62M-1.63M-173.89M-141.92M-200.47M-259.12M-356.08M-252.36M-79K87.46M
Acquisitions (Net)1.71M5.58M231K00-6.7M356.08M00-4.46M
Purchase of Investments-1.83M850K-1.52M-142.63M0-6.7M-337.03M000
Sale of Investments1000K1000K231K1000K01000K1000K000
Other Investing470K-13.28M-2.05M-141.92M-200.47M-245.71M-356.08M-252.36M-79K91.92M
Cash from Financing+-1.54M1.66M178.28M122.85M180.19M227.03M309.46M167.97M-86.8M-166.11M
Dividends Paid00-1.75M-11.08M-19.93M-25.71M-31.48M-39.97M-41.93M-43.57M
Common Dividends00-1.75M-11.08M-19.93M-25.71M-31.48M-39.97M-41.93M-43.57M
Debt Issuance (Net)01000K1000K1000K1000K1000K1000K1000K-1000K-1000K
Share Repurchases000-5.05M0-416K-12K00-540K
Other Financing-1.54M-3.9M-22.58M-2.57M-2.23M-2.94M-1.69M-1.83M-83K48.29M
Net Change in Cash+-4.28M243K11.97M-4.2M7.44M9.66M11.32M-12.16M-5.01M17.42M
Exchange Rate Effect0000000000
Cash at Beginning4.97M698K941K19.16M14.96M22.4M32.05M43.37M31.21M26.2M
Cash at End698K941K12.91M14.96M22.4M32.05M43.37M31.21M26.2M43.63M
Free Cash Flow+-4.79M-630K-163.21M11.02M27.72M35.68M32.63M72.23M81.87M96.07M
FCF Growth %0.97%0.87%-258.06%1.07%1.52%0.29%-0.09%1.21%0.13%0.17%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share-10.17-4.315.156.5433.91.81.972.444.97
FFO Payout Ratio0%0%9.34%35.13%78.24%35.85%56.58%50.97%39.36%19.46%
NOI Margin70.19%69.85%66.94%64.55%63.82%65.26%66.12%69.16%68.71%68.89%
Net Debt / EBITDA30.56x7.26x9.13x6.14x5.09x4.59x8.29x8.16x7.01x5.21x
Debt / Assets131.16%99.7%74.44%67.46%58.29%56.55%54.31%60.25%60.51%47.21%
Interest Coverage--0.04x-0.23x-2.71x0.28x0.47x0.49x0.82x0.97x
Book Value / Share-16.83-10.3616.525.728.6318.4516.2913.1511.1913.03
Revenue Growth624.1%1.91%26.25%98.31%52.98%45.9%28.01%30.52%8.89%-0.75%

Frequently Asked Questions

Valuation & Price

Plymouth Industrial REIT, Inc. (PLYM) has a price-to-earnings (P/E) ratio of 7.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Plymouth Industrial REIT, Inc. (PLYM) reported $191.5M in revenue for fiscal year 2024.

Plymouth Industrial REIT, Inc. (PLYM) saw revenue decline by 0.7% over the past year.

Yes, Plymouth Industrial REIT, Inc. (PLYM) is profitable, generating $92.8M in net income for fiscal year 2024 (70.2% net margin).

Dividend & Returns

Yes, Plymouth Industrial REIT, Inc. (PLYM) pays a dividend with a yield of 4.42%. This makes it attractive for income-focused investors.

Plymouth Industrial REIT, Inc. (PLYM) has a return on equity (ROE) of 25.9%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Plymouth Industrial REIT, Inc. (PLYM) generated Funds From Operations (FFO) of $175.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Plymouth Industrial REIT, Inc. (PLYM) offers a 4.42% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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