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6Jan 27, 2026·SEC
Jan 22, 2026·SEC
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Plymouth Industrial REIT, Inc. (PLYM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Plymouth Industrial REIT, Inc. (PLYM) stock price & volume — 10-year historical chart
Plymouth Industrial REIT, Inc. (PLYM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Plymouth Industrial REIT, Inc. (PLYM) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $0.46vs $0.11+511.5% | —vs $51M |
| Q4 2025 | Nov 10, 2025 | $0.48vs $0.47+2.1% | $51Mvs $51M+1.0% |
| Q3 2025 | Aug 6, 2025 | $0.46vs $0.43+7.0% | $47Mvs $50M-4.9% |
| Q2 2025 | May 1, 2025 | $0.44vs $0.45-2.2% | $46Mvs $48M-4.4% |
Plymouth Industrial REIT, Inc. (PLYM) competitors in Industrial Logistics Warehouse REITs — business model, growth, and fundamentals comparison
Plymouth Industrial REIT, Inc. (PLYM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Plymouth Industrial REIT, Inc. (PLYM) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19.66M | 24.82M | 49.22M | 75.29M | 109.85M | 140.62M | 183.54M | 199.85M | 198.35M | 191.51M |
| Revenue Growth % | 1.91% | 26.25% | 98.31% | 52.98% | 45.9% | 28.01% | 30.52% | 8.89% | -0.75% | -4.99% |
| Property Operating Expenses | 5.93M | 8.21M | 17.45M | 27.24M | 38.16M | 47.64M | 56.6M | 62.54M | 61.72M | 58.08M |
| Net Operating Income (NOI) | 13.73M▲ 0% | 16.61M▲ 21.0% | 31.77M▲ 91.2% | 48.05M▲ 51.3% | 71.69M▲ 49.2% | 92.98M▲ 29.7% | 126.94M▲ 36.5% | 137.31M▲ 8.2% | 136.64M▼ 0.5% | 133.42M▲ 0% |
| NOI Margin % | 69.85% | 66.94% | 64.55% | 63.82% | 65.26% | 66.12% | 69.16% | 68.71% | 68.89% | 69.67% |
| Operating Expenses | 15.42M | 19.19M | 32.82M | 7.48M | 66.79M | 83.56M | 111.25M | 107.8M | 100.49M | 100.36M |
| G&A Expenses | 3.74M | 5.19M | 6.03M | 7.48M | 10.36M | 12.92M | 15.94M | 14.9M | 14.76M | 16.77M |
| EBITDA | 19.89M | 24.82M | 49.22M | 76.47M | 109.95M | 80.06M | 111M | 122.4M | 120.67M | 116.07M |
| EBITDA Margin % | 101.17% | 100% | 100% | 101.56% | 100.09% | 56.94% | 60.48% | 61.25% | 60.83% | 60.61% |
| Depreciation & Amortization | 21.34M | 27.5M | 50.27M | 35.89M | 105.05M | 70.64M | 95.31M | 92.89M | 84.53M | 83M |
| D&A / Revenue % | 108.57% | 110.79% | 102.14% | 47.67% | 95.63% | 50.24% | 51.93% | 46.48% | 42.61% | 43.34% |
| Operating Income | -1.46M▲ 0% | -2.68M▼ 84.0% | -1.05M▲ 60.7% | 40.57M▲ 3956.7% | 4.9M▼ 87.9% | 9.42M▲ 92.2% | 15.68M▲ 66.5% | 29.51M▲ 88.2% | 36.14M▲ 22.5% | 33.07M▲ 0% |
| Operating Margin % | -7.4% | -10.79% | -2.14% | 53.89% | 4.46% | 6.7% | 8.55% | 14.77% | 18.22% | 17.27% |
| Interest Expense | 40.68M | 11.58M | 0 | 14.95M | 17.46M | 19.97M | 32.22M | 36.09M | 37.15M | 4M |
| Interest Coverage | -0.04x | -0.23x | - | 2.71x | 0.28x | 0.47x | 0.49x | 0.82x | 0.97x | - |
| Non-Operating Income | -2.73M | 637K | 5.87M | 37.38M | 900K | 4.72M | 563K | -20.39M | -145.86M | -100.4M |
| Pretax Income | -39.29M▲ 0% | -14.03M▲ 64.3% | -21.18M▼ 51.0% | -11.94M▲ 43.6% | -14.46M▼ 21.1% | -15.27M▼ 5.6% | -17.1M▼ 12.0% | 13.81M▲ 180.8% | 144.85M▲ 949.1% | 102.27M▲ 0% |
| Pretax Margin % | -199.86% | -56.52% | -43.02% | -15.86% | -13.17% | -10.86% | -9.31% | 6.91% | 73.03% | 53.4% |
| Income Tax | 0 | 0 | 0 | 0 | 18.87M | 0 | 0 | 0 | 2.49M | 2.16M |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | -130.49% | 0% | 0% | 0% | 1.72% | 2.11% |
| Net Income | -36.99M▲ 0% | -8.71M▲ 76.5% | -18.72M▼ 115.0% | -10.42M▲ 44.3% | -33.33M▼ 219.9% | -15.01M▲ 55.0% | -16.89M▼ 12.5% | 13.66M▲ 180.9% | 139.34M▲ 920.1% | 92.81M▲ 0% |
| Net Margin % | -188.15% | -35.08% | -38.03% | -13.84% | -30.34% | -10.67% | -9.2% | 6.84% | 70.25% | 48.46% |
| Net Income Growth % | 24% | 76.46% | -114.95% | 44.33% | -219.89% | 54.98% | -12.51% | 180.9% | 920.09% | 7588.9% |
| Funds From Operations (FFO) | -15.64M▲ 0% | 18.79M▲ 220.1% | 31.55M▲ 67.9% | 25.47M▼ 19.3% | 71.72M▲ 181.5% | 55.63M▼ 22.4% | 78.43M▲ 41.0% | 106.55M▲ 35.9% | 223.87M▲ 110.1% | 175.81M▲ 0% |
| FFO Margin % | -79.58% | 75.7% | 64.11% | 33.83% | 65.29% | 39.56% | 42.73% | 53.32% | 112.86% | 91.8% |
| FFO Growth % | 57.58% | 220.1% | 67.94% | -19.27% | 181.55% | -22.43% | 40.97% | 35.86% | 110.11% | -325.37% |
| FFO per Share | -4.31 | 5.15 | 6.54 | 3.00 | 3.90 | 1.80 | 1.97 | 2.44 | 4.97 | 3.98 |
| FFO Payout Ratio % | 0% | 9.34% | 35.13% | 78.24% | 35.85% | 56.58% | 50.97% | 39.36% | 19.46% | 26.36% |
| EPS (Diluted) | -10.20▲ 0% | -2.39▲ 76.6% | -3.88▼ 62.3% | -2.98▲ 23.2% | -1.81▲ 39.3% | -1.10▲ 39.2% | -0.43▲ 60.9% | 0.20▲ 146.5% | 3.09▲ 1445.0% | 2.10▲ 0% |
| EPS Growth % | 23.99% | 76.57% | -62.34% | 23.2% | 39.26% | 39.23% | 60.91% | 146.51% | 1445% | 9900% |
| EPS (Basic) | -10.20 | -2.39 | -3.88 | -2.98 | -1.81 | -1.10 | -0.43 | 0.20 | 3.10 | - |
| Diluted Shares Outstanding | 3.63M | 3.65M | 4.82M | 8.5M | 18.38M | 30.91M | 39.78M | 43.63M | 45.05M | 44.15M |
Plymouth Industrial REIT, Inc. (PLYM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 145.75M | 329.95M | 470.16M | 685.48M | 920.27M | 1.27B | 1.52B | 1.44B | 1.37B | 1.57B |
| Asset Growth % | -2.87% | 126.39% | 42.49% | 45.8% | 34.25% | 38.09% | 19.71% | -5.22% | -5.1% | 9.23% |
| Real Estate & Other Assets | 1.95M | 4.78M | 5.93M | 11.98M | 815.42M | 33.92M | 1.42B | 1.36B | 1.22B | 1.44B |
| PP&E (Net) | 123.06M | 278.39M | 411.33M | 594.01M | 0 | 1.11B | 0 | 4.83M | 0 | 0 |
| Investment Securities | -1000K | -1000K | -1000K | 0 | 1000K | 1000K | 0 | 0 | 1000K | 1000K |
| Total Current Assets | 10.2M | 19.16M | 14.96M | 22.4M | 32.05M | 43.37M | 31.21M | 26.2M | 43.63M | 41.97M |
| Cash & Equivalents | 941K | 19.16M | 14.96M | 10.46M | 15.67M | 26.23M | 11M | 14.49M | 17.55M | 15.82M |
| Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 9.26M | 6.25M | 9.57M | 11.93M | 16.39M | 17.14M | 20.21M | 11.71M | 26.08M | 26.15M |
| Intangible Assets | 10.53M | 27.62M | 37.94M | 57.09M | 66.12M | 75.86M | 70.72M | 51.47M | 41.68M | 52.57M |
| Total Liabilities | 183.32M | 269.81M | 346.24M | 442.06M | 581.05M | 767.29M | 998.09M | 953.66M | 781.3M | 1.02B |
| Total Debt | 145.31M | 245.63M | 317.18M | 399.6M | 520.37M | 690.14M | 916.62M | 872.55M | 646.02M | 846.23M |
| Net Debt | 144.37M | 226.47M | 302.22M | 389.13M | 504.7M | 663.91M | 905.62M | 858.05M | 628.47M | 830.4M |
| Long-Term Debt | 145.31M | 245.36M | 317.18M | 397.46M | 428.16M | 687.91M | 836.88M | 847.24M | 623.72M | 622.02M |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 90M | 0 | 77.5M | 19.57M | 20M | 221.9M |
| Capital Lease Obligations | 1.41M | 6.81M | 7.07M | 2.14M | 2.21M | 2.23M | 2.25M | 2.27M | 2.3M | 9.2M |
| Total Current Liabilities | 5.56M | 17.37M | 22M | 34.06M | 139.34M | 60.81M | 150.05M | 88.72M | 103.83M | 312.37M |
| Accounts Payable | 5.35M | 16.02M | 22M | 33.61M | 49.34M | 60.81M | 72.55M | 67.71M | 83.83M | 90.47M |
| Deferred Revenue | -31.04M | -20.84M | 346.24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 264K | 535K | -28.19M | 8.85M | 11.35M | 16.34M | 8.92M | 15.43M | 51.45M | 80.8M |
| Total Equity | -37.58M▲ 0% | 60.14M▲ 260.1% | 123.92M▲ 106.0% | 243.43M▲ 96.4% | 339.22M▲ 39.4% | 503.51M▲ 48.4% | 523.23M▲ 3.9% | 488.24M▼ 6.7% | 587.12M▲ 20.3% | 552.98M▲ 0% |
| Equity Growth % | 38.44% | 260.05% | 106.05% | 96.44% | 39.35% | 48.43% | 3.92% | -6.69% | 20.25% | 93.05% |
| Shareholders Equity | -98.03M | 53.03M | 109.45M | 236.66M | 334.45M | 498.68M | 517.84M | 483.02M | 579.55M | 470.06M |
| Minority Interest | 60.45M | 7.12M | 14.47M | 6.77M | 4.77M | 4.83M | 5.39M | 5.22M | 7.57M | 82.91M |
| Common Stock | 3K | 39K | 49K | 141K | 253K | 361K | 428K | 452K | 454K | 446K |
| Additional Paid-in Capital | 12.48M | 123.27M | 126.33M | 256.26M | 360.75M | 532.67M | 635.07M | 644.94M | 604.84M | 559.45M |
| Retained Earnings | -110.51M | -119.21M | -137.98M | -148.4M | -162.25M | -177.26M | -194.24M | -182.61M | -43.26M | -97.87M |
| Preferred Stock | 0 | 48.93M | 121.06M | 128.66M | 135.69M | 142.91M | 46.84M | 0 | 0 | 0 |
| Return on Assets (ROA) | -25.01% | -3.66% | -4.68% | -1.8% | -4.15% | -1.37% | -1.21% | 0.92% | 9.92% | 5.91% |
| Return on Equity (ROE) | - | -77.17% | -20.34% | -5.67% | -11.44% | -3.56% | -3.29% | 2.7% | 25.92% | 16.78% |
| Debt / Assets | 99.7% | 74.44% | 67.46% | 58.29% | 56.55% | 54.31% | 60.25% | 60.51% | 47.21% | 53.88% |
| Debt / Equity | - | 4.08x | 2.56x | 1.64x | 1.53x | 1.37x | 1.75x | 1.79x | 1.10x | 1.10x |
| Net Debt / EBITDA | 7.26x | 9.13x | 6.14x | 5.09x | 4.59x | 8.29x | 8.16x | 7.01x | 5.21x | 5.21x |
| Book Value per Share | -10.36 | 16.50 | 25.70 | 28.63 | 18.45 | 16.29 | 13.15 | 11.19 | 13.03 | 12.52 |
Plymouth Industrial REIT, Inc. (PLYM) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 220K | 7.58M | 14.87M | 27.72M | 41.74M | 57.94M | 72.23M | 81.87M | 96.07M | 96.07M |
| Operating CF Growth % | 105.06% | 3345.91% | 96.11% | 86.43% | 50.61% | 38.8% | 24.66% | 13.35% | 17.34% | 151.2% |
| Operating CF / Revenue % | 1.12% | 30.55% | 30.21% | 36.81% | 38% | 41.2% | 39.35% | 40.97% | 48.43% | 50.17% |
| Net Income | -39.29M | -14.03M | -21.18M | -11.94M | -14.46M | -15.27M | -17.1M | 13.81M | 142.37M | 92.81M |
| Depreciation & Amortization | 11.32M | 13.57M | 25.48M | 35.89M | 54.35M | 68.55M | 92.16M | 90.67M | 84.53M | 82.7M |
| Stock-Based Compensation | 0 | 435K | 805K | 1.21M | 1.44M | 1.56M | 2.6M | 2.97M | 4.2M | 3.54M |
| Other Non-Cash Items | 30.33M | 2.21M | 1.14M | -85K | -496K | -2.1M | -956K | -22.33M | -143.45M | -101.62M |
| Working Capital Changes | -2.14M | 5.6M | 4.27M | 2.64M | 478K | 478K | -4.48M | -3.24M | 8.43M | 16.26M |
| Cash from Investing | -1.63M | -173.89M | -141.92M | -200.47M | -259.12M | -356.08M | -252.36M | -79K | 87.46M | -111.49M |
| Acquisitions (Net) | 5.58M | 231K | 0 | 0 | -6.7M | 356.08M | 0 | 0 | -4.46M | 0 |
| Purchase of Investments | 850K | -1.52M | -142.63M | 0 | -6.7M | -337.03M | 0 | 0 | 0 | -541K |
| Sale of Investments | 1000K | 231K | 1000K | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 |
| Other Investing | -13.28M | -2.05M | -141.92M | -200.47M | -245.71M | -356.08M | -252.36M | -79K | 91.92M | -104.55M |
| Cash from Financing | 1.66M | 178.28M | 122.85M | 180.19M | 227.03M | 309.46M | 167.97M | -86.8M | -166.11M | 18.91M |
| Dividends Paid | 0 | -1.75M | -11.08M | -19.93M | -25.71M | -31.48M | -39.97M | -41.93M | -43.57M | -46.35M |
| Common Dividends | 0 | -1.75M | -11.08M | -19.93M | -25.71M | -31.48M | -39.97M | -41.93M | -43.57M | -46.35M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 2M |
| Share Repurchases | 0 | 0 | -5.05M | 0 | -416K | -12K | 0 | 0 | -540K | -4.19M |
| Other Financing | -3.9M | -22.58M | -2.57M | -2.23M | -2.94M | -1.69M | -1.83M | -83K | 48.29M | -8.44M |
| Net Change in Cash | 243K▲ 0% | 11.97M▲ 4827.6% | -4.2M▼ 135.1% | 7.44M▲ 277.0% | 9.66M▲ 29.8% | 11.32M▲ 17.2% | -12.16M▼ 207.4% | -5.01M▲ 58.8% | 17.42M▲ 447.8% | 8.42M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 698K | 941K | 19.16M | 14.96M | 22.4M | 32.05M | 43.37M | 31.21M | 26.2M | 37.48M |
| Cash at End | 941K | 12.91M | 14.96M | 22.4M | 32.05M | 43.37M | 31.21M | 26.2M | 43.63M | 41.97M |
| Free Cash Flow | -630K▲ 0% | -163.21M▼ 25805.9% | 11.02M▲ 106.8% | 27.72M▲ 151.6% | 35.68M▲ 28.7% | 32.63M▼ 8.5% | 72.23M▲ 121.3% | 81.87M▲ 13.4% | 96.07M▲ 17.3% | 94.6M▲ 0% |
| FCF Growth % | 86.83% | -25805.87% | 106.75% | 151.58% | 28.74% | -8.55% | 121.34% | 13.35% | 17.34% | 30.2% |
| FCF / Revenue % | -3.2% | -657.62% | 22.38% | 36.81% | 32.48% | 23.21% | 39.35% | 40.97% | 48.43% | 49.4% |
Plymouth Industrial REIT, Inc. (PLYM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | -4.31 | 5.15 | 6.54 | 3 | 3.9 | 1.8 | 1.97 | 2.44 | 4.97 | 3.98 |
| FFO Payout Ratio | 0% | 9.34% | 35.13% | 78.24% | 35.85% | 56.58% | 50.97% | 39.36% | 19.46% | 26.36% |
| NOI Margin | 69.85% | 66.94% | 64.55% | 63.82% | 65.26% | 66.12% | 69.16% | 68.71% | 68.89% | 69.67% |
| Net Debt / EBITDA | 7.26x | 9.13x | 6.14x | 5.09x | 4.59x | 8.29x | 8.16x | 7.01x | 5.21x | 5.21x |
| Debt / Assets | 99.7% | 74.44% | 67.46% | 58.29% | 56.55% | 54.31% | 60.25% | 60.51% | 47.21% | 53.88% |
| Interest Coverage | -0.04x | -0.23x | - | 2.71x | 0.28x | 0.47x | 0.49x | 0.82x | 0.97x | - |
| Book Value / Share | -10.36 | 16.5 | 25.7 | 28.63 | 18.45 | 16.29 | 13.15 | 11.19 | 13.03 | 12.52 |
| Revenue Growth | 1.91% | 26.25% | 98.31% | 52.98% | 45.9% | 28.01% | 30.52% | 8.89% | -0.75% | -4.99% |
Plymouth Industrial REIT, Inc. (PLYM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jan 27, 2026·SEC
Jan 22, 2026·SEC
Jan 15, 2026·SEC
Plymouth Industrial REIT, Inc. (PLYM) stock FAQ — growth, dividends, profitability & financials explained
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).
Yes, Plymouth Industrial REIT, Inc. (PLYM) pays a dividend with a yield of 4.40%. 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.
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 4.40% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Plymouth Industrial REIT, Inc. (PLYM) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates