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PLYM logoPlymouth Industrial REIT, Inc.(PLYM)Earnings, Financials & Key Ratios

PLYM•NYSE•REIT / Real Estate
$21.98
$979M mkt cap·7.1× P/E·Price updated Apr 24, 2026
SectorReal EstateIndustryIndustrial REITsSub-IndustryIndustrial Logistics Warehouse REITs
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/Share4.97+103.5%
  • FFO Payout19.46%-50.5%
  • FFO per Share4.97+103.5%
  • NOI Margin68.89%+0.3%
  • FFO Margin112.86%+111.7%
  • ROE25.92%+859.5%
  • ROA9.92%+975.6%
  • Debt/Assets47.21%-22.0%
  • Net Debt/EBITDA5.21-25.7%
  • Book Value/Share13.03+16.5%
Technical→

PLYM Key Insights

Plymouth Industrial REIT, Inc. (PLYM) fundamental analysis — strengths, weaknesses & financial health based on 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.

PLYM Price & Volume

Plymouth Industrial REIT, Inc. (PLYM) stock price & volume — 10-year historical chart

Loading chart...

PLYM Growth Metrics

Plymouth Industrial REIT, Inc. (PLYM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years53.88%
5 Years21.38%
3 Years12.15%
TTM-4.99%

Profit CAGR

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

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM9900%

Return on Capital

10 Years0.91%
5 Years1.55%
3 Years2.05%
Last Year2.76%

PLYM Recent Earnings

Plymouth Industrial REIT, Inc. (PLYM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 5/12 qtrs (45%)
Q1 2026Latest
Feb 25, 2026
EPS
$0.46
Est $0.11
+511.5%
Revenue
—
Est $51M
Q4 2025
Nov 10, 2025
EPS
$0.48
Est $0.47
+2.1%
Revenue
$51M
Est $51M
+1.0%
Q3 2025
Aug 6, 2025
EPS
$0.46
Est $0.43
+7.0%
Revenue
$47M
Est $50M
-4.9%
Q2 2025
May 1, 2025
EPS
$0.44
Est $0.45
-2.2%
Revenue
$46M
Est $48M
-4.4%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 25, 2026
$0.46vs $0.11+511.5%
—vs $51M
Q4 2025Nov 10, 2025
$0.48vs $0.47+2.1%
$51Mvs $51M+1.0%
Q3 2025Aug 6, 2025
$0.46vs $0.43+7.0%
$47Mvs $50M-4.9%
Q2 2025May 1, 2025
$0.44vs $0.45-2.2%
$46Mvs $48M-4.4%
Based on last 12 quarters of dataView full earnings history →

PLYM Peer Comparison

Plymouth Industrial REIT, Inc. (PLYM) competitors in Industrial Logistics Warehouse REITs — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
STAG logoSTAGSTAG Industrial, Inc.Direct Competitor7.37B38.5526.4010.14%28.26%6.8%0.90
EGP logoEGPEastGroup Properties, Inc.Direct Competitor10.91B202.9341.6712.97%39.7%8.37%0.50
ILPT logoILPTIndustrial Logistics Properties TrustDirect Competitor523.99M7.86-7.861.48%-11.93%-5.93%4.69
TRNO logoTRNOTerreno Realty CorporationDirect Competitor7.02B66.0916.8624.51%86.52%10.36%0.23
REXR logoREXRRexford Industrial Realty, Inc.Direct Competitor8.6B36.2342.137.13%21.29%2.34%0.40
FR logoFRFirst Industrial Realty Trust, Inc.Direct Competitor8.29B62.5233.438.58%45.99%12.35%0.93
PLD logoPLDPrologis, Inc.Product Competitor132.71B142.9035.642.22%36.7%5.61%0.54
LXP logoLXPLXP Industrial TrustProduct Competitor3.08B52.2528.71-2.3%27.02%4.57%0.67

Compare PLYM vs Peers

Plymouth Industrial REIT, Inc. (PLYM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs STAG

Most directly comparable listed peer for PLYM.

Scale Benchmark

vs PLD

Larger-name benchmark to compare PLYM against a more recognizable public peer.

Peer Set

Compare Top 5

vs STAG, EGP, ILPT, TRNO

PLYM Income Statement

Plymouth Industrial REIT, Inc. (PLYM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Revenue19.66M24.82M49.22M75.29M109.85M140.62M183.54M199.85M198.35M191.51M
Revenue Growth %1.91%26.25%98.31%52.98%45.9%28.01%30.52%8.89%-0.75%-4.99%
Property Operating Expenses5.93M8.21M17.45M27.24M38.16M47.64M56.6M62.54M61.72M58.08M
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 Expenses15.42M19.19M32.82M7.48M66.79M83.56M111.25M107.8M100.49M100.36M
G&A Expenses3.74M5.19M6.03M7.48M10.36M12.92M15.94M14.9M14.76M16.77M
EBITDA19.89M24.82M49.22M76.47M109.95M80.06M111M122.4M120.67M116.07M
EBITDA Margin %101.17%100%100%101.56%100.09%56.94%60.48%61.25%60.83%60.61%
Depreciation & Amortization21.34M27.5M50.27M35.89M105.05M70.64M95.31M92.89M84.53M83M
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 Expense40.68M11.58M014.95M17.46M19.97M32.22M36.09M37.15M4M
Interest Coverage-0.04x-0.23x-2.71x0.28x0.47x0.49x0.82x0.97x-
Non-Operating Income-2.73M637K5.87M37.38M900K4.72M563K-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 Tax000018.87M0002.49M2.16M
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-4.315.156.543.003.901.801.972.444.973.98
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)-10.20-2.39-3.88-2.98-1.81-1.10-0.430.203.10-
Diluted Shares Outstanding3.63M3.65M4.82M8.5M18.38M30.91M39.78M43.63M45.05M44.15M

PLYM Balance Sheet

Plymouth Industrial REIT, Inc. (PLYM) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Assets145.75M329.95M470.16M685.48M920.27M1.27B1.52B1.44B1.37B1.57B
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 Assets1.95M4.78M5.93M11.98M815.42M33.92M1.42B1.36B1.22B1.44B
PP&E (Net)123.06M278.39M411.33M594.01M01.11B04.83M00
Investment Securities-1000K-1000K-1000K01000K1000K001000K1000K
Total Current Assets10.2M19.16M14.96M22.4M32.05M43.37M31.21M26.2M43.63M41.97M
Cash & Equivalents941K19.16M14.96M10.46M15.67M26.23M11M14.49M17.55M15.82M
Receivables0000000000
Other Current Assets9.26M6.25M9.57M11.93M16.39M17.14M20.21M11.71M26.08M26.15M
Intangible Assets10.53M27.62M37.94M57.09M66.12M75.86M70.72M51.47M41.68M52.57M
Total Liabilities183.32M269.81M346.24M442.06M581.05M767.29M998.09M953.66M781.3M1.02B
Total Debt145.31M245.63M317.18M399.6M520.37M690.14M916.62M872.55M646.02M846.23M
Net Debt144.37M226.47M302.22M389.13M504.7M663.91M905.62M858.05M628.47M830.4M
Long-Term Debt145.31M245.36M317.18M397.46M428.16M687.91M836.88M847.24M623.72M622.02M
Short-Term Borrowings000090M077.5M19.57M20M221.9M
Capital Lease Obligations1.41M6.81M7.07M2.14M2.21M2.23M2.25M2.27M2.3M9.2M
Total Current Liabilities5.56M17.37M22M34.06M139.34M60.81M150.05M88.72M103.83M312.37M
Accounts Payable5.35M16.02M22M33.61M49.34M60.81M72.55M67.71M83.83M90.47M
Deferred Revenue-31.04M-20.84M346.24M0000000
Other Liabilities264K535K-28.19M8.85M11.35M16.34M8.92M15.43M51.45M80.8M
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-98.03M53.03M109.45M236.66M334.45M498.68M517.84M483.02M579.55M470.06M
Minority Interest60.45M7.12M14.47M6.77M4.77M4.83M5.39M5.22M7.57M82.91M
Common Stock3K39K49K141K253K361K428K452K454K446K
Additional Paid-in Capital12.48M123.27M126.33M256.26M360.75M532.67M635.07M644.94M604.84M559.45M
Retained Earnings-110.51M-119.21M-137.98M-148.4M-162.25M-177.26M-194.24M-182.61M-43.26M-97.87M
Preferred Stock048.93M121.06M128.66M135.69M142.91M46.84M000
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 / Assets99.7%74.44%67.46%58.29%56.55%54.31%60.25%60.51%47.21%53.88%
Debt / Equity-4.08x2.56x1.64x1.53x1.37x1.75x1.79x1.10x1.10x
Net Debt / EBITDA7.26x9.13x6.14x5.09x4.59x8.29x8.16x7.01x5.21x5.21x
Book Value per Share-10.3616.5025.7028.6318.4516.2913.1511.1913.0312.52

PLYM Cash Flow Statement

Plymouth Industrial REIT, Inc. (PLYM) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations220K7.58M14.87M27.72M41.74M57.94M72.23M81.87M96.07M96.07M
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-17.1M13.81M142.37M92.81M
Depreciation & Amortization11.32M13.57M25.48M35.89M54.35M68.55M92.16M90.67M84.53M82.7M
Stock-Based Compensation0435K805K1.21M1.44M1.56M2.6M2.97M4.2M3.54M
Other Non-Cash Items30.33M2.21M1.14M-85K-496K-2.1M-956K-22.33M-143.45M-101.62M
Working Capital Changes-2.14M5.6M4.27M2.64M478K478K-4.48M-3.24M8.43M16.26M
Cash from Investing-1.63M-173.89M-141.92M-200.47M-259.12M-356.08M-252.36M-79K87.46M-111.49M
Acquisitions (Net)5.58M231K00-6.7M356.08M00-4.46M0
Purchase of Investments850K-1.52M-142.63M0-6.7M-337.03M000-541K
Sale of Investments1000K231K1000K01000K1000K0000
Other Investing-13.28M-2.05M-141.92M-200.47M-245.71M-356.08M-252.36M-79K91.92M-104.55M
Cash from Financing1.66M178.28M122.85M180.19M227.03M309.46M167.97M-86.8M-166.11M18.91M
Dividends Paid0-1.75M-11.08M-19.93M-25.71M-31.48M-39.97M-41.93M-43.57M-46.35M
Common Dividends0-1.75M-11.08M-19.93M-25.71M-31.48M-39.97M-41.93M-43.57M-46.35M
Debt Issuance (Net)1000K1000K1000K1000K1000K1000K1000K-1000K-1000K2M
Share Repurchases00-5.05M0-416K-12K00-540K-4.19M
Other Financing-3.9M-22.58M-2.57M-2.23M-2.94M-1.69M-1.83M-83K48.29M-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 Effect0000000000
Cash at Beginning698K941K19.16M14.96M22.4M32.05M43.37M31.21M26.2M37.48M
Cash at End941K12.91M14.96M22.4M32.05M43.37M31.21M26.2M43.63M41.97M
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%

PLYM Key Ratios

Plymouth Industrial REIT, Inc. (PLYM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
FFO per Share-4.315.156.5433.91.81.972.444.973.98
FFO Payout Ratio0%9.34%35.13%78.24%35.85%56.58%50.97%39.36%19.46%26.36%
NOI Margin69.85%66.94%64.55%63.82%65.26%66.12%69.16%68.71%68.89%69.67%
Net Debt / EBITDA7.26x9.13x6.14x5.09x4.59x8.29x8.16x7.01x5.21x5.21x
Debt / Assets99.7%74.44%67.46%58.29%56.55%54.31%60.25%60.51%47.21%53.88%
Interest Coverage-0.04x-0.23x-2.71x0.28x0.47x0.49x0.82x0.97x-
Book Value / Share-10.3616.525.728.6318.4516.2913.1511.1913.0312.52
Revenue Growth1.91%26.25%98.31%52.98%45.9%28.01%30.52%8.89%-0.75%-4.99%

PLYM SEC Filings & Documents

Plymouth Industrial REIT, Inc. (PLYM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jan 27, 2026·SEC

Material company update

Jan 22, 2026·SEC

Material company update

Jan 15, 2026·SEC

10-K Annual Reports

2
FY 2025

Mar 3, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 1, 2025·SEC

PLYM Frequently Asked Questions

Plymouth Industrial REIT, Inc. (PLYM) stock FAQ — growth, dividends, profitability & financials explained

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 4.40%. 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.

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 4.40% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

Explore More PLYM

Plymouth Industrial REIT, Inc. (PLYM) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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