Plymouth Industrial REIT Inc. | REIT Profile

Symbol: PLYM
CIK: 1515816
Exchange: NYSE
Preferred Stock: PLYM-A
Founded: 2011 (11 years)
HQ: Boston, MA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Industrial

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See PLYM on SEC.gov

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About Plymouth Industrial REIT Inc.

Plymouth is a full service real estate investment company structured as a vertically integrated, self-administered and self-managed real estate investment trust focused on the acquisition, ownership and management of single and multi-tenant industrial properties, including distribution centers, warehouses and light industrial properties, primarily located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide current operating income with the opportunity to enhance shareholder value through property re-positioning, capital improvements and restructuring tenant leases.


Plymouth Industrial REIT Inc. Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$19.68 $19.96 $19.51 $19.71 $19.83 $19.83 37,116 -$0.15 -0.76% $789,710,400 N/A $31.71 $17.04 -37.50%

Last update: 2022-08-09 10:44:50 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 7.0

Hightlights of Trading Day August 8, 2022


Open Price: $19.86
Closing Price: $19.83
Price Change: 0.12 (0.609%)
Lowest Price: $19.622
Highest Price: $20.04
52-Week Low: $17.04
52-Week High: $31.71
52-Week Change: -9.13%
5 Day Price Change: 2.34%
1 Month Price Change: 10.17%
3 Month Price Change: -10.79%
6 Month Price Change: -28.12%
YTD Price Change: -37.13%
1 Year Price Change: -9.13%
2 Year Price Change: 54.24%
5 Year Price Change: 62.83%

Dividend of Trading Day August 8, 2022


Dividend Yield: 4.438%*
Annualized Dividend: $0.88*
Dividend Yield (TTM): 4.299%
Annualized Dividend (TTM): $0.8474
Ex-Dividend Date: 2022-06-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Plymouth Industrial REIT Inc.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for PLYM.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q1 FFO $--- $--- ---%
2022 Q1 AFFO $--- $--- ---%
2021 Q4 FFO $--- $--- ---%
2021 Q4 AFFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day August 8, 2022


Total Cash: N/A
Current Debt: N/A
Revenue: N/A
Gross Profit: N/A
Total Revenue: N/A
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: N/A
Revenue Per Employee: N/A
Employee: 34
Debt to Equity Ratio (D/E): N/A
Profit Margin: N/A
Enterprise Value (EV): N/A
Enterprise Value to Revenue (EV/R): N/A
Price to Sales (P/S): N/A
Price to Book (P/B): N/A
Price/Earnings-to-Growth (PEG) Ratio: N/A
P/E Ratio: N/A
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: N/A
Market Capitalization: $795,729,535
Beta: 0.67
Latest Volume: 113,223
Avg. Total Volume: 189,305
Avg. 10-Day Volume: 250,859
Avg. 30-Day Volume: 189,305
TTM EPS: N/A
Shares Outstanding: 40,127,561
Float: N/A
50-Day Moving Avg.: $18.20
200-Day Moving Avg.: $22.74

Latest REIT Community Comments on #PLYM


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Properties Owned by PLYM


PLYM Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $18.55 per share you would have been able to buy 53 shares of PLYM on 2021-08-09 costing $983.15 @ $18.55 per share you would have been able to buy 26 shares of PLYM on 2021-08-09 costing $482.30 @ $18.55 per share you would have been able to buy 13 shares of PLYM on 2021-08-09 costing $241.15 @ $18.55 per share you would have been able to buy 5 shares of PLYM on 2021-08-09 costing $92.75 @ $18.55 per share you would have been able to buy 2 shares of PLYM on 2021-08-09 costing $37.10
Current worth On 2022-08-08 these 53 shares would be worth $1,050.99 @ $19.83 On 2022-08-08 these 26 shares would be worth $515.58 @ $19.83 On 2022-08-08 these 13 shares would be worth $257.79 @ $19.83 On 2022-08-08 these 5 shares would be worth $99.15 @ $19.83 On 2022-08-08 these 2 shares would be worth $39.66 @ $19.83
Dividends earned $45.58 in dividends would have been earned since 2021-08-09 with 53 shares. $22 in dividends would have been earned since 2021-08-09 with 26 shares. $11.18 in dividends would have been earned since 2021-08-09 with 13 shares. $4.30 in dividends would have been earned since 2021-08-09 with 5 shares. $1.72 in dividends would have been earned since 2021-08-09 with 26 shares.
Net (gain / loss)* 113.42 USD 55.64 USD 27.82 USD 10.70 USD 4.28 USD
ROI** 11.54% 11.54% 11.54% 11.54% 11.54%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by PLYM. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
PLYM 2022-06-29 0.220 --- 2022-06-15 2022-06-30 2022-07-29
PLYM 2022-03-30 0.220 4.76% 2022-02-16 2022-03-31 2022-04-29
PLYM 2021-12-30 0.210 --- 2021-12-16 2021-12-31 2022-01-31
PLYM 2021-09-29 0.210 --- 2021-09-15 2021-09-30 2021-10-29
PLYM 2021-06-29 0.210 5.00% 2021-05-06 2021-06-30 2021-07-30
PLYM 2021-03-30 0.200 --- 2021-03-16 2021-03-31 2021-04-30
PLYM 2020-12-30 0.200 --- 2020-12-15 2020-12-31 2021-01-29
PLYM 2020-09-29 0.200 --- 2020-09-15 2020-09-30 2020-10-30
PLYM 2020-06-29 0.200 -46.67% 2020-06-12 2020-06-30 2020-07-31
PLYM 2020-03-30 0.375 --- 2020-03-16 2020-03-31 2020-04-30
PLYM 2019-12-30 0.375 --- 2019-12-13 2019-12-31 2020-01-31
PLYM 2019-09-27 0.375 --- 2019-09-13 2019-09-30 2019-10-31
PLYM 2019-06-27 0.375 --- 2019-06-14 2019-06-28 2019-07-31
PLYM 2019-03-28 0.375 --- 2019-03-14 2019-03-29 2019-04-30
PLYM 2018-12-27 0.375 --- 2018-12-14 2018-12-28 2019-01-31
PLYM 2018-09-27 0.375 --- 2018-09-14 2018-09-28 2018-10-31
PLYM 2018-06-28 0.375 --- 2018-06-14 2018-06-29 2018-07-31
PLYM 2018-03-29 0.375 --- 2018-03-15 2018-03-30 2018-04-30
PLYM 2017-12-28 0.375 --- 2017-12-15 2017-12-29 2018-01-31
PLYM 2017-09-29 0.375 --- 2017-09-14 2017-09-30 2017-10-31

Earnings Press Releases


Below are the Earnings Press Releases for PLYM. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q2 Plymouth Industrial REIT Reports Second Quarter Results
2021 Q4 Plymouth Industrial REIT Reports Fourth Quarter Results

Financial Statements Overview


The next Earnings Report for PLYM is 2022-11-04

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Current Cash 29,246,000 41,738,000 22,398,000 36,801,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 6,806,000 6,995,000 2,104,000 0
Goodwill 0 0 0 0
Intangible Assets 57,328,000 62,253,000 0 45,768,000
Other Assets 13,695,000 15,096,000 69,068,000 11,214,000
Net Tangible Assets 242,196,000 236,637,000 236,658,000 230,650,000
Total Assets 764,647,000 791,269,000 685,481,000 601,846,000
Accounts Payable 0 0 0 0
Liabilities (Other) 42,337,000 42,880,000 42,217,000 39,801,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 81,000,000 81,000,000 5,168,000 0
Long-term Debt 393,998,000 424,041,000 393,978,000 319,448,000
Total Liabilities 517,736,000 548,436,000 442,056,000 359,249,000
Minority Interest -209,000 -245,000 -177,000 -308,000
Common Stock 15,897,644 14,791,437 14,141,355 13,406,302
Retained Earnings -156,106,000 -152,430,000 -148,403,000 -146,072,000
Treasury Stock 0 0 0 0
Capital Surplus 265,774,000 258,404,000 256,259,000 249,827,000
Shareholder Equity 242,196,000 236,637,000 236,658,000 230,650,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Total Revenue 26,336,000 26,432,000 22,668,000 19,287,000
Cost of Revenue 22,745,000 23,311,000 19,280,000 16,483,000
Gross Profit 3,591,000 3,121,000 3,388,000 2,804,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 25,046,000 25,601,000 21,150,000 18,505,000
Operating Income 1,015,000 599,000 1,379,000 669,000
Income Expense Net (Other) -4,900,000 -4,871,000 -3,887,000 -3,643,000
EBIT 1,015,000 599,000 1,379,000 669,000
Interest Income 4,900,000 4,871,000 3,887,000 3,643,000
Pretax Income -3,885,000 -4,272,000 -2,508,000 -2,974,000
Income Tax 0 0 0 0
Minority Interest -209,000 -245,000 -177,000 -308,000
Net Income -3,706,000 -4,103,000 -2,393,000 -2,728,000
Net Income Basic -7,173,000 -7,570,000 -5,858,000 -6,194,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Net Income -3,706,000 -4,103,000 -2,393,000 -2,728,000
Depreciation 13,719,000 14,300,000 12,801,000 9,025,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -12,492,000 19,340,000 -14,403,000 12,607,000
Cash Flow 14,265,000 6,286,000 10,015,000 10,681,000
Capital Expenditures -1,346,000 -1,873,000 -2,055,000 -1,469,000
Investments -57,000 -88,996,000 -102,814,000 -69,641,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -1,403,000 -90,869,000 -104,869,000 -71,110,000
Dividends Paid -7,484,000 -6,587,000 -7,596,000 -6,196,000
Net Borrowings -30,407,000 99,696,000 77,844,000 -1,295,000
Cash Flow Financing -25,354,000 103,923,000 80,451,000 73,036,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
5 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.2
Rating AFFO & Efficiency Section Avg. Rating
7 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.8
8 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.4
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.0
7.0 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

REITProperty


Below are some of the properties owned by this PLYM. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
Green Meadows Dr N Industrial 8288 Green Meadows Dr N Lewis Center OH
Green Meadows Dr N Industrial 8273 Green Meadows Dr N Lewis Center OH
Americana Pkwy Industrial 7001 Americana Pkwy Reynoldsburg OH

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Last updated: 2022-08-09 - v3.4