Update shared on24 Sep 2025
Fair value Increased 6.67%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.
- Bullish analysts are recalibrating projections to align with acquisition interest and sector rerating.
- The implied 7.5% cap rate in the Sixth Street offer is considered fair, driving upward price adjustments.
- Sixth Street's offer represents a significant premium to both recent trading levels (VWAP) and consensus net asset value.
- Low likelihood of a competing bidder supports a stable premium in the current bid scenario, improving valuation certainty.
What's in the News
- Sixth Street Partners proposed to acquire a 90.01% stake in Plymouth Industrial REIT for approximately $1 billion, offering $24.10 per share in cash.
- The company completed the repurchase of 1,031,223 shares, representing 2.26% of shares outstanding, for $16.76 million.
- Plymouth Industrial REIT was dropped from the Russell 2000 Dynamic Index.
Valuation Changes
Summary of Valuation Changes for Plymouth Industrial REIT
- The Consensus Analyst Price Target has risen from $20.62 to $22.00.
- The Future P/E for Plymouth Industrial REIT has risen from 15.01x to 16.03x.
- The Discount Rate for Plymouth Industrial REIT remained effectively unchanged, moving only marginally from 9.52% to 9.60%.
Disclaimer
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