Plymouth Industrial REIT Future Growth

Future criteria checks 0/6

Plymouth Industrial REIT's earnings are forecast to decline at 22% per annum while its annual revenue is expected to grow at 5.1% per year. EPS is expected to decline by 3.5% per annum. Return on equity is forecast to be -3.8% in 3 years.

Key information

-22.0%

Earnings growth rate

-3.5%

EPS growth rate

Industrial REITs earnings growth	7.6%
Revenue growth rate	5.1%
Future return on equity	-3.8%
Analyst coverage	Good
Last updated	22 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NYSE:PLYM - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	230	-3	N/A	N/A	3
12/31/2025	217	-1	N/A	N/A	6
12/31/2024	207	-6	N/A	N/A	6
12/31/2023	200	9	82	82	N/A
9/30/2023	196	-5	77	77	N/A
6/30/2023	194	-20	76	76	N/A
3/31/2023	190	-23	77	77	N/A
12/31/2022	183	-27	72	72	N/A
9/30/2022	176	-30	82	82	N/A
6/30/2022	164	-29	67	67	N/A
3/31/2022	151	-30	57	57	N/A
12/31/2021	140	-29	58	58	N/A
9/30/2021	130	-27	46	46	N/A
6/30/2021	122	-27	48	48	N/A
3/31/2021	115	-27	50	50	N/A
12/31/2020	110	-28	42	42	N/A
9/30/2020	102	-28	41	41	N/A
6/30/2020	94	-27	41	41	N/A
3/31/2020	85	-26	34	34	N/A
12/31/2019	75	-25	28	28	N/A
9/30/2019	66	-24	27	27	N/A
6/30/2019	59	-23	19	19	N/A
3/31/2019	54	-25	15	15	N/A
12/31/2018	49	-23	15	15	N/A
9/30/2018	44	-23	14	14	N/A
6/30/2018	39	-21	13	13	N/A
3/31/2018	32	-14	8	8	N/A
12/31/2017	25	-10	8	8	N/A
9/30/2017	22	-4	N/A	-4	N/A
6/30/2017	20	-13	N/A	-3	N/A
3/31/2017	20	-23	N/A	0	N/A
12/31/2016	20	-37	N/A	0	N/A
9/30/2016	19	-44	N/A	4	N/A
6/30/2016	19	-41	N/A	0	N/A
3/31/2016	19	-42	N/A	-2	N/A
12/31/2015	19	-49	N/A	-4	N/A
9/30/2015	17	-58	N/A	-7	N/A
6/30/2015	12	-51	N/A	-7	N/A
3/31/2015	8	-39	N/A	-6	N/A
12/31/2014	3	-18	N/A	-5	N/A
9/30/2014	0	-4	N/A	-3	N/A
6/30/2014	0	-3	N/A	-3	N/A
3/31/2014	-1	-3	N/A	-3	N/A
12/31/2013	-1	-3	N/A	-3	N/A
9/30/2013	0	-3	N/A	-3	N/A
6/30/2013	0	-4	N/A	-3	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PLYM's earnings are forecast to decline over the next 3 years (-22% per year).

Earnings vs Market: PLYM's earnings are forecast to decline over the next 3 years (-22% per year).

High Growth Earnings: PLYM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PLYM's revenue (5.1% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: PLYM's revenue (5.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PLYM is forecast to be unprofitable in 3 years.

Plymouth Industrial REIT Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates upgraded to US$0.13 loss

Consensus EPS estimates fall by 54%

Forecast to breakeven in 2026

Forecast to breakeven in 2026

Consensus EPS estimates upgraded to US$0.12 loss

Plymouth Industrial REIT, Inc. Affirms Earnings Guidance for the Full Year 2023

Recent updates

Plymouth Industrial REIT, Inc. to Report Q1, 2024 Results on May 01, 2024

Upcoming dividend of US$0.24 per share

Plymouth Industrial: Good Time To Accumulate This Undervalued REIT

Consensus EPS estimates upgraded to US$0.13 loss

Consensus EPS estimates fall by 54%

New major risk - Revenue and earnings growth

Plymouth Industrial REIT, Inc. has filed a Follow-on Equity Offering in the amount of $200 million.

New major risk - Financial position

Plymouth Industrial REIT, Inc. Declares Dividend for the First Quarter of 2024, Payable on April 30, 2024

Now 20% undervalued

Insufficient new directors

Forecast to breakeven in 2026

New major risk - Revenue and earnings growth

Plymouth Industrial REIT, Inc. to Report Q4, 2023 Results on Feb 22, 2024

Forecast to breakeven in 2026

Plymouth Industrial: High Growth At A Low Price

Upcoming dividend of US$0.23 per share at 3.7% yield

PPlymouth Industrial REIT, Inc. Declares Dividend for the Fourth Quarter of 2023, Payable on January 31, 2024

Consensus EPS estimates upgraded to US$0.12 loss

Now 22% undervalued after recent price drop

New minor risk - Profitability

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Plymouth: Industrial Growth Without The Industrial Multiple

Plymouth Industrial REIT, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of US$0.23 per share at 4.1% yield

An unknown Buyer acquired 306,552-square-foot industrial building in Chicago from Plymouth Industrial REIT, Inc. (NYSE:PLYM) for $19.9 million.

Plymouth Industrial REIT, Inc. Declares Dividend for the Third Quarter, Payable on October 31, 2023

Plymouth Industrial REIT: The Next Target In M&A?

Plymouth Industrial REIT, Inc. Affirms Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations

Plymouth Industrial REIT, Inc. Announces Pen White Transitions from His Executive Role as President and Chief Investment Officer

Plymouth Industrial REIT, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of US$0.23 per share at 4.0% yield

Plymouth Industrial REIT, Inc. Declares Cash Dividend for the Second Quarter of 2023, Payable on July 31, 2023

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 22% undervalued after recent price drop

Full year 2022 earnings released: US$0.67 loss per share (vs US$0.94 loss in FY 2021)

Plymouth Industrial REIT Q4 2022 Earnings Preview

Plymouth Industrial: Value O' Plenty In Secondary Markets

Plymouth Industrial REIT, Inc. to Report Q4, 2022 Results on Feb 23, 2023

Now 21% undervalued

Plymouth Industrial posts solid rental rate, occupancy growth in 2022

Upcoming dividend of US$0.22 per share

Plymouth Industrial REIT, Inc. Declares Dividend for the Fourth Quarter of 2022, Payable on January 31, 2023

Plymouth Industrial REIT declares $0.22 dividend

Plymouth Industrial: A Rock Solid REIT With Double-Digit Rent Growth

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Plymouth Industrial REIT, Inc. Revises Earnings Guidance for the Year 2022

Plymouth Industrial REIT Q3 2022 Earnings Preview

Price target decreased to US$23.50

Plymouth Industrial REIT, Inc. (NYSE:PLYM) acquired 197,518 Square Foot Single Tenant Industrial Building in Cleveland, Ohio for $16.5 million.

Plymouth Industrial REIT reports Q3 leases of 2.6M sq. ft.

Upcoming dividend of US$0.22 per share

Plymouth Industrial REIT, Inc. Declares Dividend for the Third Quarter of 2022, Payable on October 31, 2022

Plymouth Industrial REIT declares $0.22 dividend

Consensus forecasts updated

Plymouth Industrial REIT: Half The Price Of Its Peers With Similar Growth

Consensus forecasts updated

Plymouth Industrial: A Value REIT In The Industrials Sector

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Plymouth Industrial REIT, Inc. (NYSE:PLYM) acquired Midwest Triangle Portfolio for $43.2 million.

Plymouth Industrial REIT, Inc. to Report Q2, 2022 Results on Aug 03, 2022

Price target decreased to US$26.00

Upcoming dividend of US$0.22 per share

Plymouth Industrial REIT, Inc. Declares Dividend for the Second Quarter of 2022, Payable on July 29, 2022

Plymouth Industrial REIT, Inc. (NYSE:PLYM) acquired Two Industrial Buildings Totaling 154,000 Sq Ft in Cincinnati and Cleveland, Ohio for $12.6 million.

As Overhang Is Removed, Plymouth's True Value Is Revealed

Consensus forecasts updated

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind