Plymouth Industrial REIT, Inc.

NYSE:PLYM Stock Report

Market Cap: US$763.0m

Plymouth Industrial REIT Balance Sheet Health

Financial Health criteria checks 0/6

Plymouth Industrial REIT has a total shareholder equity of $441.6M and total debt of $822.7M, which brings its debt-to-equity ratio to 186.3%. Its total assets and total liabilities are $1.5B and $1.1B respectively. Plymouth Industrial REIT's EBIT is $36.2M making its interest coverage ratio 0.9. It has cash and short-term investments of $34.6M.

Key information

186.3%

Debt to equity ratio

US$822.67m

Debt

Interest coverage ratio0.9x
CashUS$34.62m
EquityUS$441.65m
Total liabilitiesUS$1.05b
Total assetsUS$1.50b

Recent financial health updates

No updates

Recent updates

Plymouth Industrial: Too Risky To Own

Nov 17

Plymouth Industrial: Buy High Quality At A Substantial Discount

Aug 04

Plymouth Industrial: An Interesting Industrial REIT

May 24

Plymouth Industrial: Good Time To Accumulate This Undervalued REIT

Mar 14

Plymouth Industrial: High Growth At A Low Price

Dec 30

Plymouth: Industrial Growth Without The Industrial Multiple

Oct 10

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

Aug 08

Plymouth Industrial REIT Q4 2022 Earnings Preview

Feb 22

Plymouth Industrial: Value O' Plenty In Secondary Markets

Jan 31

Plymouth Industrial posts solid rental rate, occupancy growth in 2022

Jan 05

Plymouth Industrial REIT declares $0.22 dividend

Dec 15

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

Nov 09

Plymouth Industrial REIT Q3 2022 Earnings Preview

Nov 02

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

Oct 07

Plymouth Industrial REIT declares $0.22 dividend

Sep 15

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

Aug 29

Plymouth Industrial: A Value REIT In The Industrials Sector

Aug 05

Financial Position Analysis

Short Term Liabilities: PLYM's short term assets ($255.5M) do not cover its short term liabilities ($344.0M).

Long Term Liabilities: PLYM's short term assets ($255.5M) do not cover its long term liabilities ($710.8M).

Debt to Equity History and Analysis

Debt Level: PLYM's net debt to equity ratio (178.4%) is considered high.

Reducing Debt: PLYM's debt to equity ratio has increased from 131.7% to 186.3% over the past 5 years.

Debt Coverage: PLYM's debt is not well covered by operating cash flow (8.8%).

Interest Coverage: PLYM's interest payments on its debt are not well covered by EBIT (0.9x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/30 06:59
End of Day Share Price 2025/01/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Plymouth Industrial REIT, Inc. is covered by 17 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David RodgersBaird
Nicholas ThillmanBaird
Brendan LynchBarclays