Plymouth 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.
Second-rate dividend payer and slightly overvalued.
Share Price & News
How has Plymouth Industrial REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PLYM.PRA has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PLYM.PRA underperformed the US REITs industry which returned 12.8% over the past year.
Return vs Market: PLYM.PRA underperformed the US Market which returned 10.5% over the past year.
Price Volatility Vs. Market
How volatile is Plymouth Industrial REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Plymouth Industrial REIT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PLYM.PRA ($26.75) is trading below our estimate of fair value ($100.46)
Significantly Below Fair Value: PLYM.PRA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PLYM.PRA is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: PLYM.PRA is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PLYM.PRA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PLYM.PRA is overvalued based on its PB Ratio (2.6x) compared to the US REITs industry average (2x).
How is Plymouth Industrial REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PLYM.PRA is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PLYM.PRA is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PLYM.PRA is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PLYM.PRA's revenue (4.4% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: PLYM.PRA's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PLYM.PRA's Return on Equity is forecast to be high in 3 years time
How has Plymouth Industrial REIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PLYM.PRA is currently unprofitable.
Growing Profit Margin: PLYM.PRA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PLYM.PRA is unprofitable, but has reduced losses over the past 5 years at a rate of 13.5% per year.
Accelerating Growth: Unable to compare PLYM.PRA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PLYM.PRA is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (5.9%).
Return on Equity
High ROE: PLYM.PRA has a negative Return on Equity (-5.72%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Plymouth Industrial REIT's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: PLYM.PRA has a high level of physical assets or inventory.
Debt Coverage by Assets: PLYM.PRA's debt is not covered by short term assets (assets are 0.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PLYM.PRA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PLYM.PRA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 60.3% per year.
Financial Institutions Analysis
Asset Level: PLYM.PRA's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if PLYM.PRA has a sufficient allowance for bad loans.
Low Risk Liabilities: PLYM.PRA reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if PLYM.PRA has an acceptable proportion of non-loan assets held.
Low Risk Deposits: PLYM.PRA has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if PLYM.PRA has an appropriate level of bad loans.
What is Plymouth Industrial REIT's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PLYM.PRA's dividend (7.43%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: PLYM.PRA's dividend (7.43%) is in the top 25% of dividend payers in the US market (3.9%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PLYM.PRA has been paying a dividend for less than 10 years.
Growing Dividend: PLYM.PRA has only been paying a dividend for 3 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (114.2%), PLYM.PRA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PLYM.PRA's dividends in 3 years are forecast to be thoroughly covered by earnings (3.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Witherell (54yo)
Mr. Jeffrey Earle Witherell, also known as Jeff, served as the Chief Executive Officer and President of Plymouth Realty Capital Corp. until November 28, 2018 and has been its Director since July 31, 2013. ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD503.49K) is below average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
|Chairman & CEO||8.9yrs||US$503.49k||0.56% $1.6m|
|Executive VP & CFO||5.8yrs||US$308.96k||0.33% $955.5k|
|Investor Relations||3.1yrs||no data||no data|
|Senior VP & General Counsel||8.9yrs||no data||no data|
|Senior VP of Finance & Controller||0yrs||no data||no data|
Experienced Management: PLYM.PRA's management team is seasoned and experienced (8.9 years average tenure).
|Chairman & CEO||8.9yrs||US$503.49k||0.56% $1.6m|
|Independent Director||5yrs||US$65.00k||0.060% $176.1k|
|Independent Director||2.7yrs||US$65.00k||0.085% $247.0k|
|Independent Director||2.7yrs||US$65.00k||0.085% $249.2k|
|Independent Director||2.7yrs||US$60.00k||0.089% $258.5k|
Experienced Board: PLYM.PRA's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 67.4%.
Plymouth Industrial REIT, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Plymouth Industrial REIT, Inc.
- Ticker: PLYM.PRA
- Exchange: AMEX
- Founded: 2011
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: US$291.677m
- Market Cap: US$267.724m
- Shares outstanding: 14.45m
- Website: https://www.plymouthreit.com
Number of Employees
- Plymouth Industrial REIT, Inc.
- 260 Franklin Street, Suite 700
- 7th Floor
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PLYM||AMEX (NYSE MKT LLC)||Yes||Common Stock||US||USD||Jun 2017|
|PLYM.PRA||AMEX (NYSE MKT LLC)||7.50% PFD A||US||USD||Oct 2017|
Plymouth 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 02:48|
|End of Day Share Price||2020/02/26 00:00|
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.