PLYM stockholders approve a $2.1B all-cash buyout by Makarora and Ares, paving the way for a Jan. 27 close and taking the REIT private.
PLYM jumps 47% after Sixth Street offers $24.10 per share in cash to acquire all outstanding stock.
Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q2 2025 Earnings Conference Call August 7, 2025 9:00 AM ET Company Participants Anthony J. Saladino - President & CFO Ethan Farris - Corporate Participant Investor Relations - Corporate Participant James M.
The headline numbers for Plymouth Industrial (PLYM) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.46 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.48 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
PLYM offers a compelling 6.2% dividend yield and trades at a bargain 8x forward P/FFO. Strong leasing activity, robust occupancy, and acquisitions below replacement cost support FFO growth and income stability for value investors. PLYM's focus on infill, multi-tenant assets in supply-constrained markets positions it to benefit from reshoring and last-mile logistics demand.
PLYM purchases a portfolio of industrial properties in Columbus, Cincinnati and Cleveland, OH, well below replacement cost.
Plymouth Industrial REIT focuses on the Golden Triangle, owning nearly 200 buildings with high occupancy but relies heavily on shareholder dilution for growth. The complex deal with Sixth Street, involving a $250 million investment and preferred equity issuance, complicates financials and raises concerns about capital allocation strategies. Despite appealing valuation metrics, including a low FFO multiple and high dividend yield, I remain cautious due to dated properties and expensive overhead.
Although the revenue and EPS for Plymouth Industrial (PLYM) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.44 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to FFO of $0.45 per share a year ago.
PLYM drives growth with healthy leasing activity and strategic acquisitions.