Plymouth Industrial REIT Inc. (PLYM)
NYSE NYSE Primary 
PLYM Buys Properties for $65.1M, Grows Atlanta & Cincinnati Presence
Plymouth's purchase of industrial properties in the Atlanta and Cincinnati markets marks well below replacement cost.
Plymouth Industrial: High Yield And Value In Plain Sight
Plymouth Industrial REIT trades at a significant discount to peers, offering a compelling value opportunity with strong fundamentals and a 5.6% dividend yield. PLYM focuses on secondary markets within the high-demand "Golden Triangle" region, showing robust leasing activity and growing occupancy rates. It's substantially reduced its long-term debt over the past 2 years and carries a safe leverage ratio.
Plymouth Industrial REIT, Inc. (PLYM) Q4 2024 Earnings Conference Call Transcript
Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q4 2024 Earnings Conference Call February 27, 2025 9:00 AM ET Company Participants John Wilfong - IR Jeff Witherell - Chairman & CEO Anthony Saladino - EVP & CFO Conference Call Participants Eric Borden - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Rich Anderson - Wedbush Nick Thielman - Baird Mitch Germain - Citizens JMP Brendan Lynch - Barclays Michael Mueller - JPMorgan Operator Good morning and welcome to the Plymouth Industrial REIT Conference Call to review the Company's Results for the Fourth Quarter of 2024. All participants will be in listen-only mode.
Plymouth Industrial (PLYM) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for Plymouth Industrial (PLYM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Plymouth Industrial (PLYM) Matches Q4 FFO Estimates
Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.46 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.47 per share a year ago.
Plymouth Industrial Secures Lease in St. Louis, Sees Rent Growth
Continuing its healthy leasing momentum, PLYM secures a two-year lease from a major international enterprise at a St. Louis industrial building.
Plymouth Industrial Shows Resilient Growth & Strategic Focus in Q4
PLYM ends 2024 strong with rent growth and strategic acquisitions.
Innovative Industrial's Business Model Fails, While Plymouth Shows Resilience
Plymouth Industrial REIT, Inc. is a strong industrial REIT with a durable business model, trading at a discounted AFFO multiple and well below NAV. Innovative Industrial Properties, Inc. faces significant tenant difficulties, with high rent per foot and risky tenant investment strategy leading to potential long-term vacancies or reduced rents. PLYM's tenant defaults are minor and have led to higher replacement rents, showcasing robust asset underwriting and a focus on quality real estate.
Plymouth Buys Portfolio for $20.1M, Boosts Cincinnati Presence
PLYM purchases the small bay industrial properties in Cincinnati well below replacement cost.
Plymouth Industrial: Too Risky To Own
Despite some positive deals, Plymouth's high volatility, tenant issues, and underperformance compared to peers make it less attractive for income-seeking investors. Plymouth's smaller size makes it vulnerable to short-term shocks and outbidding by larger competitors, impacting its stability and growth potential. I rate PLYM stock as a Sell due to a Q3 earnings miss, size disadvantages, and better alternatives in the industrial REIT space.
Plymouth Industrial REIT, Inc. (PLYM) Q3 2024 Earnings Call Transcript
Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations Jeff Witherell - Chairman & Chief Executive Officer Anthony Saladino - Executive Vice President & Chief Financial Officer Jim Connolly - Executive Vice President, Asset Management Conference Call Participants Mitch Germain - Citizens JMP Rich Anderson - Wedbush John Kim - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Brendan Lynch - Barclays Anthony Howe - Truist Securities Operator Good morning, and welcome to the Plymouth Industrial REIT Conference Call to review the company's Results for the Third Quarter of 2024. All participants will be in listen-only mode.
Plymouth Industrial (PLYM) Q3 FFO Lag Estimates
Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.44 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to FFO of $0.46 per share a year ago.
