Plymouth Industrial REIT Price, Forecast, Insider, Ratings, Fundamentals & Signals

Boston, may 01, 2024 (globe newswire) -- plymouth industrial reit, inc. (nyse: plym) (the “company”) today announced its financial results for the first quarter ended march 31, 2024, and other recent developments.

Boston, april 02, 2024 (globe newswire) -- plymouth industrial reit, inc. (nyse: plym) announced its leasing and development activity for the first quarter of 2024. the company also announced details for its first quarter earnings conference call and webcast to be held on may 2, 2024.

Boston, march 11, 2024 (globe newswire) -- plymouth industrial reit, inc. (nyse: plym) announced that two additional projects in the company's development program have achieved green globes® certification for core & shell construction for sustainability efforts during the design and delivery process. a total of six projects in the first phase of the company's development program have achieved a minimum of a two green globes certification, demonstrating plymouth's commitment to current and future building operations best practices, occupant health and wellness, and reducing carbon emissions.

Boston, feb. 21, 2024 (globe newswire) -- plymouth industrial reit, inc. (nyse: plym) (the “company”) today announced its financial results for the fourth quarter and year ended december 31, 2023 and other recent developments. fourth quarter, full year 2023 and subsequent highlights reported results for the fourth quarter of 2023 reflect net income attributable to common stockholders of $0.20 per weighted average common share; core funds from operations attributable to common stockholders and unit holders (“core ffo”) of $0.47 per weighted average common share and units; and adjusted ffo (“affo”) of $0.48 per weighted average common share and units.

Boston, jan. 17, 2024 (globe newswire) -- plymouth industrial reit, inc. (nyse: plym) announced the tax treatment of its 2023 dividends to common stockholders. the following table summarizes plymouth industrial reit's dividends to stockholders of common stock cusip #729640102 traded on the nyse under ticker symbol “plym” for the tax year ended december 31, 2023:

Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q1 2024 Earnings Call Transcript May 2, 2024 9:00 AM ET Company Participants Tripp Sullivan - SCR Partners LLC Jeff Witherell - Chairman and Chief Executive Officer Jim Connolly - Executive Vice President, Asset Management Conference Call Participants Todd Thomas - KeyBanc Capital Markets Nick Thillman - Baird Mitch Germain - Citizens JMP Bryan Maher - B. Riley FBR Anthony Hau - Suntrust Brendan Lynch - Barclays Operator Good day, and welcome to the Plymouth Industrial REIT First Quarter 2024 Results Conference Call.

Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.45 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to FFO of $0.45 per share a year ago.

I have suffered many losses over the years. But fortunately, I have had many more winners than losers. I discuss some of my best REIT investments and lessons that they taught me.

Plymouth (PLYM) drives growth with strong leasing activity, an increase in rental rates and high occupancy.

Industrial real estate has experienced strong demand growth, leading to an increase in development of new warehouses. The supply and demand for industrial real estate vary by location, resulting in pockets of both strength and weakness. The future winners in the industrial real estate sector can be estimated by studying valuation and operating fundamentals.

Plymouth Industrial REIT is an under-followed value stock with strong fundamentals and improving balance sheet. PLYM focuses on the acquisition, development, and management of industrial properties in the "Golden Triangle" region of the US. PLYM has demonstrated consistent results, with strong leasing spreads and occupancy rates, and is expected to continue growing its cash NOI and FFO/share.

Plymouth Industrial REIT, Inc. (PLYM) Q4 2023 Earnings Call Transcript

Plymouth Industrial REIT, Inc. has strong fundamental momentum and potential for further upside due to industry and macro trends in its favor. Simon Property Group, Inc. has a low FFO multiple but its real estate business is showing growth potential disguised by the drag from its cyclical operating retailers. EPR Properties may experience a reversal in its momentum as its price movement is not supported by fundamental strength and it faces significant tenant risk.

Plymouth (PLYM) drives success with strong leasing activity, an increase in rental rates and high occupancy.

Plymouth Industrial is a REIT that leases industrial real estate like warehouses and distribution centers. Income-oriented investors may want to look elsewhere because the dividend yield is low and the payout unlikely to grow at a good pace. However, value investors should consider the significant discount to NAV, reasonable use of leverage, and very high growth of the business over the years.