Plymouth Industrial REIT to Experience Dramatic 23.4% Increase in Rental Rates for Q4

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This is great news for the real estate investment trust (REIT) and its investors, which will benefit from this increased revenue over the next few months. PLYMOUTH INDUSTRIAL REIT ($NYSE:PLYM) is a publicly traded real estate investment trust (REIT) that focuses on the acquisition, ownership, and management of industrial properties in the United States. The REIT currently trades on the New York Stock Exchange (NYSE) under the symbol PLYM. This increased demand has led to greater competition for industrial space and, consequently, higher rental rates for those who have secured it. The REIT is also well-positioned to take advantage of any additional opportunities that may arise in the industrial real estate market in the coming months.

Analysis

At GoodWhale, we analyze financial data of companies to give investors an insight into their performance. Our analysis of PLYMOUTH INDUSTRIAL REIT’s financials shows that it is classified as a ‘cow’, meaning that it has a track record of paying out consistent and sustainable dividends. This makes it an attractive option for dividend investors who are looking for steady income from their investments. Moreover, PLYMOUTH INDUSTRIAL REIT has an intermediate health score of 4/10 which suggests that it is likely to sustain future operations in times of crisis. Further, it is strong in asset, growth, and medium in dividend, profitability, which makes it an attractive option for long-term investors who are looking for value in their investments. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for PLYM. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for PLYM. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for PLYM. More…

Key Ratios Snapshot

Some of the financial key ratios for PLYM are shown below. More…

Peers

Its competitors are Stag Industrial Inc., Terreno Realty Corp., and Rexford Industrial Realty Inc.

– Stag Industrial Inc ($NYSE:STAG)

Stag Industrial Inc is a real estate investment trust that focuses on the acquisition, ownership, and operation of industrial properties in the United States. As of December 31, 2020, the company owned 469 properties in 39 states.

– Terreno Realty Corp ($NYSE:TRNO)

Terreno Realty Corporation is a real estate investment trust that acquires, owns, and operates industrial properties in key markets in the United States. The company has a market capitalization of $4.43 billion as of 2022. Terreno Realty Corporation’s properties are located in eight major markets: Los Angeles, Northern New Jersey, San Francisco, Seattle, Miami, Washington, D.C., and New York City. The company’s portfolio consists of approximately 51 million square feet of industrial properties.

– Rexford Industrial Realty Inc ($NYSE:REXR)

Rexford Industrial Realty Inc is a real estate investment trust that owns and operates industrial properties in the United States. The company has a market cap of 10.25B as of 2022. Rexford Industrial Realty Inc is headquartered in Los Angeles, California.

Summary

Plymouth Industrial REIT is an attractive investment opportunity for investors due to its strong fourth quarter rental rate increase of 23.4%. This indicates that the company is well-positioned to deliver strong returns over the long term.

Additionally, the company’s portfolio consists of a diverse mix of properties that extend across multiple markets and economic cycles, minimizing risk exposure. Plymouth Industrial REIT also benefits from a strong management team with a proven track record in the industry, providing further assurance to potential investors. Overall, the company is well-positioned to deliver long-term growth and returns for investors.