plymouth industrial reit (nyse american: plym) 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, enabling the company to leverage its proven real estate operating expertise through active asset management, prudent property re-positioning and disciplined capital deployment to enhance shareholder value.
Company profile
Ticker
PLYM
Exchange
Website
CEO
Jeffrey E. Witherell
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Plymouth Industrial REIT Inc., Plymouth Opportunity REIT Inc.
SEC CIK
Corporate docs
Subsidiaries
Plymouth Industrial OP, LP • Plymouth OP Limited LLC • Plymouth Revco LLC • Plymouth 32 Dart LLC • Plymouth 56 Milliken LLC • Plymouth 189 Seegers LLC • Plymouth 210 American LLC • Plymouth 1355 Holmes LLC • Plymouth 1755 Enterprise LLC • Plymouth 1875 Holmes LLC ...
PLYM stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
28 Feb 24
424B5
Prospectus supplement for primary offering
27 Feb 24
8-K
Fourth Quarter 2023 Earnings Call
27 Feb 24
S-3ASR
Automatic shelf registration
27 Feb 24
10-K
2023 FY
Annual report
22 Feb 24
8-K
Plymouth Industrial Reit Reports Fourth Quarter Results
21 Feb 24
8-K
Plymouth Industrial REIT Provides Activity Update for Fourth Quarter 2023
4 Jan 24
UPLOAD
Letter from SEC
14 Dec 23
CORRESP
Correspondence with SEC
8 Dec 23
UPLOAD
Letter from SEC
29 Nov 23
Transcripts
PLYM
Earnings call transcript
2023 Q4
22 Feb 24
PLYM
Earnings call transcript
2023 Q3
2 Nov 23
PLYM
Earnings call transcript
2023 Q2
3 Aug 23
PLYM
Earnings call transcript
2023 Q1
4 May 23
PLYM
Earnings call transcript
2023 Q1
4 May 23
PLYM
Earnings call transcript
2022 Q4
23 Feb 23
PLYM
Earnings call transcript
2022 Q3
3 Nov 22
PLYM
Earnings call transcript
2022 Q2
3 Aug 22
PLYM
Earnings call transcript
2022 Q1
4 May 22
PLYM
Earnings call transcript
2021 Q4
23 Feb 22
Latest ownership filings
4
PENDLETON P WHITE
18 Mar 24
4
Anthony Saladino
15 Feb 24
4
Jeffrey E Witherell
15 Feb 24
SC 13G/A
PRUDENTIAL FINANCIAL INC
14 Feb 24
SC 13G/A
SILVERCREST ASSET MANAGEMENT GROUP LLC
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
FMR LLC
9 Feb 24
SC 13G/A
JENNISON ASSOCIATES LLC
8 Feb 24
SC 13G/A
BlackRock Inc.
26 Jan 24
4
JOHN W GUINEE III
8 Dec 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 30.27 mm | 30.27 mm | 30.27 mm | 30.27 mm | 30.27 mm | 30.27 mm |
Cash burn (monthly) | 2.75 mm | 498.42 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 18.36 mm | 3.33 mm | n/a | n/a | n/a | n/a |
Cash remaining | 11.91 mm | 26.94 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 4.3 | 54.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
96.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 164 |
Opened positions | 19 |
Closed positions | 11 |
Increased positions | 60 |
Reduced positions | 60 |
13F shares | Current |
---|---|
Total value | 865.03 bn |
Total shares | 43.97 mm |
Total puts | 300.00 |
Total calls | 5.60 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Madison International Realty | 5.04 mm | $105.54 bn |
Vanguard | 4.07 mm | $85.17 bn |
Jennison Associates | 3.14 mm | $65.77 bn |
FMR | 3.11 mm | $65.14 bn |
BLK Blackrock | 3.07 mm | $64.40 bn |
WHG Westwood | 2.75 mm | $57.66 bn |
SAMG Silvercrest Asset Management | 2.50 mm | $52.36 bn |
Wellington Management | 1.64 mm | $34.36 bn |
PCOK Pacific Oak Strategic Opportunity REIT | 1.56 mm | $21.54 mm |
STT State Street | 1.19 mm | $25.18 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Mar 24 | Pendleton P White | Common Stock | Buy | Acquire P | Yes | No | 21.58 | 4,000 | 86.32 k | 4,000 |
6 Dec 23 | John W Guinee Iii | Common Stock | Grant | Acquire A | No | No | 22.86 | 1,000 | 22.86 k | 32,708 |
15 Jun 23 | Anthony Saladino | Performance Stock Units Common Stock | Grant | Acquire A | No | No | 0 | 11,609 | 0.00 | 11,609 |
15 Jun 23 | Jeffrey E Witherell | Performance Stock Units Common Stock | Grant | Acquire A | No | No | 0 | 26,534 | 0.00 | 26,534 |
14 Feb 23 | Anthony Saladino | Common Stock | Grant | Acquire A | No | No | 0 | 25,372 | 0.00 | 36,372 |
News
Barclays Initiates Coverage On Plymouth Industrial REIT with Equal-Weight Rating, Announces Price Target of $22
27 Mar 24
Truist Securities Maintains Buy on Plymouth Industrial REIT, Lowers Price Target to $24
29 Feb 24
Plymouth Industrial REIT Sees FY24 Core FFO $1.88-$1.92
21 Feb 24
Plymouth Industrial REIT Q4 AFFO $0.48 Up From $0.42 YoY, Sales $50.75M Miss $50.91M Estimate
21 Feb 24
JMP Securities Upgrades Plymouth Industrial REIT to Market Outperform, Announces $27 Price Target
22 Jan 24