Plymouth Industrial REIT (PLYM) Financials

$16.69 +0.11 (+0.68%)

Closing price 03:59 PM Eastern

Extended Trading

$16.67 -0.02 (-0.14%)

As of 06:59 PM Eastern

Annual Income Statements for Plymouth Industrial REIT

This table shows Plymouth Industrial REIT's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-27	8.79	138
Consolidated Net Income / (Loss)	-17	14	142
Net Income / (Loss) Continuing Operations	-17	14	142
Total Pre-Tax Income	-17	14	145
Total Revenue	181	200	198
Net Interest Income / (Expense)	0.00	0.00	0.00
Total Interest Income	0.00	0.00	0.00
Total Interest Expense	0.00	0.00	0.00
Total Non-Interest Income	181	200	198
Other Service Charges	0.09	0.09	0.79
Net Realized & Unrealized Capital Gains on Investments	-2.18	-0.07	-0.27
Other Non-Interest Income	183	200	198
Total Non-Interest Expense	166	170	162
Net Occupancy & Equipment Expense	57	63	62
Other Operating Expenses	16	15	15
Depreciation Expense	94	93	86
Nonoperating Income / (Expense), net	-32	-16	109
Income Tax Expense	0.00	0.00	2.49
Preferred Stock Dividends Declared	9.59	4.53	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.05	0.48	4.50
Basic Earnings per Share	($0.67)	$0.20	$3.06
Weighted Average Basic Shares Outstanding	39.78M	43.55M	44.99M
Diluted Earnings per Share	($0.67)	$0.20	$3.06
Weighted Average Diluted Shares Outstanding	39.78M	43.63M	45.05M
Weighted Average Basic & Diluted Shares Outstanding	39.78M	45.38M	45.55M

This table shows Plymouth Industrial REIT's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-7.99	-4.49	-4.30	-3.60	7.51	9.19	6.12	1.22	-16	146	5.76
Consolidated Net Income / (Loss)	-4.63	-3.54	-3.34	-2.63	10	9.38	6.29	1.33	-15	150	7.01
Net Income / (Loss) Continuing Operations	-4.63	-3.54	-3.34	-2.63	10	9.38	6.29	1.33	-15	150	7.01
Total Pre-Tax Income	-4.63	-3.54	-3.34	-2.63	10	9.38	6.29	1.33	-15	153	7.01
Total Revenue	48	45	49	50	62	39	58	50	52	39	46
Net Interest Income / (Expense)	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Non-Interest Income	48	45	49	50	62	39	58	50	52	39	46
Other Service Charges	0.00	0.00	0.03	0.00	0.03	0.03	0.04	0.04	0.44	0.28	0.15
Net Realized & Unrealized Capital Gains on Investments	0.00	-	0.00	0.00	12	-12	8.03	0.85	-0.23	-8.91	0.30
Other Non-Interest Income	48	47	49	50	50	51	50	49	51	47	45
Total Non-Interest Expense	43	42	43	43	42	42	42	39	42	39	38
Net Occupancy & Equipment Expense	14	-	16	16	16	15	17	14	17	14	15
Other Operating Expenses	4.08	-9.64	3.45	3.84	3.30	4.32	3.36	3.88	3.58	3.94	4.12
Depreciation Expense	25	24	24	23	23	23	22	21	21	21	19
Nonoperating Income / (Expense), net	-8.98	-6.59	-9.54	-9.58	-9.55	13	-9.60	-9.41	-25	153	-0.68
Net Income / (Loss) Attributable to Noncontrolling Interest	0.01	0.02	0.05	0.05	0.20	0.19	0.16	0.11	0.35	3.89	1.25
Basic Earnings per Share	($0.19)	($0.10)	($0.10)	($0.08)	$0.17	$0.21	$0.14	$0.03	($0.35)	$3.24	$0.13
Weighted Average Basic Shares Outstanding	41.13M	39.78M	42.60M	42.65M	44.06M	43.55M	44.94M	44.99M	45.01M	44.99M	45.09M
Diluted Earnings per Share	($0.19)	-	($0.10)	($0.08)	$0.17	$0.21	$0.14	$0.03	($0.35)	$3.24	$0.13
Weighted Average Diluted Shares Outstanding	41.13M	39.78M	42.60M	42.65M	44.14M	43.63M	44.97M	45.03M	45.01M	45.05M	45.10M
Weighted Average Basic & Diluted Shares Outstanding	-	39.78M	43.03M	44.25M	45.25M	45.38M	45.38M	45.40M	45.39M	45.55M	45.55M

This table details how cash moves in and out of Plymouth Industrial REIT's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-12	-5.01	17
Net Cash From Operating Activities	72	82	96
Net Cash From Continuing Operating Activities	72	82	96
Net Income / (Loss) Continuing Operations	-17	14	142
Consolidated Net Income / (Loss)	-17	14	142
Depreciation Expense	95	93	86
Amortization Expense	-2.75	-0.04	0.71
Non-Cash Adjustments to Reconcile Net Income	1.24	-22	-141
Changes in Operating Assets and Liabilities, net	-4.48	-3.24	8.43
Net Cash From Investing Activities	-252	-0.08	87
Net Cash From Continuing Investing Activities	-252	-0.08	87
Purchase of Investment Securities	-253	-35	-129
Sale and/or Maturity of Investments	0.22	35	217
Net Cash From Financing Activities	168	-87	-166
Net Cash From Continuing Financing Activities	168	-87	-166
Issuance of Debt	363	149	137
Issuance of Common Equity	58	49	-0.54
Repayment of Debt	-197	-195	-313
Repurchase of Preferred Equity	-17	-49	0.00
Payment of Dividends	-40	-42	-44
Other Financing Activities, Net	0.00	0.00	54
Cash Interest Paid	29	36	38

This table details how cash moves in and out of Plymouth Industrial REIT's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	0.19	-5.04	7.22	0.09	-8.25	-4.07	1.03	8.89	-2.57	10	-0.11
Net Cash From Operating Activities	23	13	19	21	24	19	17	20	18	42	16
Net Cash From Continuing Operating Activities	23	13	19	21	24	19	17	20	18	42	16
Net Income / (Loss) Continuing Operations	-4.63	-3.54	-3.34	-2.63	10	9.38	6.29	1.33	-15	150	7.01
Consolidated Net Income / (Loss)	-4.63	-3.54	-3.34	-2.63	10	9.38	6.29	1.33	-15	150	7.01
Depreciation Expense	25	24	24	23	23	23	22	21	21	21	19
Amortization Expense	0.02	-1.71	-0.17	-0.10	0.15	0.08	0.12	0.15	0.17	0.27	0.31
Non-Cash Adjustments to Reconcile Net Income	-0.80	2.23	-0.33	0.01	-11	-9.81	-7.13	1.31	16	-151	-5.54
Changes in Operating Assets and Liabilities, net	3.74	-7.16	-1.37	0.20	1.76	-3.83	-5.03	-4.26	-4.24	22	-5.51
Net Cash From Investing Activities	-39	-16	-8.97	-9.55	10	8.23	-3.74	2.93	-87	176	-68
Net Cash From Continuing Investing Activities	-39	-16	-8.97	-9.55	10	8.23	-3.74	2.93	-87	176	-68
Purchase of Investment Securities	-39	-16	-8.97	-9.55	-8.02	-8.21	-3.74	-5.51	-87	-33	-70
Sale and/or Maturity of Investments	-	-	-	-	18	16	-	-	-	209	2.19
Net Cash From Financing Activities	16	-2.61	-2.42	-11	-42	-31	-12	-14	67	-208	52
Net Cash From Continuing Financing Activities	16	-2.61	-2.42	-11	-42	-31	-12	-14	67	-208	52
Issuance of Debt	42	10	10	-	18	122	0.00	-	133	4.01	65
Issuance of Common Equity	17	-0.14	-0.14	1.39	48	-0.03	-0.25	-0.07	-0.21	-0.02	-0.02
Repayment of Debt	-17	-1.59	-1.79	-1.94	-49	-142	-1.31	-2.82	-111	-198	-0.80
Payment of Dividends	-10	-10	-10	-11	-10	-10	-10	-11	-11	-11	-12
Cash Interest Paid	8.06	8.29	9.01	9.21	9.24	8.76	9.34	9.40	9.94	8.87	6.13

This table presents Plymouth Industrial REIT's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,521	1,442	1,368
Cash and Due from Banks	11	14	18
Restricted Cash	6.83	7.00	24
Loans and Leases, Net of Allowance	0.00	0.00	0.00
Premises and Equipment, Net	1,350	1,300	1,157
Intangible Assets	71	51	42
Other Assets	83	69	128
Total Liabilities & Shareholders' Equity	1,521	1,442	1,368
Total Liabilities	998	954	781
Short-Term Debt	78	155	20
Long-Term Debt	837	715	624
Other Long-Term Liabilities	84	83	138
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	476	488	586
Total Preferred & Common Equity	471	483	580
Preferred Stock	-	0.00	1.26
Total Common Equity	471	483	580
Common Stock	635	645	605
Retained Earnings	-194	-183	-43
Accumulated Other Comprehensive Income / (Loss)	30	20	18
Noncontrolling Interest	5.39	5.23	6.31

This table presents Plymouth Industrial REIT's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	1,506	1,501	1,477	1,435	1,422	1,496	1,406
Cash and Due from Banks	20	19	12	17	24	21	19
Restricted Cash	6.85	7.01	7.10	7.20	6.98	7.39	24
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	1,341	1,332	1,316	1,274	1,256	1,147	1,204
Intangible Assets	66	60	56	46	42	44	45
Other Assets	72	82	85	91	93	276	115
Total Liabilities & Shareholders' Equity	1,506	1,501	1,477	1,435	1,422	1,496	1,406
Total Liabilities	1,004	1,001	975	945	941	1,055	827
Short-Term Debt	88	88	65	155	155	196	85
Long-Term Debt	835	834	826	714	711	625	623
Other Long-Term Liabilities	81	80	84	76	75	233	120
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	47	47	0.00	-	-	0.43	1.74
Total Equity & Noncontrolling Interests	456	453	502	490	480	441	577
Total Preferred & Common Equity	451	447	497	485	475	436	571
Total Common Equity	451	447	497	485	475	436	571
Common Stock	625	617	655	635	625	615	595
Retained Earnings	-198	-200	-192	-176	-175	-191	-37
Accumulated Other Comprehensive Income / (Loss)	23	31	34	26	25	12	13
Noncontrolling Interest	5.13	5.09	5.38	5.29	5.13	4.76	6.21

This table displays calculated financial ratios and metrics derived from Plymouth Industrial REIT's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	29.46%	10.15%	-0.85%
EBITDA Growth	45.86%	13.41%	0.01%
EBIT Growth	304.34%	92.82%	21.86%
NOPAT Growth	300.45%	178.13%	19.77%
Net Income Growth	-11.98%	180.76%	931.12%
EPS Growth	28.72%	129.85%	1,430.00%
Operating Cash Flow Growth	24.66%	13.35%	17.34%
Free Cash Flow Firm Growth	28.91%	146.06%	50.14%
Invested Capital Growth	20.66%	-5.50%	-9.40%
Revenue Q/Q Growth	0.00%	-3.17%	0.03%
EBITDA Q/Q Growth	0.00%	-5.84%	1.36%
EBIT Q/Q Growth	0.00%	-18.89%	9.91%
NOPAT Q/Q Growth	0.00%	-18.89%	8.03%
Net Income Q/Q Growth	0.00%	1,444.41%	8,549.27%
EPS Q/Q Growth	0.00%	0.00%	10,100.00%
Operating Cash Flow Q/Q Growth	0.00%	6.83%	32.22%
Free Cash Flow Firm Q/Q Growth	-122.45%	108.00%	0.62%
Invested Capital Q/Q Growth	0.00%	-2.44%	-2.56%
Profitability Metrics	-	-	-
EBITDA Margin	59.46%	61.22%	61.75%
EBIT Margin	8.42%	14.74%	18.11%
Profit (Net Income) Margin	-9.43%	6.91%	71.87%
Tax Burden Percent	100.00%	100.00%	98.28%
Interest Burden Percent	-111.97%	46.90%	403.77%
Effective Tax Rate	0.00%	0.00%	1.72%
Return on Invested Capital (ROIC)	0.81%	2.11%	2.72%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.65%	0.35%	16.86%
Return on Net Nonoperating Assets (RNNOA)	-4.14%	0.62%	23.79%
Return on Equity (ROE)	-3.33%	2.73%	26.51%
Cash Return on Invested Capital (CROIC)	-17.92%	7.76%	12.59%
Operating Return on Assets (OROA)	1.09%	1.99%	2.55%
Return on Assets (ROA)	-1.22%	0.93%	10.13%
Return on Common Equity (ROCE)	-2.68%	2.58%	26.22%
Return on Equity Simple (ROE_SIMPLE)	-3.63%	2.86%	24.57%
Net Operating Profit after Tax (NOPAT)	11	29	35
NOPAT Margin	5.84%	14.74%	17.80%
Net Nonoperating Expense Percent (NNEP)	3.46%	1.75%	-14.14%
SG&A Expenses to Revenue	31.21%	31.31%	31.16%
Operating Expenses to Revenue	91.58%	85.26%	81.89%
Earnings before Interest and Taxes (EBIT)	15	29	36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	108	122	122
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.50	2.15	1.39
Price to Tangible Book Value (P/TBV)	1.76	2.41	1.50
Price to Revenue (P/Rev)	3.89	5.20	4.08
Price to Earnings (P/E)	0.00	118.26	5.86
Dividend Yield	5.01%	3.92%	5.39%
Earnings Yield	0.00%	0.85%	17.06%
Enterprise Value to Invested Capital (EV/IC)	1.15	1.39	1.15
Enterprise Value to Revenue (EV/Rev)	9.12	9.48	7.16
Enterprise Value to EBITDA (EV/EBITDA)	15.34	15.48	11.59
Enterprise Value to EBIT (EV/EBIT)	108.32	64.32	39.51
Enterprise Value to NOPAT (EV/NOPAT)	156.25	64.32	40.20
Enterprise Value to Operating Cash Flow (EV/OCF)	22.90	23.13	14.76
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	17.45	8.70
Leverage & Solvency	-	-	-
Debt to Equity	1.75	1.78	1.10
Long-Term Debt to Equity	1.60	1.46	1.06
Financial Leverage	1.56	1.76	1.41
Leverage Ratio	2.72	2.93	2.62
Compound Leverage Factor	-3.05	1.37	10.56
Debt to Total Capital	63.60%	64.06%	52.35%
Short-Term Debt to Total Capital	5.39%	11.44%	1.63%
Long-Term Debt to Total Capital	58.21%	52.62%	50.73%
Preferred Equity to Total Capital	0.00%	0.00%	0.10%
Noncontrolling Interests to Total Capital	3.63%	0.38%	0.51%
Common Equity to Total Capital	32.76%	35.55%	47.13%
Debt to EBITDA	8.48	7.12	5.26
Net Debt to EBITDA	8.31	6.94	4.92
Long-Term Debt to EBITDA	7.76	5.85	5.10
Debt to NOPAT	86.39	29.56	18.26
Net Debt to NOPAT	84.70	28.83	17.08
Long-Term Debt to NOPAT	79.06	24.28	17.69
Noncontrolling Interest Sharing Ratio	19.48%	5.68%	1.07%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-236	109	163
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.13	0.13	0.14
Fixed Asset Turnover	0.15	0.15	0.16
Capital & Investment Metrics	-	-	-
Invested Capital	1,438	1,359	1,231
Invested Capital Turnover	0.14	0.14	0.15
Increase / (Decrease) in Invested Capital	246	-79	-128
Enterprise Value (EV)	1,654	1,894	1,418
Market Capitalization	705	1,040	808
Book Value per Share	$11.84	$10.67	$12.77
Tangible Book Value per Share	$10.06	$9.54	$11.85
Total Capital	1,438	1,359	1,230
Total Debt	914	870	644
Total Long-Term Debt	837	715	624
Net Debt	897	849	602
Capital Expenditures (CapEx)	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	28	16	-107
Net Nonoperating Obligations (NNO)	914	870	645
Total Depreciation and Amortization (D&A)	93	93	86
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.67)	$0.20	$3.06
Adjusted Weighted Average Basic Shares Outstanding	43.03M	43.55M	44.99M
Adjusted Diluted Earnings per Share	($0.67)	$0.20	$3.06
Adjusted Weighted Average Diluted Shares Outstanding	43.03M	43.63M	45.05M
Adjusted Basic & Diluted Earnings per Share	($0.67)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	39.78M	45.38M	45.55M
Normalized Net Operating Profit after Tax (NOPAT)	11	21	35
Normalized NOPAT Margin	5.84%	10.32%	17.80%
Pre Tax Income Margin	-9.43%	6.91%	73.13%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	-233.80%	303.72%	30.60%
Augmented Payout Ratio	-233.80%	303.72%	30.60%

This table displays calculated financial ratios and metrics derived from Plymouth Industrial REIT's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	15.40%	9.39%	29.48%	-14.51%	17.93%	-0.73%	-16.55%	0.15%	-21.26%
EBITDA Growth	-38.15%	0.00%	23.59%	2.91%	46.98%	-23.28%	28.62%	6.49%	-28.22%	8.54%	-28.73%
EBIT Growth	219.40%	0.00%	45.93%	100.81%	357.77%	-214.15%	156.23%	54.52%	-51.51%	88.54%	-51.60%
NOPAT Growth	219.40%	0.00%	45.93%	100.81%	553.96%	-270.91%	266.05%	120.74%	-66.06%	88.54%	-51.60%
Net Income Growth	0.00%	0.00%	25.37%	40.99%	324.82%	365.19%	288.43%	150.42%	-247.55%	1,500.70%	11.47%
EPS Growth	0.00%	0.00%	0.00%	52.94%	189.47%	0.00%	240.00%	137.50%	-305.88%	1,442.86%	-7.14%
Operating Cash Flow Growth	192.47%	0.00%	30.19%	-2.22%	2.44%	39.15%	-10.69%	-4.95%	-26.06%	125.78%	-6.03%
Free Cash Flow Firm Growth	451.13%	26.95%	-202.69%	100.04%	-230.41%	130.91%	105.79%	40,180.00%	109.91%	68.72%	-2.65%
Invested Capital Growth	-100.00%	20.66%	0.00%	0.33%	0.00%	-5.50%	-4.66%	-5.20%	-9.29%	-9.40%	-5.33%
Revenue Q/Q Growth	4.77%	-5.52%	9.41%	1.01%	24.00%	-37.62%	50.93%	-14.97%	4.24%	-25.14%	18.67%
EBITDA Q/Q Growth	-0.58%	-14.36%	11.31%	1.46%	41.99%	-55.30%	99.72%	-16.00%	-4.28%	-32.41%	31.14%
EBIT Q/Q Growth	25.89%	-26.51%	93.60%	12.11%	186.98%	-118.33%	534.58%	-32.39%	-9.95%	-104.33%	1,934.84%
NOPAT Q/Q Growth	25.89%	-29.88%	93.60%	12.11%	309.97%	-118.33%	534.58%	-32.39%	-36.96%	-106.19%	1,934.84%
Net Income Q/Q Growth	-3.63%	23.56%	5.66%	21.04%	494.84%	-9.84%	-32.96%	-78.87%	-1,255.50%	1,078.16%	-95.33%
EPS Q/Q Growth	-11.76%	0.00%	0.00%	20.00%	312.50%	23.53%	-33.33%	-78.57%	-1,266.67%	1,025.71%	-95.99%
Operating Cash Flow Q/Q Growth	8.53%	-42.33%	39.07%	12.34%	13.70%	-21.66%	-10.74%	19.56%	-11.55%	139.21%	-62.85%
Free Cash Flow Firm Q/Q Growth	305.87%	-123.19%	-482.58%	100.01%	-653,711.43%	105.50%	9.11%	2.78%	60.86%	-6.48%	-37.05%
Invested Capital Q/Q Growth	-100.00%	0.00%	-0.85%	-0.33%	-1.98%	-2.44%	0.04%	-0.89%	-6.21%	-2.56%	4.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	61.19%	55.46%	60.39%	60.66%	69.46%	49.77%	65.87%	65.07%	59.75%	53.95%	59.62%
EBIT Margin	9.12%	7.09%	12.55%	13.93%	32.23%	-9.47%	27.26%	21.68%	18.73%	-1.08%	16.76%
Profit (Net Income) Margin	-9.68%	-7.83%	-6.75%	-5.28%	16.81%	24.29%	10.79%	2.68%	-29.72%	388.29%	15.28%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	98.37%	100.00%
Interest Burden Percent	-106.17%	-110.43%	-53.82%	-37.90%	52.14%	-256.55%	39.57%	12.37%	-158.67%	-36,416.47%	91.14%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.65%	2.32%	1.32%	9.55%	-1.35%	4.09%	3.26%	1.96%	-0.17%	2.35%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-0.05%	0.65%	0.53%	7.41%	0.11%	3.01%	2.21%	-0.63%	19.70%	2.27%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-0.09%	1.20%	1.07%	13.14%	0.19%	5.44%	4.03%	-1.14%	27.79%	3.34%
Return on Equity (ROE)	0.00%	0.57%	3.52%	2.40%	22.69%	-1.16%	9.53%	7.30%	0.82%	27.63%	5.70%
Cash Return on Invested Capital (CROIC)	200.00%	-17.92%	-198.31%	0.69%	-194.79%	7.76%	7.58%	8.44%	12.20%	12.59%	7.57%
Operating Return on Assets (OROA)	0.00%	0.92%	1.57%	1.78%	9.01%	-1.28%	3.87%	3.09%	2.50%	-0.15%	2.19%
Return on Assets (ROA)	0.00%	-1.02%	-0.84%	-0.68%	4.70%	3.28%	1.53%	0.38%	-3.96%	54.74%	2.00%
Return on Common Equity (ROCE)	0.00%	0.46%	3.15%	2.25%	22.45%	-1.10%	8.98%	6.87%	0.81%	27.33%	5.63%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-3.54%	-3.16%	0.18%	0.00%	4.84%	5.76%	0.38%	0.00%	25.06%
Net Operating Profit after Tax (NOPAT)	3.05	2.14	4.34	4.87	20	-3.66	16	11	6.77	-0.42	7.69
NOPAT Margin	6.38%	4.74%	8.78%	9.75%	32.23%	-9.47%	27.26%	21.68%	13.11%	-1.08%	16.76%
Net Nonoperating Expense Percent (NNEP)	2.12%	0.71%	1.66%	0.79%	2.14%	-1.46%	1.07%	1.05%	2.58%	-19.87%	0.09%
SG&A Expenses to Revenue	30.33%	0.00%	32.30%	31.44%	25.46%	39.23%	28.57%	27.39%	33.65%	36.56%	32.07%
Operating Expenses to Revenue	90.88%	92.91%	87.45%	86.07%	67.77%	109.47%	72.74%	78.32%	81.27%	101.08%	83.24%
Earnings before Interest and Taxes (EBIT)	4.36	3.20	6.20	6.95	20	-3.66	16	11	9.67	-0.42	7.69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	29	25	30	30	43	19	38	32	31	21	27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.50	1.90	2.12	1.79	2.15	2.08	2.04	2.35	1.39	1.30
Price to Tangible Book Value (P/TBV)	0.00	1.76	2.23	2.45	2.02	2.41	2.30	2.24	2.62	1.50	1.41
Price to Revenue (P/Rev)	0.00	3.89	4.56	4.94	4.31	5.20	4.82	4.66	5.18	4.08	4.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	118.26	52.37	40.36	1,212.71	5.86	5.40
Dividend Yield	5.58%	5.01%	4.44%	4.03%	4.46%	3.92%	4.11%	4.35%	4.18%	5.39%	5.89%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.85%	1.91%	2.48%	0.08%	17.06%	18.52%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.15	1.27	1.33	1.27	1.39	1.37	1.34	1.44	1.15	1.10
Enterprise Value to Revenue (EV/Rev)	0.00	9.12	9.61	9.87	8.56	9.48	8.90	8.70	9.21	7.16	7.62
Enterprise Value to EBITDA (EV/EBITDA)	0.00	15.34	15.66	16.33	13.59	15.48	14.19	13.64	15.12	11.59	12.72
Enterprise Value to EBIT (EV/EBIT)	0.00	108.32	104.86	91.58	48.64	64.32	47.46	42.21	55.88	39.51	51.14
Enterprise Value to NOPAT (EV/NOPAT)	0.00	156.25	149.79	130.83	48.64	64.32	47.46	42.21	55.88	40.20	51.14
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	22.90	23.59	24.93	23.04	23.13	23.25	22.97	25.10	14.76	14.89
Enterprise Value to Free Cash Flow (EV/FCFF)	0.60	0.00	0.00	192.72	0.00	17.45	17.60	15.51	11.26	8.70	14.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	1.75	1.84	1.85	1.77	1.78	1.77	1.80	1.86	1.10	1.22
Long-Term Debt to Equity	0.00	1.60	1.66	1.67	1.64	1.46	1.46	1.48	1.42	1.06	1.08
Financial Leverage	2.24	1.56	1.84	2.02	1.77	1.76	1.81	1.82	1.81	1.41	1.48
Leverage Ratio	3.46	2.72	3.00	3.20	2.94	2.93	2.96	2.98	3.15	2.62	2.66
Compound Leverage Factor	-3.67	-3.00	-1.61	-1.21	1.53	-7.52	1.17	0.37	-5.00	-952.81	2.42
Debt to Total Capital	0.00%	63.60%	64.75%	64.85%	63.95%	64.06%	63.96%	64.34%	65.04%	52.35%	55.00%
Short-Term Debt to Total Capital	0.00%	5.39%	6.14%	6.16%	4.67%	11.44%	11.43%	11.54%	15.55%	1.63%	6.57%
Long-Term Debt to Total Capital	0.00%	58.21%	58.61%	58.69%	59.28%	52.62%	52.52%	52.80%	49.49%	50.73%	48.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.10%	0.00%
Noncontrolling Interests to Total Capital	0.00%	3.63%	3.64%	3.65%	0.39%	0.38%	0.39%	0.38%	0.41%	0.51%	0.62%
Common Equity to Total Capital	0.00%	32.76%	31.61%	31.50%	35.66%	35.55%	35.66%	35.28%	34.55%	47.13%	44.38%
Debt to EBITDA	0.00	8.48	8.01	7.93	6.86	7.12	6.64	6.53	6.81	5.26	6.36
Net Debt to EBITDA	0.00	8.31	7.77	7.71	6.71	6.94	6.46	6.30	6.57	4.92	5.98
Long-Term Debt to EBITDA	0.00	7.76	7.25	7.18	6.36	5.85	5.46	5.36	5.18	5.10	5.60
Debt to NOPAT	0.00	86.39	76.57	63.56	24.54	29.56	22.22	20.19	25.17	18.26	25.57
Net Debt to NOPAT	0.00	84.70	74.31	61.77	24.01	28.83	21.60	19.48	24.29	17.08	24.02
Long-Term Debt to NOPAT	0.00	79.06	69.31	57.52	22.74	24.28	18.24	16.57	19.15	17.69	22.51
Noncontrolling Interest Sharing Ratio	1.46%	19.48%	10.34%	6.09%	1.07%	5.68%	5.77%	5.82%	1.12%	1.07%	1.24%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,053	-244	-1,421	0.21	-1,373	75	82	85	136	127	80
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.13	0.12	0.13	0.28	0.13	0.14	0.14	0.13	0.14	0.13
Fixed Asset Turnover	0.00	0.15	0.14	0.14	0.00	0.15	0.16	0.16	0.16	0.16	0.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	1,438	1,425	1,421	1,393	1,359	1,359	1,347	1,263	1,231	1,287
Invested Capital Turnover	0.00	0.14	0.26	0.14	0.30	0.14	0.15	0.15	0.15	0.15	0.14
Increase / (Decrease) in Invested Capital	-1,049	246	1,425	4.66	1,393	-79	-66	-74	-129	-128	-72
Enterprise Value (EV)	626	1,654	1,806	1,897	1,766	1,894	1,857	1,811	1,824	1,418	1,415
Market Capitalization	626	705	858	949	889	1,040	1,007	970	1,026	808	742
Book Value per Share	$0.00	$11.84	$10.47	$10.40	$11.22	$10.67	$10.78	$10.47	$9.61	$12.77	$12.54
Tangible Book Value per Share	$0.00	$10.06	$8.93	$9.00	$9.95	$9.54	$9.75	$9.54	$8.64	$11.85	$11.55
Total Capital	0.00	1,438	1,425	1,421	1,393	1,359	1,359	1,347	1,263	1,230	1,287
Total Debt	0.00	914	923	921	891	870	869	867	822	644	708
Total Long-Term Debt	0.00	837	835	834	826	715	714	711	625	624	623
Net Debt	0.00	897	896	895	871	849	845	836	793	602	665
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	7.68	5.67	7.68	7.50	9.55	-13	9.60	9.41	22	-151	0.68
Net Nonoperating Obligations (NNO)	0.00	914	923	921	891	870	869	867	822	645	708
Total Depreciation and Amortization (D&A)	25	22	24	23	23	23	22	21	21	21	20
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.10)	($0.10)	($0.08)	$0.17	$0.21	$0.14	$0.03	($0.35)	$3.24	$0.13
Adjusted Weighted Average Basic Shares Outstanding	0.00	39.78M	42.60M	42.65M	44.06M	43.55M	44.94M	44.99M	45.01M	44.99M	45.09M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.08)	$0.17	$0.21	$0.14	$0.03	($0.35)	$3.24	$0.13
Adjusted Weighted Average Diluted Shares Outstanding	0.00	39.78M	43.03M	42.65M	44.14M	43.63M	44.97M	45.03M	45.01M	45.05M	45.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	39.78M	43.03M	44.25M	45.25M	45.38M	45.38M	45.40M	45.39M	45.55M	45.55M
Normalized Net Operating Profit after Tax (NOPAT)	3.05	2.14	4.34	4.87	14	-2.56	11	7.52	6.77	-0.29	5.38
Normalized NOPAT Margin	6.38%	4.74%	8.78%	9.75%	22.56%	-6.63%	19.09%	15.18%	13.11%	-0.76%	11.73%
Pre Tax Income Margin	-9.68%	-7.83%	-6.75%	-5.28%	16.81%	24.29%	10.79%	2.68%	-29.72%	394.73%	15.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-233.80%	-257.38%	-296.14%	4,708.50%	303.72%	178.30%	153.62%	2,588.46%	30.60%	31.38%
Augmented Payout Ratio	0.00%	-233.80%	-257.38%	-296.14%	4,708.50%	303.72%	178.30%	153.62%	2,588.46%	30.60%	31.38%

Frequently Asked Questions About Plymouth Industrial REIT's Financials

When does Plymouth Industrial REIT's fiscal year end?

According to the most recent income statement we have on file, Plymouth Industrial REIT's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Plymouth Industrial REIT's net income changed over the last 2 years?

Plymouth Industrial REIT's net income appears to be on an upward trend, with a most recent value of $142.37 million in 2024, falling from -$17.10 million in 2022. The previous period was $13.81 million in 2023. See Plymouth Industrial REIT's forecast for analyst expectations on what’s next for the company.

How has Plymouth Industrial REIT revenue changed over the last 2 years?

Over the last 2 years, Plymouth Industrial REIT's total revenue changed from $181.36 million in 2022 to $198.09 million in 2024, a change of 9.2%.

How much debt does Plymouth Industrial REIT have?

Plymouth Industrial REIT's total liabilities were at $781.30 million at the end of 2024, a 18.1% decrease from 2023, and a 21.7% decrease since 2022.

How much cash does Plymouth Industrial REIT have?

In the past 2 years, Plymouth Industrial REIT's cash and equivalents has ranged from $11.00 million in 2022 to $17.55 million in 2024, and is currently $17.55 million as of their latest financial filing in 2024.

How has Plymouth Industrial REIT's book value per share changed over the last 2 years?

Over the last 2 years, Plymouth Industrial REIT's book value per share changed from 11.84 in 2022 to 12.77 in 2024, a change of 7.8%.

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This page (NYSE:PLYM) was last updated on 6/10/2025 by MarketBeat.com Staff

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Plymouth Industrial REIT (PLYM) Financials

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Plymouth Industrial REIT (PLYM) Financials

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