PLYM - Plymouth Industrial: An Interesting Industrial REIT

2024-05-24 16:31:00 ET

Summary

• Plymouth Industrial REIT, Inc. is a smaller industrial and logistics REIT which shows rapid growth, financed by shareholder dilution.
• The company owns 156 properties in the Golden Triangle, occupied at 97%, mostly with triple net leases.
• While growth is impressive, per share value creation has been modest, making me a bit reserved here about Plymouth Industrial REIT, Inc.

Plymouth Industrial REIT, Inc. ( PLYM ) is an under-covered and somewhat smaller industrial and logistics real estate investment trust, or REIT. The company has seen rapid growth, financed by continued share price dilution, as results on a per-share basis have been quite mixed....

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