Plymouth Industrial is a fast-growing REIT in the right business line, industrial properties, but has just cut its dividend from $1.50 per year to 80 cents and has some opaque finances with regard to its Series B preferred stock. While its price per funds from operations looks enticing, it has badly under-performed other REITs in a similar business. These factors trigger a number of sell signals or, at least, a demand for a closer look.
Source: Seeking Alpha
I purposely avoided making a comparison to a flagship REIT such as Prologis, which would have shown