PLYM / Plymouth: Industrial Growth Without The Industrial Multiple

Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Tripp Sullivan - SCR Jef more_horizontal

Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.46 per share, in line with the Zacks Consensus Estimate. This com more_horizontal

Plymouth Industrial is a small cap industrial REIT with properties in submarkets that have low supply growth and high demand. The combination of low v more_horizontal

Plymouth (PLYM) drives success with strong leasing activity, an increase in rental rates and high occupancy. more_horizontal

The Fed's hawkish rhetoric suggests fewer rate cuts in 2024 and a possible rate hike in 2023, leading to a sell-off in REITs. However, historical data more_horizontal

Plymouth's (PLYM) recent sale of a Chicago industrial building is a strategic step toward optimizing its portfolio. more_horizontal

Despite recent outperformance, shares in Plymouth Industrial still trade at a forward multiple that is well below its peers in the industrial sector. more_horizontal

Real estate investors saw rents soar for apartments and industrial/logistics space before cooling down. Plymouth Industrial REIT is trading at a sub-s more_horizontal