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Plymouth Industrial (NYSE:PLYM) is a real estate investment trust ("REIT") that is up over 15% on the month but still down 35% YTD.
Coming off their most recent earnings release, the company remains well positioned to
Plymouth Industrial: A Value REIT In The Industrials Sector
Summary
- Plymouth Industrial is a smaller REIT in the Industrials sector that has a strong presence in "The Golden Triangle" region of the U.S, an area with critical strategic value.
- The company's portfolio is 97.3% occupied with a nearly 100% collection rate from a diverse group of reliable tenants, one of which includes the FedEx Corporation.
- Recent earnings touted strong rental growth rates, with cash re-leasing spreads at over 20%.
- Shares are currently trading at a discount to related peers and are down 35% YTD.
- For REIT investors seeking a bargain in the Industrials sector, PLYM offers a compelling case for material upside.
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