Plymouth Industrial REIT Inc (PLYM) - Net Assets
Based on the latest financial reports, Plymouth Industrial REIT Inc (PLYM) has net assets worth $552.98 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.57 Billion) and total liabilities ($1.02 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Plymouth Industrial REIT Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $552.98 Million |
| % of Total Assets | 35.21% |
| Annual Growth Rate | 75.14% |
| 5-Year Change | 73.08% |
| 10-Year Change | N/A |
| Growth Volatility | 158.76 |
Plymouth Industrial REIT Inc - Net Assets Trend (2011–2024)
This chart illustrates how Plymouth Industrial REIT Inc's net assets have evolved over time, based on quarterly financial data. Also explore Plymouth Industrial REIT Inc total assets for the complete picture of this company's asset base.
Annual Net Assets for Plymouth Industrial REIT Inc (2011–2024)
The table below shows the annual net assets of Plymouth Industrial REIT Inc from 2011 to 2024. For live valuation and market cap data, see Plymouth Industrial REIT Inc (PLYM) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $587.12 Million | +20.25% |
| 2023-12-31 | $488.24 Million | -6.69% |
| 2022-12-31 | $523.23 Million | +3.92% |
| 2021-12-31 | $503.51 Million | +48.43% |
| 2020-12-31 | $339.22 Million | +39.35% |
| 2019-12-31 | $243.43 Million | +96.44% |
| 2018-12-31 | $123.92 Million | +106.05% |
| 2017-12-31 | $60.14 Million | +260.05% |
| 2016-12-31 | $-37.58 Million | +38.44% |
| 2015-12-31 | $-61.04 Million | -393.28% |
| 2014-12-31 | $-12.37 Million | -349.56% |
| 2013-12-31 | $4.96 Million | +251.24% |
| 2012-12-31 | $1.41 Million | +251.05% |
| 2011-12-31 | $402.14K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Plymouth Industrial REIT Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4043277.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $454.00K | 0.08% |
| Other Comprehensive Income | $17.52 Million | 2.98% |
| Other Components | $612.41 Million | 104.31% |
| Total Equity | $587.12 Million | 100.00% |
Plymouth Industrial REIT Inc Competitors by Market Cap
The table below lists competitors of Plymouth Industrial REIT Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Leshan Electric Power Co Ltd
SHG:600644
|
$979.98 Million |
|
PixArt Imaging
TWO:3227
|
$980.14 Million |
|
ProFrac Holding Corp.
NASDAQ:ACDC
|
$980.32 Million |
|
Ziel Home Furnishing Technology Co. Ltd. A
SHE:301376
|
$980.58 Million |
|
Bichamp Cutting Technology Hunan Co Ltd
SHE:002843
|
$979.13 Million |
|
Thungela Resources Limited
JSE:TGA
|
$978.68 Million |
|
Douglas Dynamics Inc
NYSE:PLOW
|
$978.32 Million |
|
Mission Produce Inc
NASDAQ:AVO
|
$978.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Plymouth Industrial REIT Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 488,242,000 to 587,119,000, a change of 98,877,000 (20.3%).
- Net income of 139,344,000 contributed positively to equity growth.
- Dividend payments of 43,570,000 reduced retained earnings.
- Share repurchases of 540,000 reduced equity.
- Other comprehensive income decreased equity by 2,716,000.
- Other factors increased equity by 6,359,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $139.34 Million | +23.73% |
| Dividends Paid | $43.57 Million | -7.42% |
| Share Repurchases | $540.00K | -0.09% |
| Other Comprehensive Income | $-2.72 Million | -0.46% |
| Other Changes | $6.36 Million | +1.08% |
| Total Change | $- | 20.25% |
Book Value vs Market Value Analysis
This analysis compares Plymouth Industrial REIT Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.69x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 56.47x to 1.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $0.39 | $21.98 | x |
| 2013-12-31 | $1.37 | $21.98 | x |
| 2014-12-31 | $-3.41 | $21.98 | x |
| 2015-12-31 | $-16.83 | $21.98 | x |
| 2016-12-31 | $-10.36 | $21.98 | x |
| 2017-12-31 | $27.97 | $21.98 | x |
| 2018-12-31 | $25.70 | $21.98 | x |
| 2019-12-31 | $28.63 | $21.98 | x |
| 2020-12-31 | $18.45 | $21.98 | x |
| 2021-12-31 | $16.29 | $21.98 | x |
| 2022-12-31 | $13.15 | $21.98 | x |
| 2023-12-31 | $11.19 | $21.98 | x |
| 2024-12-31 | $13.03 | $21.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Plymouth Industrial REIT Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 70.25%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 2.33x
- Recent ROE (23.73%) is above the historical average (-18.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -153.48% | 0.00% | -0.05x | 1.31x | $-2.31 Million |
| 2013 | -70.03% | 0.00% | -0.11x | 1.05x | $-3.97 Million |
| 2014 | 0.00% | -691.78% | 0.02x | 0.00x | $-17.19 Million |
| 2015 | 0.00% | -252.28% | 0.13x | 0.00x | $-42.56 Million |
| 2016 | 0.00% | -188.15% | 0.13x | 0.00x | $-33.23 Million |
| 2017 | -14.48% | -35.08% | 0.08x | 5.49x | $-14.72 Million |
| 2018 | -15.10% | -38.03% | 0.10x | 3.79x | $-31.11 Million |
| 2019 | -4.28% | -13.84% | 0.11x | 2.82x | $-34.76 Million |
| 2020 | -9.83% | -30.34% | 0.12x | 2.71x | $-67.25 Million |
| 2021 | -2.98% | -10.67% | 0.11x | 2.52x | $-65.36 Million |
| 2022 | -3.23% | -9.20% | 0.12x | 2.91x | $-69.21 Million |
| 2023 | 2.80% | 6.84% | 0.14x | 2.95x | $-35.16 Million |
| 2024 | 23.73% | 70.25% | 0.14x | 2.33x | $80.63 Million |
Industry Comparison
This section compares Plymouth Industrial REIT Inc's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $1,464,338,682
- Average return on equity (ROE) among peers: 3.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Plymouth Industrial REIT Inc (PLYM) | $552.98 Million | -153.48% | 1.84x | $979.23 Million |
| Americold Realty Trust (COLD) | $185.87 Million | -0.33% | 11.88x | $3.44 Billion |
| CubeSmart (CUBE) | $1.04 Billion | 0.18% | 1.07x | $9.12 Billion |
| EastGroup Properties Inc (EGP) | $358.24 Million | 6.59% | 0.96x | $10.01 Billion |
| Extra Space Storage Inc (EXR) | $2.94 Billion | 16.41% | 2.20x | $29.99 Billion |
| First Industrial Realty Trust Inc (FR) | $1.07 Billion | -0.69% | 1.49x | $7.81 Billion |
| Innovative Industrial Properties Inc (IIPR) | $1.96 Billion | 7.87% | 0.23x | $1.43 Billion |
| Industrial Logistics Properties Trust (ILPT) | $1.04 Billion | 11.53% | 0.84x | $375.26 Million |
| Lineage, Inc. Common Stock (LINE) | $4.54 Billion | -9.94% | 2.61x | $8.46 Billion |
| LXP Industrial Trust (LXP) | $1.51 Billion | 6.17% | 1.50x | $2.82 Billion |
| Modiv Inc (MDV) | $194.81K | -4.76% | 0.03x | $152.69 Million |
About Plymouth Industrial REIT Inc
Plymouth Industrial REIT, Inc., is structured as an umbrella partnership REIT, commonly called an UPREIT, and owns substantially all its assets and conducts substantially all of its business through its operating partnership, Plymouth Industrial Operating Partnership, L.P., a Delaware limited partnership (the Operating Partnership). The Company, as general partner of the Operating Partnership, co… Read more