Plymouth Industrial REIT, Inc. — Cyborg Score 5/10
Mixed
Real Estate Investment Trust (Industrial Properties)
Strategic Profile
The company seeks to acquire properties that provide income and growth by leveraging real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment. Its mission is to provide tenants with cost-effective space that is functional, flexible and safe.
Cyborg Score Rationale
In 2024, Plymouth Industrial REIT's revenue was $193.21 million, down 3.32% from the prior year, reflecting challenging market conditions. According to 7 analysts, the average rating is "Hold" with a 12-month price target of $21.5. As of January 27, 2026, the company is a subsidiary of Makarora Management LP and Ares Alternative Credit, following a merger completion.
Top Insights
Portfolio consists of 148 industrial properties across 226 buildings totaling 32.1M square feet as of Q3 2025
Revenue declined 3.32% to $193.21M in 2024, indicating market pressure
Acquisition by Makarora Management LP and Ares Alternative Credit completed in January 2026
Portfolio concentrated in key industrial corridors including Ohio (Columbus, Cincinnati, Cleveland), Atlanta, and other logistics hubs
Named Competitors
First Industrial Realty Trust — Large-cap industrial REIT with national portfolio
EastGroup Properties — Industrial real estate focused on Sunbelt and mid-South regions
Rexford Industrial Realty — Industrial REIT with focus on logistics-driven properties
Recent Developments
(January 2026) Merger with Ares Alternative Credit and Makarora Management LP completed; company became subsidiary
(January 2026) Announced tax treatment of 2025 dividends to common stockholders
(October 2025) Entered definitive merger agreement with acquisition sponsors
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