Professional
Added to YB: 2025-08-26
Pitch date: 2025-08-22
PLYM [neutral]
Plymouth Industrial REIT, Inc.
+5.66%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
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.
Market Cap
$979.2M
Pitch Price
$20.80
Price Target
20.10 (-9%)
Dividend
4.37%
EV/EBITDA
21.43
P/E
10.80
EV/Sales
11.54
Sector
Industrial REITs
Category
special_situation
Interesting merger arb developing in $PLYM
PLYM (overview): Sixth Street's $20.10/share cash offer (~13x FFO, 47% premium) creates 16.5% arb spread, 30% downside. Management owns little stock despite underperformance, but top 4 shareholders (40% stake) dissatisfied. Sixth Street went public after management didn't engage, using shareholder pressure to push deal acceptance.
Read full article (1 min)