Professional
Added to YB: 2025-08-26
Pitch date: 2025-08-22
PLYM [neutral]
Plymouth Industrial REIT, Inc.
+5.08%
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. (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties.
Market Cap
$993.9M
Pitch Price
$20.80
Price Target
20.10 (-8%)
Dividend
4.30%
EV/EBITDA
21.59
P/E
10.96
EV/Sales
11.63
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)