Plymouth Industrial REITNYSE: PLYM

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Plymouth Industrial (PLYM) and National Health Investors (NHI). But which of these two companies is the best option for those looking for undervalued stocks?

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Plymouth Industrial (PLYM) and National Health Investors (NHI). But which of these two companies is the best option for those looking for undervalued stocks?

PLYM drives success with healthy leasing activity and an increase in rental rates.

PLYM announces an agreement with Sixth Street for an investment of $250 million to enhance earnings growth and expand the platform.

Highlights: The transaction provides Plymouth with approximately $500 million of capital to pursue acquisitions Sixth Street intends to be a strategic partner in pursuing additional joint venture opportunities with Plymouth in both new and existing industrial markets Sixth Street to provide a total of $250 million of capital in the form of a 65% joint venture ownership of Plymouth's Chicago portfolio and a non-convertible preferred equity investment into the Operating Partnership Plymouth will contribute its Chicago-area properties to the joint venture with Sixth Street at a 6.2% capitalization rate for a total gross asset value of approximately $356 million and will retain 35% ownership of the approximately 5.9 million-square-foot portfolio The transaction is leverage-neutral with overall leverage expected to decline sequentially in the fourth quarter after closing of the joint venture and remain in line with Plymouth's stated leverage targets for 2024 Plymouth affirmed its previously issued 2024 Core FFO full year guidance range of $1.88 to $1.90 per share provided on August 1, 2024 BOSTON, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced a strategic agreement with Sixth Street, a leading global investment firm, for significant, long-term growth capital to accelerate earnings growth and scale the platform in key industrial markets. The $250 million strategic investment from Sixth Street enables Plymouth to fund additional growth on a leverage-neutral basis without exclusive reliance on the public equity markets.

Individual stock investing can be highly rewarding, so long as one is willing to do the legwork of finding quality stocks at a discount. Plymouth Industrial is an under-the-radar REIT with strong fundamentals, including rent growth and high occupancy. PLYM offers a well-covered dividend, growth potential, and favorable valuation compared to peers.

Plymouth Industrial REIT, Inc. (NYSE:PLYM ) Q2 2024 Results Conference Call August 1, 2024 9:00 AM ET Company Participants Tripp Sullivan - SCR Partners LLC Jeff Witherell - Chairman and Chief Executive Officer Jim Connolly - Executive Vice President, Asset Management Conference Call Participants Todd Thomas - KeyBanc Capital Markets Rich Anderson - Wedbush Nick Thillman - Baird Brian Maher - B. Riley Mitchell Germain - Citizens JMP Nikita Bely - JPMorgan Anthony Hau - Truist Brendon Lynch - Barclays Steven Domanski - Janney Operator Good day, and welcome to the Plymouth Industrial REIT Second Quarter 2024 Earnings Call.

Plymouth Industrial (PLYM) came out with quarterly funds from operations (FFO) of $0.48 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to FFO of $0.46 per share a year ago.

Plymouth (PLYM) drives success with strong leasing activity, an increase in rental rates and high occupancy.