PLYM (Plymouth Industrial REIT) Debt-to-Equity: 1.80 (As of Sep. 2025) — Near Median

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PLYM Plymouth Industrial REIT Inc PLYM
54 GF Score
Price $21.98
GF Value $20.52
! 11 Warning Signs
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What is Plymouth Industrial REIT Debt-to-Equity?

Plymouth Industrial REIT PLYM 54 Debt-to-Equity is 1.80 as of Sep. 2025, which is 1% above its 10-year median of 1.78. GuruFocus rates PLYM with a GF Score™ of 54/100 and a GF Value™ of $20.52. The stock has 11 warning signs investors should review.

Plymouth Industrial REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was $221.9 Mil. Plymouth Industrial REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was $624.3 Mil. Plymouth Industrial REIT's Total Stockholders Equity for the quarter that ended in Sep. 2025 was $470.1 Mil. Plymouth Industrial REIT's debt to equity for the quarter that ended in Sep. 2025 was 1.80.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Plymouth Industrial REIT's Debt-to-Equity or its related term are showing as below:

PLYM' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.22   Med: 1.78   Max: 16.14
Current: 1.8

During the past 13 years, the highest Debt-to-Equity Ratio of Plymouth Industrial REIT was 16.14. The lowest was -3.22. And the median was 1.78.

PLYM's Debt-to-Equity is not ranked
in the REITs industry.
Industry Median: 0.78 vs PLYM: 1.80

Plymouth Industrial REIT  (NYSE:PLYM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Plymouth Industrial REIT Debt-to-Equity Related Terms


Plymouth Industrial REIT Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Plymouth Industrial REIT's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Plymouth Industrial REIT Debt-to-Equity Chart

Plymouth Industrial REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.56 1.38 1.77 1.81 1.12

Plymouth Industrial REIT Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.89 1.12 1.24 1.56 1.80

PLYM vs IIPR, ILPT, MDV: Debt-to-Equity Comparison

For the REIT - Industrial subindustry, Plymouth Industrial REIT's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Plymouth Industrial REIT Debt-to-Equity vs REITs Industry

For the REITs industry and Real Estate sector, Plymouth Industrial REIT's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Plymouth Industrial REIT's Debt-to-Equity falls into.


PLYM
54GF Score
Plymouth Industrial REIT Inc PLYM
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Plymouth Industrial REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Plymouth Industrial REIT's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Plymouth Industrial REIT's Debt to Equity Ratio for the quarter that ended in Sep. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.80 mean?
Plymouth Industrial REIT (PLYM) has a Debt-to-Equity of 1.80 as of Sep. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Plymouth Industrial REIT and its competitors. This is near median its historical median of 1.78.
Is Plymouth Industrial REIT's Debt-to-Equity too high?
Plymouth Industrial REIT's current Debt-to-Equity of 1.80 is near median its 10-year median of 1.78. The REITs industry median Debt-to-Equity is 0.78. Plymouth Industrial REIT's value of 1.80 is 130.8% above this industry median. Overall, Plymouth Industrial REIT has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Plymouth Industrial REIT's Debt-to-Equity compare to IIPR and ILPT?
Plymouth Industrial REIT's Debt-to-Equity of 1.80 can be compared against companies in the REITs industry. The industry median Debt-to-Equity is 0.78. Plymouth Industrial REIT's value of 1.80 is 130.8% above this benchmark. While the company's 10-year median is 1.78 vs. the industry median of 0.78, Plymouth Industrial REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 689 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plymouth Industrial REIT's current Debt-to-Equity of 1.80 is 130.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Plymouth Industrial REIT and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plymouth Industrial REIT's current Debt-to-Equity is 1.80, which is near median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plymouth Industrial REIT stock overvalued right now?
Plymouth Industrial REIT (PLYM) has a current Debt-to-Equity of 1.80. The stock's GF Value™ is $20.52, compared to a current price of $21.98 — trading 7.1% above its estimated fair value. The current Debt-to-Equity is 1.80, which is near median its 10-year median of 1.78 and 130.8% above the REITs industry median of 0.78. Plymouth Industrial REIT's overall GF Score™ is 54/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Plymouth Industrial REIT (PLYM), the current Debt-to-Equity is 1.80 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Plymouth Industrial REIT (PLYM) Overvalued in 2026?

Based on GuruFocus' analysis, Plymouth Industrial REIT stock appears to be overvalued. The current stock price of $21.98 is trading 7.1% above its estimated GF Value™ of $20.52.

Key valuation signals for PLYM:

  • Debt-to-Equity: 1.80 (near median its 10-year median of 1.78)
  • GF Value™: $20.52 vs. price of $21.98 (7.1% above fair value)
  • GF Score™: 54/100 with 11 warning signs
  • Industry Position: 130.8% above the REITs median

No single metric tells the full story. See the PLYM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Plymouth Industrial REIT Business Description

Industry Real EstateREITs
Address 20 Custom House Street, 11th Floor, Boston, MA, USA, 02110
Plymouth Industrial REIT Inc is a full-service, vertically integrated, self-administered, and self-managed Maryland corporation. It is focused on the acquisition, ownership, and management of single and multi-tenant Class B industrial properties, including distribution centers, warehouses, and light industrial properties, located in secondary and primary markets across the United States. The company has one reportable segment, which is Industrial properties. The majority of its property portfolio is spread across Florida, Ohio, Indiana, Tennessee, Illinois and Georgia, among others. It receives income from the rental revenue through its properties.
54GF Score

Get the complete analysis for PLYM

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.98
Price
$20.52
GF Value