PLYM (Plymouth Industrial REIT) Interest Coverage: 0.89 (As of Sep. 2025) — 85% Above Median


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 Interest Coverage?

Plymouth Industrial REIT PLYM 54 Interest Coverage is 0.89 as of Sep. 2025, which is 85% above its 10-year median of 0.48. 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.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Plymouth Industrial REIT's Operating Income for the three months ended in Sep. 2025 was $8.4 Mil. Plymouth Industrial REIT's Interest Expense for the three months ended in Sep. 2025 was $-9.4 Mil. Plymouth Industrial REIT's interest coverage for the quarter that ended in Sep. 2025 was 0.89. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Plymouth Industrial REIT Inc interest coverage is 1.06, which is low.

The historical rank and industry rank for Plymouth Industrial REIT's Interest Coverage or its related term are showing as below:

PLYM' s Interest Coverage Range Over the Past 10 Years
Min: 0.23   Med: 0.48   Max: 1.06
Current: 1.06


PLYM's Interest Coverage is not ranked
in the REITs industry.
Industry Median: 3.12 vs PLYM: 1.06

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Plymouth Industrial REIT  (NYSE:PLYM) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Plymouth Industrial REIT Interest Coverage Related Terms


Plymouth Industrial REIT Interest Coverage Historical Data

* Premium members only.

The historical data trend for Plymouth Industrial REIT's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Plymouth Industrial REIT Interest Coverage Chart

Plymouth Industrial REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 0.47 0.49 0.82 0.97

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
Interest Coverage 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 0.96 1.14 1.08 1.18 0.89

PLYM vs IIPR, ILPT, MDV: Interest Coverage Comparison

For the REIT - Industrial subindustry, Plymouth Industrial REIT's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry

For the REITs industry and Real Estate sector, Plymouth Industrial REIT's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Plymouth Industrial REIT's Interest Coverage falls into.


PLYM
54GF Score
Plymouth Industrial REIT Inc PLYM
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Plymouth Industrial REIT Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Plymouth Industrial REIT's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Plymouth Industrial REIT's Interest Expense was $-37.2 Mil. Its Operating Income was $36.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $626.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*36.144/-37.151
=0.97

Plymouth Industrial REIT's Interest Coverage for the quarter that ended in Sep. 2025 is calculated as

Here, for the three months ended in Sep. 2025, Plymouth Industrial REIT's Interest Expense was $-9.4 Mil. Its Operating Income was $8.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $624.3 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2025 )/Interest Expense (Q: Sep. 2025 )
=-1*8.413/-9.438
=0.89

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0.89 mean?
Plymouth Industrial REIT (PLYM) has a Interest Coverage of 0.89 as of Sep. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Plymouth Industrial REIT and its competitors. This is 85% above median its historical median of 0.48. Over the past decade, Plymouth Industrial REIT's Interest Coverage has ranged from 0.23 to 1.06.
Is Plymouth Industrial REIT's Interest Coverage too high?
Plymouth Industrial REIT's current Interest Coverage of 0.89 is 85% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.06. The REITs industry median Interest Coverage is 3.12. Plymouth Industrial REIT's value of 0.89 is 71.5% below 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 Interest Coverage compare to IIPR and ILPT?
Plymouth Industrial REIT's Interest Coverage of 0.89 can be compared against companies in the REITs industry. The industry median Interest Coverage is 3.12. Plymouth Industrial REIT's value of 0.89 is 71.5% below this benchmark. Historically, Plymouth Industrial REIT's own Interest Coverage has ranged from 0.23 to 1.06 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 3.12, Plymouth Industrial REIT has consistently been below 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plymouth Industrial REIT's current Interest Coverage of 0.89 is 71.5% below 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Plymouth Industrial REIT and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plymouth Industrial REIT's current Interest Coverage is 0.89, which is 85% above median its own 10-year median of 0.48. 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 Interest Coverage of 0.89. 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 Interest Coverage is 0.89, which is 85% above median its 10-year median of 0.48 and 71.5% below the REITs industry median of 3.12. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Plymouth Industrial REIT (PLYM), the current Interest Coverage is 0.89 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:

  • Interest Coverage: 0.89 (85% above median its 10-year median of 0.48)
  • GF Value™: $20.52 vs. price of $21.98 (7.1% above fair value)
  • GF Score™: 54/100 with 11 warning signs
  • Industry Position: 71.5% below 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

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

$21.98
Price
$20.52
GF Value