PLYM (Plymouth Industrial REIT) Scaled Net Operating Assets: 0.87 (As of Sep. 2025)


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 Scaled Net Operating Assets?

Plymouth Industrial REIT PLYM 54 Scaled Net Operating Assets is 0.87 as of Sep. 2025. 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.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Plymouth Industrial REIT's operating assets for the quarter that ended in Sep. 2025 was $1,554.7 Mil. Plymouth Industrial REIT's operating liabilities for the quarter that ended in Sep. 2025 was $171.3 Mil. Plymouth Industrial REIT's Total Assets for the quarter that ended in Jun. 2025 was $1,583.7 Mil. Therefore, Plymouth Industrial REIT's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.87.


Plymouth Industrial REIT Scaled Net Operating Assets Historical Data

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The historical data trend for Plymouth Industrial REIT's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Plymouth Industrial REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.23 1.27 1.12 0.89 0.84

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
Scaled Net Operating Assets 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 0.88 0.81 0.93 1.03 0.87

PLYM vs IIPR, ILPT, MDV: Scaled Net Operating Assets Comparison

For the REIT - Industrial subindustry, Plymouth Industrial REIT's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Plymouth Industrial REIT's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Plymouth Industrial REIT's Scaled Net Operating Assets falls into.


PLYM
54GF Score
Plymouth Industrial REIT Inc PLYM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Plymouth Industrial REIT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Plymouth Industrial REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(1350.872-135.281)/1441.899
=0.84

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1368.418 - 17.546
=1350.872

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=781.299 - 626.018 - 20
=135.281

Plymouth Industrial REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Jun. 2025 )
=(1554.653-171.273)/1583.742
=0.87

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1570.477 - 15.824
=1554.653

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1017.502 - 624.329 - 221.9
=171.273

* 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.

What does a Scaled Net Operating Assets of 0.87 mean?
Plymouth Industrial REIT (PLYM) has a Scaled Net Operating Assets of 0.87 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Plymouth Industrial REIT and its competitors.
Is Plymouth Industrial REIT's Scaled Net Operating Assets too high?
Plymouth Industrial REIT's current Scaled Net Operating Assets is 0.87. 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 Scaled Net Operating Assets compare to IIPR and ILPT?
Plymouth Industrial REIT's Scaled Net Operating Assets of 0.87 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Plymouth Industrial REIT and its competitors. Plymouth Industrial REIT's current Scaled Net Operating Assets is 0.87. 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 Scaled Net Operating Assets of 0.87. 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 Scaled Net Operating Assets is 0.87. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Plymouth Industrial REIT (PLYM), the current Scaled Net Operating Assets is 0.87 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:

  • Scaled Net Operating Assets: 0.87
  • GF Value™: $20.52 vs. price of $21.98 (7.1% above fair value)
  • GF Score™: 54/100 with 11 warning signs

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

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.98
Price
$20.52
GF Value