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Side-by-side financial comparison of Plymouth Industrial REIT, Inc. (PLYM) and Veris Residential, Inc. (VRE). Click either name above to swap in a different company.

Veris Residential, Inc. is the larger business by last-quarter revenue ($70.1M vs $51.2M, roughly 1.4× Plymouth Industrial REIT, Inc.). Veris Residential, Inc. runs the higher net margin — -20.0% vs -106.3%, a 86.3% gap on every dollar of revenue. On growth, Veris Residential, Inc. posted the faster year-over-year revenue change (3.5% vs -1.4%). Over the past eight quarters, Veris Residential, Inc.'s revenue compounded faster (1.9% CAGR vs 0.4%).

Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.

Veris Residential, Inc. is an American real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in apartments in New Jersey and Boston.

PLYM vs VRE — Head-to-Head

Bigger by revenue
VRE
VRE
1.4× larger
VRE
$70.1M
$51.2M
PLYM
Growing faster (revenue YoY)
VRE
VRE
+4.8% gap
VRE
3.5%
-1.4%
PLYM
Higher net margin
VRE
VRE
86.3% more per $
VRE
-20.0%
-106.3%
PLYM
Faster 2-yr revenue CAGR
VRE
VRE
Annualised
VRE
1.9%
0.4%
PLYM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
PLYM
PLYM
VRE
VRE
Revenue
$51.2M
$70.1M
Net Profit
$-54.4M
$-14.0M
Gross Margin
95.9%
Operating Margin
-102.5%
-22.2%
Net Margin
-106.3%
-20.0%
Revenue YoY
-1.4%
3.5%
Net Profit YoY
-248.5%
-30.9%
EPS (diluted)
$-1.23
$-0.15

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PLYM
PLYM
VRE
VRE
Q1 26
$70.1M
Q4 25
$71.3M
Q3 25
$51.2M
$73.4M
Q2 25
$47.2M
$75.9M
Q1 25
$45.6M
$67.8M
Q4 24
$47.6M
$68.1M
Q3 24
$51.9M
$68.2M
Q2 24
$48.7M
$67.5M
Net Profit
PLYM
PLYM
VRE
VRE
Q1 26
$-14.0M
Q4 25
$-203.0K
Q3 25
$-54.4M
$75.2M
Q2 25
$-6.1M
$10.9M
Q1 25
$5.8M
$-10.7M
Q4 24
$147.4M
$-12.4M
Q3 24
$-15.6M
$-9.7M
Q2 24
$1.3M
$2.9M
Gross Margin
PLYM
PLYM
VRE
VRE
Q1 26
95.9%
Q4 25
97.2%
Q3 25
96.8%
Q2 25
97.2%
Q1 25
95.9%
Q4 24
97.1%
Q3 24
96.9%
Q2 24
97.3%
Operating Margin
PLYM
PLYM
VRE
VRE
Q1 26
-22.2%
Q4 25
-0.9%
Q3 25
-102.5%
Q2 25
-10.3%
15.8%
Q1 25
-20.4%
Q4 24
-21.9%
Q3 24
-29.6%
-16.2%
Q2 24
2.7%
2.2%
Net Margin
PLYM
PLYM
VRE
VRE
Q1 26
-20.0%
Q4 25
-0.3%
Q3 25
-106.3%
102.4%
Q2 25
-12.9%
14.4%
Q1 25
12.8%
-15.8%
Q4 24
309.9%
-18.3%
Q3 24
-30.1%
-14.2%
Q2 24
2.7%
4.3%
EPS (diluted)
PLYM
PLYM
VRE
VRE
Q1 26
$-0.15
Q4 25
$0.00
Q3 25
$-1.23
$0.80
Q2 25
$-0.14
$0.12
Q1 25
$0.13
$-0.12
Q4 24
$3.24
$-0.14
Q3 24
$-0.35
$-0.10
Q2 24
$0.03
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PLYM
PLYM
VRE
VRE
Cash + ST InvestmentsLiquidity on hand
$9.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$470.1M
$1.1B
Total Assets
$1.6B
$2.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLYM
PLYM
VRE
VRE
Q1 26
$9.4M
Q4 25
$14.1M
Q3 25
$8.8M
Q2 25
$11.4M
Q1 25
$7.6M
Q4 24
$7.3M
Q3 24
$12.8M
Q2 24
$18.4M
Total Debt
PLYM
PLYM
VRE
VRE
Q1 26
Q4 25
$1.4B
Q3 25
Q2 25
Q1 25
Q4 24
$646.4M
$1.7B
Q3 24
Q2 24
Stockholders' Equity
PLYM
PLYM
VRE
VRE
Q1 26
$1.1B
Q4 25
$1.2B
Q3 25
$470.1M
$1.2B
Q2 25
$539.6M
$1.1B
Q1 25
$571.0M
$1.1B
Q4 24
$579.5M
$1.1B
Q3 24
$436.5M
$1.1B
Q2 24
$475.2M
$1.1B
Total Assets
PLYM
PLYM
VRE
VRE
Q1 26
$2.7B
Q4 25
$2.7B
Q3 25
$1.6B
$2.8B
Q2 25
$1.6B
$3.1B
Q1 25
$1.4B
$3.0B
Q4 24
$1.4B
$3.0B
Q3 24
$1.5B
$3.0B
Q2 24
$1.4B
$3.0B
Debt / Equity
PLYM
PLYM
VRE
VRE
Q1 26
Q4 25
1.18×
Q3 25
Q2 25
Q1 25
Q4 24
1.12×
1.52×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PLYM
PLYM
VRE
VRE
Operating Cash FlowLast quarter
$20.0M
$14.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLYM
PLYM
VRE
VRE
Q1 26
$14.0M
Q4 25
$76.0M
Q3 25
$20.0M
$13.5M
Q2 25
$23.4M
$23.8M
Q1 25
$15.6M
$13.2M
Q4 24
$96.1M
$52.3M
Q3 24
$17.6M
$13.9M
Q2 24
$19.9M
$10.8M
Cash Conversion
PLYM
PLYM
VRE
VRE
Q1 26
Q4 25
Q3 25
0.18×
Q2 25
2.18×
Q1 25
2.67×
Q4 24
0.65×
Q3 24
Q2 24
15.12×
3.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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