Rexford Industrial RealtyNYSE: REXR

LOS ANGELES , June 20, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today announced that the Company will release second quarter 2024 financial results after the market closes on Wednesday, July 17, 2024. A conference call with senior management will be held on Thursday, July 18, 2024 at 1:00 p.m.

LOS ANGELES , June 17, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today announced that the Company has initiated a process to recruit a new Chief Financial Officer (CFO) and, upon the successful hire of a new CFO, to then elevate Laura Clark, the Company's current CFO, to the newly-established role of Chief Operating Officer (COO). The Company has initiated an executive search effort through Russell Reynolds Associates to identify and appoint a new CFO.

Rexford Industrial is a high-quality industrial REIT with a BBB+ rating, 3.7% yield, and significant upside potential. Despite negative macro sentiment in California, REXR has impressive growth, low leverage, and a conservative investment thesis. Analysts underestimate REXR's stickiness and strength in the SoCal market, with a conservative price target of $75/share and a "BUY" recommendation.

Rexford Industrial Realty, Inc. focuses on growth over growth per share, resulting in a continued overhang on the stock price. The company owns over 40 million square feet of industrial real estate in Southern California, with potential risks and benefits. Recent Rexford financial updates show continued growth in assets and rental income, but caution is advised due to the focus on growth and lower yields on acquisitions.

ESGimpact (ESGi) represents a holistic approach quantifying the positive environmental, societal and governance impacts enabled by Rexford Industrial's differentiated, value-driven business model LOS ANGELES , May 30, 2024  /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today released its annual Environmental, Social and Governance Impact Report.  "Rexford's ESGi strategy creates positive impacts by revitalizing dysfunctional industrial buildings throughout infill Southern California and supporting our communities and exceptional Rexford team," stated Michael Frankel and Howard Schwimmer, Co-Chief Executive Officers of the Company.

LOS ANGELES , May 29, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today announced second quarter-to-date operating and transaction activity updates in advance of upcoming investor meetings. "Rexford Industrial's quarter-to-date leasing activity demonstrates the health of our underlying tenant demand fundamentals, differentiated by Rexford Industrial's focus on delivering the highest-quality and most functional industrial product serving a tenant base occupying space averaging 25,000 square feet in our infill Southern California portfolio, within the nation's highest-barrier and most supply-constrained industrial market," stated Michael Frankel and Howard Schwimmer, Co-Chief Executive Officers of the Company.

In our last coverage of Rexford Industrial, we highlighted the fundamental threats that were building in the horizon. The REIT's Q1-2024 results show a slowdown in growth and a drop in market rent spread. The stock is getting cheap by some measures and we weigh in as to why you could look to start accumulating using defensive covered calls.

Rexford Industrial (REXR) appears to be oversold, suggesting that the intense selling pressure may have eased. Additionally, there is strong consensus among analysts on Wall Street in increasing earnings forecasts, which could potentially result in a turnaround for the stock.

Sometimes, the ideal moment to invest in a dividend stock is when other investors are feeling uncertain about what lies ahead. Rexford Industrial's stock has dropped due to worries about a potential slowdown in the industrial property market, but the company possesses valuable assets in a limited region.