Rexford Industrial RealtyNYSE: REXR

Retirement planning is unpredictable; diversification across asset classes, including a minimum of 10% REIT exposure, is crucial for financial stability. Rexford Industrial Realty, Mid-America Apartment, and Realty Income are recommended REITs with strong fundamentals, diversified portfolios, and solid growth prospects. Rexford Industrial Realty has a high-quality, diversified portfolio in SoCal, excellent debt metrics, and a strong dividend growth track record.

LOS ANGELES , Oct. 21, 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 the appointment of Michael Fitzmaurice as Chief Financial Officer (CFO) and the promotion of Laura Clark, the Company's current CFO, to the role of Chief Operating Officer (COO), effective November 18, 2024. "We are very pleased to welcome Michael Fitzmaurice to the Rexford Industrial team.

Rexford Industrial Realty, Inc.'s recent dip offers a compelling buy opportunity for long-term investors. Despite a slight drop in occupancy and NOI growth, Rexford's solid earnings and investment-grade balance sheet position it well for future growth. Trading below its historical multiple, REXR is cheaper than peers, providing a well-covered dividend and potential 93% upside by 2026.

Rexford Industrial Realty, Inc. (NYSE:REXR ) Q3 2024 Earnings Call Transcript October 17, 2024 1:00 PM ET Company Participants David Lanzer - General Counsel Michael Frankel - Co-CEO Howard Schwimmer - Co-CEO Laura Clark - CFO Conference Call Participants John Kim - BMO Capital Markets Jeff Spector - Bank of America Craig Mailman - Citi Nicholas Yulico - Scotiabank Nick Thillman - Baird Mike Mueller - JPMorgan Blaine Heck - Wells Fargo Vikram Malhotra - Mizuho Samir Khanal - Evercore ISI Richard Anderson - Wedbush Brendan Lynch - Barclays Operator Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today.

We had rated Rexford Industrial Realty Inc. with a hold as the FFO growth was due to come in. The stock tanked on the earnings release. We go over what went wrong and where you should look to buy this.

Rexford Industrial remains a solid long-term investment despite high valuation, with a conservative price target of $80/share based on strong fundamentals and low leverage. Key risks include rising vacancy rates and declining market rent growth, but the company's favorable supply/demand situation and liquidity mitigate these concerns. At 27x P/AFFO, REXR is highly valued but offers potential 19-20% annualized returns with double-digit growth, making it a compelling "BUY".

The headline numbers for Rexford Industrial (REXR) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Rexford Industrial (REXR) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.56 per share a year ago.

LOS ANGELES , Oct. 16, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust ("REIT") focused on creating value by investing in and operating industrial properties throughout infill Southern California, today announced financial and operating results for the third quarter of 2024. Third Quarter 2024 Financial and Operational Highlights: Net income attributable to common stockholders of $65.1 million, or $0.30 per diluted share, as compared to $56.3 million, or $0.27 per diluted share, for the prior year quarter.