Profile
Sector:
Real EstateIndustry:
IndustrialCountry:
United StatesIPO:
19 July 2013Website:
http://www.rexfordindustrial.comNext earnings report:
06 February 2025Last dividends:
30 September 2024Next dividends:
31 December 2024Price
after hours | Wed, 20 Nov 2024 00:42:20 GMTAnalysts recommendations
Institutional Ownership
REXR Latest News
I added Rexford Industrial Realty to my portfolio, making it my largest REIT investment, leveraging a recent 16% pullback. REXR's strategic focus on Southern California's constrained industrial real estate market provides unique pricing power and long-term growth potential. With a 4.0% dividend yield, strong NOI growth, and attractive valuation, REXR fits my portfolio strategy perfectly.
REXR announces operating update activity for the quarter-to-date period. It executes 657,000 square feet of new and renewal leases.
LOS ANGELES , Nov. 14, 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 an operating activity update in advance of upcoming investor meetings. In the fourth quarter of 2024 to date, Rexford Industrial executed approximately 657,000 square feet of new and renewal leases, with an average size of 16,000 square feet, including approximately 422,000 square feet of renewal leases and 235,000 square feet of new leases.
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.
What type of business is Rexford Industrial Realty?
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial's high-quality, irreplaceable portfolio comprises 371 properties with approximately 45.0 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member.
What sector is Rexford Industrial Realty in?
Rexford Industrial Realty is in the Real Estate sector
What industry is Rexford Industrial Realty in?
Rexford Industrial Realty is in the Industrial industry
What country is Rexford Industrial Realty from?
Rexford Industrial Realty is headquartered in United States
When did Rexford Industrial Realty go public?
Rexford Industrial Realty initial public offering (IPO) was on 19 July 2013
What is Rexford Industrial Realty website?
https://www.rexfordindustrial.com
Is Rexford Industrial Realty in the S&P 500?
No, Rexford Industrial Realty is not included in the S&P 500 index
Is Rexford Industrial Realty in the NASDAQ 100?
No, Rexford Industrial Realty is not included in the NASDAQ 100 index
Is Rexford Industrial Realty in the Dow Jones?
No, Rexford Industrial Realty is not included in the Dow Jones index
When was Rexford Industrial Realty the previous earnings report?
No data
When does Rexford Industrial Realty earnings report?
The next expected earnings date for Rexford Industrial Realty is 06 February 2025