Rexford Industrial Realty (REXR) Stock

LOS ANGELES, Jan. 6, 2025 /PRNewswire/ -- Rexford Industrial Realty, Inc. (NYSE: REXR), a real estate investment trust that invests in industrial properties in Southern California, has announced it will share its fourth quarter 2024 financial results after the market closes on February 5, 2025. A conference call with the company's senior management is scheduled for February 6, 2025, at 1 p.m.

Rexford Industrial is a specialized real estate investment trust (REIT) in Southern California that uses its management skills to improve properties and increase rental income. The team's extensive industry knowledge and the founder's active role help maintain a strong emphasis on quality and value. Currently, Rexford is valued attractively, trading at a lower price than many competitors, and it has a strong potential for future growth and manageable debt.

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Rexford Industrial Realty (REXR 0.13%) saw a significant rise in its stock price as investors became more interested after the pandemic. This was largely due to a growing need for warehouses during that period.

Rexford Industrial (REXR) has experienced a notable drop in its share price, falling 41% in the past three years, even though it has performed well in the past. While analysts remain optimistic about REXR, challenges in California and the management's lack of guidance indicate a need for caution. Supporters of REXR emphasize its solid financial position, valuable assets, and reliable dividend, while critics warn about risks related to its focus on Southern California and decreasing funds from operations.

Tax loss selling has opened up chances in stocks that are priced too low, such as Dave & Buster's, Rexford Industrial Real Estate, Portillo's, and Caesar's Entertainment. Although Dave & Buster's stock has dropped because of poor performance and higher debt, insider purchases and possible growth in earnings before interest, taxes, depreciation, and amortization (EBITDA) make it an interesting investment. Rexford Industrial Real Estate is appealing for its quality assets and strong negotiating power, even with recent decreases in rent.

Rexford Industrial (REXR) has seen a 21% decline in the past year because of economic challenges and falling rents in Southern California after the pandemic. The company has also retracted its previous forecast for three-year growth in funds from operations per share, as rents in Southern California decrease and vacancy rates increase. The quarterly cash dividend is $1.67 per share, which gives a yield of 4.1%, the highest it has been in more than ten years due to the drop in share price.

I included Rexford Industrial Realty in my investment portfolio, which is now my biggest REIT investment, taking advantage of a recent 16% drop in its price. REXR's focus on the limited industrial real estate market in Southern California gives it a strong position for pricing and future growth. With a 4.0% dividend yield, solid net operating income growth, and good valuation, REXR aligns well with my investment strategy.

REXR has shared an update on its operations for the current quarter. The company has signed new and renewed leases covering a total of 657,000 square feet.