Rexford Industrial Realty
REXR
Market cap $9.86B

44.93 USD

-4.48

9.07%

At close Oct 17, 4:00 PM EDT

After hours

45.14

+0.21

0.47%

1 day

-9.07%

5 days

-3.77%

1 month

-12.35%

3 months

-9.58%

6 months

6.37%

Year to date

-20.21%

1 year

-7.25%

5 years

-2.81%

About: Rexford Industrial Realty Inc is a real estate investment trust engaged in the acquisition, ownership, and operation of industrial properties in Southern California. The company mainly focuses on leasing facilities in infill markets or relatively wealthy urban areas with a general scarcity of developable land. The vast majority of Rexford's real estate portfolio, in terms of square footage, revenue generation, and total value, comprises light manufacturing and distribution warehouse buildings located in Los Angeles and San Diego. The company's tenants are firms in the wholesale and retail, light manufacturing, industrial equipment, and food and beverage industries.

Employees: 242

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 7 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

34% more repeat investments, than reductions

Existing positions increased: 170 | Existing positions reduced: 127

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

1.46% less ownership

Funds ownership: 109.63% [Q1] → 108.16% (-1.46%) [Q2]

6% less funds holding

Funds holding: 412 [Q1] → 387 (-25) [Q2]

11% less capital invested

Capital invested by funds: $11.8B [Q1] → $10.5B (-$1.29B) [Q2]

13% less call options, than puts

Call options by funds: $9.97M | Put options by funds: $11.4M

32% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 77

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$49

9%

upside

Avg. target

$55

23%

upside

High target

$61

36%

upside

7 analyst ratings

5 positive

71%

2 neutral

29%

0 negative

0%

Evercore ISI Group Samir Khanal 25% 1-year accuracy 1 / 4 met price target	29%upside $58	Outperform Maintained	16 Sept 2024
Mizuho Vikram Malhotra 75% 1-year accuracy 6 / 8 met price target	9%upside $49	Neutral Maintained	5 Sept 2024
Evercore ISI Group Samir Khanal 25% 1-year accuracy 1 / 4 met price target	27%upside $57	Outperform Maintained	28 Aug 2024
Wells Fargo Blaine Heck 44% 1-year accuracy 4 / 9 met price target	36%upside $61	Overweight Maintained	28 Aug 2024
Scotiabank Greg McGinniss 100% 1-year accuracy 1 / 1 met price target	22%upside $55	Sector Outperform Maintained	26 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 24 articles about REXR published over the past 30 days

Rexford Industrial Realty, Inc. (REXR) Q3 2024 Earnings Call Transcript

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.

Rexford Industrial Realty, Inc. (REXR) Q3 2024 Earnings Call Transcript

The Hitchhiker's Guide To Buying Rexford Industrial

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.

The Hitchhiker's Guide To Buying Rexford Industrial

Rexford Industrial: Upside Potential Remains

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".

Rexford Industrial: Upside Potential Remains

Zacks Investment Research

Rexford Industrial (REXR) Reports Q3 Earnings: What Key Metrics Have to Say

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) Reports Q3 Earnings: What Key Metrics Have to Say

Zacks Investment Research

Rexford Industrial (REXR) Beats Q3 FFO and Revenue Estimates

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.

Rexford Industrial (REXR) Beats Q3 FFO and Revenue Estimates

Rexford Industrial Announces Third Quarter 2024 Financial Results

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.

Rexford Industrial Announces Third Quarter 2024 Financial Results

Rate Cut Rethink

U.S. equity markets extended gains to a fifth-straight week despite a continued upswell in benchmark interest rates, as investors weighed a solid start to earnings season against lukewarm inflation data. All eyes were on the Consumer Price Index report, which posted a fractional upside surprise in September for a second-straight month, which followed four straight months of cooler-than-expected reports. Bond markets remained under pressure as buoyant labor market data last week and lukewarm inflation data this week has prompted investors to re-think the prospects of aggressive Fed rate cuts.

Rate Cut Rethink

8 Dividend Stocks On My Buy List As Inflation Keeps Dropping

Disinflationary trends persist, with CPI showing a steady decline, despite media drama over slightly higher-than-expected figures; energy stocks remain attractive for long-term investors. Realty Income should consider breaking into smaller REITs for better growth. Protectionist tariffs hurt US manufacturing, and labor shortages loom globally.

8 Dividend Stocks On My Buy List As Inflation Keeps Dropping

The Motley Fool

Want Decades of Passive Income? 3 Stocks to Buy Right Now.

REITs tend to be excellent passive income producers.

Want Decades of Passive Income? 3 Stocks to Buy Right Now.

3 Of My Favorite High-Yield Stocks For What's Next

The Federal Reserve's monetary policies continue to impact the economy, with lingering inflation despite recent rate cuts. Understanding this landscape is crucial for investors. High-yield dividend stocks are becoming essential in today's market, offering both income and potential growth. Identifying the right picks can provide stability. Focusing on companies with strong balance sheets and solid growth prospects will position investors well for future market fluctuations and inflationary pressures.

3 Of My Favorite High-Yield Stocks For What's Next

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