Rexford Industrial Realty

Rexford Industrial Realty, Inc. is a self-administered and self-managed real estate investment trust, which engages in owning, operating, and acquiring industrial properties. The company was founded on January 18, 2013, and is headquartered in Los Angeles, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Rexford Industrial Realty reports stellar Q4 performance and growth prospects

Rexford Industrial Realty delivered strong financial performance in Q4 2022, marked by significant FFO growth and robust leasing activity.
The company's strategic focus on off-market investments, diverse tenant demand, and effective cost management positions it well for future growth.
While challenges exist in managing larger acquisitions and market uncertainties, Rexford's strengths in tenant relationships and financial performance offer opportunities for sustained success.
Overall, Rexford's performance, strengths, and opportunities indicate a promising outlook for continued growth and profitability in the industrial real estate sector.

Rexford Industrial Realty reports robust Q1 performance and growth opportunities

Rexford Industrial Realty's Q1 2023 performance reflects strong growth metrics and high market occupancy in Southern California. The company's balance sheet strength, internal NOI growth projections, and credit quality are notable strengths. Challenges include potential performance dispersion and uncertainties in certain transactions, while opportunities lie in value-add acquisitions and market rent growth.

Rexford Industrial excels in Q2 2023, eyes growth amid challenges

Rexford Industrial Realty's strong Q2 performance and strategic focus on growth opportunities position the company for continued success in a recovering market.
Despite challenges such as short-term rent growth volatility and higher turnover costs, the company's stable tenant base and ESG efforts provide a solid foundation.
With increased guidance for core FFO per share and a market showing signs of tightening cap rates, Rexford Industrial is poised for sustained growth and value creation.

Rexford Industrial Realty posts robust Q3 growth and ESG commitment

Rexford Industrial Realty's Q3 performance reflects strong growth and strategic positioning in the market.
Despite challenges in occupancy and financial adjustments, the company's focus on sustainability and growth opportunities is evident.
With a clear roadmap for future growth and a commitment to ESG goals, Rexford remains well-positioned for continued success.
Investors can expect steady performance and potential value creation from Rexford's proactive strategies and market resilience.

Rexford Industrial Realty excels in Q4 2023, eyes growth opportunities

Rexford Industrial Realty's Q4 2023 earnings call highlighted robust financial performance, strong market fundamentals in Infill SoCal markets, and a focus on disciplined capital allocation. Challenges in specific market segments and the need to manage early renewals were acknowledged, while opportunities for growth through leasing pipeline activity and value creation initiatives were emphasized.

Rexford Industrial Realty reports robust Q1 performance amidst market challenges

Rexford Industrial Realty's Q1 2024 performance reflects resilience and growth amidst challenging market conditions.
Strategic acquisitions, strong leasing activity, and focus on higher quality assets position Rexford for future success.
While facing market volatility and pricing challenges, Rexford's operational excellence and growth outlook signal long-term sustainability.

Rexford Industrial Realty reports growth amidst market challenges in Q3

Rexford Industrial Realty (REXR) demonstrated solid financial performance with increased FFO per share and high portfolio occupancy, despite market challenges.
The company's strategic strengths lie in its focus on key markets, strong leasing spreads, and commitment to value-enhancing investments.
While facing challenges from external factors impacting market dynamics, Rexford has opportunities for growth through ongoing investments and portfolio expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Rexford Industrial Realty, Inc. is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.

Rexford Industrial Realty is a pure play on industrial buildings and land in Southern California, with a concentration that elevates both risks and potential returns. The company has seen a decrease in share price and has issued a substantial number of shares, raising concerns about its focus on absolute growth rather than growth per share. Despite the decrease in share price, REXR has continued to finance further growth and make acquisitions, but valuations remain high.

Rexford Industrial: Focus On Growth Rather Than Growth Per Share

Agree Realty

Alexandria Real Estate Equities

Mid-America Apartment Communities

Realty Income Corp

Prologis

Spirit Realty Capital

I decided to write Santa a letter this year. Hopefully, he will put me on the nice list (as opposed to the naughty list). I would love to find out what's on your list?

Dear Santa: All I Want For Christmas Are A Few Good REITs

First Industrial Realty Trust

Americans just set a record on Thanksgiving shopping, spending $5.6 billion. I expect Industrial REITs to reap strong rewards from the growth in eCommerce shopping that we're seeing during the holidays. And right now, two of our top three highest-rated industrial REITs are offering attractive, double-digit margins of safety.

Santa Depends On These 'Must Have' Mission Critical Properties

Extra Space Storage

Vici Properties

Thanksgiving is typically associated with indulgent and unhealthy food choices. Diversification is important in your investment portfolio, just as it is in your diet. Real estate investment trusts can be a valuable addition to a balanced investment strategy and here are 5 great picks.

Let's Talk Turkey Plus 5 Great REIT Treats!

Americold Realty

REITs are experiencing a selloff due to higher interest rates, bank tightening, and increased loan defaults. Dividend investors may find better returns in money market funds or Treasury bonds compared to REITs. We have identified three REITs with sustainable and growing dividends: Alexandria Real Estate, Rexford Industrial, and Americold.

A Harbinger For REIT Investors

The spread between industrial REIT cap rates and the 10-year Treasury has narrowed from 266 basis points to 9, creating challenges for REITs. Despite the challenges, Rexford is on the way to restoring a positive investment spread. Their cost of capital is 6.74% and their recent transaction closed at a yield of 6.8%. Beyond the numbers, Rexford has a competitive advantage in that they operate in a market with scarce developable land, close proximity to population centers and ports.

Rexford Industrial: On The Way To Restoring Positive Investment Spread

American Tower

The article provides a list of 6 REITs to invest $100,000 in, including Realty Income, VICI Properties, Rexford Industrial Realty, American Tower, MidAmerica Apartment Communities, and Alexandria Real Estate. Each REIT is described in detail, including its portfolio, financial performance, and growth potential. I emphasize the importance of diversification and personal preferences in constructing a stock portfolio.

Where To Invest $100,000 In REITs Right Now

Archer-Daniels-Midland Company

Advanced Micro Devices

Amgen

Amazon

Deckers Outdoor

Halliburton

Lululemon Athletica

Merck

Matador Resources

T-Mobile US

Workday

Our list of the best stocks to buy now reflect the lesson of the past few years: Be ready for anything.

The 12 Best Stocks to Buy Now

– Completed Two Industrial Investments Within Prime Infill Southern California Submarket – – Year-to Date Investments Total $1.4 Billion – LOS ANGELES , Oct. 26, 2023 /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 investment activity of $245.0 million that was funded using proceeds from forward equity settlements and cash on hand. "These investments demonstrate Rexford Industrial's ability to leverage our deep, proprietary access to significant value-creation opportunities within our target infill Southern California industrial property markets," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company.

Rexford Industrial Announces $245 Million of Investment Activity

Innovative Industrial Properties

Gladstone Land

Vanguard Real Estate ETF

Utilities Select Sector SPDR Fund

The market appears to be treating all REITs the same: as debt-burdened alternatives to fixed income. But there is a wide world of diversity across the landscape of REITs, including on the balance sheet side. I highlight five REITs with balance sheets that are well-positioned to withstand high interest rates with almost no floating rate exposure or upcoming debt maturities.

5 REITs With No Near-Term Debt Maturities And Virtually No Floating Rate Debt

Distressed commercial real estate debt in the United States has reached a 10-year high, with office credit being the worst affected. Industrial real estate, particularly warehousing, is performing well due to strong secular growth and increased demand from companies seeking to maintain inventory closer to customers. Rexford Industrial Realty is a promising investment option in the industrial real estate sector, with solid fundamentals, a strong balance sheet, and growth potential.

Rexford Industrial: Going Back To Cali

AvalonBay Communities

Crown Castle International

Camden Property

Essex Property Trust

Global Net Lease

Independence Realty Trust

Regency Centers

iStar Inc

Sun Communities

REITs have been experiencing a prolonged period of decline, with some portfolios down 64% from their early 2022 highs. The variations in price movements among different REITs are worth probing to find opportunities. The number of candidates for high upside from here has roughly doubled recently, but the number of quality opportunities has increased much less.

New Opportunities Amidst Crashing REITs

–Rexford Industrial Commits to Net-Zero Emissions by 2045– –Rexford Industrial's Value-Driven Business Model Drives Positive ESGi Impacts and Value Creation– LOS ANGELES , Oct. 23, 2023 /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 validation of its emissions reduction targets by the Science Based Targets initiative (SBTi), reaffirming the Company's commitment to creating value through a comprehensive ESGi approach. ESGi represents a holistic approach quantifying the positive environmental, societal and governance impacts enabled through Rexford Industrial's differentiated, value-driven business model.

Rexford Industrial Announces Science-Based Net-Zero Target Validation

Capital One

Rexford's dominate position should continue driving outsized dividend growth. Capital One is too cheap to ignore these days.

Prediction: These 3 Magnificent Dividend Growth Stocks Will Make Investors Richer by 2030

Rexford Industrial Realty, Inc. (REXR) Q3 2023 Earnings Call Transcript

Rexford Industrial (REXR) came out with quarterly funds from operations (FFO) of $0.56 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.50 per share a year ago.

Rexford Industrial (REXR) Q3 FFO Match Estimates

LOS ANGELES , Oct. 18, 2023 /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 within Southern California infill markets, today announced financial and operating results for the third quarter of 2023. Third Quarter 2023 Financial and Operational Highlights: Net income attributable to common stockholders of $56.3 million, or $0.27 per diluted share, as compared to $36.8 million, or $0.21 per diluted share, for the prior year quarter.

Rexford Industrial Announces Third Quarter 2023 Financial Results

Rexford Industrial has an attractive portfolio of Industrial properties, high occupancy, and an impressive growth story achieved with conservative leverage. Though it has increased the dividend for 9 straight years, the upward price pressure makes the yield very unattractive. This pressure is also the reason for a very high premium to NAV and why the risk is too high here.

Rexford Industrial: A Great REIT Ain't Cheap

Rexford Industrial Realty (REXR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Rexford Industrial Realty (REXR) Might Surprise This Earnings Season

Rexford Industrial Realty has two series of preferred shares trading at a discount to their par value, creating an investment opportunity. The FFO and AFFO performance of Rexford Industrial Realty continues to strengthen, with a strong dividend coverage ratio. The balance sheet of Rexford Industrial Realty is run conservatively, with the majority of assets funded with equity, indicating no balance sheet issues.

Rexford Industrial: The 7% Yielding Preferred Shares Offer An Excellent Risk/Reward Ratio

AGNC Investment

Apple Hospitality REIT

iShares CMBS ETF

Dynex Capital

Equity LifeStyle Properties

Farmland Partners

Hannon Armstrong Sustainable Infrastructure Capital

iShares MBS ETF

Medical Properties Trust

Orchid Island Capital

Alpine Income Property Trust

iShares Mortgage Real Estate ETF

Rithm Capital Corp

Sculptor Capital Management

Seven Hills Realty Trust

Tanger Factory Outlet Centers

SL Green Realty

Terreno Realty

U.S. equity markets remained turbulent while benchmark interest rates retreated as investors weighed shocking geopolitical developments in the Middle East against inflation data showing an energy-driven reacceleration in price pressures. Posting a second week of modest gains following a four-week skid, the S&P 500 advanced 0.5%, but gains remained "top-heavy." The Mid-Cap 400 and Small-Cap 600 each posted weekly declines.

Different World, Same Problems

W. P. Carey

The best buying opportunities often require going against the crowd or the prevailing wisdom, which inherently feels unnatural for most people. Interest rates are likely to come down in 2024, which could be a catalyst for REITs to shift from underperformance to outperformance.

Buy REITs Before Everyone Else Does

Rexford Industrial continues to deliver solid results. Valuation compression cycle though prevents spectacular returns at this point. We show a 7% and 17% yield that you can get with this stock while preserving your capital.

Rexford Industrial: Getting Your 7% And 17% Fix

Four Corners Property Trust

Rising interest rates have negatively impacted the economy and the stock market, leading to what we're calling the Great REIT Reset. We think that four REITs in particular have been unfairly punished by the market. These REITs offer attractive valuations, strong tenant bases, and potential for dividend income.

'The Great REIT Reset' - 4 REITs To Buy At A Bargain

Digital Realty Trust

Equinix

Interest rates have risen due to a stronger-than-expected economy and excess savings from pandemic stimulus. The jobs report was a blowout, sending interest rates soaring once more. REITs have fallen 30%, just like they did from 1972 to 1974. And for the rest of the decade, with interest rates climbing to 16%, REITs soared over 700%.

My Oh My, 5 Sweet REIT Buys

News for Rexford Industrial Realty Stock (REXR)