Rexford Industrial Realty, Inc. (REXR)
Summary
REXR Chart
People also search for
Rexford Industrial: Smooth Seas Never Made A Skilled Sailor
REXR earns a Buy rating as management navigates a challenging Southern California industrial market with prudent balance sheet actions. REXR is executing a major strategic overhaul, raising its 2024 asset disposition target to $2 billion and launching a $1 billion share repurchase program. Despite headline GAAP losses from asset sales, REXR maintains stable cash flow and conservative leverage, prioritizing debt repayment and equity buybacks over growth.
Rexford Industrial Realty Q2: Stable Balance Sheet And Credit Metrics, We Prefer Preferred Shares
Rexford Industrial Realty remains a stable, investment-grade REIT with no significant changes in Q2 credit metrics. REXR common stock trades at a 1.14 P/B premium, with a forward AFFO yield of 5.21% and a “hold” rating. REXR preferred stocks (REXR.PR.B, REXR.PR.C) offer 6.4–6.6% yields, among the highest in investment-grade REIT peers.
Rexford Industrial Realty Q2 Earnings Call Highlights
Rexford Industrial Realty NYSE: REXR said it is pursuing a broad portfolio realignment, planning to sell approximately $2 billion of non-core industrial assets while using a substantial portion of the proceeds to reduce debt, repurchase shares and selectively fund higher-return investments.
Rexford Industrial Realty, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 34,150 | $1.32M | $1.26M | -$63,762.56 | -4.83% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 8,144 | $272,820 | $299,210.56 | $26,390.56 | 9.67% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 500 | $19,360 | $18,365 | -$995 | -5.14% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 464 | $17,531.2 | $16,792.16 | -$739.04 | -4.22% |
| NA Nizar Araji National Bank Of Canada /FI/ | 524 | $20,289.28 | $19,246.52 | -$1,042.76 | -5.14% |
Rexford Industrial Realty, Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BH Blaine Heck Wells Fargo | 304.59 | $10,566.28 | $11,796.83 | $1,230.55 | 11.65% |
Rexford Industrial Realty, Inc. (REXR) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Rexford Industrial Realty, Inc. ever had a stock split?
Rexford Industrial Realty, Inc. Profile
| Industrial REITs Industry | Real Estate Sector | Laura Clark CEO | NYSE Exchange | 76169C100 CUSIP |
| US Country | 256 Employees | 30 Sep 2026 Last Dividend | - Last Split | 19 Jul 2013 IPO Date |
Overview
Rexford Industrial operates within the niche of industrial real estate in Southern California, recognized as one of the most in-demand and supply-constrained markets in the United States. Positioned as a key player in the real estate investment trust (REIT) domain, Rexford Industrial focuses on acquiring, operating, and redeveloping industrial properties in this highly competitive region. Given Southern California's status as the world's fourth largest industrial market, the company leverages a unique strategy that combines its proprietary value creation and asset management competencies to stimulate both internal and external growth. With a robust portfolio that includes 371 properties and roughly 45.0 million rentable square feet, Rexford caters to a diverse and stable tenant base, underscoring its significance in the logistics and distribution sectors. Being a member of the S&P MidCap 400 Index and trading under the ticker REXR on the New York Stock Exchange, Rexford Industrial's structured approach as a REIT underscores its commitment to delivering value to its shareholders while sustaining its growth trajectory in a tight market.
Products and Services
- Investing in Industrial Properties:
Rexford Industrial identifies and invests in high-potential industrial properties within the infill areas of Southern California. This focus on strategic acquisitions allows the company to enhance its portfolio's value, ensuring the selection of properties that benefit from the region's low supply and high demand dynamics.
- Operating and Managing Industrial Real Estate:
The operation and management of industrial properties form the core of Rexford's offerings. Through specialized asset management capabilities, the company aims to maximize operational efficiency, tenant satisfaction, and property value, thereby securing its position as a leading provider of industrial real estate solutions.
- Redeveloping Industrial Sites:
Apart from acquisitions, Rexford Industrial places a strong emphasis on redeveloping industrial sites. This involves upgrading and repurposing existing properties to meet the current market demands, which not only enhances the value of its real estate assets but also contributes to the revitalization of the areas in which these properties are located.
- Real Estate Investment Trust (REIT) Operations:
As a REIT, Rexford Industrial is committed to distributing a significant portion of its taxable income to its shareholders in the form of dividends. This structure enables individual investors to gain exposure to the lucrative industrial real estate market of Southern California through a publicly traded entity, benefitting from the company’s focus on long-term capital appreciation and income generation.
