Rexford Industrial is a specialized industrial REIT with a 100% focus on Infill Southern California, showcasing a unique investment strategy. As of July 16, 2024, Rexford Industrial owns 422 properties, totaling approximately 49.7 million square feet of leasable area. REXR is well-positioned to withstand the ongoing industrial sector headwinds and capitalize on the improving market environment.
It's been a bigger winner and grown its dividend a lot faster.
REXR's lease-up of the value-add-repositioned project to a third-party logistics provider reflects the solid demand for its properties.
Rexford Industrial offers a compelling blend of income and growth, driven by its unique focus on the high-barrier Southern California market. REXR demonstrates strong operational performance with high NOI growth and lease spreads, and a well-covered dividend. The stock is attractively valued below its historical average, with analysts expecting 10-14% annual FFO growth.
These stocks have some qualities Buffett likes to see but are too small to be Berkshire investments.
Rexford Industrial is a well-respected industrial real estate investment trust. The REIT has increased its dividend annually for over a decade.
Rexford Industrial's preferred dividends and equity are well-covered, with a strong preferred dividend coverage ratio and a solid balance sheet. The REIT's two series of preferred shares offer attractive yields, with potential for capital gains if called or if/when the market interest rates continue to decrease. The risk/reward ratio for Rexford Industrial's preferred shares is excellent due to low leverage and potential for capital gains.
Industrial sector exposure in portfolios includes wide-moat companies, leading to no worries about portfolio structure. Rexford Industrial Realty benefits from industrial companies needing buildings to operate, showing resilience in a challenging environment. REXR's focus on SoCal infill market, strong financials, and growth opportunities position it as a top pick in the REIT space.
'Bend It Like Beckham' movie title references unconventional methods to achieve goals, similar to how Warren Buffett accumulated vast wealth. This includes utilization of the float in the insurance business and picking up high quality, undervalued names instead of simply buying the market index. Verizon and Rexford Industrial appear to fit the mold, as both are undervalued dividend stocks with strong business models for potential market-beating returns.
While the top- and bottom-line numbers for Rexford Industrial (REXR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Rexford Industrial (REXR) came out with quarterly funds from operations (FFO) of $0.60 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.54 per share a year ago.
Real estate investment trusts (REITs) can be a great way for investors to earn a steady income. It's important to diversify your portfolio.