Rexford Industrial Realty, Inc. (REXR)
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.
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.
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 (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) 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.
2 No-Brainer Dividend Stocks to Buy Right Now for Less Than $200
One is high yield, and the other offers rapid dividend growth. Both can be added to your portfolio for less than $200.
Rexford Industrial: A Top REIT On My Radar Now
Shares of Rexford Industrial have marginally exceeded the total returns of the S&P 500 index in the past five months. The industrial REIT's total revenue and core FFO per share topped the analyst consensus for the second quarter. REXR is well capitalized and has plenty of liquidity at its disposal.
1 Magnificent High-Yield Dividend Growth Stock Down 40% to Buy and Hold Forever
Rexford Industrial's stock is down around 40% from its all-time highs. The stock's dividend yield is nearly three times higher than the S&P 500's yield.
Rexford Industrial: This Industrial Champ Is A No-Brainer For Me
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.
1 Monster Dividend Stock to Buy Before Realty Income
It's been a bigger winner and grown its dividend a lot faster.
Rexford Sees Solid Demand, Leases 275,000 Square Feet in Ontario
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: A Great Bargain With Up To 6.4% Yield
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.
