Rexford Industrial Realty, Inc. (REXR)
Market Cap | 11.20B |
Revenue (ttm) | 797.83M |
Net Income (ttm) | 227.45M |
Shares Out | 215.09M |
EPS (ttm) | 1.12 |
PE Ratio | 44.85 |
Forward PE | 44.03 |
Dividend | $1.67 (3.32%) |
Ex-Dividend Date | Mar 27, 2024 |
Volume | 2,719,917 |
Open | 50.00 |
Previous Close | 49.88 |
Day's Range | 50.00 - 50.68 |
52-Week Range | 41.56 - 60.06 |
Beta | 0.88 |
Analysts | Buy |
Price Target | 56.91 (+13.14%) |
Earnings Date | Apr 17, 2024 |
About REXR
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial's high-quality, irreplaceable portfolio comprises 371 properties with approximately 45.0 millio... [Read more]
Financial Performance
In 2023, REXR's revenue was $797.83 million, an increase of 26.40% compared to the previous year's $631.20 million. Earnings were $227.45 million, an increase of 44.43%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for REXR stock is "Buy." The 12-month stock price forecast is $56.91, which is an increase of 13.14% from the latest price.
News
Rexford Industrial Announces Pricing of Public Offering of 17,179,318 Shares of Common Stock to an Existing Long-Only Investor Based on the West Coast
LOS ANGELES, March 26, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), today announced that it has priced an underwritten public offering of ...
Rexford Industrial Announces Pricing of Offering of $500 Million Exchangeable Senior Notes due 2027 and $500 Million Exchangeable Senior Notes due 2029
LOS ANGELES, March 26, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR) today announced that its operating partnership, Rexford Industrial Real...
Rexford Industrial Announces Proposed Offering of Exchangeable Senior Notes due 2027 and Exchangeable Senior Notes due 2029
LOS ANGELES, March 25, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR) today announced that its operating partnership, Rexford Industrial Real...
Rexford Industrial Announces Public Offering of $840 Million of Common Stock to an Existing Long-Only Investor Based on the West Coast
LOS ANGELES , March 25, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), today announced that it has commenced an underwritten public offering...
Rexford Industrial Announces Dates for First Quarter 2024 Earnings Release and Conference Call
LOS ANGELES , March 22, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing...
Rexford Industrial to Present at the Citi 2024 Global Property CEO Conference
LOS ANGELES , March 1, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing ...
Rexford Industrial Announces Fourth Quarter and Full Year 2023 Financial Results
LOS ANGELES , Feb. 6, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust ("REIT") focused on creating value by in...
Rexford Industrial Announces 10 Percent Increase in Quarterly Common Stock Dividend
LOS ANGELES , Feb. 5, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing i...
Rexford Industrial Announces 2023 Tax Treatment of Dividend Distributions
LOS ANGELES , Jan. 22, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing...
Rexford Industrial Announces $81 Million of Transaction Activity
Two industrial property acquisitions and one disposition Full year 2023 investments total $1.5 billion within prime infill Southern California submarkets LOS ANGELES , Jan. 4, 2024 /PRNewswire/ -- Rex...
Rexford Industrial Announces Dates for Fourth Quarter 2023 Earnings Release and Conference Call
LOS ANGELES , Jan. 2, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing i...
Rexford Industrial Announces $245 Million of Investment Activity
– 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 Industria...
Rexford Industrial Announces Science-Based Net-Zero Target Validation
–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 Announces Third Quarter 2023 Financial Results
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 i...
Rexford Industrial Announces Dates for Third Quarter 2023 Earnings Release and Conference Call
LOS ANGELES , Sept. 18, 2023 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing...
'Winter is coming' for office space stocks, top real estate investor Jonathan Litt warns
Jonathan Litt, Land and Buildings Founder & CIO, joins 'Fast Money' to discuss why he says more trouble is on the horizon for commercial real estate stocks.
Rexford Industrial Publishes Updated Investor Presentation
LOS ANGELES , Sept. 7, 2023 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing ...
Rexford Industrial Announces $46 Million of Investment Activity
– Completed Three Industrial Property Acquisitions within Prime Infill Southern California Submarkets –– Year-to Date Investments total $1.2 Billion – LOS ANGELES , Sept. 6, 2023 /PRNewswire/ -- Rexfo...
Rexford Industrial Announces $210 Million Investment
– Industrial Property Acquisition within Prime Infill Southern California Submarket – – Year-to-Date Investments total $1.1 Billion – LOS ANGELES , July 24, 2023 /PRNewswire/ -- Rexford Industrial Rea...
Rexford Industrial Announces Second Quarter 2023 Financial Results
LOS ANGELES , July 19, 2023 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust ("REIT") focused on creating value by i...
Rexford Industrial Announces Dates for Second Quarter 2023 Earnings Release and Conference Call
LOS ANGELES , June 21, 2023 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing ...
Rexford Industrial Announces Leasing Activity Update
LOS ANGELES , June 13, 2023 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing ...
Rexford Industrial Releases Environmental, Social and Governance Impact (ESGi) Report
- ESGi represents a holistic approach quantifying the positive environmental, societal and governance impacts enabled through Rexford Industrial's differentiated, value-driven business model - LOS ANG...
Rexford Industrial Announces Pricing of Public Offering of 13,500,000 Shares of Common Stock
LOS ANGELES , May 10, 2023 /PRNewswire/ -- Rexford Industrial Realty, Inc. (NYSE: REXR) ("Rexford" or the "Company"), a real estate investment trust focused on creating value by investing in and opera...