Rexford Industrial Realty Q2 Core FFO $0.54 Up From $0.49 YoY, Sales $194.10M Miss $196.70M Estimate
Portfolio Pulse from totan@benzinga.com
Rexford Industrial Realty (NYSE:REXR) reported Q2 earnings of $0.54 per share, a 10.2% increase YoY. However, the company's quarterly sales of $194.10 million missed the analyst consensus estimate of $196.70 million by 1.32%, despite being a 30.28% increase over sales of $148.99 million the same period last year.
July 19, 2023 | 8:11 pm
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REXR's Q2 earnings per share increased by 10.2% YoY, but sales missed analyst estimates by 1.32%, despite a 30.28% YoY increase.
REXR's earnings per share have increased, which is a positive sign. However, the company's sales missed analyst estimates, which could negatively impact investor sentiment. The YoY increase in sales might mitigate some of this negative impact.
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IMPORTANCE 80
RELEVANCE 100