Rexford Industrial Realty Q4 2023 Core FFO $0.56, Inline, Sales $210.43M Beat $201.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rexford Industrial Realty (REXR) reported Q4 2023 earnings of $0.56 per share, meeting analyst estimates. Quarterly sales were $210.43M, surpassing the $201.88M estimate by 4.23% and marking a 17.94% increase from the previous year.

February 06, 2024 | 9:13 pm
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Rexford Industrial Realty reported Q4 2023 earnings per share of $0.56, in line with estimates, and sales of $210.43M, exceeding expectations.
Meeting earnings estimates and exceeding sales forecasts, especially with a significant year-over-year sales increase, is likely to be viewed positively by investors. This performance indicates strong operational efficiency and market demand for Rexford's offerings, potentially leading to a positive short-term impact on the stock price.
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