Streetbeat News

REXR

Rexford Industrial Realty, Inc.

https://www.rexfordindustrial.com

Industry

REIT - Industrial

Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

Open

39.92

Mkt cap

8.9B

Volume

2.5M

High

40.68

P/E Ratio

32.46

52-wk high

57.01

Low

39.88

Div yield

0.04

52-wk low

39.85

Rexford Industrial (REXR) has experienced a 41% decline in share price over the last three years. Despite strong historical performance and positive analyst sentiment, recent challenges in California and withdrawn management guidance suggest caution. The bull case emphasizes REXR's strong balance sheet, strategic assets, and secure dividend, while the bear case highlights risks from SoCal concentration and slowing FFO trends.

Portfolio Pulse from

December 17, 2024 | 2:00 am

Tax loss selling has led to opportunities in oversold stocks such as Dave & Buster's, Rexford Industrial Real Estate, Portillo's, and Caesar's Entertainment. These stocks are currently undervalued due to various factors, but potential growth and insider activities suggest possible rebounds.

Portfolio Pulse from

December 15, 2024 | 8:30 pm

Rexford Industrial (REXR) has experienced a 21% decline in stock price over the past year due to macroeconomic challenges and a slowdown in Southern California rents. The company has withdrawn its previous 3-year FFO per share CAGR guidance as market rents decrease and vacancy rates increase. Despite these challenges, REXR's dividend yield has reached 4.1%, the highest in over a decade, due to the drop in share price.

Portfolio Pulse from

December 13, 2024 | 2:30 pm

Rexford Industrial is highlighted as a top REIT pick due to its 4% dividend yield, undervaluation, and strong growth prospects. The company focuses on the supply-constrained Southern California market and has a robust balance sheet. Despite recent share price weakness, it shows continued FFO and NOI growth.

Portfolio Pulse from

November 18, 2024 | 3:15 pm

Rexford Industrial Realty has been added to a portfolio as the largest REIT investment, following a 16% pullback. The company's focus on Southern California's industrial real estate market offers pricing power and growth potential. With a 4.0% dividend yield and strong NOI growth, REXR is seen as an attractive investment.

Portfolio Pulse from

November 18, 2024 | 11:00 am

Rexford Industrial Realty (REXR) has announced an operating update for the current quarter, highlighting the execution of 657,000 square feet of new and renewal leases. This activity indicates a rise in rental rates.

Portfolio Pulse from

November 15, 2024 | 6:45 pm

Rexford Industrial Realty, Inc. (NYSE: REXR) announced an operating activity update, revealing the execution of approximately 657,000 square feet of new and renewal leases in Q4 2024. This includes 422,000 square feet of renewal leases and 235,000 square feet of new leases.

Portfolio Pulse from

November 14, 2024 | 1:45 pm

The article recommends Visa and Rexford as top dividend-growth finance stocks to consider buying in November for investors seeking a growing income stream.

Portfolio Pulse from

November 07, 2024 | 2:45 pm

Scotiabank has downgraded Rexford Industrial Realty from Sector Outperform to Sector Perform and reduced its price target from $55 to $48.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 12:34 pm

Rexford Industrial Realty has announced the appointment of Michael Fitzmaurice as the new CFO, while current CFO Laura Clark will be promoted to COO, effective November 18, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:17 pm

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