| Market cap | $10.35B |
|---|---|
| Enterprise value | $12.71B |
| Revenue | $825.686M |
|---|---|
| EBITDA | $559.740M |
| Income | $228.216M |
| Revenue Q/Q | 14.96% |
| Revenue Y/Y | 22.02% |
| P/E | 41.90 |
|---|---|
| Forward P/E | N/A |
| EV/Sales | 15.39 |
| EV/EBITDA | 22.71 |
| EV/EBIT | 42.19 |
| PEG | 10.34 |
| Price/Sales | 12.53 |
| P/FCF | N/A |
| Price/Book | 1.33 |
| Book/Share | 34.29 |
| Cash/Share | 1.55 |
| FCF yield | -14.50% |
| Volume | 1.581M / 1.935M |
|---|---|
| Relative vol. | 0.82 × |
| EPS | 1.09 |
|---|---|
| EPS Q/Q | -8.70% |
| Est. EPS Q/Q | 0.00% |
| Profit margin | 29.83% |
|---|---|
| Oper. margin | 37.35% |
| Gross margin | 76.88% |
| EBIT margin | 36.48% |
| EBITDA margin | 67.79% |
| Ret. on assets | 2.17% |
|---|---|
| Ret. on equity | 3.14% |
| ROIC | 3.08% |
| ROCE | 2.43% |
| Debt/Equity | 0.36 |
|---|---|
| Net debt/EBITDA | 16.86 |
| Current ratio | 0.94 |
| Quick ratio | 0.89 |
| Volatility | 1.92% |
|---|---|
| Beta | 1.23 |
| RSI | 58.53 |
|---|
| Insider ownership | N/A |
|---|---|
| Inst. ownership | N/A |
| Shares outst. | 217.821M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 7.61% |
| Short ratio | 5.82 |
| Dividend | $1.60 |
|---|---|
| Dividend yield | 3.50% |
| Payout ratio | 146.33% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 17 Jul 2024 |
Monday, 17 June 2024
|
|
| Rexford Industrial Announces Leadership Transition Plans | |
Thursday, 28 March 2024
|
|
| Blackstone Sells $1 Billion of California Warehouses to Rexford | |
Monday, 25 March 2024
|
|
| Rexford Industrial Announces Proposed Offering of Exchangeable Senior Notes due 2027 and Exchangeable Senior Notes due 2029 | |
Friday, 1 March 2024
|
|
| Rexford Industrial to Present at the Citi 2024 Global Property CEO Conference | |
Thursday, 8 February 2024
|
|
| These Industrial REITs Just Hiked Their Dividends by Up to 15.6% | |
| Rexford Industrial Realty, Inc. Q4 2023 Earnings Call Transcript | |
Monday, 13 November 2023
|
|
| Three REITs That Beat Estimates And Received Analyst Upgrades | |
Monday, 30 October 2023
|
|
| 10 Low Risk High Reward Stocks Set to Triple By 2027 | |
Monday, 25 September 2023
|
|
| Could This Little-Known Stock Be the Best Way to Invest in Real Estate's Hottest Subsector? | |
Monday, 18 September 2023
|
|
| Rexford Industrial Announces Dates for Third Quarter 2023 Earnings Release and Conference Call | |
Thursday, 7 September 2023
|
|
| If You Invested $10,000 in Rexford Industrial Realty 5 Years Ago, Here's How Much You Would Be Making In Dividends Today | |
Wednesday, 16 August 2023
|
|
| Port Strike's "Gift" to Rexford This Holiday Season Could Be a Lump of Coal | |
Wednesday, 26 July 2023
|
|
| Multiple Reasons for the Decline of Rexford Industrial Realty in Q2 | |
Wednesday, 19 July 2023
|
|
| Rexford Industrial Announces Second Quarter 2023 Financial Results | |
Thursday, 6 July 2023
|
|
| 3 Top Industrial REITs Ranked | |
Saturday, 1 July 2023
|
|
| These 3 Dividend Stocks Have Drubbed the Dow for a Decade: Here's Why They Can Keep That Going | |
Wednesday, 28 June 2023
|
|
| Better Buy: Prologis or Rexford Industrial? | |
Friday, 23 June 2023
|
|
| 2 Industrial REITs Worth Your Consideration Along With Industry Giant Prologis | |
Tuesday, 13 June 2023
|
|
| 3 REITs Hit With New Downgrades To Start The Week | |
Saturday, 20 May 2023
|
|
| This Emerging Megatrend Will Be a Huge Boon for These Dividend Stocks | |
Sunday, 7 May 2023
|
|
| Like Prologis? Here's Another Industrial REIT You Should Take a Look At | |
Thursday, 27 April 2023
|
|
| Industrial REITs Are Gaining Steam | |
Friday, 21 April 2023
|
|
| Q1 2023 Rexford Industrial Realty Inc Earnings Call | |
Sunday, 9 April 2023
|
|
| 3 Industrial REIT Stocks to Buy in April | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| David E. Lanzer General Counsel and Secretary | Sale 12 Feb 2024 | $954,374 |
| Laura E Clark Chief Financial Officer | Sale 28 Jul 2023 | $403,697 |
| Howard Schwimmer Co-CEO and Co-President | Sale 28 Apr 2023 | $1,986,150 |
| David E. Lanzer General Counsel and Secretary | Sale 13 Mar 2023 | $975,808 |
| Howard Schwimmer Co-CEO and Co-President | Sale 1 Aug 2022 | $1,001,895 |
| Howard Schwimmer Co-CEO and Co-President | Sale 25 Jul 2022 | $1,019,384 |
| Howard Schwimmer Co-CEO and Co-President | Sale 15 Jun 2022 | $988,350 |
| David E. Lanzer General Counsel and Secretary | Sale 14 Feb 2022 | $827,453 |
| Michael S. Frankel Co-CEO and Co-President | Sale 9 Nov 2021 | $8,010,900 |
| David E. Lanzer General Counsel and Secretary | Sale 5 Aug 2021 | $869,540 |
| Michael S. Frankel Co-CEO and Co-President | Sale 29 Apr 2021 | $769,743 |
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Price target
Current $45.28
Average $52.62
Low $47
High $62
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +20.63% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 3.50% | Growth period | 10 years |
| Last dividend date | Yield 3 years | 2.84% | Growth 3 years | +20.91% | |
| Last dividend | Yield 5 years | 2.29% | Growth 5 years | +18.89% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Howard Schwimmer (59) Co-Chief Executive Officer and Director since 2013 | 59 | 2013 | $6,012,150 |
| Michael Frankel (57) Co-Chief Executive Officer and Director since 2013 | 57 | 2013 | $6,012,150 |
| David Lanzer (47) General Counsel and Secretary since 2016 | 47 | 2016 | $1,612,140 |
| Michael S. Frankel (58) Co-CEO and Director | 58 | $1,450,685 | |
| Howard Schwimmer (60) Co-CEO and Director | 60 | $1,450,685 | |
| David E. Lanzer (48) Gen. Counsel and Sec. | 48 | $878,810 | |
| Laura Elizabeth Clark (41) Chief Financial Officer | 41 | $560,138 | |
| Richard Ziman (77) Chairman of the Board since 2013 | 77 | 2013 | $319,975 |
| Steven Good (78) Independent Director since 2013 | 78 | 2013 | $176,991 |
| Tyler Rose (59) Independent Director since 2015 | 59 | 2015 | $170,991 |
| Robert Antin (70) Independent Director since 2013 | 70 | 2013 | $165,991 |
| Peter Schwab (76) Independent Director since 2014 | 76 | 2014 | $158,991 |
| Diana Ingram (62) Independent Director since 2018 | 62 | 2018 | $152,991 |
| Laura Clark | 2020 | ||
| Víctor J. Ramírez | |||
| Cher Riban CPA | |||
| Kosta Karmaniolas | |||
| VÃctor J. RamÃrez | |||
| Carlos Serra | |||
| Bruce Herbkersman | |||
| Patrick Schlehuber | |||
| Trina Schnapp | |||
| Stephen Swett | |||
| Laura Elizabeth Clark CFA |
rexford industrial (nyse: rexr) is a real estate investment trust focused on owning and operating industrial properties in southern california in-fill markets. the company owns interests in 116 properties with approximately 11.4 million rentable square feet and manages an additional 19 properties with approximately 1.2 million rentable square feet. for additional information, visit www.rexfordindustrial.com.
- Real Estate > Industrial REITs
- Rexford Industrial Realty Inc, 11620 Wilshire Boulevard, Los Angeles 90025, United States
- 310-966-1680
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +20.63% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 3.50% | Growth period | 10 years |
| Last dividend date | Yield 3 years | 2.84% | Growth 3 years | +20.91% | |
| Last dividend | Yield 5 years | 2.29% | Growth 5 years | +18.89% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $336.96 | $33.444 | |||
| Short term investments | |||||
| Net receivables | $148.59 | $140.819 | |||
| Inventory | |||||
| Total current assets | |||||
| Long term investments | |||||
| Property, plant & equipment | $11,432.908 | $10,373.933 | |||
| Goodwill & intangible assets | $228.854 | $158.826 | |||
| Total noncurrent assets | |||||
| Total investments | $122.899 | $122.784 | |||
| Total assets | $12,381.123 | $10,929.829 | |||
| Current liabilities | |||||
| Accounts payable | $148.92 | $128.842 | |||
| Deferred revenue | $110.727 | $115.002 | |||
| Short long term debt | |||||
| Total current liabilities | |||||
| Long term debt | |||||
| Total noncurrent liabilities | |||||
| Total debt | $3,349.12 | $2,225.914 | |||
| Total liabilities | $3,965.844 | $2,785.924 | |||
| Stockholders' equity | |||||
| Retained earnings | -$370.72 | -$338.835 | |||
| Other stockholder equity | $13.922 | $7.172 | |||
| Total stockholder equity | $8,034.183 | $7,766.917 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $33.444 | $36.786 | ||
| Short term investments | ||||
| Net receivables | $140.819 | $103.371 | ||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $10,373.933 | $8,856.055 | ||
| Goodwill & intangible assets | $158.826 | $175.142 | ||
| Total noncurrent assets | ||||
| Total investments | $122.784 | |||
| Total assets | $10,929.829 | $9,259.283 | ||
| Current liabilities | ||||
| Accounts payable | $128.842 | $97.496 | ||
| Deferred revenue | $115.002 | $20.712 | ||
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $2,225.914 | $1,936.381 | ||
| Total liabilities | $2,785.924 | $2,335.941 | ||
| Stockholders' equity | ||||
| Retained earnings | -$338.835 | -$255.743 | ||
| Other stockholder equity | $7.172 | $8.247 | ||
| Total stockholder equity | $7,766.917 | $6,556.938 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $214.096 | $210.425 | |||
| Cost of revenue | $47.482 | $49.259 | |||
| Gross profit | $166.614 | $161.166 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $19.98 | $19.988 | |||
| Total operating expenses | $86.258 | $85.827 | |||
| Operating income | $80.356 | $75.339 | |||
| Income from continuing operations | |||||
| EBIT | $76.042 | $78.921 | |||
| Income tax expense | |||||
| Interest expense | $14.671 | $14.57 | |||
| Net income | |||||
| Net income | $61.371 | $64.351 | |||
| Income (for common shares) | $58.639 | $61.679 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $797.826 | $631.204 | ||
| Cost of revenue | $184.479 | $150.503 | ||
| Gross profit | $613.347 | $480.701 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $75.027 | $64.264 | ||
| Total operating expenses | $319.537 | $261.058 | ||
| Operating income | $293.81 | $219.643 | ||
| Income from continuing operations | ||||
| EBIT | $299.416 | $216.08 | ||
| Income tax expense | ||||
| Interest expense | $61.4 | $48.496 | ||
| Net income | ||||
| Net income | $238.016 | $167.584 | ||
| Income (for common shares) | $227.449 | $157.481 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $61.371 | $64.351 | |||
| Operating activities | |||||
| Depreciation | $66.278 | $65.839 | |||
| Business acquisitions & disposals | |||||
| Stock-based compensation | $9.088 | $9.338 | |||
| Total cash flows from operations | $133.756 | $115.987 | |||
| Investing activities | |||||
| Capital expenditures | -$1,153.782 | -$280.966 | |||
| Investments | -$122.7 | ||||
| Total cash flows from investing | -$1,153.782 | -$403.666 | |||
| Financing activities | |||||
| Dividends paid | -$83.733 | -$81.419 | |||
| Sale and purchase of stock | $290.116 | $324.998 | |||
| Net borrowings | $1,122.259 | -$2.58 | |||
| Total cash flows from financing | $1,323.542 | $237.855 | |||
| Effect of exchange rate | |||||
| Change in cash and equivalents | $303.516 | -$49.824 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $238.016 | $167.584 | ||
| Operating activities | ||||
| Depreciation | $244.51 | $196.794 | ||
| Business acquisitions & disposals | ||||
| Stock-based compensation | $33.638 | $28.426 | ||
| Total cash flows from operations | $427.548 | $327.695 | ||
| Investing activities | ||||
| Capital expenditures | -$1,553.746 | -$2,449.21 | ||
| Investments | -$122.7 | |||
| Total cash flows from investing | -$1,676.446 | -$2,449.21 | ||
| Financing activities | ||||
| Dividends paid | -$302.188 | -$210.484 | ||
| Sale and purchase of stock | $1,275.732 | $1,809.231 | ||
| Net borrowings | $286.392 | $530.094 | ||
| Total cash flows from financing | $1,245.556 | $2,114.303 | ||
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$3.342 | -$7.212 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q2 | First Financial Bank - Trust Division |
+5.80%
|
53,659 | $2,392,661 |
| 2024 Q2 | Massmutual Trust Co Fsb/adv |
+169.42%
|
555 | $24,747 |
| 2024 Q1 | Cbre Investment Management Listed Real Assets |
+10.37%
|
3,560,376 | $179,086,913 |
| 2024 Q1 | Caisse De Depot Et Placement Du Quebec |
Opened
|
183,000 | $9,204,900 |
| 2024 Q1 | Lasalle Investment Management Securities |
-12.36%
|
1,005,255 | $50,564,327 |
| 2024 Q1 | Davis Selected Advisers |
+31.60%
|
209,610 | $10,543,383 |
| 2024 Q1 | Anson Funds Management L.P. |
+111.13%
|
54,107 | $2,721,582 |
| 2024 Q1 | Ar Asset Management Inc |
+106.81%
|
48,600 | $2,445 |
| 2024 Q1 | Hilton Capital Management |
Opened
|
23,372 | $1,175,612 |
| 2024 Q1 | Aegon Asset Management Uk PLC |
Opened
|
12,463 | $626 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Cbre Investment Management Listed Real Assets | 1.63% | 3,560,376 | |
| Lasalle Investment Management Securities | 0.46% | 1,005,255 | |
| Ranger Global Real Estate Advisors | 0.15% | 322,691 | |
| Adelante Capital Management | 0.14% | 298,836 | |
| Pacer Advisors | 0.10% | 217,938 | |
| Davis Selected Advisers | 0.10% | 209,610 | |
| Caisse De Depot Et Placement Du Quebec | 0.08% | 183,000 | |
| Amalgamated | 0.05% | 110,235 | |
| Vert Asset Management | 0.04% | 87,783 | |
| Anson Funds Management L.P. | 0.02% | 54,107 |
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