Last 7 days
4.9%
Last 30 days
19.3%
Last 90 days
14.1%
Trailing 12 Months
-7.1%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 52.5B | 4.0B | 7.67% | -8.93% | 11.52 | 13.06 | 24.01% | 170.44% |
SPG | 36.1B | 4.0B | 11.78% | -8.09% | 14.04 | 7.05 | -3.96% | -2.35% |
DLR | 32.0B | 4.6B | 11.98% | -21.93% | 22.2 | 7 | 4.35% | 106.20% |
ARE | 23.9B | 2.5B | 12.96% | -11.45% | 44.1 | 9.58 | 24.01% | -42.18% |
EQR | 23.8B | 2.7B | 8.93% | -25.05% | 20.82 | 8.78 | 11.91% | 8.14% |
KIM | 13.1B | 1.7B | -4.07% | -13.87% | 50.83 | 7.71 | 40.37% | -73.28% |
MID-CAP | ||||||||
FRT | 9.0B | 1.0B | 11.82% | -6.19% | 23.51 | 8.63 | 14.39% | 59.45% |
KRG | 4.7B | 760.3M | 4.25% | 8.52% | -42.67 | 6.22 | 172.75% | -1146.68% |
VNO | 4.5B | - | 12.49% | -36.11% | 28.41 | 13.26 | -77.01% | 441.99% |
MAC | 2.9B | 828.2M | 23.71% | -12.14% | -34.67 | 3.55 | 9.54% | 46.68% |
SLG | 2.6B | - | 20.65% | -40.24% | -39.69 | 2.65 | -9.84% | -109.68% |
SMALL-CAP | ||||||||
SKT | 2.0B | - | 9.49% | 23.30% | 23.66 | 4.36 | 4.67% | 1705.32% |
PGRE | 1.4B | 740.6M | 12.63% | -22.19% | 528.1 | 1.92 | 2.16% | 107.41% |
AIV | 1.1B | 195.1M | 8.56% | 15.83% | 3.83 | 5.82 | 20.60% | 1640.65% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Revenue | 8.8% | 585 | 538 | 493 | 452 | 408 |
S&GA Expenses | 5.6% | 60 | 56 | 52 | 49 | 43 |
Interest Expenses | 11.2% | 45 | 41 | 40 | 40 | 38 |
Net Income | 0.8% | 162 | 160 | 146 | 128 | 109 |
Net Income Margin | -7.4% | 0.28* | 0.30* | 0.30* | 0.28* | - |
Free Cahsflow | 6.8% | 312 | 293 | 287 | 231 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Assets | 12.9% | 8,899 | 7,879 | 7,264 | 6,781 | 6,224 |
Cash Equivalents | 8.2% | 37 | 34 | 49 | 44 | 60 |
Liabilities | 16.0% | 2,352 | 2,027 | 1,876 | 1,713 | 1,696 |
Long Term Debt | 16.5% | 1,934 | 1,661 | 1,524 | 1,400 | 1,387 |
Shareholder's Equity | 5.7% | 6,184 | 5,852 | 5,388 | 4,785 | 4,528 |
Additional Paid-In Capital | 12.6% | 6,255 | 5,557 | 5,134 | 4,828 | 4,284 |
Shares Outstanding | 6.7% | 183 | 171 | 165 | 161 | 139 |
Minority Interest | 1.4% | 362 | 357 | 299 | 283 | 288 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Cashflow From Operations | 6.8% | 312 | 293 | 287 | 231 | 216 |
Share Based Compensation | 7.8% | 25 | 23 | 21 | 20 | 16 |
Cashflow From Investing | -4.1% | -2,615.87 | -2,513.84 | -2,211.99 | -1,912.77 | -2,118.15 |
Cashflow From Financing | 4.1% | 2,280 | 2,191 | 1,850 | 1,548 | 1,676 |
Dividend Payments | 13.0% | 181 | 160 | 140 | 130 | 120 |
33.9%
26.1%
0%
Y-axis is the maximum loss one would have experienced if Rexford Industrial Realty was unfortunately bought at previous high price.
23.8%
18.6%
11.2%
FIve years rolling returns for Rexford Industrial Realty.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-01-26 | OREGON PUBLIC EMPLOYEES RETIREMENT FUND | added | 5.81 | 289,921 | 2,885,920 | 0.04% |
2023-01-26 | Sumitomo Mitsui DS Asset Management Company, Ltd | added | 15.84 | 250,297 | 1,401,300 | 0.03% |
2023-01-26 | Manning & Napier Group, LLC | added | 0.03 | 501,728 | 10,297,700 | 0.13% |
2023-01-26 | DUPONT CAPITAL MANAGEMENT CORP | reduced | -6.88 | -17,621 | 786,379 | 0.04% |
2023-01-26 | Inspire Investing, LLC | added | 8.56 | 28,864 | 236,864 | 0.03% |
2023-01-26 | Riverview Trust Co | new | - | 13,000 | 13,000 | 0.01% |
2023-01-26 | STRS OHIO | added | 139.01 | 18,861,000 | 31,339,000 | 0.14% |
2023-01-26 | Accel Wealth Management | unchanged | - | 21 | 12,021 | 0.01% |
2023-01-26 | COMERICA BANK | reduced | -0.84 | 819,000 | 6,029,000 | 0.05% |
2023-01-26 | State of Tennessee, Treasury Department | added | 7.78 | -112,000 | 4,078,000 | 0.02% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Jan 23, 2023 | blackrock inc. | 12.3% | 23,960,942 | SC 13G/A | |
Feb 15, 2022 | principal real estate investors llc | 5.5% | 8,338,119 | SC 13G | |
Feb 04, 2022 | wellington management group llp | 4.78% | 7,239,736 | SC 13G/A | |
Jan 27, 2022 | blackrock inc. | 13.1% | 19,810,848 | SC 13G/A | |
Jan 26, 2022 | blackrock inc. | 13.1% | 19,810,848 | SC 13G/A | |
Oct 12, 2021 | pggm investments | 4.94% | 7 | SC 13G | |
Aug 26, 2021 | tishman capital partners managed income fund llc | 5.6% | 193,098 | SC 13G/A | |
Aug 23, 2021 | tishman capital partners managed income fund llc | 7.0% | 243,098 | SC 13G/A | |
Jun 16, 2021 | tishman capital partners managed income fund llc | 8.6% | 298,098 | SC 13G/A | |
May 04, 2021 | tishman capital partners managed income fund llc | 12.6% | 433,098 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Jan 23, 2023 | SC 13G/A | Major Ownership Report | |
Jan 19, 2023 | 4 | Insider Trading | |
Jan 19, 2023 | 4 | Insider Trading | |
Jan 12, 2023 | 4 | Insider Trading | |
Jan 12, 2023 | 4 | Insider Trading | |
Jan 12, 2023 | 4 | Insider Trading | |
Nov 15, 2022 | 8-K | Current Report | |
Nov 14, 2022 | 424B2 | Prospectus Filed | |
Nov 10, 2022 | 4 | Insider Trading | |
Nov 10, 2022 | 4 | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2022-09-01 | CLARK LAURA E | sold (taxes) | -33,101 | 62.22 | -532 | chief financial officer |
2022-08-01 | Schwimmer Howard | sold | -1,001,860 | 65.2675 | -15,350 | co-ceo, co-president |
2022-07-25 | Schwimmer Howard | sold | -1,019,360 | 62.1486 | -16,402 | co-ceo, co-president |
2022-06-15 | Schwimmer Howard | sold | -988,408 | 59.9035 | -16,500 | co-ceo, co-president |
2022-06-13 | ROSE TYLER H | acquired | - | - | 2,387 | - |
2022-06-13 | Ingram Diana J | acquired | - | - | 2,387 | - |
2022-06-13 | ZIMAN RICHARD S | acquired | - | - | 2,387 | - |
2022-06-13 | MORRIS DEBRA L | acquired | - | - | 2,387 | - |
2022-06-13 | ANTIN ROBERT L | acquired | - | - | 2,387 | - |
2022-06-13 | Kleiman Angela L. | acquired | - | - | 2,387 | - |
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
REVENUES | ||||
Rental income | $ 162,581 | $ 115,260 | $ 452,156 | $ 319,140 |
Management and leasing services | 163 | 136 | 456 | 350 |
Interest income | 3 | 7 | 5 | 36 |
TOTAL REVENUES | 162,747 | 115,403 | 452,617 | 319,526 |
OPERATING EXPENSES | ||||
Property expenses | 39,614 | 27,501 | 108,448 | 75,631 |
General and administrative | 14,951 | 11,806 | 44,531 | 33,981 |
Depreciation and amortization | 51,146 | 38,676 | 140,226 | 110,048 |
TOTAL OPERATING EXPENSES | 105,711 | 77,983 | 293,205 | 219,660 |
OTHER EXPENSES | ||||
Other expenses | 413 | 4 | 746 | 35 |
Interest expense | 14,975 | 10,427 | 34,826 | 29,772 |
TOTAL EXPENSES | 121,099 | 88,414 | 328,777 | 249,467 |
Loss on extinguishment of debt | 0 | (505) | (877) | (505) |
Gains on sale of real estate | 0 | 13,702 | 8,486 | 27,312 |
NET INCOME | 41,648 | 40,186 | 131,449 | 96,866 |
Less: net income attributable to noncontrolling interests | (2,368) | (2,173) | (7,142) | (5,852) |
NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC. | 39,280 | 38,013 | 124,307 | 91,014 |
Less: preferred stock dividends | (2,314) | (2,976) | (6,943) | (10,249) |
Less: original issuance costs of redeemed preferred stock | 0 | (3,349) | 0 | (3,349) |
Less: earnings allocated to participating securities | (201) | (143) | (605) | (423) |
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $ 36,765 | $ 31,545 | $ 116,759 | $ 76,993 |
Net income attributable to common stockholders - basic (in dollars per share) | $ 0.21 | $ 0.23 | $ 0.70 | $ 0.57 |
Net income attributable to common stockholders - diluted (in dollars per share) | $ 0.21 | $ 0.23 | $ 0.70 | $ 0.57 |
Weighted average shares of common stock outstanding - basic (in shares) | 171,908,895 | 138,762,384 | 165,852,466 | 134,922,168 |
Weighted average shares of common stock outstanding - diluted (in shares) | 172,831,173 | 139,630,475 | 166,401,434 | 135,429,176 |
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
---|---|---|
ASSETS | ||
Land | $ 5,559,795 | $ 4,143,021 |
Buildings and improvements | 3,275,572 | 2,588,836 |
Tenant improvements | 141,413 | 127,708 |
Furniture, fixtures and equipment | 132 | 132 |
Construction in progress | 88,545 | 71,375 |
Total real estate held for investment | 9,065,457 | 6,931,072 |
Accumulated depreciation | (576,004) | (473,382) |
Investments in real estate, net | 8,489,453 | 6,457,690 |
Cash and cash equivalents | 37,141 | 43,987 |
Restricted cash | 0 | 11 |
Rents and other receivables, net | 12,592 | 11,027 |
Deferred rent receivable, net | 81,867 | 61,511 |
Deferred leasing costs, net | 42,758 | 32,940 |
Deferred loan costs, net | 5,184 | 1,961 |
Acquired lease intangible assets, net | 175,913 | 132,158 |
Acquired indefinite-lived intangible | 5,156 | 5,156 |
Interest rate swap asset | 12,565 | 0 |
Other assets | 27,868 | 19,066 |
Acquisition related deposits | 8,200 | 8,445 |
Assets associated with real estate held for sale | 0 | 7,213 |
Total Assets | 8,898,697 | 6,781,165 |
Liabilities | ||
Notes payable | 1,934,082 | 1,399,565 |
Interest rate swap liability | 0 | 7,482 |
Accounts payable, accrued expenses and other liabilities | 113,770 | 65,833 |
Dividends and distributions payable | 59,926 | 40,143 |
Acquired lease intangible liabilities, net | 154,851 | 127,017 |
Tenant security deposits | 69,756 | 57,370 |
Prepaid rents | 19,992 | 15,829 |
Liabilities associated with real estate held for sale | 0 | 231 |
Total Liabilities | 2,352,377 | 1,713,470 |
Rexford Industrial Realty, Inc. stockholders’ equity | ||
Common Stock, $0.01 par value per share, 489,950,000 authorized and 182,576,706 and 160,511,482 shares outstanding at September 30, 2022 and December 31, 2021, respectively | 1,826 | 1,605 |
Additional paid-in capital | 6,254,853 | 4,828,292 |
Cumulative distributions in excess of earnings | (237,135) | (191,120) |
Accumulated other comprehensive loss | 9,223 | (9,874) |
Total stockholders’ equity | 6,184,443 | 4,784,579 |
Noncontrolling interests | 361,877 | 283,116 |
Total Equity | 6,546,320 | 5,067,695 |
Total Liabilities and Equity | 8,898,697 | 6,781,165 |
5.875% Series B Cumulative Redeemable Preferred Stock | ||
Rexford Industrial Realty, Inc. stockholders’ equity | ||
Preferred stock, $0.01 par value per share, 10,050,000 shares authorized: | 72,443 | 72,443 |
5.625% Series C Cumulative Redeemable Preferred Stock | ||
Rexford Industrial Realty, Inc. stockholders’ equity | ||
Preferred stock, $0.01 par value per share, 10,050,000 shares authorized: | $ 83,233 | $ 83,233 |