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Rexford Industrial Realty Inc Stock Research

REXR

63.18USD+1.17(+1.89%)Market Closed

Market Summary

USD63.18+1.17
Market Closed
1.89%

REXR Stock Price

REXR RSI Chart

REXR Valuation

Market Cap

11.5B

Price/Earnings (Trailing)

71.41

Price/Sales (Trailing)

19.71

Price/Free Cashflow

36.92

REXR Price/Sales (Trailing)

REXR Profitability

Return on Equity

2.61%

Return on Assets

1.82%

Free Cashflow Yield

2.71%

REXR Fundamentals

REXR Revenue

Revenue (TTM)

585.3M

Revenue Y/Y

41.02%

Revenue Q/Q

9.14%

REXR Earnings

Earnings (TTM)

161.5M

Earnings Y/Y

3.33%

Earnings Q/Q

1.73%

Price Action

52 Week Range

48.7483.72
(Low)(High)

Last 7 days

4.9%

Last 30 days

19.3%

Last 90 days

14.1%

Trailing 12 Months

-7.1%

REXR Financial Health

Debt/Equity

0.31

Debt/Cashflow

0.16

REXR Investor Care

Dividend Yield

1.88%

Dividend/Share (TTM)

1.19

Shares Dilution (1Y)

31.58%

Diluted EPS (TTM)

0.93

Peers (Alternatives to Rexford Industrial Realty)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
52.5B
4.0B
7.67% -8.93%
11.52
13.06
24.01% 170.44%
36.1B
4.0B
11.78% -8.09%
14.04
7.05
-3.96% -2.35%
32.0B
4.6B
11.98% -21.93%
22.2
7
4.35% 106.20%
23.9B
2.5B
12.96% -11.45%
44.1
9.58
24.01% -42.18%
23.8B
2.7B
8.93% -25.05%
20.82
8.78
11.91% 8.14%
13.1B
1.7B
-4.07% -13.87%
50.83
7.71
40.37% -73.28%
MID-CAP
9.0B
1.0B
11.82% -6.19%
23.51
8.63
14.39% 59.45%
4.7B
760.3M
4.25% 8.52%
-42.67
6.22
172.75% -1146.68%
4.5B
-
12.49% -36.11%
28.41
13.26
-77.01% 441.99%
2.9B
828.2M
23.71% -12.14%
-34.67
3.55
9.54% 46.68%
2.6B
-
20.65% -40.24%
-39.69
2.65
-9.84% -109.68%
SMALL-CAP
2.0B
-
9.49% 23.30%
23.66
4.36
4.67% 1705.32%
1.4B
740.6M
12.63% -22.19%
528.1
1.92
2.16% 107.41%
1.1B
195.1M
8.56% 15.83%
3.83
5.82
20.60% 1640.65%

Financials for Rexford Industrial Realty

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue8.8%585538493452408
  S&GA Expenses5.6%6056524943
Interest Expenses11.2%4541404038
Net Income0.8%162160146128109
Net Income Margin-7.4%0.28*0.30*0.30*0.28*-
Free Cahsflow6.8%312293287231-
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets12.9%8,8997,8797,2646,7816,224
    Cash Equivalents8.2%3734494460
Liabilities16.0%2,3522,0271,8761,7131,696
  Long Term Debt16.5%1,9341,6611,5241,4001,387
Shareholder's Equity5.7%6,1845,8525,3884,7854,528
  Additional Paid-In Capital12.6%6,2555,5575,1344,8284,284
Shares Outstanding6.7%183171165161139
Minority Interest1.4%362357299283288
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations6.8%312293287231216
  Share Based Compensation7.8%2523212016
Cashflow From Investing-4.1%-2,615.87-2,513.84-2,211.99-1,912.77-2,118.15
Cashflow From Financing4.1%2,2802,1911,8501,5481,676
  Dividend Payments13.0%181160140130120

Risks for REXR

What is the probability of a big loss on REXR?

33.9%


Probability that Rexford Industrial Realty stock will be more than 20% underwater in next one year

26.1%


Probability that Rexford Industrial Realty stock will be more than 30% underwater in next one year.

0%


Probability that Rexford Industrial Realty stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does REXR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Rexford Industrial Realty was unfortunately bought at previous high price.

Drawdowns

Returns for REXR

Cumulative Returns on REXR

23.8%


7-Year Cumulative Returns

18.6%


5-Year Cumulative Returns

11.2%


3-Year Cumulative Returns

What are the long-term rolling returns for REXR?

FIve years rolling returns for Rexford Industrial Realty.

Annualized Returns

Which funds bought or sold REXR recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 50

Latest Funds Activity

Are funds buying REXR calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own REXR
No. of Funds

Rexford Industrial Realty News

MarketWatch

Prologis Inc. stock outperforms market on strong trading day.

MarketWatch,
3 hours ago

GuruFocus.com

Schedule 13G FIlings of Rexford Industrial Realty

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

REXR Fair Value

Recent SEC filings of Rexford Industrial Realty

View All Filings
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

Latest Insider Trading transactions for REXR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

About Rexford Industrial Realty

REXR Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended9 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 services163136456350
Interest income37536
TOTAL REVENUES162,747115,403452,617319,526
OPERATING EXPENSES    
Property expenses39,61427,501108,44875,631
General and administrative14,95111,80644,53133,981
Depreciation and amortization51,14638,676140,226110,048
TOTAL OPERATING EXPENSES105,71177,983293,205219,660
OTHER EXPENSES    
Other expenses413474635
Interest expense14,97510,42734,82629,772
TOTAL EXPENSES121,09988,414328,777249,467
Loss on extinguishment of debt0(505)(877)(505)
Gains on sale of real estate013,7028,48627,312
NET INCOME41,64840,186131,44996,866
Less: net income attributable to noncontrolling interests(2,368)(2,173)(7,142)(5,852)
NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC.39,28038,013124,30791,014
Less: preferred stock dividends(2,314)(2,976)(6,943)(10,249)
Less: original issuance costs of redeemed preferred stock0(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)171,908,895138,762,384165,852,466134,922,168
Weighted average shares of common stock outstanding - diluted (in shares)172,831,173139,630,475166,401,434135,429,176

REXR Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS  
Land$ 5,559,795$ 4,143,021
Buildings and improvements3,275,5722,588,836
Tenant improvements141,413127,708
Furniture, fixtures and equipment132132
Construction in progress88,54571,375
Total real estate held for investment9,065,4576,931,072
Accumulated depreciation(576,004)(473,382)
Investments in real estate, net8,489,4536,457,690
Cash and cash equivalents37,14143,987
Restricted cash011
Rents and other receivables, net12,59211,027
Deferred rent receivable, net81,86761,511
Deferred leasing costs, net42,75832,940
Deferred loan costs, net5,1841,961
Acquired lease intangible assets, net175,913132,158
Acquired indefinite-lived intangible5,1565,156
Interest rate swap asset12,5650
Other assets27,86819,066
Acquisition related deposits8,2008,445
Assets associated with real estate held for sale07,213
Total Assets8,898,6976,781,165
Liabilities  
Notes payable1,934,0821,399,565
Interest rate swap liability07,482
Accounts payable, accrued expenses and other liabilities113,77065,833
Dividends and distributions payable59,92640,143
Acquired lease intangible liabilities, net154,851127,017
Tenant security deposits69,75657,370
Prepaid rents19,99215,829
Liabilities associated with real estate held for sale0231
Total Liabilities2,352,3771,713,470
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, respectively1,8261,605
Additional paid-in capital6,254,8534,828,292
Cumulative distributions in excess of earnings(237,135)(191,120)
Accumulated other comprehensive loss9,223(9,874)
Total stockholders’ equity6,184,4434,784,579
Noncontrolling interests361,877283,116
Total Equity6,546,3205,067,695
Total Liabilities and Equity8,898,6976,781,165
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:72,44372,443
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