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Rexford Industrial Realty Inc Stock Research

REXR

54.31USD+0.98(+1.84%)Market Closed

Market Summary

USD54.31+0.98
Market Closed
1.84%

REXR Alerts

REXR Stock Price

REXR RSI Chart

REXR Valuation

Market Cap

10.9B

Price/Earnings (Trailing)

60.02

Price/Sales (Trailing)

16.11

Price/Free Cashflow

30.66

REXR Price/Sales (Trailing)

REXR Profitability

Return on Equity

2.56%

Return on Assets

1.81%

Free Cashflow Yield

3.26%

REXR Fundamentals

REXR Revenue

Revenue (TTM)

676.7M

Revenue Y/Y

32.31%

Revenue Q/Q

4.28%

REXR Earnings

Earnings (TTM)

181.7M

Earnings Y/Y

30.36%

Earnings Q/Q

39.81%

Price Action

52 Week Range

48.7468.27
(Low)(High)

Last 7 days

-0.4%

Last 30 days

-1.2%

Last 90 days

-11.8%

Trailing 12 Months

-16.1%

REXR Financial Health

Debt/Equity

0.3

Debt/Cashflow

0.17

REXR Investor Care

Dividend Yield

2.44%

Dividend/Share (TTM)

1.33

Shares Dilution (1Y)

25.00%

Diluted EPS (TTM)

0.95

Peers (Alternatives to Rexford Industrial Realty)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
50.6B
4.3B
2.15% -9.25%
11.63
11.76
18.80% 113.99%
30.7B
4.9B
11.09% -20.60%
82.21
6.26
9.82% -73.28%
23.9B
2.0B
1.22% -17.50%
26.03
12.09
-20.93% -31.79%
19.7B
2.7B
-5.04% -29.61%
26.3
7.37
18.91% 81.13%
13.2B
1.7B
-4.07% -25.83%
104.43
7.61
15.49% -81.09%
MID-CAP
7.4B
1.1B
-5.20% -18.16%
19.11
6.81
10.19% 46.60%
4.4B
814.4M
-1.62% -1.09%
480.55
5.4
63.41% 107.43%
2.7B
1.8B
5.65% -56.49%
-7.41
1.51
9.23% -286.27%
2.2B
857.9M
-0.88% -10.58%
-24.97
2.55
-1.75% -315.36%
SMALL-CAP
2.2B
421.5M
12.13% 24.54%
24.84
5.24
1.34% 437.34%
1.6B
862.4M
10.30% -57.28%
-12.39
1.8
7.01% -127.00%
1.3B
184.6M
12.03% 36.81%
13.6
6.79
2.55% 1950.56%
979.6M
745.2M
2.04% -49.37%
-25.75
1.31
2.17% -183.81%

Financials for Rexford Industrial Realty

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue7.2%677631585538493
  S&GA Expenses5.4%68.0064.0060.0056.0052.00
Interest Expenses8.3%53.0048.0045.0041.0040.00
Net Income8.4%182168162160146
Net Income Margin-3.8%0.27*0.28*0.30*0.30*-
Free Cahsflow4.9%328312293287-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets10.6%10,2399,2598,8997,8797,264
    Cash Equivalents589.4%25437.0037.0034.0049.00
Liabilities14.8%2,6812,3362,3522,0271,876
  Long Term Debt15.2%2,2311,9361,9341,6611,524
Shareholder's Equity9.6%7,1876,5576,1845,8525,388
  Additional Paid-In Capital9.8%7,3006,6476,2555,5575,134
Shares Outstanding6.2%201189183171161
Minority Interest1.4%372366362357299
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations8.5%356328312293287
  Share Based Compensation7.5%31.0028.0025.0023.0021.00
Cashflow From Investing-12.0%-2,743-2,449-2,615-2,513-2,211
Cashflow From Financing23.4%2,6092,1142,2802,1911,850
  Dividend Payments10.4%223202181160140

Risks for REXR

What is the probability of a big loss on REXR?

40.8%


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

30.8%


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

17.4%


7-Year Cumulative Returns

13.4%


5-Year Cumulative Returns

12.3%


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
2023-06-01
MACQUARIE GROUP LTD
added
255
30,935,400
41,684,400
0.05%
2023-06-01
PRELUDE CAPITAL MANAGEMENT, LLC
reduced
-19.4
-358,717
2,628,180
0.16%
2023-05-26
ProShare Advisors LLC
reduced
-67.55
-1,223,580
671,122
-%
2023-05-23
Toroso Investments, LLC
added
226
3,543,000
4,922,000
0.08%
2023-05-23
Brookfield Corp /ON/
reduced
-24.99
-10,891,400
49,238,600
0.19%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-29.57
-5,198,850
19,089,100
0.01%
2023-05-19
Anson Funds Management LP
added
253
2,969,030
4,006,090
0.33%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
added
7.29
1,721,000
11,769,000
0.02%
2023-05-18
JPMORGAN CHASE & CO
reduced
-8.97
-1,203,000
191,666,000
0.02%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
added
0.39
657,432
12,638,200
0.13%

1–10 of 48

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

MarketBeat
American Century Companies Inc. Raises Holdings in Rexford ....
MarketBeat,
16 hours ago
Marketscreener.com

Schedule 13G FIlings of Rexford Industrial Realty

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 15, 2023
principal real estate investors llc
5.81%
10,662,033
SC 13G/A
Feb 14, 2023
price t rowe associates inc /md/
5.3%
10,432,222
SC 13G
Feb 14, 2023
tishman capital partners managed income fund llc
5.10%
175,808
SC 13G/A
Feb 09, 2023
vanguard group inc
13.23%
25,836,143
SC 13G/A
Feb 06, 2023
state street corp
5.09%
9,940,633
SC 13G/A
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

REXR Fair Value

Show Fair-Value

Recent SEC filings of Rexford Industrial Realty

View All Filings
Date Filed Form Type Document
May 15, 2023
8-K
Current Report
May 12, 2023
424B5
Prospectus Filed
May 10, 2023
424B5
Prospectus Filed
May 02, 2023
4
Insider Trading
Apr 28, 2023
144
Notice of Insider Sale Intent
Apr 25, 2023
4
Insider Trading
Apr 24, 2023
10-Q
Quarterly Report
Apr 19, 2023
8-K
Current Report
Apr 18, 2023
ARS
ARS
Apr 17, 2023
DEF 14A
DEF 14A

Latest Insider Trading transactions for REXR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-04-28
Schwimmer Howard
sold
-1,986,090
55.9384
-35,505
co-ceo, co-president
2023-04-21
Schwimmer Howard
acquired
-
-
35,505
co-ceo, co-president
2023-03-14
Lanzer David E.
sold
-975,891
58.1649
-16,778
general counsel & secretary
2023-03-13
Lanzer David E.
acquired
-
-
16,778
general counsel & secretary
2022-11-05
Schwimmer Howard
gifted
-
-
-222
co-ceo, co-president
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
2022-07-19
Schwimmer Howard
gifted
-
-
-119
co-ceo, co-president
2022-06-15
Schwimmer Howard
sold
-988,408
59.9035
-16,500
co-ceo, co-president

1–10 of 50

About Rexford Industrial Realty

REXR Income Statement

2023-03-31
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES  
Rental income$ 185,164$ 140,588
Management and leasing services190163
Interest income8821
TOTAL REVENUES186,236140,752
OPERATING EXPENSES  
Property expenses42,82533,429
General and administrative18,19714,717
Depreciation and amortization59,42942,471
TOTAL OPERATING EXPENSES120,45190,617
OTHER EXPENSES  
Other expenses64738
Interest expense13,7019,683
TOTAL EXPENSES134,799100,338
Gains on sale of real estate12,1338,486
NET INCOME63,57048,900
Less: net income attributable to noncontrolling interests(3,064)(2,484)
NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC.60,50646,416
Less: preferred stock dividends(2,314)(2,314)
Less: earnings allocated to participating securities(320)(201)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$ 57,872$ 43,901
Net income attributable to common stockholders - basic (in dollars per share)$ 0.30$ 0.27
Net income attributable to common stockholders - diluted (in dollars per share)$ 0.30$ 0.27
Weighted average shares of common stock outstanding - basic (in shares)195,366,969160,628,843
Weighted average shares of common stock outstanding - diluted (in shares)195,779,007161,048,592

REXR Balance Sheet

2023-03-31
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS  
Land$ 6,334,926$ 5,841,195
Buildings and improvements3,671,3843,370,494
Tenant improvements153,019147,632
Furniture, fixtures and equipment132132
Construction in progress102,633110,934
Total real estate held for investment10,262,0949,470,387
Accumulated depreciation(652,722)(614,332)
Investments in real estate, net9,609,3728,856,055
Cash and cash equivalents253,61836,786
Restricted cash16,2390
Rents and other receivables, net13,84515,227
Deferred rent receivable, net94,98088,144
Deferred leasing costs, net47,73945,080
Deferred loan costs, net4,4744,829
Acquired lease intangible assets, net161,339169,986
Acquired indefinite-lived intangible5,1565,156
Interest rate swap asset6,94711,422
Other assets21,81124,973
Acquisition related deposits3,6251,625
Total Assets10,239,1459,259,283
Liabilities  
Notes payable2,230,6871,936,381
Interest rate swap liability8350
Accounts payable, accrued expenses and other liabilities110,27297,496
Dividends and distributions payable79,37062,033
Acquired lease intangible liabilities, net138,339147,384
Tenant security deposits77,02971,935
Prepaid rents44,30320,712
Total Liabilities2,680,8352,335,941
Rexford Industrial Realty, Inc. stockholders’ equity  
Common Stock, $0.01 par value per share, 489,950,000 authorized and 200,784,130 and 189,114,129 shares outstanding at March 31, 2023 and December 31, 2022, respectively2,0081,891
Additional paid-in capital7,299,8376,646,867
Cumulative distributions in excess of earnings(273,849)(255,743)
Accumulated other comprehensive income3,1178,247
Total stockholders’ equity7,186,7896,556,938
Noncontrolling interests371,521366,404
Total Equity7,558,3106,923,342
Total Liabilities and Equity10,239,1459,259,283
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