Rexford Industrial Realty Inc Stock Research

Market Summary

USD54.31+0.98

Market Closed

1.84%

REXR Alerts

1 major insider sales recently.
Big jump in Revenue (Y/Y)

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

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PSA	50.6B	4.3B	2.15%	-9.25%	11.63	11.76	18.80%	113.99%
DLR	30.7B	4.9B	11.09%	-20.60%	82.21	6.26	9.82%	-73.28%
EQR	23.9B	2.0B	1.22%	-17.50%	26.03	12.09	-20.93%	-31.79%
ARE	19.7B	2.7B	-5.04%	-29.61%	26.3	7.37	18.91%	81.13%
KIM	13.2B	1.7B	-4.07%	-25.83%	104.43	7.61	15.49%	-81.09%
MID-CAP
FRT	7.4B	1.1B	-5.20%	-18.16%	19.11	6.81	10.19%	46.60%
KRG	4.4B	814.4M	-1.62%	-1.09%	480.55	5.4	63.41%	107.43%
VNO	2.7B	1.8B	5.65%	-56.49%	-7.41	1.51	9.23%	-286.27%
MAC	2.2B	857.9M	-0.88%	-10.58%	-24.97	2.55	-1.75%	-315.36%
SMALL-CAP
SKT	2.2B	421.5M	12.13%	24.54%	24.84	5.24	1.34%	437.34%
SLG	1.6B	862.4M	10.30%	-57.28%	-12.39	1.8	7.01%	-127.00%
AIV	1.3B	184.6M	12.03%	36.81%	13.6	6.79	2.55%	1950.56%
PGRE	979.6M	745.2M	2.04%	-49.37%	-25.75	1.31	2.17%	-183.81%

Financials for Rexford Industrial Realty

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	7.2%	677	631	585	538	493
S&GA Expenses	5.4%	68.00	64.00	60.00	56.00	52.00
Interest Expenses	8.3%	53.00	48.00	45.00	41.00	40.00
Net Income	8.4%	182	168	162	160	146
Net Income Margin	-3.8%	0.27*	0.28*	0.30*	0.30*	-
Free Cahsflow	4.9%	328	312	293	287	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	10.6%	10,239	9,259	8,899	7,879	7,264
Cash Equivalents	589.4%	254	37.00	37.00	34.00	49.00
Liabilities	14.8%	2,681	2,336	2,352	2,027	1,876
Long Term Debt	15.2%	2,231	1,936	1,934	1,661	1,524
Shareholder's Equity	9.6%	7,187	6,557	6,184	5,852	5,388
Additional Paid-In Capital	9.8%	7,300	6,647	6,255	5,557	5,134
Shares Outstanding	6.2%	201	189	183	171	161
Minority Interest	1.4%	372	366	362	357	299

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	8.5%	356	328	312	293	287
Share Based Compensation	7.5%	31.00	28.00	25.00	23.00	21.00
Cashflow From Investing	-12.0%	-2,743	-2,449	-2,615	-2,513	-2,211
Cashflow From Financing	23.4%	2,609	2,114	2,280	2,191	1,850
Dividend Payments	10.4%	223	202	181	160	140

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.

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 ascending	Fund Name	Type	% 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%

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

Schedule 13G FIlings of Rexford Industrial Realty

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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 ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

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 services	190	163
Interest income	882	1
TOTAL REVENUES	186,236	140,752
OPERATING EXPENSES
Property expenses	42,825	33,429
General and administrative	18,197	14,717
Depreciation and amortization	59,429	42,471
TOTAL OPERATING EXPENSES	120,451	90,617
OTHER EXPENSES
Other expenses	647	38
Interest expense	13,701	9,683
TOTAL EXPENSES	134,799	100,338
Gains on sale of real estate	12,133	8,486
NET INCOME	63,570	48,900
Less: net income attributable to noncontrolling interests	(3,064)	(2,484)
NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC.	60,506	46,416
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)	195,366,969	160,628,843
Weighted average shares of common stock outstanding - diluted (in shares)	195,779,007	161,048,592

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 improvements	3,671,384	3,370,494
Tenant improvements	153,019	147,632
Furniture, fixtures and equipment	132	132
Construction in progress	102,633	110,934
Total real estate held for investment	10,262,094	9,470,387
Accumulated depreciation	(652,722)	(614,332)
Investments in real estate, net	9,609,372	8,856,055
Cash and cash equivalents	253,618	36,786
Restricted cash	16,239	0
Rents and other receivables, net	13,845	15,227
Deferred rent receivable, net	94,980	88,144
Deferred leasing costs, net	47,739	45,080
Deferred loan costs, net	4,474	4,829
Acquired lease intangible assets, net	161,339	169,986
Acquired indefinite-lived intangible	5,156	5,156
Interest rate swap asset	6,947	11,422
Other assets	21,811	24,973
Acquisition related deposits	3,625	1,625
Total Assets	10,239,145	9,259,283
Liabilities
Notes payable	2,230,687	1,936,381
Interest rate swap liability	835	0
Accounts payable, accrued expenses and other liabilities	110,272	97,496
Dividends and distributions payable	79,370	62,033
Acquired lease intangible liabilities, net	138,339	147,384
Tenant security deposits	77,029	71,935
Prepaid rents	44,303	20,712
Total Liabilities	2,680,835	2,335,941
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, respectively	2,008	1,891
Additional paid-in capital	7,299,837	6,646,867
Cumulative distributions in excess of earnings	(273,849)	(255,743)
Accumulated other comprehensive income	3,117	8,247
Total stockholders’ equity	7,186,789	6,556,938
Noncontrolling interests	371,521	366,404
Total Equity	7,558,310	6,923,342
Total Liabilities and Equity	10,239,145	9,259,283
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:	72,443	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