Rexford Industrial Realty Valuation
Is REXR.PRC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of REXR.PRC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: REXR.PRC ($22.48) is trading below our estimate of fair value ($41.78)
Significantly Below Fair Value: REXR.PRC is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for REXR.PRC?
Key metric: As REXR.PRC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is REXR.PRC's PE Ratio? | |
|---|---|
| PE Ratio | 35.6x |
| Earnings | US$265.13m |
| Market Cap | US$9.79b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 14.7x |
| Enterprise Value/EBITDA | 22.6x |
| PEG Ratio | 2.9x |
Price to Earnings Ratio vs Peers
How does REXR.PRC's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 33.7x | ||
EGP EastGroup Properties | 36.9x | 10.0% | US$8.6b |
FR First Industrial Realty Trust | 23.2x | -6.1% | US$7.4b |
TRNO Terreno Realty | 37x | 9.9% | US$6.1b |
STAG STAG Industrial | 37.8x | 1.3% | US$6.9b |
REXR.PRC Rexford Industrial Realty | 35.6x | 12.4% | US$9.8b |
Price-To-Earnings vs Peers: REXR.PRC is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the peer average (33.7x).
Price to Earnings Ratio vs Industry
How does REXR.PRC's PE Ratio compare vs other companies in the Global Industrial REITs Industry?
| 2 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 2 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: REXR.PRC is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the Global Industrial REITs industry average (19.5x).
Price to Earnings Ratio vs Fair Ratio
What is REXR.PRC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 35.6x |
| Fair PE Ratio | 38.6x |
Price-To-Earnings vs Fair Ratio: REXR.PRC is good value based on its Price-To-Earnings Ratio (35.6x) compared to the estimated Fair Price-To-Earnings Ratio (38.6x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
Discover undervalued companies
Safestore Holdings
UK£1.6b
Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.
SFSH.F
UK£9.16
7D
0%
1Y
-6.3%
NNN REIT
US$8.3b
NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases.
NNN
US$44.40
7D
1.7%
1Y
7.4%
Plymouth Industrial REIT
US$863.5m
Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties.
PLYM
US$18.82
7D
0.2%
1Y
-15.9%