| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
REXR Overview
Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.
Rewards
Risk Analysis
Share Price & News
How has Rexford Industrial Realty's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: REXR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: REXR's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-1.0%
REXR
-0.3%
US REITs
-0.6%
US Market
1 Year Return
30.8%
REXR
32.5%
US REITs
33.8%
US Market
Return vs Industry: REXR underperformed the US REITs industry which returned 32.5% over the past year.
Return vs Market: REXR underperformed the US Market which returned 33.8% over the past year.
Shareholder returns
| REXR | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | -0.3% | -0.6% |
| 30 Day | -2.6% | 0.3% | 1.6% |
| 90 Day | 3.9% | 4.2% | 4.6% |
| 1 Year | 33.2%30.8% | 36.9%32.5% | 35.8%33.8% |
| 3 Year | 97.2%86.2% | 44.1%28.3% | 60.0%50.1% |
| 5 Year | 185.7%158.1% | 54.3%24.8% | 123.0%98.7% |
Long-Term Price Volatility Vs. Market
How volatile is Rexford Industrial Realty's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Rexford Industrial Realty (NYSE:REXR) shareholders have earned a 26% CAGR over the last five years1 month ago | Simply Wall St
Rexford Industrial Realty, Inc. (NYSE:REXR) Insiders Have Been SellingRexford Industrial Realty Fundamentals Summary
| REXR fundamental statistics | |
|---|---|
| Market Cap | US$8.58b |
| Earnings (TTM) | US$84.59m |
| Revenue (TTM) | US$376.63m |
101.4x
P/E Ratio22.8x
P/S RatioIs REXR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| REXR income statement (TTM) | |
|---|---|
| Revenue | US$376.63m |
| Cost of Revenue | US$90.98m |
| Gross Profit | US$285.64m |
| Expenses | US$201.06m |
| Earnings | US$84.59m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.66 |
| Gross Margin | 75.84% |
| Net Profit Margin | 22.46% |
| Debt/Equity Ratio | 32.1% |
How did REXR perform over the long term?
See historical performance and comparisonDividends
1.6%
Current Dividend Yield64%
Payout RatioDoes REXR pay a reliable dividends?
See REXR dividend history and benchmarks| Rexford Industrial Realty dividend dates | |
|---|---|
| Ex Dividend Date | Sep 29 2021 |
| Dividend Pay Date | Oct 15 2021 |
| Days until Ex dividend | 10 days |
| Days until Dividend pay date | 26 days |
Does REXR pay a reliable dividends?
See REXR dividend history and benchmarksValuation
Is Rexford Industrial Realty undervalued compared to its fair value and its price relative to the market?
28.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: REXR ($59.59) is trading below our estimate of fair value ($82.75)
Significantly Below Fair Value: REXR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: REXR is poor value based on its PE Ratio (101.4x) compared to the US REITs industry average (50.1x).
PE vs Market: REXR is poor value based on its PE Ratio (101.4x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: REXR is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: REXR is overvalued based on its PB Ratio (2.6x) compared to the US REITs industry average (2x).
Future Growth
How is Rexford Industrial Realty forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
23.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: REXR's forecast earnings growth (23.7% per year) is above the savings rate (2%).
Earnings vs Market: REXR's earnings (23.7% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: REXR's revenue (16.5% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: REXR's revenue (16.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: REXR's Return on Equity is forecast to be low in 3 years time (2%).
Past Performance
How has Rexford Industrial Realty performed over the past 5 years?
26.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: REXR has a large one-off gain of $27.1M impacting its June 30 2021 financial results.
Growing Profit Margin: REXR's current net profit margins (22.5%) are higher than last year (17.3%).
Past Earnings Growth Analysis
Earnings Trend: REXR's earnings have grown significantly by 26.7% per year over the past 5 years.
Accelerating Growth: REXR's earnings growth over the past year (63.1%) exceeds its 5-year average (26.7% per year).
Earnings vs Industry: REXR earnings growth over the past year (63.1%) exceeded the REITs industry 3.9%.
Return on Equity
High ROE: REXR's Return on Equity (2.8%) is considered low.
Financial Health
How is Rexford Industrial Realty's financial position?
Financial Position Analysis
Short Term Liabilities: REXR's short term assets ($136.9M) exceed its short term liabilities ($79.4M).
Long Term Liabilities: REXR's short term assets ($136.9M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: REXR's debt to equity ratio (32.1%) is considered satisfactory.
Reducing Debt: REXR's debt to equity ratio has reduced from 58.8% to 32.1% over the past 5 years.
Debt Coverage: REXR's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: REXR's interest payments on its debt are well covered by EBIT (3.2x coverage).
Balance Sheet
Dividend
What is Rexford Industrial Realty current dividend yield, its reliability and sustainability?
1.61%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: REXR's dividend (1.61%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: REXR's dividend (1.61%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, REXR has been paying a dividend for less than 10 years.
Growing Dividend: REXR's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (63.6%), REXR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: REXR's dividends in 3 years are forecast to be covered by earnings (54.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
Howard Schwimmer (60 yo)
8.67yrs
Tenure
US$8,349,051
Compensation
Mr. Howard Schwimmer has been a Co-Chief Executive Officer of Rexford Industrial Realty, Inc. since January 18, 2013. Mr. Schwimmer has been a Co-Chief Executive Officer at Rexford Industrial Realty, L.P....
CEO Compensation Analysis
Compensation vs Market: Howard's total compensation ($USD8.35M) is about average for companies of similar size in the US market ($USD6.44M).
Compensation vs Earnings: Howard's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: REXR's management team is seasoned and experienced (5.5 years average tenure).
Board Members
Experienced Board: REXR's board of directors are considered experienced (7.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: REXR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.9%.
Top Shareholders
Company Information
Rexford Industrial Realty, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Rexford Industrial Realty, Inc.
- Ticker: REXR
- Exchange: NYSE
- Founded: 2013
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: US$8.577b
- Market Cap: US$8.194b
- Shares outstanding: 143.93m
- Website: https://www.rexfordindustrial.com
Number of Employees
Location
- Rexford Industrial Realty, Inc.
- 11620 Wilshire Boulevard
- 10th Floor
- Los Angeles
- California
- 90025
- United States
Listings
Biography
Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million r...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 22:11 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.