Rexford Industrial Realty
Market Cap
US$5.3b
Last Updated
2019/10/23 00:20 UTC
Data Sources
Company Financials +
Executive Summary
Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets.
Snowflake
Fundamentals
Acceptable track record second-rate dividend payer.
Similar Companies
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
Market Performance
7 Day Return
1.0%
REXR
0.9%
US REITs
0.07%
US Market
1 Year Return
49.7%
REXR
21.8%
US REITs
8.9%
US Market
Return vs Industry: REXR exceeded the US REITs industry which returned 21.8% over the past year.
Return vs Market: REXR exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| REXR | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | 0.9% | 0.07% |
| 30 Day | 5.0% | 2.2% | -0.3% |
| 90 Day | 12.5% | 7.9% | -1.6% |
| 1 Year | 52.6%49.7% | 27.0%21.8% | 11.3%8.9% |
| 3 Year | 132.2%118.0% | 37.5%20.2% | 46.3%36.8% |
| 5 Year | 250.1%209.1% | 65.5%30.4% | 62.1%44.3% |
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
I Built A List Of Growing Companies And Rexford Industrial Realty (NYSE:REXR) Made The Cut1 month ago | Simply Wall St
Just 4 Days Before Rexford Industrial Realty, Inc. (NYSE:REXR) Will Be Trading Ex-Dividend1 month ago | Simply Wall St
How Much is Rexford Industrial Realty, Inc.'s (NYSE:REXR) CEO Getting Paid?Valuation
Is Rexford Industrial Realty undervalued compared to its fair value and its price relative to the market?
115.03x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: REXR ($46.67) is trading above our estimate of fair value ($37.8)
Significantly Below Fair Value: REXR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: REXR is poor value based on its PE Ratio (115x) compared to the REITs industry average (37.3x).
PE vs Market: REXR is poor value based on its PE Ratio (115x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: REXR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: REXR is overvalued based on its PB Ratio (2.4x) compared to the US REITs industry average (2.1x).
Next Steps
Future Growth
How is Rexford Industrial Realty forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-56.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: REXR's earnings are forecast to decline over the next 3 years (-56.2% per year).
Earnings vs Market: REXR's earnings are forecast to decline over the next 3 years (-56.2% per year).
High Growth Earnings: REXR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: REXR's revenue (17.4% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: REXR's revenue (17.4% 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 (0.4%).
Next Steps
Past Performance
How has Rexford Industrial Realty performed over the past 5 years?
51.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: REXR has become profitable over the past 5 years, growing earnings by 51.9% per year.
Accelerating Growth: REXR's earnings growth over the past year (32.6%) is below its 5-year average (51.9% per year).
Earnings vs Industry: REXR earnings growth over the past year (32.6%) exceeded the REITs industry 16.9%.
Return on Equity
High ROE: REXR's Return on Equity (2.2%) is considered low.
Return on Assets
ROA vs Industry: REXR's Return on Assets is below or equal to the REITs industry average last year.
Return on Capital Employed
ROCE Improving: REXR has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Rexford Industrial Realty's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: REXR has a high level of physical assets or inventory.
Debt Coverage by Assets: REXR's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: REXR's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if REXR has a sufficient allowance for bad loans.
Low Risk Liabilities: REXR reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if REXR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: REXR has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if REXR has an appropriate level of bad loans.
Next Steps
Dividend
What is Rexford Industrial Realty's current dividend yield, its reliability and sustainability?
1.59%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: REXR's dividend (1.59%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: REXR's dividend (1.59%) is low compared to the top 25% of dividend payers in the US market (3.68%).
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 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59.4%), 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 thoroughly covered by earnings (0.6% payout ratio).
Next Steps
Management
What is the CEO of Rexford Industrial Realty's salary, the management and board of directors tenure and is there insider trading?
6.3yrs
Average management tenure
CEO
Howard Schwimmer (58yo)
6.8yrs
Tenure
US$4,658,429
Compensation
Mr. Howard Schwimmer has been a Co-Chief Executive Officer of Rexford Industrial Realty, Inc. since January 18, 2013. Mr. Schwimmer has been a Co-Chief Executive Officer at Rexford Industrial Realty, L.P. ...
CEO Compensation Analysis
Compensation vs. Market: Howard's total compensation ($USD4.66M) is about average for companies of similar size in the US market ($USD6.88M).
Compensation vs Earnings: Howard's compensation has increased by more than 20% in the past year.
Management Age and Tenure
6.3yrs
Average Tenure
51yo
Average Age
Experienced Management: REXR's management team is seasoned and experienced (6.3 years average tenure).
Board Age and Tenure
6.3yrs
Average Tenure
65yo
Average Age
Experienced Board: REXR's board of directors are considered experienced (6.3 years average tenure).
Insider Trading
Insider Buying: REXR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Co-Chief Executive Officer Co-CEO & Director |
| Shares | 23,600 |
| Max Price | US$41.76 |
| Entity | Individual |
| Role | Chief Legal Officer General Counsel & Secretary |
| Shares | 5,085 |
| Max Price | US$38.19 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 125 |
| Max Price | US$31.87 |
Ownership Breakdown
Management Team
Trina Schnapp
Senior Vice President of Human Resources
- Tenure: 0.8yrs
Adeel Khan (45yo)
Chief Financial officer
- Tenure: 6.3yrs
- Compensation: US$2.20m
Howard Schwimmer (58yo)
Co-CEO & Director
- Tenure: 6.8yrs
- Compensation: US$4.66m
Michael Frankel (56yo)
Co-CEO & Director
- Tenure: 6.8yrs
- Compensation: US$4.66m
Patrick Schlehuber
Executive Vice President of Investments
- Tenure: 0yrs
Bruce Herbkersman
Senior VP
- Tenure: 0yrs
David Lanzer (46yo)
General Counsel & Secretary
- Tenure: 3.6yrs
- Compensation: US$1.38m
Víctor Ramírez
Controller
- Tenure: 0yrs
Stephen Swett
Investor Relations
- Tenure: 6.8yrs
Carlos Serra
Executive Vice President of Development & Construction
- Tenure: 0.2yrs
Board Members
Bob Antin (69yo)
Independent Director
- Tenure: 6.3yrs
- Compensation: US$150.99k
Richard Ziman (76yo)
Chairman of the Board
- Tenure: 6.8yrs
- Compensation: US$319.99k
Steve Good (77yo)
Independent Director
- Tenure: 6.3yrs
- Compensation: US$158.22k
Tyler Rose (58yo)
Director
- Tenure: 4.7yrs
- Compensation: US$151.99k
Pete Schwab (76yo)
Director
- Tenure: 5.7yrs
- Compensation: US$145.99k
Howard Schwimmer (58yo)
Co-CEO & Director
- Tenure: 6.8yrs
- Compensation: US$4.66m
Michael Frankel (56yo)
Co-CEO & Director
- Tenure: 6.8yrs
- Compensation: US$4.66m
Diana Ingram (61yo)
Director
- Tenure: 1.5yrs
- Compensation: US$121.32k
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$5.260b
- Market Cap: US$5.112b
- Shares outstanding: 111.95m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| REXR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 2013 |
| 3I0 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2013 |
| REXR.PRA | NYSE (New York Stock Exchange) | RED PFD SER A | US | USD | Aug 2016 | |
| REXR.PRB | NYSE (New York Stock Exchange) | 5.875% PFD SER B | US | USD | Nov 2017 | |
| REXR.PRC | NYSE (New York Stock Exchange) | 5.625 PFD SER C | US | USD | Sep 2019 |
Biography
Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 196 properties with approximately 23.9 mil ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 00:20 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.