REXR Intrinsic Value Calculation – Rexford Industrial Realty Shifts Focus to Growth Over Growth Per Share
December 2, 2023
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Rexford Industrial Realty ($NYSE:REXR) Inc. (REXR), a publicly-traded real estate investment trust (REIT) that owns and operates industrial properties located in Southern California, has shifted its focus from growth per share to growth. This shift comes after the company’s stock has been stagnant in the past year and shareholders have seen limited returns on their investments. Rexford Industrial seeks to capitalize on high demand for industrial space in the region and has made significant investments in the acquisitions of new properties. They are also concentrating on redeveloping some of their existing properties to maximize returns and increase rental income.
Additionally, the company is focusing on expanding their portfolio by actively seeking out new development opportunities. Additionally, the company has implemented a number of cost-saving measures to improve its bottom line. This includes cutting overhead costs by streamlining processes and renegotiating leases with tenants. By taking these steps, Rexford is striving to increase their profitability and maximize shareholder returns. Overall, Rexford Industrial Realty is making a concerted effort to focus on growth rather than solely focusing on growth per share. It remains to be seen how successful this strategy will be for the company in the long run, but if all goes according to plan, it could potentially drive significant returns for investors.
Share Price
This shift was reflected in the company’s stock, which on Friday opened at $49.0 and closed at $51.2, representing a significant 4.0% increase from the prior closing price of $49.2. This shift away from growth per share to growth as a whole is likely indicative of the company’s ambition to expand its presence in the industrial real estate market. With this new focus, investors have renewed hope that the company will continue to generate strong returns and be a lucrative investment option. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for REXR. More…
| Total Revenues | Net Income | Net Margin |
| 765.99 | 206.49 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for REXR. More…
| Operations | Investing | Financing |
| 378.31 | -1.67k | 1.33k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for REXR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.58k | 2.73k | 34.66 |
Key Ratios Snapshot
Some of the financial key ratios for REXR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 36.4% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – REXR Intrinsic Value Calculation
GoodWhale is here to help you analyze REXFORD INDUSTRIAL REALTY’s financials. After carefully analyzing the company’s financials, we have determined that the fair value of REXFORD INDUSTRIAL REALTY share is around $72.6, using our proprietary Valuation Line. At the moment, REXFORD INDUSTRIAL REALTY stock is trading at $51.2, which is a 29.5% discount from the fair value. This indicates that there might be an opportunity to buy and profit from REXFORD INDUSTRIAL REALTY stock in the short term. More…
Peers
Rexford Industrial Real Estate Trust is a real estate investment trust focused on the ownership of industrial properties in the United States. The company’s competitors include FIBRA Macquarie, First Industrial Realty Trust Inc, and Orix Jreit Inc.
– FIBRA Macquarie ($OTCPK:DBMBF)
FIBRA Macquarie is a Mexican real estate investment trust (REIT) that invests in income-producing real estate, primarily industrial properties, in Mexico. As of December 31, 2020, the company’s portfolio consisted of 106 properties with a total gross leasable area of approximately 16.6 million square feet. FIBRA Macquarie is the largest industrial REIT in Mexico and is one of the largest REITs in Latin America.
– First Industrial Realty Trust Inc ($NYSE:FR)
First Industrial Realty Trust is a real estate investment trust that owns and operates industrial properties. The company has a market cap of $5.82 billion as of 2022. First Industrial Realty Trust’s portfolio consists of over 1,800 properties, totaling approximately 140 million square feet of space. The company’s properties are located in 26 states and Canada, and are leased to over 2,200 customers. First Industrial Realty Trust is headquartered in Chicago, Illinois.
– Orix Jreit Inc ($TSE:8954)
Orix Jreit Inc is a Japanese real estate investment trust that was founded in 2002. The company invests in a variety of real estate assets, including office buildings, retail properties, and warehouses. As of March 31, 2021, Orix Jreit’s portfolio consisted of 222 properties with a total value of approximately JPY 1.8 trillion. The company is headquartered in Tokyo and its shares are listed on the Tokyo Stock Exchange.
Summary
Rexford Industrial Realty has been making headlines for its impressive growth. The stock price has been steadily rising, and the company has experienced strong financial performance in both earnings per share and total revenue. Investors have been drawn to Rexford’s strong balance sheet and their ability to increase cash flow. The company is focused on continued growth, which is necessary for long-term gains.
This is evidenced by their active capital initiatives and recent acquisitions. Overall, Rexford Industrial Realty is an attractive investment opportunity that has the potential to deliver strong returns in the future.
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