REXR Stock Fair Value Calculation – Rexford Industrial Realty Soars After Rally Off Lows
January 3, 2024
🌧️Trending News
Rexford Industrial Realty ($NYSE:REXR) has seen a major rally in its stock price in recent weeks, no longer leaving it undervalued. This is a major breakthrough for the company, which is a leading industrial real estate investment trust (REIT) that focuses on acquiring, owning, and operating industrial properties located in Southern California infill markets. The recent rally in stock price is a promising sign for Rexford Industrial, as it has been undervalued for months.
This means that investors who have held onto their shares through the lows are now seeing a good return on their investment. With the strong portfolio and strong tenant relationships, Rexford Industrial looks poised for further success in the coming months.
Price History
On Tuesday, Rexford Industrial Realty (REXFORD) saw increased trading volume and rallied off its recent lows. The stock opened at $55.9 and closed at $56.3, representing a 0.4% increase from its prior closing price of $56.1. The rally was a welcome respite for investors, who have been closely watching the company’s performance over the last year. Nevertheless, the rally provides hope that REXFORD may be able to recover from its recent lows and continue to grow in the coming months. 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 Stock Fair Value Calculation
At GoodWhale, we recently completed an analysis of REXFORD INDUSTRIAL REALTY’s financials. Using our proprietary Valuation Line, we determined that the fair value of REXFORD INDUSTRIAL REALTY’s share is around $74.9. However, REXFORD INDUSTRIAL REALTY’s stock is currently traded at $56.3, representing a discount of 24.8%. Therefore, investors might be presented with a good opportunity to purchase REXFORD INDUSTRIAL REALTY’s stock at a discounted price. More…
Peers
Rexford Industrial Real Estate Trust is a real estate investment trust focused on the ownership of industrial properties in the United States. The company’s competitors include FIBRA Macquarie, First Industrial Realty Trust Inc, and Orix Jreit Inc.
– FIBRA Macquarie ($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 experienced a powerful rally off the lows in recent months, and is no longer undervalued. Despite the uncertain economic climate, investors have continued to show enthusiasm for Rexford’s properties due to their prime locations in top U.S. markets and attractive rental yields. Demand for Rexford’s industrial properties has made them one of the safest investments in today’s market, offering a steady source of returns even in times of volatility. As a result, Rexford Industrial Realty is now considered to be fairly valued, and further price appreciation is not expected in the near term.
