Rexford Industrial Realty Reports Q4 GAAP EPS of $0.22 and Revenue of $178.59M, FY23 Guidance of $0.94 – $0.98.

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Rexford Industrial Realty ($NYSE:REXR), Inc. (NYSE: REXR) is a real estate investment trust (REIT) focused on the acquisition and ownership of industrial properties throughout the United States. The company recently reported its fourth-quarter earnings results and provided guidance for fiscal year 2023. This guidance is based on expectations of continued strong demand for industrial real estate, as well as the company’s ability to effectively manage its portfolio and capitalize on opportunities in the market. The company also noted that it expects to continue to benefit from strong corporate balance sheets and low interest rates, as well as increased demand for industrial facilities due to growing e-commerce sales.

Additionally, Rexford Industrial Realty is pursuing strategic initiatives to enhance its portfolio and increase returns for shareholders. Overall, Rexford Industrial Realty delivered strong fourth-quarter earnings results and provided positive guidance for fiscal year 2023. The company’s focus on strategic initiatives and ability to capitalize on market opportunities should help it continue to generate strong returns for shareholders going forward.

Share Price

The stock opened at $63.9 and closed at $64.1, down by 0.3% from the last closing price of 64.3. REXFORD has taken several steps to mitigate the impact of the pandemic on their operations. These include reducing operating expenses, increasing liquidity, and strategically expanding their portfolio of industrial real estate properties. The company has also implemented a range of technology-driven initiatives to improve operational efficiency and customer service. The company’s strategic focus remains on growing their portfolio of industrial properties through acquisitions and development activities.

They have also continued to invest in their core markets, including California, Texas, Arizona, and Nevada. As the economy slowly recovers from the pandemic, REXFORD is well positioned to benefit from the long-term growth opportunities in the industrial real estate sector. With a strong balance sheet and a diversified portfolio of properties, the company is well-positioned to capitalize on any potential upturns in the market. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for REXR are shown below. More…

Analysis

GoodWhale’s analysis of REXFORD INDUSTRIAL REALTY’s wellbeing has revealed that the company is a medium risk investment. This assessment is based on the company’s Risk Rating which takes into account the financial and business aspects of the company. GoodWhale has detected 3 risk warnings in the balance sheet, cashflow statement and financial journal. These warnings could indicate any number of issues including financial imbalances, mismanagement of funds, or a lack of sufficient capital. To get a closer look at these risk warnings, GoodWhale recommends registering on their website for further information. GoodWhale’s Risk Rating system also considers other factors such as the company’s debt-to-assets ratio, cash flow, and liquidity. These indicators are used to provide an overall score which can be used to judge the company’s level of risk. Additionally, GoodWhale’s system evaluates the company’s leadership and management structure, as well as their strategic plans and objectives. Overall, REXFORD INDUSTRIAL REALTY is a medium risk investment according to GoodWhale’s Risk Rating system. It is important to note, however, that GoodWhale’s assessment is only one factor to consider when making an investment decision. Investors should also consider other factors such as the company’s performance history and current market conditions. 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 reported its fourth quarter earnings, with a GAAP earnings per share (EPS) of $0.22 and revenue of $178.59 million. The company also provided forward guidance for fiscal year 2023, with an EPS of $0.94 to $0.98. Investors should consider the company’s performance in its most recent quarter, along with its guidance for the new fiscal year, when making an investment decision. Rexford Industrial Realty has a strong balance sheet with low debt, experienced management team, and a portfolio of high-quality industrial assets.

It also has a healthy dividend yield and a track record of dividend growth. The company is well-positioned to benefit from the continued strong demand in the industrial real estate sector.