Asset Management One Co. Ltd. Boosts Stake in Rexford Industrial Realty, to $23.43 Million
July 11, 2023
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Asset Management One Co. Ltd. has recently boosted its stake in Rexford Industrial Realty ($NYSE:REXR), Inc., a real estate investment trust specializing in the acquisition, ownership and management of industrial properties in Southern California and select markets in the United States, to $23.43 Million. Rexford Industrial Realty, Inc. is focused on expanding its portfolio of industrial properties by strategically acquiring and developing high-quality, well-located assets at attractive returns. With their team of experienced and dedicated professionals, they strive to provide superior returns by proactively managing the portfolio, investing in quality assets, and taking advantage of compelling investment opportunities. They are constantly seeking out new opportunities in order to maximize their growth potential and to maximize returns for their shareholders.
Share Price
The stock opened at $51.5 and closed at $51.9, a change of 0.5% from the prior closing price of $51.6. The company has been making steady progress in the industrial realty market and this investment shows that they are a reliable presence in the sector. It remains to be seen whether this increase in capital will help strengthen and expand Rexford Industrial Realty’s portfolio 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 |
| 676.69 | 171.45 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for REXR. More…
| Operations | Investing | Financing |
| 327.69 | -2.45k | 2.11k |
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 |
| 10.24k | 2.68k | 35.02 |
Key Ratios Snapshot
Some of the financial key ratios for REXR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 34.8% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale’s analysis of REXFORD INDUSTRIAL REALTY shows that it is classified as a ‘cow’, meaning that it has the track record of paying out consistent and sustainable dividends. This makes REXFORD INDUSTRIAL REALTY an ideal choice for investors looking to build a steady income stream. On top of that, REXFORD INDUSTRIAL REALTY has a high health score of 10/10 with regard to its cash flows and debt, giving it the capability to sustain future operations even in times of crisis. Its financials also show that REXFORD INDUSTRIAL REALTY is strong in assets, dividend, growth, and medium in profitability. This makes REXFORD INDUSTRIAL REALTY an excellent candidate for long-term, value-oriented investors. 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, Inc. (NYSE: REXR) has become an attractive stock investment for Asset Management One Co. Ltd., which recently acquired a $23.43 million position in the company. With a strong portfolio and attractive dividend, Rexford Industrial Realty is likely to remain a popular stock choice among investors.
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