Envestnet Asset Management Sells Shares of Rexford Industrial Realty,
May 18, 2023
Trending News ☀️
Envestnet Asset Management Inc. has recently sold shares of Rexford Industrial Realty ($NYSE:REXR), Inc., a publicly traded real estate investment trust. Rexford Industrial Realty specializes in the acquisition, ownership, and operation of industrial properties located in Southern California. It focuses on acquiring and operating infill industrial properties in the top infill submarkets of Los Angeles and Orange counties and select nodes of inland empire. The company operates under a long-term strategy to acquire, develop, and reposition industrial assets located in key markets to meet changing tenant demands.
Rexford Industrial Realty is committed to providing high quality service and support for its tenants, while at the same time creating attractive returns for its investors. Envestnet Asset Management Inc. sold its shares of Rexford Industrial Realty at an acceptable price point and now looks to be well situated to have strong returns from the sale. With its extensive portfolio of industrial properties in Southern California, Rexford Industrial Realty is well positioned to provide investors with attractive returns for years to come.
Share Price
The company’s stock opened at $55.7 and eventually closed at $55.2, a 0.6% decrease from its prior closing price of $55.6. The transaction is part of Envestnet Asset Management Inc.’s strategic move to focus their investments and divest from certain holdings. They have not disclosed how much REXFORD INDUSTRIAL REALTY stock was sold, but the impact on the company’s shares is evident. Despite the slight decrease in stock prices, REXFORD INDUSTRIAL REALTY has maintained a steady growth in the past few years, indicating that it will continue to be a successful enterprise in the future. 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 is the perfect tool for analyzing REXFORD INDUSTRIAL REALTY’s fundamentals. Our Risk Rating feature gives investors a holistic view of the company’s financial and business risk. Currently, REXFORD INDUSTRIAL REALTY is classified as a medium risk investment with room for improvement. GoodWhale has also detected three risk warnings in REXFORD INDUSTRIAL REALTY’s balance sheet, cashflow statement, and financial journal. If you’re interested in learning more about these risk warnings, all you need to do is sign up with GoodWhale at goodwhale.com for free. With GoodWhale, you’ll be able to check out REXFORD INDUSTRIAL REALTY’s fundamentals and make an informed decision about your investment. 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
This is a good indication for investors to consider REXFORD as a potential investment opportunity. Despite the drop in share price, analysts are still optimistic about its long-term prospects. REXFORD has a diversified portfolio of industrial properties located in attractive markets in California, with the highest concentration in Los Angeles. REXFORD’s strong balance sheet and commitment to consistently returning capital to shareholders sets it apart from its competitors.
With rents on industrial properties on the rise, REXFORD is well-positioned to benefit from stronger demand and price appreciation. Overall, REXFORD looks like an attractive investment option for those looking for a long-term passive income stream.
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