Rexford Industrial Realty Achieves Net-Zero Target Validation with Science-Based Approach
November 4, 2023
🌥️Trending News
Rexford Industrial Realty ($NYSE:REXR), a real estate investment trust, has achieved a major milestone in its commitment to sustainability and environmental stewardship: a science-based target for net-zero emissions. The company has taken a comprehensive approach to validating this target, utilizing the world-leading Science-Based Targets Initiative (SBTi). This validation ensures that the company’s approach to achieving net-zero emissions is consistent with the goals of the Paris Agreement, and is rooted in the best available scientific evidence. REXFORD INDUSTRIAL REALTY is a publicly traded real estate investment trust that owns and operates industrial properties throughout the United States. It is focused on providing solutions for companies that need space for their logistics, storage, and distribution needs.
The company is dedicated to improving the environment through energy efficiency initiatives, renewable energy investments, and sustainable building practices. They have also taken an active role in advocating for stronger climate policies across the country. With this new target validation, they are further cementing their commitment to tackling climate change.
Share Price
On Monday, REXFORD INDUSTRIAL REALTY stock opened at $42.2 and closed at $42.4, up by 1.1% from last closing price of 41.9. This marks a significant milestone as the company has achieved its net-zero target validation with a science-based approach. This approach involves analyzing the company’s current emissions and setting ambitious targets to reduce these emissions over time.
Such an achievement not only validates the company’s commitment to sustainability but also adds value to shareholders by creating a more efficient and sustainable business. This move illustrates how REXFORD INDUSTRIAL REALTY is taking the initiative to address environmental challenges by setting an example in the industrial real estate industry. 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
At GoodWhale, our analysis of REXFORD INDUSTRIAL REALTY (REXFORD) has resulted in its categorization as a ‘cow’. This company is one that has a strong track record of paying out consistent and sustainable dividends. This type of company is likely to be of interest to various types of investors, such as those looking for steady income or those seeking capital gains. Our Star Chart shows that REXFORD is strong in asset, dividend, growth, and medium in profitability. Its health score of 10/10 signals that the company is well placed to weather any crises or downturns without the risk of bankruptcy, due to its stable cashflows and low debt. We believe REXFORD is well positioned for the future and is a solid investment for those seeking steady income or capital growth. 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
Additionally, they are committing to developing new properties that are LEED certified and have a zero carbon footprint. Analysis reveals that there is potential to capitalize on a long-term sustainability trend in the industrial sector, and the company is well-positioned to benefit from positive environmental, social, and governance (ESG) investments. With its current investments and initiatives, Rexford Industrial Realty is positioned for long-term success as it seeks to reduce its carbon footprint and increase its market value.
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