Rexford Industrial Realty, Inc.

Symbol: REXR
CIK: 1571283
Exchange: NYSE
Founded: 2013 (6 years)
HQ: Los Angeles, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Industrial

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See REXR on SEC.gov

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Overall Score: 9.0

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 6, 2019


Open Price: $47.34
Closing Price: $47.03
Price Change: -0.15 (-0.318%)
Lowest Price: $46.94
Highest Price: $47.45

52-Week Low: $28.17
52-Week High: $48.80
52-Week Change: 43.21%

5 Day Price Change: -1.42%
1 Month Price Change: 1.14%
3 Month Price Change: 7.20%
6 Month Price Change: 20.88%
YTD Price Change: 63.99%
1 Year Price Change: 43.67%
2 Year Price Change: 57.37%
5 Year Price Change: 207.96%

Dividend of Trading Day December 6, 2019


Dividend Yield: 0.393%*
Annualized Dividend: $0.185*
Dividend Yield (TTM): 1.52%
Annualized Dividend (TTM): $0.715
Ex Dividend Date: 2019-09-27
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Funds From Operations (FFO)


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Key Stats of Trading Day December 6, 2019


Total Cash: $180,601,000
Current Debt: $158,000
Revenue: $214,901,000
Gross Profit: $83,188,000
Total Revenue: $214,901,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $136,833,000
Revenue Per Share: $2
Revenue Per Employee: $1,989,824
Employee: 108
Debt to Equity Ratio (D/E): 0.40
Profit Margin: 0.21%
Enterprise Value (EV): $5,793,243,540
Enterprise Value to Revenue (EV/R): 26.96
Price to Sales (P/S): 24.27
Price to Book (P/B): 2.78
Peg Ratio: 3.89
P/E Ratio: 111.05
P/E High: 116.19
P/E Low: 67.07
Forward P/E Ratio: 130.64
Market Capitalization: $5,216,473,540
Beta: 0.56
Latest Volume: 877,749.00
Avg. Total Volume: 707,353
Avg. 10 Volume: 890,048.90
Avg. 30 Volume: 707,352.67
TTM EPS: 0.42
TTM Dividend Rate: 0.72
Shares Outstanding: 110,918,000
Float: 109,810,594.69
50-Day Moving Avg.: 46.39
200-Day Moving Avg.: 41.20

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Properties Owned by REXR


Properties owned:
160
Types:
1
States:
1
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
REXR Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by REXR, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 197,508,000 0 276,575,000 180,601,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 374,000 1,414,000 5,896,000 8,770,000
Property, Plant & Equipment Net 3,700,000 0 6,500,000 0
Goodwill 0 0 0 0
Intangible Assets 72,266,000 0 61,278,000 60,839,000
Other Assets 38,485,000 62,007,000 32,252,000 22,962,000
Net Tangible Assets 2,259,820,000 2,301,881,000 1,963,046,000 1,740,296,000
Total Assets 3,502,394,000 3,265,341,000 3,037,116,000 2,787,685,000
Accounts Payable 0 0 0 0
Liabilities (Other) 154,245,000 143,055,000 134,940,000 120,891,000
Current Liabilities (Other) 21,034,000 20,823,000 19,774,000 15,938,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 41,000 0 119,000 158,000
Long-term Debt 861,384,000 757,677,000 763,449,000 757,213,000
Total Liabilities 1,015,851,000 900,732,000 899,280,000 879,262,000
Minority Interest 518,000 569,000 201,000 277,000
Common Stock 110,884,272 1,095,000 1,038,000 966,000
Retained Earnings -117,711,000 -107,056,000 -99,715,000 -88,341,000
Treasury Stock 0 0 0 0
Capital Surplus 2,306,282,000 2,255,849,000 2,042,218,000 1,798,113,000
Shareholder Equity 2,422,074,000 2,301,881,000 2,103,896,000 1,876,094,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 68,815,000 64,390,000 61,315,000 57,707,000
Cost of Revenue 41,661,000 39,661,000 35,808,000 34,313,000
Gross Profit 27,154,000 24,729,000 25,507,000 23,394,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 49,401,000 46,962,000 43,252,000 40,610,000
Operating Income 19,414,000 11,173,000 18,063,000 17,097,000
Income Expense Net (Other) -6,466,000 4,781,000 -7,346,000 -1,890,000
EBIT 19,414,000 11,173,000 18,063,000 17,097,000
Interest Income 7,239,000 6,255,000 7,323,000 7,355,000
Pretax Income 12,948,000 15,954,000 10,717,000 15,207,000
Income Tax 0 0 0 0
Minority Interest 518,000 569,000 201,000 277,000
Net Income 12,318,000 15,272,000 10,402,000 14,837,000
Net Income Basic 9,746,000 12,848,000 7,979,000 12,413,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 12,318,000 15,272,000 10,402,000 14,837,000
Depreciation 25,496,000 0 21,996,000 25,025,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 14,244,000 0 95,974,000 -3,303,000
Cash Flow 46,097,000 0 36,184,000 21,830,000
Capital Expenditures -12,344,000 0 -9,712,000 -16,673,000
Investments -228,904,000 0 -155,728,000 -122,022,000
Investing Activity (Other) 0 0 0 -25,000
Total Investing Cash Flows -241,248,000 0 -165,440,000 -138,720,000
Dividends Paid -23,547,000 0 -18,361,000 -17,637,000
Net Borrowings 99,818,000 38,000 -38,000 -38,000
Cash Flow Financing 209,395,000 38,000 225,230,000 113,587,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Rexford Industrial Realty, Inc.


Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 144 properties with approximately 18.0 million rentable square feet and manages an additional 19 properties with approximately 1.2 million rentable square feet.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.2
9 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.9
8 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 8.7
7 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.9
Rating Leverage Section Avg. Rating
8 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
8 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
10 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
9 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
9.0 Overall REITRating™ Score 6.4

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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