Rexford Industrial Realty, Inc. | REIT Profile

Symbol: REXR
CIK: 1571283
Exchange: NYSE
Preferred Stock: REXR-B, REXR-C
Founded: 2013 (9 years)
HQ: Los Angeles, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Industrial

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See REXR on SEC.gov

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Overall Score: 9.0

See score breakdown | See trend

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


Rexford Industrial Realty, Inc. Company Logo

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Hightlights of Trading Day January 20, 2022


Open Price: $73.37
Closing Price: $72.55
Price Change: -0.47 (-0.644%)
Lowest Price: $72.5
Highest Price: $74.71

52-Week Low: $45.17
52-Week High: $81.68
52-Week Change: 49.90%

5 Day Price Change: -2.33%
1 Month Price Change: -3.43%
3 Month Price Change: 17.50%
6 Month Price Change: 25.27%
YTD Price Change: -9.97%
1 Year Price Change: 56.61%
2 Year Price Change: 58.51%
5 Year Price Change: 242.74%

Dividend of Trading Day January 20, 2022


Dividend Yield: 1.323%*
Annualized Dividend: $0.96*
Dividend Yield (TTM): 1.308%
Annualized Dividend (TTM): $0.9549
Ex-Dividend Date: 2021-12-30
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. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 20, 2022


Total Cash: $60,154,000
Current Debt: $187,783,000
Revenue: $408,175,000
Gross Profit: $408,175,000
Total Revenue: $408,175,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $267,417,000
Revenue Per Share: $3
Revenue Per Employee: N/A
Employee: 147
Debt to Equity Ratio (D/E): 1.47
Profit Margin: 0.22%
Enterprise Value (EV): $12,653,207,150
Enterprise Value to Revenue (EV/R): 31.00
Price to Sales (P/S): 27.75
Price to Book (P/B): 2.77
Price/Earnings-to-Growth (PEG) Ratio: 7.31
P/E Ratio: 107.07
P/E High: 75.83
P/E Low: 59.17
Forward P/E Ratio: N/A
Market Capitalization: $10,990,410,145
Beta: 0.75
Latest Volume: 889,965
Avg. Total Volume: 852,838
Avg. 10-Day Volume: 859,883
Avg. 30-Day Volume: 852,838
TTM EPS: 0.68
Shares Outstanding: 151,487,390
Float: N/A
50-Day Moving Avg.: $76.08
200-Day Moving Avg.: $65.61

Latest REIT Community Comments on #REXR


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Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $46.44 per share you would have been able to buy 21 shares of REXR on 2021-01-21 costing $975.24 @ $46.44 per share you would have been able to buy 10 shares of REXR on 2021-01-21 costing $464.40 @ $46.44 per share you would have been able to buy 5 shares of REXR on 2021-01-21 costing $232.20 @ $46.44 per share you would have been able to buy 2 shares of REXR on 2021-01-21 costing $92.88 @ $46.44 per share you would have been able to buy 1 shares of REXR on 2021-01-21 costing $46.44
Current worth On 2022-01-20 these 21 shares would be worth $1,523.55 @ $72.55 On 2022-01-20 these 10 shares would be worth $725.50 @ $72.55 On 2022-01-20 these 5 shares would be worth $362.75 @ $72.55 On 2022-01-20 these 2 shares would be worth $145.10 @ $72.55 On 2022-01-20 these 1 shares would be worth $72.55 @ $72.55
Dividends earned $20.16 in dividends would have been earned since 2021-01-21 with 21 shares. $10 in dividends would have been earned since 2021-01-21 with 10 shares. $4.80 in dividends would have been earned since 2021-01-21 with 5 shares. $1.92 in dividends would have been earned since 2021-01-21 with 2 shares. $0.96 in dividends would have been earned since 2021-01-21 with 10 shares.
Net (gain / loss)* 568.47 USD 270.70 USD 135.35 USD 54.14 USD 27.07 USD
ROI** 58.29% 58.29% 58.29% 58.29% 58.29%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by REXR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
REXR 2021-12-30 0.240 --- 2021-10-18 2021-12-31 2022-01-18
REXR 2021-09-29 0.240 --- 2021-07-19 2021-09-30 2021-10-15
REXR 2021-06-29 0.240 --- 2021-04-19 2021-06-30 2021-07-15
REXR 2021-03-30 0.240 11.63% 2021-02-08 2021-03-31 2021-04-15
REXR 2020-12-30 0.215 --- 2020-10-20 2020-12-31 2021-01-15
REXR 2020-09-29 0.215 --- 2020-07-20 2020-09-30 2020-10-15
REXR 2020-06-29 0.215 --- 2020-05-04 2020-06-30 2020-07-15
REXR 2020-03-30 0.215 16.22% 2020-02-10 2020-03-31 2020-04-15
REXR 2019-12-30 0.185 --- 2019-10-28 2019-12-31 2020-01-15
REXR 2019-09-27 0.185 --- 2019-07-29 2019-09-30 2019-10-15
REXR 2019-06-27 0.185 --- 2019-04-30 2019-06-28 2019-07-15
REXR 2019-03-28 0.185 15.63% 2019-02-12 2019-03-29 2019-04-15
REXR 2018-12-28 0.160 --- 2018-10-30 2018-12-31 2019-01-15
REXR 2018-09-27 0.160 --- 2018-07-31 2018-09-28 2018-10-15
REXR 2018-06-28 0.160 --- 2018-05-01 2018-06-29 2018-07-16
REXR 2018-03-29 0.160 10.34% 2018-02-13 2018-03-30 2018-04-16
REXR 2017-12-28 0.145 --- 2017-10-31 2017-12-29 2018-01-15
REXR 2017-09-28 0.145 --- 2017-08-01 2017-09-29 2017-10-16
REXR 2017-06-28 0.145 --- 2017-05-03 2017-06-30 2017-07-17
REXR 2017-03-29 0.145 7.41% 2017-02-16 2017-03-31 2017-04-17

Earnings Press Releases


Below are the Earnings Press Releases for REXR. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q3 Rexford Industrial Announces Third Quarter 2021 Financial Results
2021 Q2 Rexford Industrial Announces Second Quarter 2021 Financial Results
2021 Q1 Rexford Industrial Announces First Quarter 2021 Financial Results

Financial Statements Overview


The next Earnings Report for REXR is 2022-02-09

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 60,154,000 64,219,000 123,933,000 176,293,000
Receivables 65,589,000 58,161,000 52,830,000 51,101,000
Inventory 0 0 0 0
Current Assets 125,743,000 122,380,000 176,763,000 228,624,000
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 6,098,014,000 5,143,346,000 4,893,136,000 4,722,550,000
Property, Plant & Equipment Net 5,903,565,000 4,981,495,000 4,734,900,000 4,572,532,000
Goodwill 0 0 0 0
Intangible Assets 130,853,000 94,716,000 92,743,000 97,328,000
Other Assets 63,546,000 67,109,000 65,446,000 43,845,000
Net Tangible Assets 3,953,517,000 3,211,114,000 3,024,445,000 2,905,486,000
Total Assets 6,223,757,000 5,265,726,000 5,069,899,000 4,951,174,000
Accounts Payable 0 0 0 0
Liabilities (Other) 121,649,000 78,340,000 80,964,000 84,836,000
Current Liabilities (Other) 187,783,000 135,593,000 121,292,000 119,393,000
Total Current Liabilities 187,783,000 135,593,000 121,292,000 119,393,000
Current Long-term Debt 0 0 0 0
Long-term Debt 1,386,649,000 1,219,021,000 1,219,425,000 1,216,160,000
Total Liabilities 1,983,711,000 1,717,569,000 1,710,384,000 1,706,033,000
Minority Interest 287,630,000 284,615,000 288,703,000 285,451,000
Common Stock 138,762,384 134,312,672 131,612,881 126,080,801
Retained Earnings -187,510,000 -182,851,000 -170,487,000 -163,389,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 4,240,046,000 3,548,157,000 3,359,515,000 3,245,141,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 115,403,000 104,360,000 99,763,000 88,649,000
Cost of Revenue 0 0 0 0
Gross Profit 115,403,000 104,360,000 99,763,000 88,649,000
Research and Development 0 0 0 0
Selling General and Admin 11,806,000 10,695,000 11,480,000 9,042,000
Operating Expense 77,987,000 71,480,000 70,228,000 61,665,000
Operating Income 37,416,000 32,880,000 29,535,000 26,984,000
Income Expense Net (Other) 0 0 0 0
EBIT 37,416,000 32,880,000 29,535,000 26,984,000
Interest Income 10,427,000 9,593,000 9,752,000 8,673,000
Pretax Income 40,186,000 26,037,000 30,643,000 18,155,000
Income Tax 0 0 0 0
Minority Interest 2,173,000 1,710,000 1,969,000 1,160,000
Net Income 31,545,000 20,551,000 24,897,000 13,239,000
Net Income Basic 31,545,000 20,551,000 24,897,000 13,239,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 31,545,000 20,551,000 24,897,000 13,239,000
Depreciation 23,289,000 45,038,000 32,432,000 115,269,000
Changes in Receivables 65,589,000 58,161,000 52,830,000 4,790,000
Changes in Inventories 0 0 0 0
Cash Change 60,154,000 64,219,000 123,933,000 -67,326,000
Cash Flow 78,266,000 65,301,000 36,376,000 182,994,000
Capital Expenditures -22,074,000 -26,367,000 -23,147,000 -78,765,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -903,563,000 -276,757,000 -172,401,000 -987,523,000
Dividends Paid 0 0 0 0
Net Borrowings 1,326,495,000 1,154,802,000 1,095,492,000 1,039,867,000
Cash Flow Financing 821,256,000 151,721,000 82,482,000 903,195,000
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
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
9 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.8
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. 7.7
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 7.7
7 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
5 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
9 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
9 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. 6.2
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
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. 8.0
Rating Market Cap Section Avg. Rating
10 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
9.0 Overall REITRating™ Score (See trend) 6.1

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.

REITProperty


Below are some of the properties owned by this REXR. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
5300 Sheila Street Industrial 5300 Sheila Street Commerce CA
1601 Mission Blvd Industrial 1601 Mission Blvd Pomona CA
3233 E Mission Oaks Boulevard Industrial 3233 E Mission Oaks Boulevard Camarillo CA

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
First Industrial Realty Trust, Inc. (FR) 8.7 NYSE Mid-Cap Industrial United States
EastGroup Properties, Inc. (EGP) 8.7 NYSE Mid-Cap Industrial United States
Monmouth Real Estate Investment Corp (MNR) 8.4 NYSE Mid-Cap Industrial United States
Digital Realty Trust (DLR) 8.8 NYSE Large-Cap Data Centers United States
STAG Industrial, Inc. (STAG) 9.1 NYSE Mid-Cap Industrial United States
Prologis, Inc. (PLD) 9.0 NYSE Large-Cap Industrial United States

Last updated: 2022-01-21 - v2.9