Rexford Industrial Realty (REXR) versus Granite Real Estate Investment Trust (GRP) Critical Survey
Rexford Industrial Realty (NASDAQ: REXR) and Granite Real Estate Investment Trust (NYSE:GRP) are both industrial reits companies, but which is the superior business? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, earnings, profitability, valuation and risk.
Risk and Volatility
Rexford Industrial Realty has a beta of 0.75, meaning that its share price is 25% less volatile than the S&P 500. Comparatively, Granite Real Estate Investment Trust has a beta of 1.99, meaning that its share price is 99% more volatile than the S&P 500.
This table compares Rexford Industrial Realty and Granite Real Estate Investment Trust’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Rexford Industrial Realty||4.64%||0.22%||0.43%|
|Granite Real Estate Investment Trust||N/A||N/A||N/A|
Valuation & Earnings
This table compares Rexford Industrial Realty and Granite Real Estate Investment Trust’s top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||NetIncome||Earnings Per Share||Price/Earnings Ratio|
|Rexford Industrial Realty||N/A||N/A||N/A||$0.44||68.20|
|Granite Real Estate Investment Trust||N/A||N/A||N/A||$1.29||31.60|
Granite Real Estate Investment Trust is trading at a lower price-to-earnings ratio than Rexford Industrial Realty, indicating that it is currently the more affordable of the two stocks.
This is a breakdown of current ratings and price targets for Rexford Industrial Realty and Granite Real Estate Investment Trust, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Rexford Industrial Realty||0||4||4||0||2.50|
|Granite Real Estate Investment Trust||0||2||0||0||2.00|
Rexford Industrial Realty presently has a consensus target price of $30.33, indicating a potential upside of 1.08%. Granite Real Estate Investment Trust has a consensus target price of $45.50, indicating a potential upside of 11.63%. Given Granite Real Estate Investment Trust’s higher probable upside, analysts clearly believe Granite Real Estate Investment Trust is more favorable than Rexford Industrial Realty.
Rexford Industrial Realty beats Granite Real Estate Investment Trust on 5 of the 8 factors compared between the two stocks.
Rexford Industrial Realty Company Profile
Rexford Industrial Realty, Inc. is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company. Through its controlling interest in Operating Partnership and its subsidiaries, the Company owns, manages, leases, acquires and develops industrial real estate located in Southern California infill markets, and from time to time, acquires or provides mortgage debt secured by industrial property. As of July 19, 2017, the Company’s consolidated portfolio consisted of 142 properties with approximately 17.7 million rentable square feet. In addition, the Company managed an additional 19 properties with approximately 1.2 million rentable square feet.
Granite Real Estate Investment Trust Company Profile
Granite Real Estate Investment Trust is a real estate investment trust (REIT). It is engaged principally in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties in North America and Europe leased primarily to Magna International Inc. and its automotive operating units. It is a service REIT with an international portfolio consisting of over 100 properties. It provides a range of services that includes sourcing and real estate acquisition, site development, assisting with government approvals and re-zoning to specific uses, build-to-suit construction, property renovation, project management and long-term leasing. In November 2013, Granite Real Estate Investment Trust completed its acquisition of a 2.5 million square foot portfolio of seven properties located in Germany and the Netherlands from funds managed by AEW Europe.
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