Rexford Industrial Realty (NYSE:REXR) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Rexford Industrial Realty (NYSE:REXR) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01, Briefing.com reports. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.35%. The business had revenue of $248.10 million for the quarter, compared to analysts’ expectations of $249.05 million. During the same quarter in the prior year, the company earned $0.58 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Rexford Industrial Realty updated its FY 2026 guidance to 2.350-2.400 EPS.

Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock traded down $0.03 during midday trading on Friday, reaching $38.69. 268,956 shares of the company traded hands, compared to its average volume of 2,229,496. Rexford Industrial Realty has a 12 month low of $29.68 and a 12 month high of $44.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 2.95. The business has a 50 day moving average of $40.23 and a two-hundred day moving average of $40.49. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23.

Rexford Industrial Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.435 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 annualized dividend and a dividend yield of 4.5%. Rexford Industrial Realty’s dividend payout ratio is presently 202.35%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Scotiabank upped their price target on Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. BNP Paribas Exane downgraded Rexford Industrial Realty to a “hold” rating in a report on Tuesday, October 21st. Barclays reaffirmed an “underweight” rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th. Industrial Alliance Securities set a $45.00 price target on shares of Rexford Industrial Realty in a research note on Friday. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Rexford Industrial Realty in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.25.

Insiders Place Their Bets

In other news, CEO Michael S. Frankel sold 18,750 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $40.06, for a total transaction of $751,125.00. Following the transaction, the chief executive officer directly owned 583,538 shares of the company’s stock, valued at $23,376,532.28. This represents a 3.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 57,118 shares of company stock worth $2,345,706. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Rexford Industrial Realty

A number of hedge funds have recently bought and sold shares of the company. Wiser Advisor Group LLC bought a new stake in Rexford Industrial Realty during the third quarter valued at about $34,000. Advisory Services Network LLC bought a new stake in Rexford Industrial Realty during the 3rd quarter valued at approximately $46,000. Fulcrum Asset Management LLP purchased a new position in Rexford Industrial Realty in the 3rd quarter worth approximately $56,000. Wilmington Savings Fund Society FSB bought a new position in Rexford Industrial Realty in the 3rd quarter worth approximately $100,000. Finally, Danske Bank A S purchased a new stake in Rexford Industrial Realty during the 3rd quarter valued at approximately $115,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.