Rexford Industrial Realty (NYSE:REXR – Get Free Report) released its earnings results on Thursday. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($2.86), Zacks reports. The business had revenue of $243.00 million for the quarter, compared to analyst estimates of $240.24 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. Rexford Industrial Realty updated its FY 2026 guidance to 2.380-2.430 EPS.
Rexford Industrial Realty Price Performance
REXR stock traded up $2.19 during midday trading on Friday, hitting $38.17. 1,206,868 shares of the stock were exchanged, compared to its average volume of 2,537,812. The stock’s 50-day moving average price is $34.85 and its 200-day moving average price is $36.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 1.53 and a beta of 1.21. Rexford Industrial Realty has a fifty-two week low of $32.14 and a fifty-two week high of $44.38.
Rexford Industrial Realty Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.435 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.74 annualized dividend and a yield of 4.6%. Rexford Industrial Realty’s payout ratio is currently 187.10%.
Rexford Industrial Realty News Summary
- Positive Sentiment: Rexford Industrial reported core FFO of $0.63 per share, ahead of the $0.60 consensus, and analysts highlighted improved operating efficiency and disciplined cost control. Rexford Industrial (REXR) Beats Q2 FFO Estimates
- Positive Sentiment: The company raised 2026 Core FFO guidance and said its planned $1.5 billion to $2.0 billion portfolio realignment could support share repurchases and asset recycling at attractive spreads. Rexford Industrial Announces Second Quarter 2026 Financial Results
- Neutral Sentiment: The board declared a quarterly dividend of $0.435 per share, implying an annualized yield of about 4.8%, which supports income-oriented investor interest. Rexford Industrial Announces Second Quarter 2026 Financial Results
- Neutral Sentiment: Some investors view Rexford Industrial as undervalued at about 14.9x forward P/FFO versus historical levels, suggesting room for a recovery if execution improves. Rexford Industrial: Buy This Undervalued REIT Before It Recovers
- Negative Sentiment: GAAP EPS was a loss of $2.26 per share, missing expectations by a wide margin due to non-cash impairment charges, and revenue declined 1.6% year over year. Rexford Industrial Realty, Inc.: Rexford Industrial Announces Second Quarter 2026 Financial Results
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on REXR. JPMorgan Chase & Co. lowered Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $38.00 to $36.00 in a report on Wednesday, June 17th. Mizuho reduced their target price on Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, June 10th. Evercore upgraded shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Monday, April 13th. Truist Financial lowered their price target on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Scotiabank upgraded shares of Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and cut their price target for the company from $38.00 to $36.00 in a report on Thursday, June 18th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $40.38.
View Our Latest Report on REXR
Insiders Place Their Bets
In other news, General Counsel David E. Lanzer sold 33,299 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total value of $1,181,115.53. Following the completion of the transaction, the general counsel owned 33,299 shares in the company, valued at $1,181,115.53. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.
Institutional Investors Weigh In On Rexford Industrial Realty
Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of Rexford Industrial Realty by 3.5% during the 1st quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock worth $9,849,000 after purchasing an additional 8,506 shares in the last quarter. AQR Capital Management LLC increased its position in Rexford Industrial Realty by 309.8% during the first quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock worth $4,628,000 after buying an additional 89,390 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Rexford Industrial Realty by 41.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after acquiring an additional 526,877 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Rexford Industrial Realty by 52.7% in the second quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust’s stock worth $603,000 after acquiring an additional 5,854 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Rexford Industrial Realty by 131.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 1,848 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.
About Rexford Industrial Realty
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.
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