Rexford Industrial Realty, Inc. (REXR) To Go Ex-Dividend on September 30th

Rexford Industrial Realty, Inc. (NYSE:REXR) declared a quarterly dividend on Monday, July 20th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.4350 per share by the real estate investment trust on Thursday, October 15th. This represents a $1.74 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 30th.

Rexford Industrial Realty has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Rexford Industrial Realty has a dividend payout ratio of 156.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Rexford Industrial Realty to earn $2.36 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 73.7%.

Rexford Industrial Realty Trading Up 0.0%

Shares of REXR opened at $37.49 on Monday. The business’s 50-day moving average price is $37.41 and its 200-day moving average price is $35.70. Rexford Industrial Realty has a twelve month low of $32.14 and a twelve month high of $44.38. The stock has a market cap of $8.36 billion, a PE ratio of -20.71 and a beta of 1.18. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The firm had revenue of $243.00 million during the quarter, compared to the consensus estimate of $240.24 million. Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. Rexford Industrial Realty’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, equities analysts forecast that Rexford Industrial Realty will post 2.4 EPS for the current fiscal year.

Institutional Trading of Rexford Industrial Realty

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Rexford Industrial Realty during the 2nd quarter valued at $1,293,168,000. GSA Capital Partners LLP bought a new stake in Rexford Industrial Realty in the 2nd quarter worth $2,864,000. Hsbc Holdings PLC increased its position in shares of Rexford Industrial Realty by 17.7% in the fourth quarter. Hsbc Holdings PLC now owns 387,836 shares of the real estate investment trust’s stock valued at $15,017,000 after acquiring an additional 58,270 shares during the period. Westpac Banking Corp purchased a new position in shares of Rexford Industrial Realty in the second quarter valued at about $2,520,000. Finally, Bank of America Corp DE bought a new position in shares of Rexford Industrial Realty during the second quarter valued at about $79,547,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a real estate investment trust that owns, operates and redevelops industrial properties in Southern California. The company focuses primarily on infill industrial real estate, including warehouses, distribution facilities, manufacturing buildings and other properties used for logistics and commercial operations.

Rexford seeks to create value through the acquisition, leasing, repositioning, redevelopment and development of industrial properties. Its properties are generally located in densely populated and supply-constrained markets across the region, where proximity to customers, transportation infrastructure and major population centers can support demand for industrial space.

Founded in 2001, Rexford Industrial Realty has built a portfolio concentrated in the Greater Los Angeles and San Diego areas.