Rexford Industrial Realty (NYSE:REXR) Announces Quarterly Earnings Results

Rexford Industrial Realty (NYSE:REXR) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01, Zacks reports. The business had revenue of $248.10 million during the quarter, compared to analysts’ expectations of $249.05 million. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business earned $0.58 earnings per share. Rexford Industrial Realty updated its FY 2026 guidance to 2.350-2.400 EPS.

Rexford Industrial Realty Stock Up 2.0%

REXR stock opened at $41.39 on Thursday. The company’s 50 day moving average price is $40.29 and its 200 day moving average price is $40.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.95 and a current ratio of 2.95. Rexford Industrial Realty has a fifty-two week low of $29.68 and a fifty-two week high of $44.38. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 2.56 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 given a dividend of $0.435 per share. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Rexford Industrial Realty’s dividend payout ratio is presently 121.13%.

Analysts Set New Price Targets

REXR has been the topic of a number of research reports. 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. Barclays reaffirmed an “underweight” rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th. Wolfe Research lowered shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 20th. Evercore ISI lowered their price objective on shares of Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Finally, BNP Paribas Exane cut shares of Rexford Industrial Realty to a “hold” rating in a report on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of “Hold” and an average price target of $43.00.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 20,318 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $41.61, for a total transaction of $845,431.98. Following the completion of the transaction, the chief executive officer owned 602,288 shares in the company, valued at $25,061,203.68. The trade was a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 57,118 shares of company stock valued at $2,345,706 in the last ninety days. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp grew its stake in shares of Rexford Industrial Realty by 4.9% during the second quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock worth $428,509,000 after purchasing an additional 556,810 shares in the last quarter. Soroban Capital Partners LP lifted its holdings in Rexford Industrial Realty by 57.2% during the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after buying an additional 3,344,677 shares during the last quarter. Northern Trust Corp boosted its position in shares of Rexford Industrial Realty by 0.6% during the 3rd quarter. Northern Trust Corp now owns 3,518,818 shares of the real estate investment trust’s stock worth $144,659,000 after acquiring an additional 20,096 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Rexford Industrial Realty by 58.7% during the 3rd quarter. Bank of America Corp DE now owns 2,615,234 shares of the real estate investment trust’s stock worth $107,512,000 after acquiring an additional 967,407 shares in the last quarter. Finally, Royal London Asset Management Ltd. purchased a new position in shares of Rexford Industrial Realty in the 2nd quarter valued at about $91,671,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.