Rexford Industrial Realty (NYSE:REXR – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.380-2.430 for the period, compared to the consensus earnings per share estimate of 2.390. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on REXR. Wells Fargo & Company decreased their price objective on Rexford Industrial Realty from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Evercore reaffirmed an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Citigroup reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a research note on Wednesday, July 29th. Mizuho lifted their price objective on shares of Rexford Industrial Realty from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Finally, Scotiabank boosted their price objective on shares of Rexford Industrial Realty from $38.00 to $40.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 31st. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and a consensus price target of $41.00.
Check Out Our Latest Stock Analysis on REXR
Rexford Industrial Realty Stock Down 1.1%
Rexford Industrial Realty (NYSE:REXR – Get Free Report) last released its earnings results on Thursday, July 23rd. 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). The company had revenue of $243.00 million for the quarter, compared to the consensus estimate of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, equities analysts expect that Rexford Industrial Realty will post 2.39 EPS for the current year.
Rexford Industrial Realty Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio is presently -96.13%.
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.
Further Reading
- Five stocks we like better than Rexford Industrial Realty
- Aeluma’s Selloff Could Be Setting Up Its Next Big Move
- Crypto Bill Stalls, Smart Money Calls: Time to Buy the Dip?
- The September Scramble: Find Sanctuary in These 3 Defensive Dividend Stocks
- The Fed’s Rate Hike Could Backfire If Oil Prices Collapse
Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter.
