Rexford Industrial Realty (NYSE:REXR) Releases Earnings Results, Beats Expectations By $0.34 EPS

Rexford Industrial Realty (NYSE:REXR) announced its earnings results on Thursday. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.27 by $0.34, Zacks reports. The business had revenue of $242.14 million for the quarter, compared to the consensus estimate of $243.79 million. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. Rexford Industrial Realty updated its FY 2026 guidance to 2.370-2.42 EPS.

Rexford Industrial Realty Stock Up 0.1%

Shares of REXR stock traded up $0.04 during mid-day trading on Thursday, reaching $36.30. 2,804,473 shares of the company were exchanged, compared to its average volume of 2,636,853. Rexford Industrial Realty has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.51 and a current ratio of 2.51. The company has a market capitalization of $8.15 billion, a P/E ratio of 42.71, a P/E/G ratio of 2.65 and a beta of 1.26. The business’s 50 day simple moving average is $35.40 and its 200 day simple moving average is $38.85.

Rexford Industrial Realty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.435 per share. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.43. The ex-dividend date was Tuesday, March 31st. This represents a $1.74 annualized dividend and a dividend yield of 4.8%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 204.71%.

Wall Street Analyst Weigh In

Several analysts have issued reports on REXR shares. Evercore raised shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Monday, April 13th. JPMorgan Chase & Co. decreased their target price on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Zacks Research lowered shares of Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Barclays reaffirmed an “underweight” rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. Finally, Robert W. Baird set a $40.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and a consensus target price of $41.92.

Insider Activity at Rexford Industrial Realty

In related news, Director David P. Stockert purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average cost of $37.39 per share, with a total value of $186,950.00. Following the completion of the acquisition, the director directly owned 6,829 shares of the company’s stock, valued at approximately $255,336.31. The trade was a 273.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Fitzmaurice acquired 2,650 shares of Rexford Industrial Realty stock in a transaction on Friday, February 27th. The shares were bought at an average price of $37.55 per share, for a total transaction of $99,507.50. Following the completion of the purchase, the chief financial officer directly owned 14,133 shares in the company, valued at $530,694.15. The trade was a 23.08% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 12,960 shares of company stock valued at $486,804. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of hedge funds have recently bought and sold shares of REXR. Northwestern Mutual Wealth Management Co. raised its stake in Rexford Industrial Realty by 2,997.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,881 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 2,788 shares in the last quarter. Quarry LP acquired a new position in shares of Rexford Industrial Realty in the 4th quarter worth approximately $116,000. EverSource Wealth Advisors LLC grew its position in shares of Rexford Industrial Realty by 131.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 1,848 shares in the last quarter. Danske Bank A S bought a new stake in shares of Rexford Industrial Realty in the 3rd quarter valued at approximately $115,000. Finally, UMB Bank n.a. increased its holdings in shares of Rexford Industrial Realty by 25.5% in the 4th quarter. UMB Bank n.a. now owns 2,956 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 601 shares during the last quarter. 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.