Last $16.00 USD
Change Today +0.05 / 0.31%
Volume 86.5K
REXR On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

rexford industrial realty in (REXR) Snapshot

Open
$15.94
Previous Close
$15.95
Day High
$16.05
Day Low
$15.86
52 Week High
12/23/14 - $16.09
52 Week Low
01/29/14 - $12.73
Market Cap
695.7M
Average Volume 10 Days
133.1K
EPS TTM
$-0.09
Shares Outstanding
43.5M
EX-Date
12/29/14
P/E TM
--
Dividend
$0.48
Dividend Yield
3.00%
Current Stock Chart for REXFORD INDUSTRIAL REALTY IN (REXR)

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rexford industrial realty in (REXR) Details

Rexford Industrial Realty, Inc. is an equity real estate investment trust. The firm invests in the real estate markets of Southern California, United States. It engages in owning, operating and acquiring industrial properties. Rexford Industrial Realty, Inc. was formed in January 18, 2013 and is based in Los Angeles, California.

45 Employees
Last Reported Date: 11/6/14
Founded in 2013

rexford industrial realty in (REXR) Top Compensated Officers

Co-Chief Executive Officer and Director
Total Annual Compensation: $700.6K
Co-Chief Executive Officer and Director
Total Annual Compensation: $700.6K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $384.2K
Compensation as of Fiscal Year 2013.

rexford industrial realty in (REXR) Key Developments

Rexford Industrial Realty, Inc. Declares Dividend for Fourth Quarter 2014, Payable on January 15, 2015

Rexford Industrial Realty, Inc. announced that its Board of Directors declared a dividend of $0.12 per share for the fourth quarter 2014, payable in cash on January 15, 2015 to stockholders and unitholders of record on December 31, 2014.

Rexford Industrial Realty, Inc. Announces Acquisition of Three Industrial Properties

Rexford Industrial Realty, Inc. announced the acquisition of three industrial properties containing a combined total of 285,940 rentable square feet, for an aggregate purchase price of approximately $22.6 million. The acquisitions were funded with a combination of cash and the company’s credit facility. The company acquired two industrial buildings, located at 10509 Business Drive and 13231 Slover Avenue, from a single seller for approximately $16.7 million, or $69 per square foot. The Business Drive property contains 130,790 square feet, located on 6.8 acres. The building is currently 100% leased to two tenants at below market rents, with short-term leases. The Slover Avenue property contains 109,460 square feet, situated on 6.2 acres, and is currently 100% leased to two tenants at below market rents, with short term leases. Both industrial buildings are located in Fontana, California, within the Inland Empire West submarket and enjoy excellent access to the I-15, I-10, and 60 freeways. The properties feature excellent loading capacity with 24-foot minimum clear heights. The company plans to bring rental rates to market rent upon lease renewal or re-leasing. According to CBRE, the vacancy rate in the 257 million square-foot Inland Empire West submarket stood at 4.2% at the end of the third quarter of 2014. In a separate off-market transaction, the company acquired 240 W. Ivy, a 45,690 square foot industrial building situated on 2.35 acres for approximately $5.9 million, or $129 per square foot. The property is located in Inglewood, California, within the LAX Airport submarket and is 100% leased to six tenants. The building is equipped with 38 dock-high loading doors and has convenient access to I-405, I-10 and I-105 freeways. The location and functionality of this property makes it highly desirable to tenants related to the air-freight industry. In-place rental rates are below market and Rexford plans to re-lease or re-configure tenant spaces upon expiration to facilitate increases to market rents. According to CBRE, the vacancy rate in the 218 million square foot South Bay submarket, which includes the LAX Airport submarket, stood at 1.8% at the end of third quarter 2014.

Rexford Industrial Realty, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Rexford Industrial Realty, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues were $18,036,000 compared to $2,734,000 for the period from July 1, 2013 to July 23, 2013 and $8,980,000 for the period from July 24, 2013 to September 30, 2013. Net loss from continuing operations was $679,000 compared to net loss from continuing operations of $5,877,000 for the period from July 1, 2013 to July 23, 2013 and net income from continuing operations of $175,000 for the period from July 24, 2013 to September 30, 2013. Net loss was $679,000 compared to net loss of $5,868,000 for the period from July 1, 2013 to July 23, 2013 and net income of $295,000 for the period from July 24, 2013 to September 30, 2013. Net loss attributable to Rexford Industrial Realty, Inc. stockholders and participating securities was $599,000 compared to net loss attributable to Rexford Industrial Realty, Inc. stockholders and participating securities of $2,309,000 for the period from July 1, 2013 to July 23, 2013 and net income attributable to Rexford Industrial Realty, Inc. stockholders and participating securities of $256,000 for the period from July 24, 2013 to September 30, 2013. Net loss available to common stockholders per basic and diluted share was $0.02 compared to Net income available to common stockholders per basic and diluted share of $0.01 for the same period last year. The Company reported Recurring FFO of $7.7 million, or $0.23 per diluted share of common stock, for the three months ended September 30, 2014. FFO was $7.0 million, or $0.21 per diluted share of common stock. For the nine months, the company reported total revenues were $46,723,000 compared to $22,747,000 for the period from July 1, 2013 to July 23, 2013 and $8,980,000 for the period from July 24, 2013 to September 30, 2013. Net loss from continuing operations was $1,315,000 compared to net loss from continuing operations of $8,194,000 for the period from July 1, 2013 to July 23, 2013 and net income from continuing operations of $175,000 for the period from July 24, 2013 to September 30, 2013. Net income was $831,000 compared to net loss of $4,281,000 for the period from July 1, 2013 to July 23, 2013 and net income of $295,000 for the period from July 24, 2013 to September 30, 2013. Net income attributable to Rexford Industrial Realty, Inc. stockholders and participating securities was $751,000 compared to net loss attributable to Rexford Industrial Realty, Inc. stockholders and participating securities of $4,266,000 for the period from July 1, 2013 to July 23, 2013 and net income attributable to Rexford Industrial Realty, Inc. stockholders and participating securities of $256,000 for the period from July 24, 2013 to September 30, 2013. Net loss available to common stockholders per basic and diluted share was $0.02 compared to Net income available to common stockholders per basic and diluted share of $0.01 for the same period last year. For the nine months ended September 30, 2014, the Company reported Recurring FFO of $19.1 million, or $0.68 per diluted share of common stock. FFO was $17.5 million, or $0.62 per diluted share of common stock.

 

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Valuation REXR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 9.2x
Price/Book 1.3x
Price/Cash Flow 27.0x
TEV/Sales 5.7x
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