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REXFORD INDUSTRIAL REALTY, INC.

(REXR)
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Rexford Industrial: Q3 Earnings Snapshot

10/20/2021 | 05:13pm EST

LOS ANGELES (AP) _ Rexford Industrial Realty Inc. (REXR) on Wednesday reported a key measure of profitability in its third quarter. The results beat Wall Street expectations.

The Los Angeles-based real estate investment trust said it had funds from operations of $59.6 million, or 43 cents per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 39 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $31.5 million, or 23 cents per share.

The industrial real estate investment trust, based in Los Angeles, posted revenue of $115.4 million in the period.

Rexford Industrial expects full-year funds from operations in the range of $1.60 to $1.61 per share.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REXR at https://www.zacks.com/ap/REXR

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Analyst Recommendations on REXFORD INDUSTRIAL REALTY, INC.
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Financials (USD)
Sales 2021 448 M - -
Net income 2021 96,9 M - -
Net Debt 2021 660 M - -
P/E ratio 2021 98,7x
Yield 2021 1,34%
Capitalization 10 818 M 10 818 M -
EV / Sales 2021 25,6x
EV / Sales 2022 20,1x
Nbr of Employees 147
Free-Float 97,1%
Chart REXFORD INDUSTRIAL REALTY, INC.
Duration : Period :
Rexford Industrial Realty, Inc. Technical Analysis Chart | REXR | US76169C1009 | MarketScreener
Technical analysis trends REXFORD INDUSTRIAL REALTY, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 71,52 $
Average target price 77,06 $
Spread / Average Target 7,75%
EPS Revisions
Managers and Directors
Howard Schwimmer Co-Chief Executive Officer & Director
Michael S. Frankel Co-Chief Executive Officer & Director
Laura J Clark Chief Financial Officer
Richard S. Ziman Chairman
Patrick Schlehuber Executive Vice President-Investment
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