Rexford Industrial Realty, Inc. REXR is a real estate investment trust (REIT) that creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world’s fourth-largest industrial market and consistently the highest-demand with lowest-supply major market in the nation.
It is set to report its Q4 2024 earnings on Feb. 4, 2025. Wall Street analysts expect the company to post an EPS of $0.59, up from $0.56 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $246.23 million, up from $207.91 million in the previous year.
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If You Bought Rexford Industrial Realty Stock 10 Years Ago
The company's stock traded at approximately $15.44 per share 10 years ago. If you had invested $10,000, you could have bought roughly 648 shares. Currently, shares trade at $41.20, meaning your investment's value could have grown to $26,684 from stock price appreciation alone. However, Rexford Industrial Realty also paid dividends during these 10 years.
Rexford Industrial Realty's dividend yield is currently 4.05%. Over the last 10 years, it has paid about $9.40 in dividends per share, which means you could have made $6,088 from dividends alone.
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Summing up $26,684 and $6,088, we end up with the final value of your investment, which is $32,772. This is how much you could have made if you had invested $10,000 in Rexford Industrial Realty stock 10 years ago. This means a total return of 227.72%. However, this figure is less than the S&P 500 total return for the same period, which was 236.72%.
What Could The Next 10 Years Bring?
Rexford Industrial Realty has a consensus rating of "Neutral" and a price target of $55.50 based on the ratings of 14 analysts. The price target implies more than 34% potential upside from the current stock price.
On Oct. 16, the company announced its Q3 2024 earnings, posting an FFO of $0.59, in line with expectations and revenues of $241.843 million, beating the consensus estimate of $239.86 million, as reported by Benzinga.
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“Rexford Industrial continues to deliver strong operating results, underscoring the quality of our value-driven business model and dynamic team,” stated Michael Frankel and Howard Schwimmer, Co-Chief Executive Officers of the Company. “As we look ahead, we believe our extensive value-creation opportunity and favorable supply-demand dynamics inherent within our infill Southern California target market will continue to provide a significant runway to deliver high-quality, accretive cash flow growth for our stakeholders.”
Given the expected upside potential of 34%, growth-focused investors may find Rexford Industrial Realty stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 4.05% and consistent hikes. Rexford Industrial Realty has raised its dividend consecutively for the last 12 years.
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