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Reit Industrial
Rexford Industrial Realty, Inc. is a self-administered and self-managed full-service acquisition, development, and management company concentrated on acquiring, owning, leasing, management, repositioning, and expanding income-producing industrial properties. The company intends to expand its existing market share by pursuing the following four primary business objectives:
* Acquiring industrial properties in infill locations that exhibit high demand and limited supply
* Delivering a best-in-class management and leasing platform to address tenants' needs and attract new renters seeking high-quality space
* Maintaining a flexible and cost-effective capital structure to fund growth and optimize stockholder value
* Developing and redeveloping properties to enhance value and cultivate long-term tenant relations
Due to its growth-oriented strategy, Rexford Industrial Realty's 32.64% three-year annualized growth rate in revenues surpasses 88% of its competitors. Its revenues have grown steadily over the past five years. Analysts expect revenue growth to continue for Rexford Industrial Realty, with a projected 11.5% annual increase next year.
Currently, Rexford Industrial Realty's P/S ratio is 10.91, higher than 95.6% of US-listed firms. Rexford Industrial Realty's revenue has grown at an annualized rate of 13.5% over the past five years. The income has been growing at a consistent rate, and the second quarter of 2022 was no different. Rexford Industrial Realty's revenue increased 6.8% year over year, significantly higher than the 14.1% growth experienced by the reits sector. Rexford Industrial Realty's rise in revenue was more significant than its 5.4% growth rate, surpassing the 3.2% growth rate of the broad real estate services sector.
Rexford Industrial Realty outperformed the reit sector, which saw a 10.5% rise in sales, and the Real Estate Services industry, which saw sales fall 1.1%.
Rexford Industrial Realty reported a third-quarter FFO per share of $0.43 and confirmed its full-year 2022 FFO per share projection of $1.82-$1.84 per share. The Q3 FFO per share was 16.7% higher than the same period in the prior year.
Rexford Industrial Realty has steadily raised its quarterly dividend over the previous few years and currently pays a quarterly dividend of $0.245 per share, equating to an annualized dividend of $0.98. The company's long-term growth potential is substantial, as is the increasing demand for industrial real estate assets amid the e-commerce revolution and ongoing inventory restocking following the COVID-19 epidemic.