Rexford Industrial Realty, Inc. (NYSE:REXR) Plans Quarterly Dividend of $0.43

Key Points

• Rexford Industrial Realty declared a quarterly dividend of $0.435 per share, payable October 15 to shareholders of record September 30. The annualized payout is $1.74 per share, representing a 4.6% yield.
• The dividend payout ratio is currently high at 156.8%, meaning earnings do not fully cover the distribution; however, analysts expect next year’s earnings to reduce the projected payout ratio to 73.7%.
• Rexford reported a quarterly loss of $2.26 per share, missing estimates by $2.86, while revenue of $243 million slightly exceeded expectations. Institutional investors continue to hold nearly all of the company’s stock, with ownership at 99.52%.

Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) announced a quarterly dividend on Monday, July 20th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.4350 per share by the real estate investment trust on Thursday, October 15th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 30th.

Rexford Industrial Realty has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Rexford Industrial Realty has a dividend payout ratio of 156.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Rexford Industrial Realty to earn $2.36 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 73.7%.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $37.49 on Monday. Rexford Industrial Realty has a 52 week low of $32.14 and a 52 week high of $44.38. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of -20.71 and a beta of 1.18. The business has a 50-day simple moving average of $37.41 and a two-hundred day simple moving average of $35.70. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($2.86). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The business had revenue of $243.00 million for the quarter, compared to the consensus estimate of $240.24 million. During the same period last year, the business posted $0.59 EPS. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, analysts expect that Rexford Industrial Realty will post 2.4 EPS for the current year.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of hedge funds have recently bought and sold shares of the business. Allworth Financial LP acquired a new stake in shares of Rexford Industrial Realty in the second quarter valued at about $33,000. Cassaday & Co Wealth Management LLC acquired a new stake in Rexford Industrial Realty in the 1st quarter valued at about $33,000. Caitlin John LLC purchased a new position in Rexford Industrial Realty in the 2nd quarter worth approximately $36,000. Global Retirement Partners LLC acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter worth approximately $51,000. Finally, CX Institutional boosted its holdings in shares of Rexford Industrial Realty by 172.4% during the 2nd quarter. CX Institutional now owns 1,768 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 1,119 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a real estate investment trust that owns, operates and redevelops industrial properties in Southern California. The company focuses primarily on infill industrial real estate, including warehouses, distribution facilities, manufacturing buildings and other properties used for logistics and commercial operations.

Rexford seeks to create value through the acquisition, leasing, repositioning, redevelopment and development of industrial properties. Its properties are generally located in densely populated and supply-constrained markets across the region, where proximity to customers, transportation infrastructure and major population centers can support demand for industrial space.

Founded in 2001, Rexford Industrial Realty has built a portfolio concentrated in the Greater Los Angeles and San Diego areas.

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