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Last $14.57 USD
Change Today +0.08 / 0.55%
Volume 183.9K
REXR On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

rexford industrial realty in (REXR) Snapshot

Open
$14.55
Previous Close
$14.49
Day High
$14.67
Day Low
$14.51
52 Week High
01/27/15 - $16.79
52 Week Low
08/13/14 - $13.09
Market Cap
806.5M
Average Volume 10 Days
231.1K
EPS TTM
$-0.02
Shares Outstanding
55.4M
EX-Date
06/26/15
P/E TM
--
Dividend
$0.48
Dividend Yield
3.30%
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.

57 Employees
Last Reported Date: 05/11/15
Founded in 2013

rexford industrial realty in (REXR) Top Compensated Officers

Co-Chief Executive Officer and Director
Total Annual Compensation: $990.0K
Co-Chief Executive Officer and Director
Total Annual Compensation: $990.0K
Chief Financial Officer and Secretary
Total Annual Compensation: $553.7K
Compensation as of Fiscal Year 2014.

rexford industrial realty in (REXR) Key Developments

Rexford Industrial Realty, Inc. Enters into First Amendment to Amended and Restated Credit Agreement

On July 15, 2015, Rexford Industrial Realty, Inc. and the Operating Partnership entered into a First Amendment to Amended and Restated Credit Agreement with the Lenders party thereto and Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer. The Amendment provides for, among other things, the following changes to the Amended and Restated Credit Agreement: A maximum secured recourse debt covenant was added, which replaced the maximum recourse debt covenant in the Credit Agreement; The cross default threshold for defaults in other material indebtedness was increased from $20 million to $80 million with respect to recourse debt and from $50 million to $150 million with respect to non-recourse debt; and The default threshold for judgments was increased from $20 million to $40 million.

Rexford Industrial Realty, Inc. Announces Acquisition of Industrial Property for $14.5 Million

Rexford Industrial Realty, Inc. announced that it has acquired a 78,280 square foot industrial building in Huntington Park, California, for $14.5 million, or approximately $185 per square foot. The acquisition was funded with cash on hand and borrowings under the company's credit facility. This 78,280 square foot cold storage facility is located at 6700 S. Alameda Street, in Huntington Park. It is a modern, high-efficiency cooler /freezer building constructed in 2008 with 43' clear heights, providing significantly more cubic feet of storage than competitive facilities typically offering 24' to 36' clear heights. The seller transferred the existing client warehousing contracts to the new tenant, which is operating the facility under a new, 10-year triple net lease. The property is just south of the City of Vernon and offers easy access to the 110, 710, 10 and 105 Freeways. According to CBRE, the vacancy rate in the 285 million square foot LA-Central submarket stood at 2.0% at the end of the first quarter of 2015.

Rexford Industrial Realty, Inc. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015

Rexford Industrial Realty, Inc. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 . Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.

 

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Industry Analysis

REXR

Industry Average

Valuation REXR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 10.4x
Price/Book 1.2x
Price/Cash Flow 25.2x
TEV/Sales 6.5x
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