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Last $15.05 USD
Change Today +0.11 / 0.74%
Volume 200.4K
REXR On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

rexford industrial realty in (REXR) Snapshot

Open
$14.99
Previous Close
$14.94
Day High
$15.19
Day Low
$14.97
52 Week High
01/27/15 - $16.79
52 Week Low
08/13/14 - $13.09
Market Cap
832.7M
Average Volume 10 Days
308.8K
EPS TTM
$-0.05
Shares Outstanding
55.3M
EX-Date
03/27/15
P/E TM
--
Dividend
$0.48
Dividend Yield
3.19%
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.

48 Employees
Last Reported Date: 03/9/15
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. Announces Acquisitions of Two Industrial Properties for $15.4 Million

Rexford Industrial Realty, Inc. announced the acquisition of a single-tenant industrial building as well as a 10.26 acre paved storage facility for an aggregate purchase price of approximately $15.4 million. The funding of both acquisitions was completed with cash on hand. In May, 2015, Rexford Industrial acquired 16221 Arthur Street, a 61,372 square foot building on 2.83 acres, for $5.8 million, or $94 per square foot. The single-tenant industrial building is located in Cerritos, within the Los Angeles Mid-Counties submarket. Rexford Industrial acquired the property at what it believes is a significant discount to market value through execution of a tenant purchase option, effectively assigned to the Company by the tenant. At closing, the Company executed a lease with the existing tenant for 100% of the property through 2020. The property is centrally located within a master planned, institutionally owned business park. According to CBRE, the availability rate in the 108.7 million square foot Los Angeles Mid-Counties submarket stood at 1.4% as of the first quarter of 2015. In late-April, 2015, Rexford Industrial acquired 9615 Norwalk Boulevard, a 10.26 acre paved land storage facility in Santa Fe Springs, within the Los Angeles Mid-Counties submarket, for $9.6 million, or $22 per square foot of land. The 447,000 square foot storage facility also includes a 26,362 industrial building and a 12,000 square foot, two-story office building. The tenant will vacate the property upon lease expiration in June 2015, which allows Rexford to deliver highly-sought-after yard storage in a high-demand, supply constrained market.

Rexford Industrial Announces Acquisitions of Two Single-Tenant Industrial Properties for $21.7 Million

Rexford Industrial Realty, Inc. announced the acquisition of two single-tenant industrial properties containing a combined total of 218,554 square feet, for an aggregate purchase price of approximately $21.7 million. The funding of both acquisitions was completed with cash on hand. Red Gum: In March 2015, in an off-market transaction, Rexford Industrial acquired 1210 N. Red Gum Street, a 64,570 square foot property on 2.87 acres, for $7.7 million, or $119 per square foot. The single-tenant industrial building is located in Anaheim within the North Orange County submarket and is leased through 2019 to a single tenant under a triple net lease. The facility features six dock-high loading positions, a secured yard, 21-23 foot clear height and favorable access to the I-5, 91, 57 and 55 freeways. De Soto: In March 2015, Rexford Industrial acquired 9401 De Soto Avenue, a 153,984 square foot property on 6.68 acres, for $14.1 million, or $91 per square foot. The single-tenant industrial building is located in Chatsworth within the Greater San Fernando Valley (Los Angeles) submarket. The facility features 28 foot clear height and favorable access to the I-405, 101 and 118 freeways. This asset is positioned to enjoy strong tenant demand as a result of the scarcity of buildings greater than 100,000 square feet with clear heights in excess of 24 feet within the supply-constricted San Fernando Valley.

Rexford Industrial Realty, Inc. Declares First Quarter Dividend, Payable on April 15, 2015

On February 26, 2015, the Rexford Industrial Realty, Inc. Board of Directors declared a dividend of $0.12 per share for the first quarter of 2015, payable in cash on April 15, 2015 to stockholders and unit holders of record on March 31, 2015.

 

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REXR

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Valuation REXR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 10.2x
Price/Book 1.2x
Price/Cash Flow 28.0x
TEV/Sales 6.8x
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