REXFORD INDUSTRIAL REALTY IN (REXR)
US76169C1009 - REIT
REXR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. While REXR belongs to the best of the industry regarding profitability, there are concerns on its financial health. REXR is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
In the past year REXR was profitable.
In the past year REXR had a positive cash flow from operations.
REXR had positive earnings in each of the past 5 years.
REXR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
REXR has a better Return On Assets (2.13%) than 69.53% of its industry peers.
The Return On Equity of REXR (3.29%) is comparable to the rest of the industry.
The Return On Invested Capital of REXR (2.31%) is worse than 62.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for REXR is in line with the industry average of 3.08%.
The last Return On Invested Capital (2.31%) for REXR is above the 3 year average (1.94%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.13% | ||
| ROE | 3.29% | ||
| ROIC | 2.31% |
ROA(3y)1.81%
ROA(5y)1.61%
ROE(3y)2.56%
ROE(5y)2.31%
ROIC(3y)1.94%
ROIC(5y)1.82%
1.3 Margins
REXR has a better Profit Margin (29.33%) than 82.81% of its industry peers.
REXR's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 39.02%, REXR belongs to the top of the industry, outperforming 85.16% of the companies in the same industry.
REXR's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 77.49%, REXR is in the better half of the industry, outperforming 75.78% of the companies in the same industry.
REXR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 39.02% | ||
| PM (TTM) | 29.33% | ||
| GM | 77.49% |
OM growth 3Y7.34%
OM growth 5Y7.08%
PM growth 3Y15.36%
PM growth 5Y10.91%
GM growth 3Y0.45%
GM growth 5Y0.32%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so REXR is destroying value.
The number of shares outstanding for REXR has been increased compared to 1 year ago.
The number of shares outstanding for REXR has been increased compared to 5 years ago.
Compared to 1 year ago, REXR has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.26, we must say that REXR is in the distress zone and has some risk of bankruptcy.
REXR has a better Altman-Z score (1.26) than 82.03% of its industry peers.
The Debt to FCF ratio of REXR is 35.55, which is on the high side as it means it would take REXR, 35.55 years of fcf income to pay off all of its debts.
REXR has a Debt to FCF ratio of 35.55. This is comparable to the rest of the industry: REXR outperforms 58.59% of its industry peers.
REXR has a Debt/Equity ratio of 0.42. This is a healthy value indicating a solid balance between debt and equity.
REXR's Debt to Equity ratio of 0.42 is amongst the best of the industry. REXR outperforms 92.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 35.55 | ||
| Altman-Z | 1.26 |
ROIC/WACC0.3
WACC7.8%
2.3 Liquidity
A Current Ratio of 0.17 indicates that REXR may have some problems paying its short term obligations.
With a Current ratio value of 0.17, REXR is not doing good in the industry: 97.66% of the companies in the same industry are doing better.
A Quick Ratio of 0.17 indicates that REXR may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.17, REXR is doing worse than 96.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 |
3. Growth
3.1 Past
REXR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.14%, which is quite good.
The Earnings Per Share has been growing by 22.26% on average over the past years. This is a very strong growth
Looking at the last year, REXR shows a quite strong growth in Revenue. The Revenue has grown by 18.01% in the last year.
The Revenue has been growing by 30.29% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)17.14%
EPS 3Y30.84%
EPS 5Y22.26%
EPS Q2Q%11.11%
Revenue 1Y (TTM)18.01%
Revenue growth 3Y34.2%
Revenue growth 5Y30.29%
Sales Q2Q%17.74%
3.2 Future
REXR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.14% yearly.
Based on estimates for the next years, REXR will show a quite strong growth in Revenue. The Revenue will grow by 13.28% on average per year.
EPS Next Y10.56%
EPS Next 2Y8.56%
EPS Next 3Y10.55%
EPS Next 5Y9.14%
Revenue Next Year19.48%
Revenue Next 2Y16.17%
Revenue Next 3Y15.31%
Revenue Next 5Y13.28%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
REXR is valuated quite expensively with a Price/Earnings ratio of 30.91.
REXR's Price/Earnings ratio is a bit cheaper when compared to the industry. REXR is cheaper than 66.41% of the companies in the same industry.
When comparing the Price/Earnings ratio of REXR to the average of the S&P500 Index (27.73), we can say REXR is valued inline with the index average.
The Price/Forward Earnings ratio is 28.81, which means the current valuation is very expensive for REXR.
Based on the Price/Forward Earnings ratio, REXR is valued a bit cheaper than 78.13% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.83, REXR is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.91 | ||
| Fwd PE | 28.81 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, REXR is valued more expensive than 80.47% of the companies in the same industry.
REXR's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 89.73 | ||
| EV/EBITDA | 18.88 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates REXR does not grow enough to justify the current Price/Earnings ratio.
REXR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.93
PEG (5Y)1.39
EPS Next 2Y8.56%
EPS Next 3Y10.55%
5. Dividend
5.1 Amount
REXR has a Yearly Dividend Yield of 4.40%, which is a nice return.
The stock price of REXR dropped by -25.64% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 15.49, REXR has a dividend in line with its industry peers.
REXR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.4% |
5.2 History
The dividend of REXR is nicely growing with an annual growth rate of 15.97%!
REXR has been paying a dividend for at least 10 years, so it has a reliable track record.
As REXR did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)15.97%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
REXR pays out 138.04% of its income as dividend. This is not a sustainable payout ratio.
REXR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP138.04%
EPS Next 2Y8.56%
EPS Next 3Y10.55%
REXFORD INDUSTRIAL REALTY IN
NYSE:REXR (12/20/2024, 8:04:00 PM)
After market: 38.56 +0.54 (+1.42%)38.02
+0.05 (+0.13%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners119.19%
Inst Owner Change1%
Ins Owners0.1%
Ins Owner Change3.92%
Market Cap8.46B
Analysts74.55
Price Target51.89 (36.48%)
Short Float %2.63%
Short Ratio2.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.4% |
Dividend Growth(5Y)15.97%
DP138.04%
Div Incr Years6
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.68%
Min EPS beat(2)5.99%
Max EPS beat(2)33.36%
EPS beat(4)3
Avg EPS beat(4)10.98%
Min EPS beat(4)-0.74%
Max EPS beat(4)33.36%
EPS beat(8)4
Avg EPS beat(8)9.08%
EPS beat(12)6
Avg EPS beat(12)11.97%
EPS beat(16)10
Avg EPS beat(16)27.62%
Revenue beat(2)1
Avg Revenue beat(2)0.02%
Min Revenue beat(2)-1.15%
Max Revenue beat(2)1.2%
Revenue beat(4)3
Avg Revenue beat(4)1.04%
Min Revenue beat(4)-1.15%
Max Revenue beat(4)2.19%
Revenue beat(8)3
Avg Revenue beat(8)-0.09%
Revenue beat(12)5
Avg Revenue beat(12)-0.35%
Revenue beat(16)6
Avg Revenue beat(16)-0.33%
PT rev (1m)-1.76%
PT rev (3m)-8.39%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.9%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)1.17%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)3.1%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)-0.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.91 | ||
| Fwd PE | 28.81 | ||
| P/S | 9.35 | ||
| P/FCF | 89.73 | ||
| P/OCF | 17.67 | ||
| P/B | 1.05 | ||
| P/tB | 1.08 | ||
| EV/EBITDA | 18.88 |
EPS(TTM)1.23
EY3.24%
EPS(NY)1.32
Fwd EY3.47%
FCF(TTM)0.42
FCFY1.11%
OCF(TTM)2.15
OCFY5.66%
SpS4.06
BVpS36.29
TBVpS35.34
PEG (NY)2.93
PEG (5Y)1.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.13% | ||
| ROE | 3.29% | ||
| ROCE | 2.92% | ||
| ROIC | 2.31% | ||
| ROICexc | 2.32% | ||
| ROICexgc | 2.38% | ||
| OM | 39.02% | ||
| PM (TTM) | 29.33% | ||
| GM | 77.49% | ||
| FCFM | 10.42% |
ROA(3y)1.81%
ROA(5y)1.61%
ROE(3y)2.56%
ROE(5y)2.31%
ROIC(3y)1.94%
ROIC(5y)1.82%
ROICexc(3y)1.95%
ROICexc(5y)1.84%
ROICexgc(3y)2%
ROICexgc(5y)1.89%
ROCE(3y)2.46%
ROCE(5y)2.3%
ROICexcg growth 3Y9.42%
ROICexcg growth 5Y4.63%
ROICexc growth 3Y9.58%
ROICexc growth 5Y4.89%
OM growth 3Y7.34%
OM growth 5Y7.08%
PM growth 3Y15.36%
PM growth 5Y10.91%
GM growth 3Y0.45%
GM growth 5Y0.32%
F-Score6
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 35.55 | ||
| Debt/EBITDA | 5.39 | ||
| Cap/Depr | 142.77% | ||
| Cap/Sales | 42.52% | ||
| Interest Coverage | 4.76 | ||
| Cash Conversion | 76.96% | ||
| Profit Quality | 35.54% | ||
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 | ||
| Altman-Z | 1.26 |
F-Score6
WACC7.8%
ROIC/WACC0.3
Cap/Depr(3y)82.09%
Cap/Depr(5y)72.47%
Cap/Sales(3y)25.91%
Cap/Sales(5y)23.86%
Profit Quality(3y)102.5%
Profit Quality(5y)132.05%
High Growth Momentum
Growth
EPS 1Y (TTM)17.14%
EPS 3Y30.84%
EPS 5Y22.26%
EPS Q2Q%11.11%
EPS Next Y10.56%
EPS Next 2Y8.56%
EPS Next 3Y10.55%
EPS Next 5Y9.14%
Revenue 1Y (TTM)18.01%
Revenue growth 3Y34.2%
Revenue growth 5Y30.29%
Sales Q2Q%17.74%
Revenue Next Year19.48%
Revenue Next 2Y16.17%
Revenue Next 3Y15.31%
Revenue Next 5Y13.28%
EBIT growth 1Y26.55%
EBIT growth 3Y44.05%
EBIT growth 5Y39.51%
EBIT Next Year123.1%
EBIT Next 3Y43.84%
EBIT Next 5Y32.57%
FCF growth 1Y-50.74%
FCF growth 3Y15.09%
FCF growth 5Y28.81%
OCF growth 1Y53.15%
OCF growth 3Y32.69%
OCF growth 5Y32.98%