REXFORD INDUSTRIAL REALTY IN (REXR)
US76169C1009 - REIT
REXR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 129 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 expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
REXR had positive earnings in the past year.
REXR had a positive operating cash flow in the past year.
Each year in the past 5 years REXR has been profitable.
Each year in the past 5 years REXR had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 2.13%, REXR is doing good in the industry, outperforming 70.87% of the companies in the same industry.
REXR has a better Return On Equity (3.29%) than 60.63% of its industry peers.
REXR's Return On Invested Capital of 2.31% is on the low side compared to the rest of the industry. REXR is outperformed by 62.99% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for REXR is in line with the industry average of 3.08%.
The 3 year average ROIC (1.94%) for REXR is below the current ROIC(2.31%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 29.33%, REXR belongs to the top of the industry, outperforming 82.68% of the companies in the same industry.
In the last couple of years the Profit Margin of REXR has grown nicely.
REXR has a Operating Margin of 39.02%. This is amongst the best in the industry. REXR outperforms 85.04% of its industry peers.
REXR's Operating Margin has improved in the last couple of years.
REXR has a better Gross Margin (77.49%) than 75.59% of its industry peers.
In the last couple of years the Gross Margin of REXR has remained more or less at the same level.
| 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.
REXR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for REXR has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.38, we must say that REXR is in the distress zone and has some risk of bankruptcy.
REXR's Altman-Z score of 1.38 is amongst the best of the industry. REXR outperforms 84.25% of its industry peers.
REXR has a debt to FCF ratio of 35.55. This is a negative value and a sign of low solvency as REXR would need 35.55 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 35.55, REXR is in line with its industry, outperforming 59.06% of the companies in the same industry.
A Debt/Equity ratio of 0.42 indicates that REXR is not too dependend on debt financing.
REXR's Debt to Equity ratio of 0.42 is amongst the best of the industry. REXR outperforms 94.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 35.55 | ||
| Altman-Z | 1.38 |
ROIC/WACC0.3
WACC7.78%
2.3 Liquidity
A Current Ratio of 0.17 indicates that REXR may have some problems paying its short term obligations.
REXR has a Current ratio of 0.17. This is amonst the worse of the industry: REXR underperforms 97.64% of its industry peers.
REXR has a Quick Ratio of 0.17. This is a bad value and indicates that REXR is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.17, REXR is not doing good in the industry: 96.85% of the companies in the same industry are doing better.
| 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
The Revenue has grown by 18.01% in the past year. This is quite good.
Measured over the past years, REXR shows a very strong growth in Revenue. The Revenue has been growing by 30.29% on average per year.
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
The Earnings Per Share is expected to grow by 10.88% on average over the next years. This is quite good.
Based on estimates for the next years, REXR will show a quite strong growth in Revenue. The Revenue will grow by 14.48% on average per year.
EPS Next Y10.65%
EPS Next 2Y9.12%
EPS Next 3Y10.46%
EPS Next 5Y10.88%
Revenue Next Year19.44%
Revenue Next 2Y16.06%
Revenue Next 3Y15.22%
Revenue Next 5Y14.48%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 34.12 indicates a quite expensive valuation of REXR.
62.20% of the companies in the same industry are more expensive than REXR, based on the Price/Earnings ratio.
REXR's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.96.
A Price/Forward Earnings ratio of 31.47 indicates a quite expensive valuation of REXR.
REXR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. REXR is cheaper than 77.95% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.82, REXR is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.12 | ||
| Fwd PE | 31.47 |
4.2 Price Multiples
REXR's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. REXR is more expensive than 81.89% of the companies in the same industry.
REXR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 99.05 | ||
| EV/EBITDA | 20.3 |
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.
The decent profitability rating of REXR may justify a higher PE ratio.
PEG (NY)3.2
PEG (5Y)1.53
EPS Next 2Y9.12%
EPS Next 3Y10.46%
5. Dividend
5.1 Amount
REXR has a Yearly Dividend Yield of 4.00%, which is a nice return.
Compared to an average industry Dividend Yield of 6.55, REXR has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.23, REXR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
5.2 History
The dividend of REXR is nicely growing with an annual growth rate of 15.97%!
REXR has paid a dividend for at least 10 years, which is 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 Years5
Div Non Decr Years5
5.3 Sustainability
138.04% of the earnings are spent on dividend by REXR. 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 2Y9.12%
EPS Next 3Y10.46%
REXFORD INDUSTRIAL REALTY IN
NYSE:REXR (11/21/2024, 8:04:00 PM)
After market: 41.97 0 (0%)41.97
-0.71 (-1.66%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap9.33B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.12 | ||
| Fwd PE | 31.47 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.2
PEG (5Y)1.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.13% | ||
| ROE | 3.29% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 39.02% | ||
| PM (TTM) | 29.33% | ||
| GM | 77.49% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)17.14%
EPS 3Y30.84%
EPS 5Y
EPS Q2Q%
EPS Next Y10.65%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)18.01%
Revenue growth 3Y34.2%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y