REXFORD INDUSTRIAL REALTY IN (REXR) Stock Fundamental Analysis
NYSE:REXR - New York Stock Exchange, Inc. - US76169C1009 - REIT - Currency: USD
Overall REXR gets a fundamental rating of 5 out of 10. We evaluated REXR against 129 industry peers in the Diversified REITs industry. While REXR has a great profitability rating, there are quite some concerns on its financial health. REXR is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
REXR had positive earnings in the past year.
In the past year REXR had a positive cash flow from operations.
In the past 5 years REXR has always been profitable.
Each year in the past 5 years REXR had a positive operating cash flow.
1.2 Ratios
REXR has a Return On Assets of 2.13%. This is in the better half of the industry: REXR outperforms 70.63% of its industry peers.
The Return On Equity of REXR (3.29%) is better than 60.32% of its industry peers.
The Return On Invested Capital of REXR (2.31%) is worse than 63.49% 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 3.11%.
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
Looking at the Profit Margin, with a value of 29.33%, REXR belongs to the top of the industry, outperforming 82.54% of the companies in the same industry.
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 84.92% of the companies in the same industry.
REXR's Operating Margin has improved in the last couple of years.
REXR has a better Gross Margin (77.49%) than 75.40% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), REXR is destroying value.
REXR has more shares outstanding than it did 1 year ago.
REXR has more shares outstanding than it did 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 1.33, we must say that REXR is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.33, REXR belongs to the top of the industry, outperforming 84.92% of the companies in the same industry.
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.
The Debt to FCF ratio of REXR (35.55) is comparable to the rest of the industry.
REXR has a Debt/Equity ratio of 0.42. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of REXR (0.42) is better than 92.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 35.55 | ||
| Altman-Z | 1.33 |
ROIC/WACC0.29
WACC7.85%
2.3 Liquidity
A Current Ratio of 0.17 indicates that REXR may have some problems paying its short term obligations.
REXR has a worse Current ratio (0.17) than 97.62% of its industry peers.
A Quick Ratio of 0.17 indicates that REXR may have some problems paying its short term obligations.
REXR's Quick ratio of 0.17 is on the low side compared to the rest of the industry. REXR is outperformed by 96.83% of its industry peers.
| 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.
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
Based on estimates for the next years, REXR will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.14% on average per year.
REXR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.28% yearly.
EPS Next Y10.56%
EPS Next 2Y8.56%
EPS Next 3Y10.55%
EPS Next 5Y9.14%
Revenue Next Year19.45%
Revenue Next 2Y15.95%
Revenue Next 3Y15.16%
Revenue Next 5Y13.28%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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
Based on the Price/Earnings ratio of 33.48, the valuation of REXR can be described as expensive.
Based on the Price/Earnings ratio, REXR is valued a bit cheaper than the industry average as 61.90% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 28.28. REXR is around the same levels.
REXR is valuated quite expensively with a Price/Forward Earnings ratio of 31.20.
Based on the Price/Forward Earnings ratio, REXR is valued a bit cheaper than the industry average as 74.60% of the companies are valued more expensively.
REXR is valuated cheaply when we compare the Price/Forward Earnings ratio to 91.29, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.48 | ||
| Fwd PE | 31.2 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, REXR is valued more expensive than 81.75% 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 | 97.19 | ||
| EV/EBITDA | 19.74 |
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)3.17
PEG (5Y)1.5
EPS Next 2Y8.56%
EPS Next 3Y10.55%
5. Dividend
5.1 Amount
REXR has a Yearly Dividend Yield of 4.16%, which is a nice return.
Compared to an average industry Dividend Yield of 18.24, REXR is paying slightly less dividend.
REXR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.16% |
5.2 History
On average, the dividend of REXR grows each year by 15.97%, which is quite nice.
REXR has paid a dividend for at least 10 years, which is a reliable track record.
REXR has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)15.97%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
138.04% of the earnings are spent on dividend by REXR. This is not a sustainable payout ratio.
The dividend of REXR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP138.04%
EPS Next 2Y8.56%
EPS Next 3Y10.55%
REXFORD INDUSTRIAL REALTY IN
NYSE:REXR (1/30/2025, 1:39:07 PM)
41.18
+0.76 (+1.88%)
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 Change0.05%
Ins Owners0.1%
Ins Owner Change3.92%
Market Cap9.16B
Analysts74.55
Price Target50.49 (22.61%)
Short Float %2.47%
Short Ratio2.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.16% |
Yearly Dividend1.57
Dividend Growth(5Y)15.97%
DP138.04%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
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)-2.7%
PT rev (3m)-4.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)1.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.38%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.48 | ||
| Fwd PE | 31.2 | ||
| P/S | 10.13 | ||
| P/FCF | 97.19 | ||
| P/OCF | 19.13 | ||
| P/B | 1.13 | ||
| P/tB | 1.17 | ||
| EV/EBITDA | 19.74 |
EPS(TTM)1.23
EY2.99%
EPS(NY)1.32
Fwd EY3.21%
FCF(TTM)0.42
FCFY1.03%
OCF(TTM)2.15
OCFY5.23%
SpS4.06
BVpS36.29
TBVpS35.34
PEG (NY)3.17
PEG (5Y)1.5
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 | 1.33 |
F-Score6
WACC7.85%
ROIC/WACC0.29
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 Year19.45%
Revenue Next 2Y15.95%
Revenue Next 3Y15.16%
Revenue Next 5Y13.28%
EBIT growth 1Y26.55%
EBIT growth 3Y44.05%
EBIT growth 5Y39.51%
EBIT Next Year122.52%
EBIT Next 3Y42.77%
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%