Truist analyst Anthony Hau lowered the firm’s price target on Rexford Industrial (REXR) to $37 from $44 and keeps a Buy rating on the shares following Q1 earnings. The firm notes Rexford trades near a decade-low 13.6-turns forward FFO because SoCal industrial demand has lagged since COVID and tariff headlines weigh on sentiment. As headline risk fades, Truist sees Rexford offering the strongest return in the industrial REIT peer set-offset mainly by potential trade-driven demand shocks.
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