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Rexford Industrial Realty, Inc. (REXR)
:REXR
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.27Last Year’s EPS
0.29Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: -18.70%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance with growth in FFO per share and high occupancy rates. However, challenges such as economic uncertainty, market rent declines, and specific tenant issues like LL Flooring's bankruptcy were noted, balancing the positive aspects.Company Guidance
In the third quarter 2024 earnings call for Rexford Industrial Realty Inc., the company provided updated guidance metrics indicating a positive outlook despite some challenges. The guidance for 2024 FFO per share was increased by $0.01 at both the high and low ends, now expected to be between $2.33 and $2.35, reflecting a 7% year-over-year earnings growth at the midpoint. Same-property NOI growth is projected between 4.25% and 4.75% on a net effective basis, and 7% to 7.5% on a cash basis. The company's occupancy is anticipated to average between 96.5% and 96.75%, slightly adjusted due to timing in lease commencements and known move-outs like LL Flooring. Additionally, the company expects leasing spreads to remain strong at 55% on a net effective basis and 40% on a cash basis, while concessions are predicted to be about 1.75 months. The guidance does not account for any future acquisitions or dispositions that have not yet closed.Strong FFO per Share Growth
FFO per share increased by 5.4% compared to the prior year quarter, with a year-to-date growth of 9.3%.
High Occupancy Rates
Consolidated stabilized portfolio occupancy stood at 97.6% at quarter end, demonstrating strong tenant demand.
Positive Leasing Spreads
Leasing spreads showed continued strength at 39% and 27% on a net effective and cash basis, respectively.
Successful Repositioning Projects
Three repositioning projects totaling 325,000 square feet were stabilized, achieving a 7.6% yield.
Increased FFO Guidance
2024 FFO per share guidance increased to a range of $2.33 to $2.35, representing 7% year-over-year growth.
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REXR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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REXR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $48.88 | $44.44 | -9.08% |
| Jul 17, 2024 | $48.75 | $47.91 | -1.72% |
| Apr 17, 2024 | $41.05 | $41.97 | +2.24% |
| Feb 06, 2024 | $50.95 | $49.62 | -2.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rexford Industrial Realty, Inc. (REXR) report earnings?
Rexford Industrial Realty, Inc. (REXR) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Rexford Industrial Realty, Inc. (REXR) earnings time?
Rexford Industrial Realty, Inc. (REXR) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REXR EPS forecast?
REXR EPS forecast for the fiscal quarter 2024 (Q4) is 0.27.
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