Rexford Industrial Realty Inc expected to post earnings of 27 cents a share - Earnings Preview

Rexford Industrial Realty

02/02/2024 22:11

* Rexford Industrial Realty Inc  REXR.N   REXR.K  is
expected
to show a rise in quarterly revenue when it reports  results on
February 6 for the period ending December 31 2023
    * The Los Angeles California-based  company is expected to
report
a 13.0% increase in revenue to $201.884 million from $178.59
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data. (SAL Represent Rental income)
    * ​LSEG's mean analyst estimate for Rexford Industrial
Realty Inc
is for earnings of 27 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Rexford
Industrial Realty Inc is $60.50​, above​ its last closing price
of $54.09. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.56        0.56       0.56      Met     0.6
 Jun. 30 2023  0.54        0.54       0.54      Met     0
 Mar. 31 2023  0.53        0.52       0.52      Met     -0.5​
 Dec. 31 2022  0.48        0.48       0.51      Beat    5.8
 ​​Sep.        0.48        0.48       0.50      Beat    3.4
 30 2022                                                
 Jun. 30 2022  0.48        0.48       0.49      Beat    2.5​
 Mar. 31 2022  0.46        0.45       0.48      Beat    6.2
 Dec. 31 2021  0.44        0.43       0.44      Beat    1.4
 This summary was machine generated February 2 at 22:11 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)