Rexford Industrial Realty Inc reports results for the quarter ended in December - Earnings Summary

Rexford Industrial Realty

08/02/2023 22:47

* Rexford Industrial Realty Inc  REXR.N  reported quarterly
adjusted earnings of 22 cents​​ per share for the quarter ended
in December. The mean expectation of three analysts for the
quarter was for earnings of 22 cents per share.
    * Revenue rose 34.6% to $178.59 million from a year ago;
analysts
expected $176.07 million. 
    * Rexford Industrial Realty Inc's reported EPS for the
quarter was
22 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Rexford Industrial Realty Inc shares had risen by 17.6%
this
quarter.
    * The company reported quarterly net income of $40.72
million.
    * Wall Street's median 12-month price target for Rexford
Industrial Realty Inc is $69.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
8 at 10:47 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.48           0.51           Beat
 Sep. 30 2022      0.48           0.50           Beat
 Jun. 30 2022      0.48           0.49           Beat
 Mar. 31 2022      0.45           0.48           Beat