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

Rexford Industrial Realty

07/02/2024 02:42

* Rexford Industrial Realty Inc  REXR.N  reported quarterly
adjusted earnings of 29 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 22 cents.  The mean expectation of
five analysts for the quarter was for earnings of 27 cents per
share. Wall Street expected results to range from 26 cents to 28
cents per share.
    * Revenue rose 17.8% to $210.43 million from a year ago;
analysts
expected $201.88 million. 
    * Rexford Industrial Realty Inc's reported EPS for the
quarter was
29 cents​.
    * The company reported quarterly net income of $61.68
million.
    * Rexford Industrial Realty Inc shares had fallen by 6.8%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Rexford
Industrial Realty Inc is $60.50 
This summary was machine generated from LSEG data February 7 at
02:41 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.56           0.56           Met
 Sep. 30 2023      0.56           0.56           Met
 Jun. 30 2023      0.54           0.54           Met
 Mar. 31 2023      0.52           0.52           Met