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

Rexford Industrial Realty

19/04/2023 22:01

* Rexford Industrial Realty Inc  REXR.N  reported quarterly
adjusted earnings of 30 cents​​ per share for the quarter ended
in March. The mean expectation of two analysts for the quarter
was for earnings of 22 cents per share.
    * Revenue rose 32.3% to $186.24 million from a year ago;
analysts
expected $184.66 million. 
    * Rexford Industrial Realty Inc's reported EPS for the
quarter was
30 cents​.
    * The mean earnings estimate of analysts had risen by
about 3% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Rexford Industrial Realty Inc shares had fallen by 7.6%
this
quarter and gained 0.8% so far this year.
    * The company reported quarterly net income of $57.87
million.
    * Wall Street's median 12-month price target for Rexford
Industrial Realty Inc is $70.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 19 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.52           0.52           Met
 Dec. 31 2022      0.48           0.51           Beat
 Sep. 30 2022      0.48           0.50           Beat
 Jun. 30 2022      0.48           0.49           Beat