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

Rexford Industrial Realty

19/10/2023 24:21

* Rexford Industrial Realty Inc  REXR.N  reported quarterly
adjusted earnings of 27 cents​​ per share for the quarter ended
in September. The mean expectation of five analysts for the
quarter was for earnings of 27 cents per share.
    * Revenue rose 26.2% to $205.40 million from a year ago;
analysts
expected $202.94 million. 
    * Rexford Industrial Realty Inc's reported EPS for the
quarter was
27 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Rexford Industrial Realty Inc shares had fallen by 1.8%
this
quarter and lost 11.3% so far this year.
    * The company reported quarterly net income of $56.34
million.
    * Wall Street's median 12-month price target for Rexford
Industrial Realty Inc is $60.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 18 at 11:21 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.56           0.56           Met
 Jun. 30 2023      0.54           0.54           Met
 Mar. 31 2023      0.52           0.52           Met
 Dec. 31 2022      0.48           0.51           Beat