Professional
Added to YB: 2025-01-24
Pitch date: 2025-01-21
REXR [bullish]
Rexford Industrial Realty, Inc.
+5.93%
current return
Author Info
No bio for this author
Company Info
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation over the long term.
Market Cap
$9.5B
Pitch Price
$38.97
Price Target
N/A
Dividend
4.20%
EV/EBITDA
19.60
P/E
28.76
EV/Sales
13.08
Sector
Industrial REITs
Category
value
Davis Real Estate Fund Added On Portfolio Holding: Rexford Industrial Realty, Inc.
REXR (adding to position): Industrial REIT focused on Southern California. Attractive valuation discounts slowing growth, but local submarkets likely more robust than broader market. Adding to position amid sector supply constraints, seeing opportunity similar to past outperformance in industrial before elevated valuations.
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