STAG - Rexford Industrial: This REIT Is A Compelling Buy. Here's Why

2024-07-07 09:00:00 ET

Summary

• Rexford Industrial faced headwinds, causing a decline in share price, creating a buying opportunity for long-term investors.
• Despite challenges, REXR saw double-digit growth in core FFO and revenue, outperforming some peers in same-store NOI growth.
• Strong balance sheet, growth projections, and raised guidance make REXR a no-brainer buy for investors seeking stable income and potential upside.
• If REXR can achieve double-digit growth through 2026 as expected, investors will likely see strong upside of more than 30%.
• Management expects headwinds to continue in the near-term, but still expects strong growth moving forward for the company.

Introduction

As an income investor, Rexford Industrial ( REXR ) had been on my list for quite some time. Wanting to diversify outside of retail REITs like Agree Realty ( ADC ) and VICI Properties ( VICI ), two REITs that make up a large portion of my portfolio, I opened a position in REXR.

The stock has dealt with some headwinds over the last several months which caused their share price to decline. But instead of wondering what went wrong, I've been focused on what the REIT has been doing right....

For further details see: