2024-05-27 22:52:45 ET
Summary
- In our last coverage of Rexford Industrial, we highlighted the fundamental threats that were building in the horizon.
- The REIT's Q1-2024 results show a slowdown in growth and a drop in market rent spread.
- The stock is getting cheap by some measures and we weigh in as to why you could look to start accumulating using defensive covered calls.
On our last coverage of Rexford Industrial Reality Inc. ( REXR ) we identified that the bulls were likely going to run out of juice to keep the stock price afloat. Fundamental threats were popping up and once the euphoria of the potential rate cuts passed, you would likely see the lows breached....
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Rexford Industrial: Fundamentals Continue To Weaken