2024-06-14 14:53:31 ET
Summary
- Rexford Industrial Realty, Inc. focuses on growth over growth per share, resulting in a continued overhang on the stock price.
- The company owns over 40 million square feet of industrial real estate in Southern California, with potential risks and benefits.
- Recent Rexford financial updates show continued growth in assets and rental income, but caution is advised due to the focus on growth and lower yields on acquisitions.
Late in 2023, I concluded that Rexford Industrial Realty, Inc. ( REXR ) was focusing on growth rather than growth per share. The pure play on industrial buildings and land in Southern California employs a focused strategy, which has its potential up- and as well as downfalls....
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Rexford Industrial: Still Focusing On Growth, Rather Than Shareholder Growth