Rexford Industrial Realty, Inc. (REXR) to Issue Quarterly Dividend of $0.43 on July 15th

Rexford Industrial Realty, Inc. (NYSE:REXR) declared a quarterly dividend on Tuesday, April 21st. Investors of record on Tuesday, June 30th will be given a dividend of 0.435 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Tuesday, June 30th.

Rexford Industrial Realty has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Rexford Industrial Realty has a dividend payout ratio of 156.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Rexford Industrial Realty to earn $2.37 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 73.4%.

Rexford Industrial Realty Trading Up 2.1%

Shares of NYSE REXR opened at $34.20 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $35.18 and its two-hundred day moving average price is $36.81. Rexford Industrial Realty has a 52-week low of $32.14 and a 52-week high of $44.38. The stock has a market capitalization of $7.72 billion, a P/E ratio of 36.77, a PEG ratio of 1.43 and a beta of 1.21.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The business had revenue of $242.14 million during the quarter, compared to the consensus estimate of $243.78 million. During the same period in the previous year, the business earned $0.62 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. On average, analysts anticipate that Rexford Industrial Realty will post 2.4 earnings per share for the current fiscal year.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.