REXFORD INDUSTRIAL REALTY IN (REXR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:REXR - US76169C1009 - REIT
40.65 USD
+0.6 (+1.5%)
40.5 USD
-0.15 (-0.37%)
Overall REXR gets a fundamental rating of 5 out of 10. We evaluated REXR against 126 industry peers in the Diversified REITs industry. While REXR has a great profitability rating, there are quite some concerns on its financial health. REXR has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
REXR had positive earnings in the past year.
In the past year REXR had a positive cash flow from operations.
In the past 5 years REXR has always been profitable.
REXR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 2.55%, REXR is doing good in the industry, outperforming 67.46% of the companies in the same industry.
REXR has a better Return On Equity (3.78%) than 60.32% of its industry peers.
With a Return On Invested Capital value of 2.41%, REXR perfoms like the industry average, outperforming 45.24% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for REXR is in line with the industry average of 3.06%.
The last Return On Invested Capital (2.41%) for REXR is above the 3 year average (2.16%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.55% | ||
| ROE | 3.78% | ||
| ROIC | 2.41% |
ROA(3y)1.95%
ROA(5y)1.75%
ROE(3y)2.83%
ROE(5y)2.54%
ROIC(3y)2.16%
ROIC(5y)1.96%
1.3 Margins
With an excellent Profit Margin value of 32.90%, REXR belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
In the last couple of years the Profit Margin of REXR has grown nicely.
REXR has a better Operating Margin (38.17%) than 84.13% of its industry peers.
In the last couple of years the Operating Margin of REXR has grown nicely.
The Gross Margin of REXR (77.51%) is better than 75.40% of its industry peers.
In the last couple of years the Gross Margin of REXR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.17% | ||
| PM (TTM) | 32.9% | ||
| GM | 77.51% |
OM growth 3Y7.26%
OM growth 5Y7.06%
PM growth 3Y4.32%
PM growth 5Y8.23%
GM growth 3Y0.59%
GM growth 5Y0.32%
2. Health
2.1 Basic Checks
REXR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for REXR has been increased compared to 1 year ago.
Compared to 5 years ago, REXR has more shares outstanding
The debt/assets ratio for REXR is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.45, we must say that REXR is in the distress zone and has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.45, REXR belongs to the best of the industry, outperforming 90.48% of the companies in the same industry.
REXR has a debt to FCF ratio of 15.72. This is a negative value and a sign of low solvency as REXR would need 15.72 years to pay back of all of its debts.
REXR's Debt to FCF ratio of 15.72 is amongst the best of the industry. REXR outperforms 84.13% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that REXR is not too dependend on debt financing.
REXR has a Debt to Equity ratio of 0.37. This is amongst the best in the industry. REXR outperforms 95.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 15.72 | ||
| Altman-Z | 1.45 |
ROIC/WACC0.33
WACC7.3%
2.3 Liquidity
REXR has a Current Ratio of 0.71. This is a bad value and indicates that REXR is not financially healthy enough and could expect problems in meeting its short term obligations.
REXR has a worse Current ratio (0.71) than 65.87% of its industry peers.
A Quick Ratio of 0.71 indicates that REXR may have some problems paying its short term obligations.
With a Quick ratio value of 0.71, REXR is not doing good in the industry: 63.49% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
REXR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.45%, which is quite good.
Measured over the past years, REXR shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.82% on average per year.
Looking at the last year, REXR shows a quite strong growth in Revenue. The Revenue has grown by 10.40% in the last year.
REXR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.51% yearly.
EPS 1Y (TTM)15.45%
EPS 3Y14.79%
EPS 5Y20.82%
EPS Q2Q%23.33%
Revenue 1Y (TTM)10.4%
Revenue growth 3Y27.46%
Revenue growth 5Y28.51%
Sales Q2Q%4.71%
3.2 Future
Based on estimates for the next years, REXR will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.12% on average per year.
Based on estimates for the next years, REXR will show a small growth in Revenue. The Revenue will grow by 6.57% on average per year.
EPS Next Y16.05%
EPS Next 2Y0.44%
EPS Next 3Y-2.56%
EPS Next 5Y11.12%
Revenue Next Year7.92%
Revenue Next 2Y5.84%
Revenue Next 3Y5.15%
Revenue Next 5Y6.57%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 28.63, REXR can be considered very expensive at the moment.
REXR's Price/Earnings ratio is a bit cheaper when compared to the industry. REXR is cheaper than 65.87% of the companies in the same industry.
REXR is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 33.30, which means the current valuation is very expensive for REXR.
73.81% of the companies in the same industry are more expensive than REXR, based on the Price/Forward Earnings ratio.
REXR is valuated rather expensively when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.63 | ||
| Fwd PE | 33.3 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, REXR is valued a bit more expensive than the industry average as 75.40% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of REXR indicates a somewhat cheap valuation: REXR is cheaper than 69.84% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.78 | ||
| EV/EBITDA | 17.81 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
REXR has an outstanding profitability rating, which may justify a higher PE ratio.
REXR's earnings are expected to decrease with -2.56% in the coming years. This may justify a cheaper valuation.
PEG (NY)1.78
PEG (5Y)1.37
EPS Next 2Y0.44%
EPS Next 3Y-2.56%
5. Dividend
5.1 Amount
REXR has a Yearly Dividend Yield of 4.26%, which is a nice return.
Compared to an average industry Dividend Yield of 6.86, REXR is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 1.92, REXR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
5.2 History
The dividend of REXR is nicely growing with an annual growth rate of 15.33%!
REXR has been paying a dividend for at least 10 years, so it has a reliable track record.
As REXR did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)15.33%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
126.21% of the earnings are spent on dividend by REXR. This is not a sustainable payout ratio.
REXR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP126.21%
EPS Next 2Y0.44%
EPS Next 3Y-2.56%
40.65
+0.6 (+1.5%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners114.24%
Inst Owner Change0.08%
Ins Owners0.06%
Ins Owner Change79.45%
Market Cap9.46B
Revenue(TTM)997.93M
Net Income(TTM)328.27M
Analysts71.67
Price Target45.33 (11.51%)
Short Float %6.08%
Short Ratio7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
Yearly Dividend1.73
Dividend Growth(5Y)15.33%
DP126.21%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)57.06%
Min EPS beat(2)33.12%
Max EPS beat(2)81%
EPS beat(4)3
Avg EPS beat(4)30.68%
Min EPS beat(4)-1.35%
Max EPS beat(4)81%
EPS beat(8)6
Avg EPS beat(8)20.83%
EPS beat(12)7
Avg EPS beat(12)16.28%
EPS beat(16)9
Avg EPS beat(16)16.64%
Revenue beat(2)0
Avg Revenue beat(2)-2.94%
Min Revenue beat(2)-4.87%
Max Revenue beat(2)-1.02%
Revenue beat(4)1
Avg Revenue beat(4)-1.74%
Min Revenue beat(4)-4.87%
Max Revenue beat(4)1.06%
Revenue beat(8)4
Avg Revenue beat(8)-0.35%
Revenue beat(12)4
Avg Revenue beat(12)-0.64%
Revenue beat(16)6
Avg Revenue beat(16)-0.7%
PT rev (1m)0%
PT rev (3m)7.51%
EPS NQ rev (1m)-0.63%
EPS NQ rev (3m)-0.93%
EPS NY rev (1m)-0.24%
EPS NY rev (3m)9.04%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)1.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.63 | ||
| Fwd PE | 33.3 | ||
| P/S | 9.48 | ||
| P/FCF | 45.78 | ||
| P/OCF | 17.31 | ||
| P/B | 1.09 | ||
| P/tB | 1.11 | ||
| EV/EBITDA | 17.81 |
EPS(TTM)1.42
EY3.49%
EPS(NY)1.22
Fwd EY3%
FCF(TTM)0.89
FCFY2.18%
OCF(TTM)2.35
OCFY5.78%
SpS4.29
BVpS37.27
TBVpS36.58
PEG (NY)1.78
PEG (5Y)1.37
Graham Number34.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.55% | ||
| ROE | 3.78% | ||
| ROCE | 3.05% | ||
| ROIC | 2.41% | ||
| ROICexc | 2.46% | ||
| ROICexgc | 2.51% | ||
| OM | 38.17% | ||
| PM (TTM) | 32.9% | ||
| GM | 77.51% | ||
| FCFM | 20.72% |
ROA(3y)1.95%
ROA(5y)1.75%
ROE(3y)2.83%
ROE(5y)2.54%
ROIC(3y)2.16%
ROIC(5y)1.96%
ROICexc(3y)2.17%
ROICexc(5y)1.98%
ROICexgc(3y)2.22%
ROICexgc(5y)2.03%
ROCE(3y)2.73%
ROCE(5y)2.48%
ROICexgc growth 3Y10.95%
ROICexgc growth 5Y6.84%
ROICexc growth 3Y11.09%
ROICexc growth 5Y6.95%
OM growth 3Y7.26%
OM growth 5Y7.06%
PM growth 3Y4.32%
PM growth 5Y8.23%
GM growth 3Y0.59%
GM growth 5Y0.32%
F-Score8
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 15.72 | ||
| Debt/EBITDA | 4.7 | ||
| Cap/Depr | 109.31% | ||
| Cap/Sales | 34.06% | ||
| Interest Coverage | 3.92 | ||
| Cash Conversion | 79% | ||
| Profit Quality | 62.97% | ||
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.71 | ||
| Altman-Z | 1.45 |
F-Score8
WACC7.3%
ROIC/WACC0.33
Cap/Depr(3y)104.9%
Cap/Depr(5y)90.16%
Cap/Sales(3y)31.7%
Cap/Sales(5y)28.33%
Profit Quality(3y)77.21%
Profit Quality(5y)103.4%
High Growth Momentum
Growth
EPS 1Y (TTM)15.45%
EPS 3Y14.79%
EPS 5Y20.82%
EPS Q2Q%23.33%
EPS Next Y16.05%
EPS Next 2Y0.44%
EPS Next 3Y-2.56%
EPS Next 5Y11.12%
Revenue 1Y (TTM)10.4%
Revenue growth 3Y27.46%
Revenue growth 5Y28.51%
Sales Q2Q%4.71%
Revenue Next Year7.92%
Revenue Next 2Y5.84%
Revenue Next 3Y5.15%
Revenue Next 5Y6.57%
EBIT growth 1Y8.02%
EBIT growth 3Y36.72%
EBIT growth 5Y37.58%
EBIT Next Year89.76%
EBIT Next 3Y27.92%
EBIT Next 5Y21.51%
FCF growth 1Y24.23%
FCF growth 3Y-6.47%
FCF growth 5Y2.71%
OCF growth 1Y44.45%
OCF growth 3Y27.43%
OCF growth 5Y27.98%
REXFORD INDUSTRIAL REALTY IN / REXR FAQ
What is the fundamental rating for REXR stock?
ChartMill assigns a fundamental rating of 5 / 10 to REXR.
Can you provide the valuation status for REXFORD INDUSTRIAL REALTY IN?
ChartMill assigns a valuation rating of 4 / 10 to REXFORD INDUSTRIAL REALTY IN (REXR). This can be considered as Fairly Valued.
Can you provide the profitability details for REXFORD INDUSTRIAL REALTY IN?
REXFORD INDUSTRIAL REALTY IN (REXR) has a profitability rating of 8 / 10.
What are the PE and PB ratios of REXFORD INDUSTRIAL REALTY IN (REXR) stock?
The Price/Earnings (PE) ratio for REXFORD INDUSTRIAL REALTY IN (REXR) is 28.63 and the Price/Book (PB) ratio is 1.09.
Can you provide the expected EPS growth for REXR stock?
The Earnings per Share (EPS) of REXFORD INDUSTRIAL REALTY IN (REXR) is expected to grow by 16.05% in the next year.