REXFORD INDUSTRIAL REALTY IN (REXR) Stock Fundamental Analysis
NYSE:REXR - New York Stock Exchange, Inc. - US76169C1009 - REIT - Currency: USD
Overall REXR gets a fundamental rating of 6 out of 10. We evaluated REXR against 129 industry peers in the Diversified REITs industry. While REXR has a great profitability rating, there are some minor concerns on its financial health. REXR is not valued too expensively and it also shows a decent growth rate.
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.
Each year in the past 5 years REXR has been profitable.
Each year in the past 5 years REXR had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 2.34%, REXR is doing good in the industry, outperforming 69.77% of the companies in the same industry.
REXR's Return On Equity of 3.47% is fine compared to the rest of the industry. REXR outperforms 62.02% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.38%, REXR is in line with its industry, outperforming 41.86% 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 3.16%.
The 3 year average ROIC (2.16%) for REXR is below the current ROIC(2.38%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.34% | ||
| ROE | 3.47% | ||
| ROIC | 2.38% |
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
REXR has a Profit Margin of 31.04%. This is amongst the best in the industry. REXR outperforms 87.60% of its industry peers.
REXR's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 38.89%, REXR belongs to the top of the industry, outperforming 85.27% of the companies in the same industry.
REXR's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 77.55%, REXR is doing good in the industry, outperforming 75.97% of the companies in the same industry.
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 | 38.89% | ||
| PM (TTM) | 31.04% | ||
| GM | 77.55% |
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.
Compared to 1 year ago, REXR has more shares outstanding
Compared to 5 years ago, REXR has more shares outstanding
REXR has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.41, we must say that REXR is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.41, REXR belongs to the top of the industry, outperforming 88.37% of the companies in the same industry.
The Debt to FCF ratio of REXR is 21.81, which is on the high side as it means it would take REXR, 21.81 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of REXR (21.81) is better than 76.74% of its industry peers.
REXR has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
REXR's Debt to Equity ratio of 0.38 is amongst the best of the industry. REXR outperforms 95.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 21.81 | ||
| Altman-Z | 1.41 |
ROIC/WACC0.32
WACC7.39%
2.3 Liquidity
REXR has a Current Ratio of 1.34. This is a normal value and indicates that REXR is financially healthy and should not expect problems in meeting its short term obligations.
REXR's Current ratio of 1.34 is fine compared to the rest of the industry. REXR outperforms 67.44% of its industry peers.
REXR has a Quick Ratio of 1.34. This is a normal value and indicates that REXR is financially healthy and should not expect problems in meeting its short term obligations.
REXR has a better Quick ratio (1.34) than 68.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 12.50% over the past year.
REXR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.82% yearly.
Looking at the last year, REXR shows a quite strong growth in Revenue. The Revenue has grown by 13.72% 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)12.5%
EPS 3Y14.79%
EPS 5Y20.82%
EPS Q2Q%29.73%
Revenue 1Y (TTM)13.72%
Revenue growth 3Y27.46%
Revenue growth 5Y28.51%
Sales Q2Q%3.69%
3.2 Future
REXR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.12% yearly.
REXR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.48% yearly.
EPS Next Y-10.48%
EPS Next 2Y-3.36%
EPS Next 3Y3.1%
EPS Next 5Y11.12%
Revenue Next Year8.66%
Revenue Next 2Y7.87%
Revenue Next 3Y7.93%
Revenue Next 5Y7.48%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 27.84 indicates a quite expensive valuation of REXR.
68.99% of the companies in the same industry are more expensive than REXR, based on the Price/Earnings ratio.
REXR is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.35, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 33.25, which means the current valuation is very expensive for REXR.
72.09% of the companies in the same industry are more expensive than REXR, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of REXR to the average of the S&P500 Index (37.54), we can say REXR is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.84 | ||
| Fwd PE | 33.25 |
4.2 Price Multiples
75.19% of the companies in the same industry are cheaper than REXR, based on the Enterprise Value to EBITDA ratio.
60.47% of the companies in the same industry are more expensive than REXR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 57.95 | ||
| EV/EBITDA | 17.47 |
4.3 Compensation for Growth
REXR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.34
EPS Next 2Y-3.36%
EPS Next 3Y3.1%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.60%, REXR is a good candidate for dividend investing.
REXR's Dividend Yield is slightly below the industry average, which is at 6.64.
REXR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
5.2 History
The dividend of REXR is nicely growing with an annual growth rate of 15.33%!
REXR has paid a dividend for at least 10 years, which is 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
131.83% 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.
DP131.83%
EPS Next 2Y-3.36%
EPS Next 3Y3.1%
37.58
-0.48 (-1.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners115.27%
Inst Owner Change-0.4%
Ins Owners0.09%
Ins Owner Change8.34%
Market Cap8.89B
Analysts74.17
Price Target40.05 (6.57%)
Short Float %6.53%
Short Ratio5.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
Yearly Dividend1.73
Dividend Growth(5Y)15.33%
DP131.83%
Div Incr Years6
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)45.47%
Min EPS beat(2)9.95%
Max EPS beat(2)81%
EPS beat(4)3
Avg EPS beat(4)23.9%
Min EPS beat(4)-1.35%
Max EPS beat(4)81%
EPS beat(8)5
Avg EPS beat(8)16.56%
EPS beat(12)6
Avg EPS beat(12)13.1%
EPS beat(16)9
Avg EPS beat(16)20.07%
Revenue beat(2)1
Avg Revenue beat(2)-1.9%
Min Revenue beat(2)-4.87%
Max Revenue beat(2)1.06%
Revenue beat(4)1
Avg Revenue beat(4)-1.78%
Min Revenue beat(4)-4.87%
Max Revenue beat(4)1.06%
Revenue beat(8)4
Avg Revenue beat(8)-0.32%
Revenue beat(12)5
Avg Revenue beat(12)-0.55%
Revenue beat(16)6
Avg Revenue beat(16)-0.67%
PT rev (1m)0.68%
PT rev (3m)-11.01%
EPS NQ rev (1m)-7.14%
EPS NQ rev (3m)-10.34%
EPS NY rev (1m)-1.82%
EPS NY rev (3m)-12.81%
Revenue NQ rev (1m)0.63%
Revenue NQ rev (3m)0.19%
Revenue NY rev (1m)0.39%
Revenue NY rev (3m)-0.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.84 | ||
| Fwd PE | 33.25 | ||
| P/S | 9.02 | ||
| P/FCF | 57.95 | ||
| P/OCF | 16.97 | ||
| P/B | 1.01 | ||
| P/tB | 1.03 | ||
| EV/EBITDA | 17.47 |
EPS(TTM)1.35
EY3.59%
EPS(NY)1.13
Fwd EY3.01%
FCF(TTM)0.65
FCFY1.73%
OCF(TTM)2.21
OCFY5.89%
SpS4.17
BVpS37.34
TBVpS36.6
PEG (NY)N/A
PEG (5Y)1.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.34% | ||
| ROE | 3.47% | ||
| ROCE | 3.01% | ||
| ROIC | 2.38% | ||
| ROICexc | 2.46% | ||
| ROICexgc | 2.51% | ||
| OM | 38.89% | ||
| PM (TTM) | 31.04% | ||
| GM | 77.55% | ||
| FCFM | 15.56% |
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%
ROICexcg growth 3Y10.95%
ROICexcg 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 | 0.38 | ||
| Debt/FCF | 21.81 | ||
| Debt/EBITDA | 4.9 | ||
| Cap/Depr | 123.99% | ||
| Cap/Sales | 37.58% | ||
| Interest Coverage | 3.9 | ||
| Cash Conversion | 76.79% | ||
| Profit Quality | 50.12% | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | 1.41 |
F-Score8
WACC7.39%
ROIC/WACC0.32
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)12.5%
EPS 3Y14.79%
EPS 5Y20.82%
EPS Q2Q%29.73%
EPS Next Y-10.48%
EPS Next 2Y-3.36%
EPS Next 3Y3.1%
EPS Next 5Y11.12%
Revenue 1Y (TTM)13.72%
Revenue growth 3Y27.46%
Revenue growth 5Y28.51%
Sales Q2Q%3.69%
Revenue Next Year8.66%
Revenue Next 2Y7.87%
Revenue Next 3Y7.93%
Revenue Next 5Y7.48%
EBIT growth 1Y14.8%
EBIT growth 3Y36.72%
EBIT growth 5Y37.58%
EBIT Next Year90.14%
EBIT Next 3Y30.96%
EBIT Next 5Y22.3%
FCF growth 1Y-21.49%
FCF growth 3Y-6.47%
FCF growth 5Y2.71%
OCF growth 1Y42.64%
OCF growth 3Y27.43%
OCF growth 5Y27.98%