REXFORD INDUSTRIAL REALTY IN (REXR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:REXR - US76169C1009 - REIT
41.04 USD
+0.78 (+1.94%)
41.04 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to REXR. REXR was compared to 128 industry peers in the Diversified REITs industry. While REXR belongs to the best of the industry regarding profitability, there are concerns on its financial health. REXR has a correct valuation and a medium 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.
REXR had positive earnings in each of the past 5 years.
In the past 5 years REXR always reported a positive cash flow from operatings.
1.2 Ratios
REXR has a better Return On Assets (2.55%) than 71.09% of its industry peers.
With a decent Return On Equity value of 3.78%, REXR is doing good in the industry, outperforming 62.50% of the companies in the same industry.
REXR's Return On Invested Capital of 2.41% is in line compared to the rest of the industry. REXR outperforms 45.31% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for REXR is in line with the industry average of 3.04%.
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 85.94% of the companies in the same industry.
REXR's Profit Margin has improved in the last couple of years.
REXR has a Operating Margin of 38.17%. This is amongst the best in the industry. REXR outperforms 83.59% of its industry peers.
REXR's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 77.51%, REXR is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
REXR's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so REXR is destroying value.
REXR has more shares outstanding than it did 1 year ago.
The number of shares outstanding for REXR has been increased compared to 5 years ago.
The debt/assets ratio for REXR is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.46, 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 1.46, REXR belongs to the top of the industry, outperforming 90.63% of the companies in the same industry.
The Debt to FCF ratio of REXR is 15.72, which is on the high side as it means it would take REXR, 15.72 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 15.72, REXR belongs to the best of the industry, outperforming 82.81% of the companies in the same industry.
REXR has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
REXR has a Debt to Equity ratio of 0.37. This is amongst the best in the industry. REXR outperforms 95.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 15.72 | ||
| Altman-Z | 1.46 |
ROIC/WACC0.33
WACC7.21%
2.3 Liquidity
A Current Ratio of 0.71 indicates that REXR may have some problems paying its short term obligations.
With a Current ratio value of 0.71, REXR is not doing good in the industry: 67.19% of the companies in the same industry are doing better.
REXR has a Quick 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.
The Quick ratio of REXR (0.71) is worse than 64.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 15.45% 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.
The Revenue has grown by 10.40% in the past year. This is quite good.
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
The Earnings Per Share is expected to grow by 11.12% on average over the next years. This is quite good.
Based on estimates for the next years, REXR will show a small growth in Revenue. The Revenue will grow by 6.99% on average per year.
EPS Next Y20.55%
EPS Next 2Y-4.14%
EPS Next 3Y-6.06%
EPS Next 5Y11.12%
Revenue Next Year6.66%
Revenue Next 2Y4.69%
Revenue Next 3Y5.3%
Revenue Next 5Y6.99%
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
REXR is valuated quite expensively with a Price/Earnings ratio of 28.90.
Based on the Price/Earnings ratio, REXR is valued a bit cheaper than the industry average as 70.31% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.45, REXR is valued at the same level.
Based on the Price/Forward Earnings ratio of 36.91, the valuation of REXR can be described as expensive.
Based on the Price/Forward Earnings ratio, REXR is valued a bit cheaper than 69.53% of the companies in the same industry.
REXR's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 34.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.9 | ||
| Fwd PE | 36.91 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of REXR indicates a slightly more expensive valuation: REXR is more expensive than 77.34% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, REXR is valued a bit cheaper than 66.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 46.22 | ||
| EV/EBITDA | 17.88 |
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 -6.06% in the coming years. This may justify a cheaper valuation.
PEG (NY)1.41
PEG (5Y)1.39
EPS Next 2Y-4.14%
EPS Next 3Y-6.06%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.27%, REXR is a good candidate for dividend investing.
REXR's Dividend Yield is a higher than the industry average which is at 6.50.
Compared to an average S&P500 Dividend Yield of 2.45, REXR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.27% |
5.2 History
On average, the dividend of REXR grows each year by 15.33%, which is quite nice.
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
REXR pays out 126.21% of its income as dividend. 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 2Y-4.14%
EPS Next 3Y-6.06%
41.04
+0.78 (+1.94%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners112.49%
Inst Owner Change10.75%
Ins Owners0.09%
Ins Owner Change11.29%
Market Cap9.55B
Revenue(TTM)997.93M
Net Income(TTM)328.27M
Analysts71.67
Price Target45.07 (9.82%)
Short Float %5.66%
Short Ratio6.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.27% |
Yearly Dividend1.73
Dividend Growth(5Y)15.33%
DP126.21%
Div Incr Years6
Div Non Decr Years6
Ex-Date
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)5.7%
PT rev (3m)10.32%
EPS NQ rev (1m)-1.56%
EPS NQ rev (3m)-0.25%
EPS NY rev (1m)13.27%
EPS NY rev (3m)34.65%
Revenue NQ rev (1m)-0.72%
Revenue NQ rev (3m)-2.35%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)-1.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.9 | ||
| Fwd PE | 36.91 | ||
| P/S | 9.57 | ||
| P/FCF | 46.22 | ||
| P/OCF | 17.48 | ||
| P/B | 1.1 | ||
| P/tB | 1.12 | ||
| EV/EBITDA | 17.88 |
EPS(TTM)1.42
EY3.46%
EPS(NY)1.11
Fwd EY2.71%
FCF(TTM)0.89
FCFY2.16%
OCF(TTM)2.35
OCFY5.72%
SpS4.29
BVpS37.27
TBVpS36.58
PEG (NY)1.41
PEG (5Y)1.39
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 | 1.46 |
F-Score8
WACC7.21%
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 Y20.55%
EPS Next 2Y-4.14%
EPS Next 3Y-6.06%
EPS Next 5Y11.12%
Revenue 1Y (TTM)10.4%
Revenue growth 3Y27.46%
Revenue growth 5Y28.51%
Sales Q2Q%4.71%
Revenue Next Year6.66%
Revenue Next 2Y4.69%
Revenue Next 3Y5.3%
Revenue Next 5Y6.99%
EBIT growth 1Y8.02%
EBIT growth 3Y36.72%
EBIT growth 5Y37.58%
EBIT Next Year88.14%
EBIT Next 3Y29.21%
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.
What is the valuation status of REXFORD INDUSTRIAL REALTY IN (REXR) stock?
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 is the valuation of REXFORD INDUSTRIAL REALTY IN based on its PE and PB ratios?
The Price/Earnings (PE) ratio for REXFORD INDUSTRIAL REALTY IN (REXR) is 28.9 and the Price/Book (PB) ratio is 1.1.
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 20.55% in the next year.