Duff & Phelps Cuts Rexford Stake by $57.39 Million in Q3
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 29 2025
0mins
Source: Fool
- Stake Reduction: Duff & Phelps sold 1.79 million shares of Rexford Industrial Realty in Q3, reducing its stake from 1.22% to 0.53%, which translates to a $57.39 million decrease in exposure, indicating a reassessment of the company's growth potential.
- Holding Status: Post-divestment, the fund holds 1.13 million shares of Rexford, which is no longer among its top five holdings, reflecting a diminished focus on the company that could impact the diversity of its investment portfolio.
- Company Performance: Despite Rexford's Q3 core funds from operations rising 1.7% to $0.60 per share and total portfolio NOI increasing by 2.9%, its stock price has remained flat, underperforming the S&P 500's 15.5% gain, suggesting market caution regarding its future growth.
- Stock Buyback: Rexford repurchased $150 million of its stock at an average price near $39 during the quarter, signaling management's belief that shares are undervalued, yet compared to larger holdings, Rexford appears to offer limited growth potential, which may affect investor confidence.
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Analyst Views on REXR
Wall Street analysts forecast REXR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for REXR is 43.85 USD with a low forecast of 38.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
4 Buy
9 Hold
1 Sell
Hold
Current: 40.170
Low
38.00
Averages
43.85
High
48.00
Current: 40.170
Low
38.00
Averages
43.85
High
48.00
About REXR
Rexford Industrial Realty, Inc. is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. It acquires, owns, improves, redevelops, leases, and manages industrial real estate principally located in Southern California infill markets, through Rexford Industrial Realty, L.P. (Operating Partnership) and its subsidiaries. The Company also acquires or provides mortgage debt secured by industrial zoned property or property suitable for industrial development. It provides property management services and leasing services to related party property owners. Its property management services include performing property inspections, monitoring repairs and maintenance, maintaining tenant relations and providing financial and accounting oversight. Its portfolio consists of 424 properties with approximately 51.0 million rentable square feet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rexford Industrial Announces 2025 Dividend Distribution Details
- Common Stock Distribution: Rexford Industrial's common stock distribution of $0.4175 per share is set for payment on January 15, 2025, indicating the company's ongoing cash flow and shareholder return capabilities.
- Preferred Stock Earnings: Series B and C preferred stocks will each distribute $0.367188 per share, demonstrating the company's commitment to stable earnings and enhancing investor confidence.
- Capital Gain Distribution: The total capital gain distribution for 2025 is reported as $0, reflecting the company's cautious capital management strategy aimed at protecting shareholder interests.
- Portfolio Quality: As of September 30, 2025, Rexford Industrial's portfolio comprises 420 properties with approximately 50.9 million rentable square feet, showcasing its strong competitiveness and market demand in the Southern California industrial sector.
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Rexford Industrial Realty (REXR) Announces 2025 Dividend Distribution Details
- Common Stock Distribution: Rexford Industrial's common stock distribution of $0.4175 per share is set for January 15, 2025, indicating the company's ongoing ability to generate stable cash flow, which enhances investor confidence.
- Preferred Stock Returns: Series B and C preferred stocks will each distribute $0.367188 per share, reflecting the company's commitment to preferred shareholders and potentially attracting more institutional investor interest.
- Transparent Tax Treatment: The company has clarified the tax treatment of 2025 dividends, encouraging shareholders to consult tax advisors, which enhances governance transparency and ensures shareholders understand tax implications.
- Portfolio Stability: As of September 30, 2025, Rexford Industrial's portfolio comprises 420 properties with approximately 50.9 million rentable square feet, providing a strong foundation for future dividend payments due to a stable tenant base.
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