REXR Earnings Prediction
The chart below shows how REXR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, REXR sees a -2.09% change in stock price 10 days leading up to the earnings, and a -0.63% change 10 days following the report. On the earnings day itself, the stock moves by +0.44%. This data can give you a slight idea of what to expect for the next quarter's release.
REXR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
242.90M
15.43%
0.43%
Gross Margin
47.37%
4.57%
-2.69%
Operating Margin
38.34%
7.09%
-4.22%
Net Margin
26.72%
-16.47%
-8.62%
EPS
0.27
-6.90%
-10.00%
No Data Available
REXR Earnings Analysis
Rexford Industrial Realty Inc Corporation (REXR.N) Earnings Conference Call
Positive
Leasing Performance Metrics: Executed 1 million square feet of leasing at net effective leasing spreads of 55% and cash leasing spreads of 41%.
Project Stabilization Success: Stabilized 10 repositioning and redevelopment projects across 825,000 square feet, achieving an aggregate 7.5% unlevered stabilized yield on total investment.
Acquisition Strategy Overview: Closed 2 acquisitions for $207 million, with the full year totaling $1.5 billion in acquisitions projected to generate a 5.6% unlevered stabilized yield.
Embedded Growth Increase: Embedded growth represents an estimated 40% increase in total incremental NOI equal to $280 million, including projected incremental NOI of $75 million from repositioning and redevelopment projects.
Share Repurchase Program: Board authorized a $300 million share repurchase program, expanding opportunities for capital allocation.
Negative
Occupancy Rate Decline: Decline in same-property average occupancies by 120 basis points sequentially, indicating a decrease in occupancy levels.
Decline in Market Rents: Market rents for quality products comparable to the Rexford portfolio declined by 1.5% sequentially and 8% year-over-year, reflecting downward pressure on rental income.
Net Effective NOI Growth Outlook: Projected same-property net effective NOI growth for 2025 is only 1%, primarily due to longer projected downtime and bad debt impacting revenues by 70 basis points.
Lease-Up Time Increase: Estimated average lease-up time for new projects increased by 2 months compared to prior expectations, indicating potential delays in revenue generation.
Growth Opportunity Slowdown: No acquisitions under contract or accepted offer, suggesting a slowdown in growth opportunities and potential challenges in capital deployment.
REXR FAQs
How does REXR typically perform around its earnings report dates?
Is Rexford Industrial Realty Inc (REXR) Q4 2024 Earnings Call Summary positive or negative?
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REXR Earning Call Sentiment
Rexford Industrial Realty, Inc. (NYSE:REXR) Q4 2024 Earnings Call Transcript
REXR.N
2.18%Positive
The earnings call summary indicates strong financial metrics such as a 55% increase in net effective leasing spreads and a $300 million share repurchase program, which are positive indicators. However, concerns such as increased lease-up time, no acquisitions under contract, and a decline in same-property occupancies offset these positives. The Q&A section reveals management's uncertainty about market rent growth and potential demand impacts from wildfires, further contributing to a neutral outlook. Overall, the mixed signals suggest a stable stock price in the near term.
