Rexford Industrial Realty, Inc. (NYSE:REXR) is set to announce third quarter earning results on Tuesday 20th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, REXR to report 3Q20 income of $ 0.07 per share.
For the full year, analysts anticipate top line of $ 323.85 million, while looking forward to income of $ 0.36 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.26 ~ $ 1.29 per share
Click Here For More Historical Outlooks Of Rexford Industrial Realty, Inc.
Previous Quarter Performance
Rexford Industrial Realty, Inc. disclosed income for the second quarter of $ 0.32 per share, from the revenue of $ 79.77 million. The quarterly earnings grew 166.67 percent while revenues swell 48.82 percent compared with the same quarter last year.
Wall street analysts are predicting, REXR to report 2Q20 income of $ 0.08 per share from revenue of $ 77.53 million. The bottom line results beat street analysts by $ 0.24 or 300.00 percent, at the same time, top line results outshined analysts by $ 2.24 million or 2.89 percent.
Stock Performance
Shares of Rexford Industrial Realty, Inc. traded low $ -0.39 or -0.80 percent on Monday, reaching $ 48.55 with volume of 436.70 thousand shares. Rexford Industrial Realty, Inc. has traded high as $ 49.23 and has cracked $ 48.49 on the downward trend
According to the previous trading day, closing price of $ 48.55, representing a 53.95 % increase from the 52 week low of $ 31.79 and a 8.49 % decrease over the 52 week high of $ 53.48.
The company has a market capital of $ 6.01 billion and is part of the Real Estate sector and REIT – Industrial industry.
Recent Analyst recommendations
- On 23rd September 2020, initiated by Robert W. Baird at Outperform rating, with $ 50.00 target price.
Conference Call
Rexford Industrial Realty, Inc. will be hosting a conference call at 1:00 PM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rexfordindustrial.com
Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 192 properties with approximately 23.6 million rentable square feet and manages an additional 19 properties with approximately 1.0 million rentable square feet.
