rexford industrial ceo

The aggregate PPP amount equals about 2% of their monthly base rent in terms of tenants that took those PPP loans. Rexford was founded in 2000. The company isn’t showing particularly great growth, but shareholder returns have been pleasing. Howard Schwimmer has been the CEO of Rexford Industrial Realty, Inc. ( Our data indicates that Rexford Industrial Realty, Inc. is worth US$4.5b, and total annual CEO compensation was reported as US$6.0m for the year to December 2019. I would recommend buying shares below $36, which, implies a P/FFO ratio of 28.5. So we can conclude that on this analysis the CEO compensation seems pretty sound. And so just by the amount of PPP loans coming into our tenant base, it does not seem to be reflective of the difficulty that the tenants are having in paying rent. Before that she was … Earnings per share at Rexford Industrial Realty, Inc. are much the same as they were three years ago, albeit with a positive trend. CEO compensation is an important area to keep your eyes on, but we’ve also identified Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. It achieved revenue growth of 26% over the last year. Clark was most recently senior vice president of capital markets at Regency Centers, a role she has held since 2017. In addition, while the operating margin % (excluding depreciation) has grown impressively over the years, future cost efficiencies may get harder to come by, as the company has already achieved a sizable economy of scale.I'm also concerned about the very high valuation of 37.4 P/FFO, at which the shares are currently trading.

Lastly, shares appear to be expensive relative to its much larger and better geographically diversified peer, Prologis.As such, I have a Hold rating on Rexford Industrial Realty based solely on valuation, at the current price of $47.14 and P/FFO of 37.4, and would not recommend new investment dollars at this price. We further remind readers that the CEO may face performance requirements to receive the non-salary part of the total compensation. Earnings per share at Rexford Industrial Realty, Inc. are much the same as they were three years ago, albeit with a positive trend. I have no business relationship with any company whose stock is mentioned in this article. Best Cities for Jobs 2020 NEW! Following the sale, the chief executive officer now owns 132,536 shares in the company, valued at $6,361,728. The graphic below shows how CEO compensation at Rexford Industrial Realty has changed from year to year. Rexford Industrial CEO Howard Schwimmer Bisnow: Recap Rexford's 2018 and discuss the company's investment strategy in the Southern California infill market. "Nonetheless, management's latest guidance for 2020 remains muted, as it guided for Core FFO of $1.26 to $1.29, which, at the midpoint, represents just a 3.7% YoY growth from 2019. Its overall tenant base appears to be healthy and its balance sheet remains strong.However, I see potential risks from investors overpaying for shares at today's lofty valuation, which could partially be explained by its expected inclusion into the S&P MidCap 400 Index, and the forced buying by index fund managers as a result. As a result, some may believe the CEO should be paid more than is normal for companies of similar size. Also, Rexford Industrial has already achieved the cost efficiencies that come with a larger scale, with further cost efficiencies harder to come by. As seen below, FFO per share has grown at an impressive 9.5% CAGR since the company's IPO in 2013, and the dividend has grown at a similar rate.The company is showing no signs of slowing down, despite the risks from COVID-19. During the second quarter, the company achieved positive rent growth of 2.2%, and saw a In addition, Rexford is growing externally, as it acquired 10 properties during the April to July time frame, with stabilized yields between 4.7% and 6.3%. Applying a PEG ratio formula (by substituting EPS with FFO/share), I arrive at a PEG ratio of 3.9, which suggests that shares are deep in overvalued territory.For reference, I arrived at the PEG Ratio (with FFO/Share replacing EPS) of 3.9 by taking the current price of $47.14 and dividing it by the midpoint of management's 2020 FFO/share guidance ($1.275), then dividing that by 9.5, which represents the 9.5% FFO/share CAGR growth rate that the company has seen since IPO.One factor that may have contributed to this overvaluation is the news on July 29Lastly, while Rexford's property base is attractively located in Southern California, it doesn't have the benefit of geographical diversification of its much larger peer, Prologis, Inc. (Rexford Industrial Realty owns a high-quality portfolio in the attractive and supply-constrained area of Southern California. The stock was sold at an average price of $48.00, for a total value of $1,103,280.00. Despite the effects of COVID-19, the company continues to make accretive acquisitions by repositioning properties, and thereby unlocking their intrinsic value.

What's attractive about Rexford is its focus on Southern California, which traditionally has had low vacancy rates due to favorable supply and demand characteristics. Howard Schwimmer is paid around what is normal for the leaders of comparable size companies. That’s a notable increase of 29% on last year. The company also manages 10 additional properties covering 1 million square feet. Next, let’s break down remuneration compositions to understand how the industry and company compare with each other. Rexford Industrial Realty owns a high-quality portfolio of industrial properties that are attractively located in Southern California, with low vacancy rates.The company has had an impressive track record of growth, and has a strong balance sheet to back it up.Its current high valuation is a concern for investors looking to buy today, with its expected inclusion into the S&P being a possible driving factor for the high share price.So far this year, the Industrial REIT sector has been one of the few winning sectors in the REIT space, with tailwinds coming from e-commerce and from their resilience to the effects of COVID-19. The company that I'm evaluating today, Rexford Industrial Realty (Rexford Industrial is a mid-sized REIT that is focused on owning a high-quality portfolio of industrial warehouse properties in Southern California, with 234 properties covering 28 million square feet.

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