Q4 2024 Update: Rexford Industrial Realty (REXR)

A quick update on our previous post about Rexford Industrial Realty (REXR).

Rexford Industrial (REXR) reported $242.9 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 15.4%. EPS of $0.58 for the same period compares to $0.29 a year ago.

The reported revenue represents a surprise of -0.34% of $243.73 million. With the consensus EPS estimate being $0.58, the company has not delivered an EPS surprise.

Rental revenues: $239.74 million compared to the $239.51 million.      The reported number represents a change of +15.3% year over year.

Management and leasing services: $0.17 million versus $0.16 million. Compared to the year-ago quarter, this number represents a +2.5% change.

Interest income: $2.99 million compared to the $3.06 million average estimate based on three analysts. The reported number represents a change of +27.1% year over year.

The report is better than expected and confirms the positive trends in the company's development.

We remind you that Rexford Industrial (REXR) was added to our portfolio on January 3, 2025, for $38.50.