Rexford Industrial Realty Inc reports results for the quarter ended June 30 - Earnings Summary

• Rexford Industrial Realty Inc REXR reported quarterly adjusted earnings of 48 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of five analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 22 cents to 31 cents per share.

• Revenue rose 3.7% to $241.57 million from a year ago; analysts expected $248.95 million.

• Rexford Industrial Realty Inc's reported EPS for the quarter was 48 cents​.

• The company reported quarterly net income of $113.43 million.

• Rexford Industrial Realty Inc shares had risen by 1.8% this quarter and lost 6.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "buy"

• Wall Street's median 12-month price target for Rexford Industrial Realty Inc is $39.00, about 6.9% above its last closing price of $36.32

This summary was machine generated from LSEG data July 16 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)