Rexford Industrial (REXR) Q1 FFO and Revenues Surpass Estimates

Core Viewpoint - Rexford Industrial (REXR) reported quarterly funds from operations (FFO) of $0.62 per share, exceeding the Zacks Consensus Estimate of $0.57 per share, and showing an increase from $0.58 per share a year ago [1] Financial Performance - The company achieved revenues of $252.29 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.28%, compared to $214.1 million in the same quarter last year [2] - Over the last four quarters, Rexford Industrial has exceeded consensus FFO estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance and Outlook - Rexford Industrial shares have declined approximately 15.8% since the beginning of the year, while the S&P 500 has decreased by 8.3% [3] - The future performance of the stock will largely depend on management's commentary during the earnings call and the company's FFO outlook [3][4] Estimate Revisions - The current consensus FFO estimate for the upcoming quarter is $0.60 on revenues of $251.94 million, and for the current fiscal year, it is $2.38 on revenues of $986.35 million [7] - The estimate revisions trend for Rexford Industrial is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The REIT and Equity Trust - Other industry, to which Rexford Industrial belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges ahead [8]