Rexford Industrial: Still Focusing On Growth, Rather Than Shareholder Growth

Late in 2023, I concluded that Rexford Industrial Realty, Inc. (NYSE:REXR) was focusing on growth rather than growth per share. The pure play on industrial buildings and land in Southern California employs a focused strategy, which has its potential up- and as well as downfalls. With the company focusing on absolute growth, rather than growth per share, I was leaning a bit cautious, as shares of the REIT did not look too attractively priced. Ever since, shares have been lagging further as anticipated intere ...