Rexford Industrial Realty Inc (REXR) Expected to Announce Quarterly Sales of $35.88 Million

Equities analysts predict that Rexford Industrial Realty Inc (NYSE:REXR) will report sales of $35.88 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Rexford Industrial Realty’s earnings, with the lowest sales estimate coming in at $34.58 million and the highest estimate coming in at $37 million. Rexford Industrial Realty reported sales of $30.61 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.2%. The firm is expected to announce its next quarterly earnings results on Wednesday, August 2nd.

According to Zacks, analysts expect that Rexford Industrial Realty will report full year sales of $35.88 million for the current fiscal year, with estimates ranging from $139.41 million to $161 million. For the next financial year, analysts anticipate that the firm will report sales of $174.08 million per share, with estimates ranging from $148.31 million to $198 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Rexford Industrial Realty.

Shares of Rexford Industrial Realty (NYSE:REXR) traded down 0.87% during trading on Friday, reaching $25.19. 313,202 shares of the company’s stock traded hands. The company’s 50-day moving average is $23.70 and its 200 day moving average is $22.78. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 64.76 and a beta of 0.78. Rexford Industrial Realty has a 52-week low of $19.11 and a 52-week high of $25.75.

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About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

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