Rexford Industrial: West Coast Remains Compelling Despite (And Because) Of The Drop
REXRRexford Industrial Realty(REXR) Seeking Alpha·2024-06-17 19:00

KeithBinns This article was co-produced with Wolf Report We've written about Rexford Industrial (NYSE:REXR) a few times. The question that best describes the company and the appeal here is: "How high is a premium justified for a great REIT?" This is a great REIT - it's a BBB+ rating, 3.7% yielding (wait for it), high-quality industrial player with an incredible asset base and asset portfolio that currently is in disfavor due to significantly negative macro sentiment in the Californian region (though this al ...