REXRRexford Industrial RealtyBullishRexford Industrial Realty

2w ago on

Excellent recap by @HoyaCapital ... $REXR is showing signs of a turnaround in Southern California industrial real estate. ✅ Occupancy rebounds to 96.9% ✅ Leasing volume surges ✅ $1.5B in asset sales ✅ $709M in share buybacks ✅ Leverage down to 3.8x What catches my attention? Selling assets at a 5.5% yield and repurchasing shares at an implied mid-6% yield. Negative rent spreads remain a headwind, but I'm encouraged by the improving fundamentals. $REXR #REITs #Investing