|Bid||67.65 x 800|
|Ask||67.68 x 900|
|Day's Range||67.34 - 67.99|
|52 Week Range||55.84 - 84.68|
|Beta (5Y Monthly)||0.77|
|PE Ratio (TTM)||71.24|
|Earnings Date||Oct 18, 2022 - Oct 24, 2022|
|Forward Dividend & Yield||1.26 (1.84%)|
|Ex-Dividend Date||Sep 29, 2022|
|1y Target Est||77.78|
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Real estate investment trusts (REITs) are publicly traded companies that allow individual investors to buy shares in real estate portfolios that receive income from a variety of properties. They allow investors to invest easily in the real estate sector, which includes companies that own, develop, and manage residential, commercial, and industrial properties.
Rating Action: Moody's upgrades Rexford Industrial's senior unsecured rating to Baa2; outlook stableGlobal Credit Research - 15 Aug 2022New York, August 15, 2022 -- Moody's Investors Service ("Moody's") upgraded its senior unsecured rating for Rexford Industrial Realty L.P. ("Rexford") to Baa2 from Baa3. Rexford has access to a $1 billion unsecured revolver that was largely undrawn as of the end of 2Q.These credit strengths are counterbalanced by the REIT's limited operating history and track record relative to similarly rated and higher rated peers, in addition to its geographically concentrated portfolio in Southern California with 60% of annualized base rent coming from Los Angeles.
Terreno Realty's (TRNO) recent spate of the acquisitions of industrial properties is likely to aid the company in riding robust industrial real estate market tailwinds.