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REITs can deliver strong long-term returns, not just income. Focusing on growth and quality often beats chasing high yields. Select REITs combine durable business models with long-term compounding potential.

Private equity is aggressively buying REITs at large premiums. Deep NAV discounts are fueling a new wave of M&A activity. Several undervalued REITs could be the next takeover targets.

LOS ANGELES, March 19, 2026 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties throughout infill Southern California, today announced that the Company will release first quarter 2026 financial results after the market closes on Thursday, April 23, 2026. A conference call with senior management will be held on Friday, April 24, 2026 at 11 a.m.

We had previously downgraded Rexford Industrial Realty (REXR) to 'hold' due to declining FFO and lack of growth catalysts. Recent quarters showed flat or declining FFO per share, with Q4-2025 matching estimates but underperforming historical results. Consensus estimates for REXR are falling, with analysts now projecting further contraction in FFO through 2028-2029.

Rexford Industrial Realty and Miami International Holdings are my portfolio laggards, yet both offer compelling asymmetric upside for long-term investors. REXR trades at an 18.5x P/AFFO multiple, well below its historical average, and is positioned for a rebound as Southern California industrial real estate stabilizes. Recent management changes at REXR emphasize value optimization, buybacks, and asset sales, supporting a potential path to a $60 price target and a 4.7% yield.

Sophron Capital Management initiated a new position in Rexford Industrial Realty during the fourth quarter, buying up 185,944 shares. The quarter-end position value increased by $7.20 million as a result.

Rexford Industrial Realty, Inc. (REXR) Presents at Citi's Miami Global Property CEO Conference 2026 Transcript