Roberts & Ryan hosted another great investor call with Rexford’s Management team – they never disappoint!
They’re experts in their field and the market they operate in, and they’ve developed an incredibly impressive “machine” to source opportunities. Roughly 85% of their transactions are off/lightly-marketed deals, and there are thousands of opportunities for them to consider. With 2.7% ownership in their market, they see significant upside – and they have the tools to perform (very) well.
“Value Creation” is something we talked about a lot, and so was “Discipline”. Too much to discuss here but here’s some bullet points for the market Rexford operates in (not a complete list):
– 4th Largest Industrial Market in the world
– High Demand/Low Supply
– Vacancy Rates – low
– Mandate to increase housing 20% (competition for space)
– Highest Barrier Market
– Over Supply Risk 4.3% vs 7.5% for U.S.
Take a few minutes to check them out here: https://www.rexfordindustrial.com/
I asked for 3 takeaways from our call:
1. Rexford Team is #1 asset (they have a tremendous company culture)
2. Repositioning/Redeveloping presents huge opportunity
3. Discipline: The company was built to perform in challenging times, too
“Thank You” to the Rexford Industrial Team for your time today. Investors appreciated the opportunity to ask their own questions – and no better way to learn about a company than to hear directly from the source!
I also want to thank our friends at Seaport Research Partners for opening this opportunity up to their client base – they’re a great partner.
