$Rexford Industrial Realty Inc (REXR.US)$It leased industria...
$Rexford Industrial Realty Inc(REXR.US$It leased industrial real estate. Revenue, operating profit, and net profit all maintained 5-year growth rates. The 5-year average growth rates were 31.4%, 46.4%, and 33.5%, respectively. The slow growth rate of net profit was due to a certain impact on other net income.
In the first two quarters of 2023, revenue increased by 31.8%, operating profit increased by 36.9%, and net profit increased by 34.2%.
Currently, the price-earnings ratio is 57.7, and the price-earnings ratio TTM has dropped to 54.2. If the annual net profit increases by 35%, the price-earnings ratio will drop to 42.7. For a sector that is very cyclical, this valuation seems a bit too high.
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