Scotiabank Revises Rexford Industrial (REXR) Outlook as REIT Strategy Shifts

Rexford Industrial Realty, Inc. (NYSE:REXR) is included among the 14 Under-the-Radar High Dividend Stocks to Buy Now.

Scotiabank Revises Rexford Industrial (REXR) Outlook as REIT Strategy Shifts

On March 2, Scotiabank lowered its price recommendation on Rexford Industrial Realty, Inc. (NYSE:REXR) to $39 from $44. It reiterated a Sector Perform rating on the shares. The analyst said the firm is updating its price targets across U.S. Real Estate & REIT stocks following Q4 results. It also noted that REITs should be raising target development yields to better support near-term funds from operations per share. At the same time, Scotiabank pointed out that external growth through acquisitions offers a “better thematic story.”

On February 26, the company announced that John Nahas, currently Managing Director of Operations, will be promoted to Chief Operating Officer, effective April 1, 2026. This move comes alongside Laura Clark’s previously announced appointment as Chief Executive Officer. In his new role, Nahas will continue to oversee operations and investment functions. This includes asset management, development and construction, leasing, and property management.

The company also reaffirmed its previously disclosed 2026 general and administrative expense guidance of about $60 million. It added that total executive compensation has been reduced by roughly 50% compared to prior levels.

Rexford Industrial Realty, Inc. (NYSE:REXR) operates as a self-administered and self-managed real estate investment trust. The company focuses on owning, operating, and acquiring industrial properties in Southern California infill markets.

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