Latest news with #RexfordIndustrial
Yahoo
3 days ago
- Business
- Yahoo
3 Top High-Yield Dividend Stocks I Can't Wait to Buy in June to Boost My Passive Income
PepsiCo has increased its more-than-4%-yielding dividend for over 50 years in a row. Rexford Industrial has been growing its 5%-yielding payout at a rapid rate. W.P. Carey has been steadily raising its high-yielding dividend. 10 stocks we like better than PepsiCo › I'd love to be able to retire early. It's not that I don't want to work; I don't want the stress of having to earn income to cover my living expenses. My desire to become financially independent drives my investment strategy. My goal is to grow my passive investment income so that it will eventually cover my basic living expenses. That way, I won't have to worry about working to pay the bills. I strive to make progress toward my passive income target each month by investing in additional cash-flowing investments. A top priority of mine is buying high-quality, high-yielding dividend stocks. Three that I can't wait to purchase more of this June are PepsiCo (NASDAQ: PEP), Rexford Industrial Realty (NYSE: REXR), and W.P. Carey (NYSE: WPC). PepsiCo stock currently yields more than 4%, roughly three times more than the S&P 500's less than 1.5% yield. The food and drink giant's yield has been steadily rising over the past year. That's due to the company's continued dividend increases and a more than 25% slump in its stock price caused by the potential impact of tariffs and concerns about changing consumer tastes. PepsiCo recently raised its payment by another 5%, extending its growth streak to 53 years in a row. That's kept it in the dividend nobility. It's a Dividend King, a company with 50 or more years of annual dividend increases. I love investing in high-yielding dividend stocks that grow their payouts, because they can help me reach my passive income goal faster. PepsiCo is in an excellent position to continue increasing its payout. The company expects its heavy capital investments (it reinvests more than 5% of its net revenue each year) to drive 4%-6% organic revenue growth and mid-to-high single-digit earnings-per-share growth. The company is also investing in inorganic growth to accelerate its transformation into a healthier food and beverage company. It recently bought low-calorie drink maker Poppi for nearly $1.7 billion. It also acquired Siete and Sabra to help better align its portfolio with consumers' changing tastes for more wellness-focused products. The company's growth investments put it in a solid position to continue increasing its shareholder payout. Rexford Industrial Realty's dividend yield is approaching 5% following a more than 30% slump in its stock price from its 52-week high. The industrial-focused real estate investment trust (REIT) has been under pressure due to rising interest rates and slowing demand for warehouse space in Southern California. The slowdown in Southern California drove anemic growth in the net operating income (NOI) generated by its same-property portfolio in the first quarter (0.7% increase). However, new investments (acquisitions and redevelopment projects) helped drive a nearly 7% increase in its funds from operations (FFO) per share in the period. While Rexford is facing some near-term growth headwinds, the longer-term outlook is much brighter. The REIT estimates that a combination of annual embedded rental rate increases, in-process repositioning and redevelopment projects, and rent growth as legacy leases expire and reprice to market rates will drive a 34% increase in its NOI over the next few years. That positions Rexford to continue increasing its dividend. The REIT has grown its payout at a 16% compound annual rate over the past five years, much faster than the sector average of 3%. W.P. Carey's dividend yield is getting closer to 6%. The diversified REIT's payout has risen due to its falling share price (nearly 5% decline) and steady dividend increases. It bumps up its payment a little bit each quarter. The REIT invests in single-tenant industrial, warehouse, retail, and other properties across North America and Europe secured by long-term net leases with built-in rent escalations that raise rents at either a fixed rate or one tied to inflation. Because of that, its portfolio provides it with very stable and steadily rising rental income. W.P. Carey routinely invests in additional income-producing net lease properties. It's targeting to invest $1 billion to $1.5 billion into new properties this year. Those growth drivers should enable it to steadily increase its payout. PepsiCo, Rexford Industrial Realty, and W.P. Carey fit my investment strategy. They pay high-yielding dividends that they aim to steadily increase and have strong businesses. Because of that, they can supply me with more income now and in the future, which should help me reach my early retirement goal even faster. Before you buy stock in PepsiCo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and PepsiCo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Matt DiLallo has positions in PepsiCo, Rexford Industrial Realty, and W.P. Carey. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 3 Top High-Yield Dividend Stocks I Can't Wait to Buy in June to Boost My Passive Income was originally published by The Motley Fool
Yahoo
6 days ago
- Business
- Yahoo
Rexford Industrial Provides Operating and Transaction Activity Update
LOS ANGELES, May 29, 2025 /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 provided an operating and transaction activity update for the second quarter to date in advance of upcoming investor meetings. Operating Activity (Second Quarter to Date) Executed 1.2 million square feet of new and renewal leases, with an average unit size of 17,000 square feet, including approximately 652,000 square feet of renewal leases and 571,000 square feet of new leases. Comparable rental rates on new and renewal leases increased by 17% compared to prior rents on a net effective basis and by 4% on a cash basis. Embedded annual rental rate increases averaged 3.7% for leases executed quarter to date. Leased a 191,000-square-foot repositioning project at 218 Turnbull Canyon Road in the Los Angeles – San Gabriel Valley submarket, with a total investment of $31 million, generating a projected unlevered stabilized cash yield of 9.2%. The five-year lease commences in September 2025 upon project completion and includes 3.8% embedded annual rental rate increases. Transaction Activity In May, the Company disposed of 2270 Camino Vida Roble in the San Diego – North County submarket for $31 million, or $289 per square foot. The repositioned, 106,300-square-foot, multi-tenant industrial building was 95.1% occupied at the time of sale. The transaction generated an 11.9% unlevered IRR to the Company. The Company has $32 million of dispositions under contract or accepted offer. Transactions are subject to customary due diligence and closing conditions; as such, there is no guarantee the Company will close on these transactions. The Company has no acquisitions under contract or accepted offer. About Rexford IndustrialRexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. As of March 31, 2025, Rexford Industrial's high-quality, irreplaceable portfolio comprised 424 properties with approximately 51.0 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member. For more information, please visit Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. In addition, projections, assumptions and estimates of our future performance and the future performance of the industry in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in our estimates and beliefs and in the estimates prepared by independent parties. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and other filings with the Securities and Exchange Commission. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Definitions Cash Rent Change: Compares the first month cash rent excluding any abatement on new/renewal leases to the last month rent for the most recent expiring lease. Data included for comparable leases only. Comparable leases generally exclude: (i) space that has never been occupied under our ownership, (ii) repositioned/redeveloped space, including space in pre-development/entitlement process, (iii) space that has been vacant for over one year or (iv) lease terms shorter than twelve months. Net Effective Rent Change: Compares net effective rent, which straightlines rental rate increases and abatements, on new/renewal leases to net effective rent for the most recent expiring lease. Data included for comparable leases only. Comparable leases generally exclude: (i) space that has never been occupied under our ownership, (ii) repositioned/redeveloped space, including space in predevelopment entitlement process, (iii) space that has been vacant for over one year or (iv) lease terms shorter than twelve months. Contact Mikayla LynchDirector, Investor Relations and Capital Markets(424) 276-3454mlynch@ View original content: SOURCE Rexford Industrial Realty, Inc.
Yahoo
26-05-2025
- Business
- Yahoo
3 U.S.-Based Dividend Stocks to Buy Today
Essex Property Trust is focused on owning West Coast apartment complexes. Rexford Industrial specializes in owning industrial properties in Southern California. Kilroy Realty primarily owns West Coast office buildings. 10 stocks we like better than Rexford Industrial Realty › It is possible to invest in U.S.-based companies that pay dividends of up to 6.5% with 100% certainty that the assets they own are American through and through. How? By focusing on real estate investment trusts (REITs) like Essex Property Trust (NYSE: ESS), Rexford Industrial Realty (NYSE: REXR), and Kilroy Realty (NYSE: KRC). By design, these three REITs are U.S.-based businesses. Here's what you need to know about each one. Essex Property Trust's physical assets are apartment buildings. Its portfolio consists of 256 apartment complexes containing around 62,000 units across three broad markets: Seattle (17% of net operating income), Southern California (40%), and Northern California (43%). That's not just 100% American, that's 100% West Coast. For many years, Essex benefited from the growth of the technology sector. The coronavirus pandemic and the work-from-home trend have caused some investors to worry about the business model. But as more and more companies demand employees come back to the office, it seems likely that the lingering headwinds from the pandemic will eventually be a thing of the past. And, despite the uncertainty, occupancy in Essex's markets remains strong while new apartment construction remains low. In other words, the REIT is well-positioned for continued success. The dividend yield right now is around 3.5%. It was higher during the pandemic period, but it is still toward the higher side of the stock's 10-year yield range. And the dividend has been increased annually for more than three decades, including during the uncertainty of the pandemic. Rexford Industrial owns warehouses and light-industrial properties. Unlike the other two REITs here, it is hyper-focused on one single geographic region, Southern California, an important gateway for goods from Asia entering the U.S. The company owns 424 industrial properties containing 54 million square feet of space. The key benefit of being in this market is its importance to global trade. But there's more to it, because Southern California is supply-constrained. That has resulted in occupancy levels that are generally higher than in other parts of the country. And with limited options for building new industrial properties, the REIT has material power to increase rents over time. It also has a penchant for buying older properties and upgrading them so rents can be increased. Right now, however, the world is focused on tariff risks. And Rexford's stock has sold off even though it is a vital way to invest in America. The yield is near the highest levels in the REIT's history at 4.8%, and the dividend has been increased annually for a dozen years and counting. Kilroy Realty specializes in offices, which have been hit even harder by the work-from-home trends than apartments. It owns 123 offices containing around 17 million square feet of space. The buildings are spread across three states: California, Washington, and Texas. The move into Texas is recent, as Kilroy has basically followed its technology tenants into the state. The company has also been increasingly focusing on life sciences properties, which are more specialized than traditional office assets. Working from home has been a particular issue for Kilroy, with occupancy in the office sector falling dramatically. Its occupancy is in the low 80% range, which might worry some investors. That said, the REIT's leasing activity has been picking up, and while it isn't back to pre-pandemic levels, it is inching back that way, which suggests that the worst of the downturn is behind it. The REIT offers a lofty 6.5% dividend yield. That's a sign of the concern that investors have about offices and Kilroy's ability to maintain its dividend. It cut its dividend during the Great Recession and hasn't increased it since June 2022. So there is reason for concern, but the funds-from-operations payout ratio was only around 55% or so in the first quarter of 2025. There's some room for adversity here before a cut would likely be in the cards. For more aggressive investors looking for high-yield American stocks, Kilroy could be a strong choice. If you want to buy American, it would be hard to do so more directly than buying buildings that are located in the good old U.S.A. That's what Essex, Rexford, and Kilroy all do, with a particular focus on the West Coast. Each one has a slightly different story, but all are worth a closer look today if you are trying to find U.S.-based dividend stocks to add to your portfolio. Before you buy stock in Rexford Industrial Realty, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rexford Industrial Realty wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 3 U.S.-Based Dividend Stocks to Buy Today was originally published by The Motley Fool
Yahoo
22-05-2025
- Business
- Yahoo
Prediction: 2 Stocks That Will Be Worth More Than AGNC Investment 10 Years From Now
Over the past decade, AGNC Investment has had a very clear, downward dividend trend. Retail-focused Federal Realty is a Dividend King that uses both internal and external growth levers. Rexford Industrial is a hyper-focused industrial REIT, but it has skills that set it apart from its competitors. 10 stocks we like better than AGNC Investment Corp. › AGNC Investment (NASDAQ: AGNC) has a massive 15.5% dividend yield, which is why it pops up on the screens of dividend investors. Before jumping at what looks like a huge income opportunity, you need to examine the real estate investment trust's (REIT's) history. You'll likely be better off with lower-yielding REITs like Federal Realty (NYSE: FRT) and Rexford Industrial (NYSE: REXR) if generating reliable income is your goal. AGNC Investment is a mortgage REIT that lives up to its goal of providing investors with an attractive total return. If total return is your goal, you might want to consider it. But most dividend investors aren't looking for total return, which requires dividends to be reinvested. Dividend investors are usually looking to use their dividends to pay for living expenses. It takes one single graph to highlight the problem. Notice that the total return line above is rising even as the dividend is falling. AGNC Investment's share price follows the dividend lower. If you had reinvested the dividend, you would have ended up OK. But if you'd spent the dividends this mortgage REIT generated, you would have ended up with less income and less capital. Given the huge 15.5% dividend yield, this dynamic doesn't seem likely to change. So AGNC Investment's huge yield probably isn't as attractive as it seems. You will probably find the still attractive yields on offer from Federal Realty and Rexford Industrial a lot more to your liking if you are a dividend investor. Federal Realty is a Dividend King, with over five decades of annual dividend increases behind it. Rexford is a much younger company, but it still has a 12-year dividend streak that it's working on growing. That's much more attractive than AGNC Investment's history of dividend cuts. Federal Realty's dividend yield is currently around 4.5%, while Rexford is offering a yield of 4.8%. Federal Realty is focused on retail assets, specifically strip malls and mixed-use developments built around retail. Rexford Industrial owns industrial assets, but is hyper-focused on the supply-constrained Southern California market. Both have proven very capable on two fronts. They both use acquisitions to grow. But redevelopment is a core aspect of their acquisition approach, as they both excel at improving their portfolios by investing in them to make them more valuable over time. In comparison, AGNC Investment owns mortgage securities that have been pooled into bond-like investments. There's no way to improve the value of mortgage securities via capital investment. In fact, AGNC Investment is more like a mutual fund than an operating business. As long as the dividend payment remains as large as it is, the value of the mortgage REIT is likely to keep shrinking because it's paying out so much of the capital it uses to invest. But Federal Realty's and Rexford's businesses will keep growing, thanks to their investment and redevelopment efforts. AGNC Investment isn't a bad company -- it just has a different focus than that of most dividend investors. But if you're looking for a total return investment, it could be a good option for your portfolio. For dividend investors, meanwhile, both Federal Realty and Rexford Industrial are likely to work out better over the long term. Even here, though, there is a material difference. Federal Realty is a slow and steady tortoise. Its dividend has grown just 26% over the past decade (for reference, AGNC's dividend declined by 40%). Rexford Industrial's dividend has grown by more than 250% over that same span. So Federal Realty is more appropriate for conservative dividend investors, while Rexford will likely be appreciated most by dividend growth investors. All that said, Federal Realty and Rexford are both a little out of favor on Wall Street right now, which is likely a long-term buying opportunity. Sure, tariffs and economic concerns will affect each over the near term. But their strong business models, including well-honed redevelopment skills, set them apart from the pack and set them up to keep growing for years to come once the current uncertainty passes. Before you buy stock in AGNC Investment Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AGNC Investment Corp. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Reuben Gregg Brewer has positions in Federal Realty Investment Trust. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Prediction: 2 Stocks That Will Be Worth More Than AGNC Investment 10 Years From Now was originally published by The Motley Fool
Yahoo
22-05-2025
- Business
- Yahoo
Prediction: 2 Stocks That Will Be Worth More Than AGNC Investment 10 Years From Now
Over the past decade, AGNC Investment has had a very clear, downward dividend trend. Retail-focused Federal Realty is a Dividend King that uses both internal and external growth levers. Rexford Industrial is a hyper-focused industrial REIT, but it has skills that set it apart from its competitors. 10 stocks we like better than AGNC Investment Corp. › AGNC Investment (NASDAQ: AGNC) has a massive 15.5% dividend yield, which is why it pops up on the screens of dividend investors. Before jumping at what looks like a huge income opportunity, you need to examine the real estate investment trust's (REIT's) history. You'll likely be better off with lower-yielding REITs like Federal Realty (NYSE: FRT) and Rexford Industrial (NYSE: REXR) if generating reliable income is your goal. AGNC Investment is a mortgage REIT that lives up to its goal of providing investors with an attractive total return. If total return is your goal, you might want to consider it. But most dividend investors aren't looking for total return, which requires dividends to be reinvested. Dividend investors are usually looking to use their dividends to pay for living expenses. It takes one single graph to highlight the problem. Notice that the total return line above is rising even as the dividend is falling. AGNC Investment's share price follows the dividend lower. If you had reinvested the dividend, you would have ended up OK. But if you'd spent the dividends this mortgage REIT generated, you would have ended up with less income and less capital. Given the huge 15.5% dividend yield, this dynamic doesn't seem likely to change. So AGNC Investment's huge yield probably isn't as attractive as it seems. You will probably find the still attractive yields on offer from Federal Realty and Rexford Industrial a lot more to your liking if you are a dividend investor. Federal Realty is a Dividend King, with over five decades of annual dividend increases behind it. Rexford is a much younger company, but it still has a 12-year dividend streak that it's working on growing. That's much more attractive than AGNC Investment's history of dividend cuts. Federal Realty's dividend yield is currently around 4.5%, while Rexford is offering a yield of 4.8%. Federal Realty is focused on retail assets, specifically strip malls and mixed-use developments built around retail. Rexford Industrial owns industrial assets, but is hyper-focused on the supply-constrained Southern California market. Both have proven very capable on two fronts. They both use acquisitions to grow. But redevelopment is a core aspect of their acquisition approach, as they both excel at improving their portfolios by investing in them to make them more valuable over time. In comparison, AGNC Investment owns mortgage securities that have been pooled into bond-like investments. There's no way to improve the value of mortgage securities via capital investment. In fact, AGNC Investment is more like a mutual fund than an operating business. As long as the dividend payment remains as large as it is, the value of the mortgage REIT is likely to keep shrinking because it's paying out so much of the capital it uses to invest. But Federal Realty's and Rexford's businesses will keep growing, thanks to their investment and redevelopment efforts. AGNC Investment isn't a bad company -- it just has a different focus than that of most dividend investors. But if you're looking for a total return investment, it could be a good option for your portfolio. For dividend investors, meanwhile, both Federal Realty and Rexford Industrial are likely to work out better over the long term. Even here, though, there is a material difference. Federal Realty is a slow and steady tortoise. Its dividend has grown just 26% over the past decade (for reference, AGNC's dividend declined by 40%). Rexford Industrial's dividend has grown by more than 250% over that same span. So Federal Realty is more appropriate for conservative dividend investors, while Rexford will likely be appreciated most by dividend growth investors. All that said, Federal Realty and Rexford are both a little out of favor on Wall Street right now, which is likely a long-term buying opportunity. Sure, tariffs and economic concerns will affect each over the near term. But their strong business models, including well-honed redevelopment skills, set them apart from the pack and set them up to keep growing for years to come once the current uncertainty passes. Before you buy stock in AGNC Investment Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AGNC Investment Corp. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Reuben Gregg Brewer has positions in Federal Realty Investment Trust. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Prediction: 2 Stocks That Will Be Worth More Than AGNC Investment 10 Years From Now was originally published by The Motley Fool
