Track market-moving stories before they get noisy

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

CNX Resources (CNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

MINNEAPOLIS--(BUSINESS WIRE)--Izzi Software, a leading provider of innovative enterprise software solutions, is rolling out the newest version of the flagship enterprise application development software from CNX. Known as the low-code development platform built for IBM i, Valence is trusted by organizations worldwide to tackle their most critical business and technical challenges, with innovative features released continuously over its lifespan. The new Valence 6.4 introduces AI-powered develop.

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.93% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: CNX Resources Corporation. (CNX - Free Report) Founded in 1860, CNX Resources Corporation is an independent oil and gas exploration and production company formed after the separation of CONSOL’s Exploration and Production (E&P) and Pennsylvania Mining Operations into two independent companies. The natural gas-focused company retained the old ticker symbol, while the coal-focused company retained the old company's name.

CNX is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Oils-Energy stock. CNX has a Momentum Style Score of A, and shares are up 1.6% over the past four weeks.

Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.50 to $2.94 per share. CNX also boasts an average earnings surprise of +43.9%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CNX should be on investors' short list.

CNX Resources Corporation. (CNX - Free Report) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +30.11%. A quarter ago, it was expected that this company would post earnings of $0.4 per share when it actually produced earnings of $0.68, delivering a surprise of +70%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

CNX Resources, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $722.04 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 38.38%. This compares to year-ago revenues of $441 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

CNX Resources shares have added about 6.9% since the beginning of the year versus the S&P 500's gain of 4.2%.

What's Next for CNX Resources?While CNX Resources has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for CNX Resources was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.53 on $441.15 million in revenues for the coming quarter and $2.94 on $1.88 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Exploration and Production - United States is currently in the top 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Talos Energy (TALO - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.

This independent oil and gas company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of -250%. The consensus EPS estimate for the quarter has been revised 155.1% higher over the last 30 days to the current level.

Talos Energy's revenues are expected to be $433.71 million, down 15.5% from the year-ago quarter.

CNX beats Q1 earnings and revenue estimates as production and selling price rise year over year.

CNX Resources Corporation. (CNX - Free Report) reported $722.04 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 63.7%. EPS of $1.21 for the same period compares to $0.78 a year ago.

The reported revenue represents a surprise of +38.38% over the Zacks Consensus Estimate of $521.78 million. With the consensus EPS estimate being $0.93, the EPS surprise was +30.11%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how CNX Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Average Daily Production: 1,693.00 Mcfe/D versus 1,685.37 Mcfe/D estimated by three analysts on average.Oil/Condensate - Gross Price: $58.08 compared to the $63.45 average estimate based on three analysts.NGL - Sales Volume: 2,180.00 MBBL compared to the 1,914.39 MBBL average estimate based on three analysts.Oil/Condensate - Sales Volume: 58.00 MBBL compared to the 46.93 MBBL average estimate based on three analysts.NGL - Gross Price: $27.54 versus $23.17 estimated by three analysts on average.Realized Natural Gas Price per Mcf: $3.15 versus the three-analyst average estimate of $3.21.Production Volumes - Total: 152.40 Bcfe versus 151.68 Bcfe estimated by three analysts on average.Natural Gas - Sales Volume: 138.94 MMcf versus the two-analyst average estimate of 140.30 MMcf.Average Sales Price - Natural Gas: $4.74 versus $5.05 estimated by two analysts on average.View all Key Company Metrics for CNX Resources here>>>

Shares of CNX Resources have returned -6.7% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Algert Global LLC increased its holdings in Laureate Education (NASDAQ: LAUR) by 75.5% in the undefined quarter, according to its most recent 13F filing with the SEC. The firm owned 649,588 shares of the company's stock after buying an additional 279,513 shares during the period. Algert Global LLC owned about 0.44% of Laureate

Laureate Education (NASDAQ: LAUR - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Laureate Education (LAUR - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.

Laureate Education is a member of the Consumer Discretionary sector. This group includes 257 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Laureate Education is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for LAUR's full-year earnings has moved 8.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, LAUR has moved about 3.3% on a year-to-date basis. At the same time, Consumer Discretionary stocks have lost an average of 10.2%. This means that Laureate Education is performing better than its sector in terms of year-to-date returns.

One other Consumer Discretionary stock that has outperformed the sector so far this year is Lifetime Brands (LCUT - Free Report) . The stock is up 24.8% year-to-date.

Over the past three months, Lifetime Brands' consensus EPS estimate for the current year has increased 35.6%. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, Laureate Education belongs to the Schools industry, a group that includes 18 individual companies and currently sits at #17 in the Zacks Industry Rank. On average, this group has gained an average of 4% so far this year, meaning that LAUR is slightly underperforming its industry in terms of year-to-date returns.

Lifetime Brands, however, belongs to the Consumer Products - Discretionary industry. Currently, this 28-stock industry is ranked #81. The industry has moved +10.8% so far this year.

Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Laureate Education and Lifetime Brands as they could maintain their solid performance.

Posted by Defense World Staff on Apr 7th, 2026

Laureate Education (NASDAQ:LAUR – Get Free Report) and China Bilingual Technology & Education Group (OTCMKTS:CATG – Get Free Report) are both consumer discretionary companies, but which is the better business? We will contrast the two businesses based on the strength of their risk, profitability, analyst recommendations, institutional ownership, earnings, valuation and dividends.

Analyst Ratings This is a summary of current ratings and recommmendations for Laureate Education and China Bilingual Technology & Education Group, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Laureate Education 0 1 4 1 3.00 China Bilingual Technology & Education Group 0 0 0 0 0.00 Laureate Education presently has a consensus price target of $39.63, suggesting a potential upside of 15.86%. Given Laureate Education’s stronger consensus rating and higher probable upside, equities analysts clearly believe Laureate Education is more favorable than China Bilingual Technology & Education Group.

Institutional and Insider Ownership 96.3% of Laureate Education shares are owned by institutional investors. 1.2% of Laureate Education shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Volatility and Risk Laureate Education has a beta of 0.56, indicating that its share price is 44% less volatile than the S&P 500. Comparatively, China Bilingual Technology & Education Group has a beta of -2.26, indicating that its share price is 326% less volatile than the S&P 500.

Profitability This table compares Laureate Education and China Bilingual Technology & Education Group’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Laureate Education 16.55% 23.50% 12.19% China Bilingual Technology & Education Group N/A N/A N/A Earnings and Valuation This table compares Laureate Education and China Bilingual Technology & Education Group”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Laureate Education $1.70 billion 2.87 $281.63 million $1.92 17.81 China Bilingual Technology & Education Group N/A N/A N/A N/A N/A Laureate Education has higher revenue and earnings than China Bilingual Technology & Education Group.

Summary Laureate Education beats China Bilingual Technology & Education Group on 11 of the 11 factors compared between the two stocks.

About Laureate Education (Get Free Report)

Laureate Education, Inc., together with its subsidiaries, offers higher education programs and services to students through a network of universities and higher education institutions. The company provides a range of undergraduate and graduate degree programs in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs. It also offers specialized courses for technical and vocational training; and senior high school. Its services are provides in Mexico, Peru, and the United States. The company was formerly known as Sylvan Learning Systems, Inc. and changed its name to Laureate Education, Inc. in May 2004. Laureate Education, Inc. was founded in 1989 and is headquartered in Miami, Florida.

About China Bilingual Technology & Education Group (Get Free Report)

Capstone Technologies Group, Inc. intends to operate as a holding company. It engages in customer data platform market, and provides software design, development, and other services. The company was formerly known as China Bilingual Technology & Education Group Inc. and changed its name to Capstone Technologies Group, Inc. in April 2017. Capstone Technologies Group, Inc. is based in Charlotte, North Carolina.

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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

Shell (SHEL - Free Report) : This company, which is one of the primary oil supermajors—a group of U.S. and Europe-based big energy multinationals with operations that span almost every corner of the globe, has seen the Zacks Consensus Estimate for its current year earnings increasing 48.7% over the last 60 days.

Block (XYZ - Free Report) : This company, which offers financial and marketing services through its commerce ecosystem that helps sellers to start, run and grow their businesses, has seen the Zacks Consensus Estimate for its current year earnings increasing 10.3% over the last 60 days.

Under Armour (UAA - Free Report) : This company, which is a global leader in designing, marketing and distributing performance apparel, footwear, and accessories for men, women, and youth, has seen the Zacks Consensus Estimate for its current year earnings increasing 10% over the last 60 days.

PACS Group, Inc. (PACS - Free Report) : This company, which invests in post-acute healthcare facilities, professionals and ancillary services, has seen the Zacks Consensus Estimate for its current year earnings increasing 9.5% over the last 60 days.

Laureate Education (LAUR - Free Report) : This degree-granting higher education institutions, which offers high-quality undergraduate, graduate and specialized programs, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check out this week’s current list of Best Stocks to Buy Now.

On April 23, 2026, Laureate Education Inc (LAUR) shares fell 6.7% to a current price of $31.25. This decline comes against a backdrop of a 52-week price range o

Laureate Education (LAUR - Free Report) came out with a quarterly loss of $0.17 per share in line with the Zacks Consensus Estimate. This compares to a loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this for-profit higher education purveyor would post earnings of $0.76 per share when it actually produced earnings of $0.76, delivering no surprise.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Laureate Education, which belongs to the Zacks Schools industry, posted revenues of $272.6 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.11%. This compares to year-ago revenues of $236.2 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Laureate Education shares have lost about 6.2% since the beginning of the year versus the S&P 500's gain of 4.2%.

What's Next for Laureate Education?While Laureate Education has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Laureate Education was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.00 on $605.33 million in revenues for the coming quarter and $2.14 on $1.94 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Schools is currently in the top 11% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Universal Technical Institute (UTI - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.

This school for auto, motorcycle and marine technicians is expected to post break-even quarterly earnings per share in its upcoming report, which represents a year-over-year change of -100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Universal Technical Institute's revenues are expected to be $221.45 million, up 6.8% from the year-ago quarter.

May 21, 2026 16:15 ET  | Source: Laureate Education, Inc.

MIAMI, May 21, 2026 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ: LAUR), which operates five higher education institutions across Mexico and Peru, today announced the election of Julian Coulter as an independent member of the Laureate Education, Inc. Board of Directors at today’s 2026 Annual Meeting of Stockholders.

“We are excited to welcome Julian Coulter to Laureate’s Board of Directors. Julian brings a strong combination of marketing leadership, digital expertise, and operating experience. We look forward to his contributions as we continue driving growth and creating meaningful long-term value for our shareholders,” said Andrew B. Cohen, Chair of the Board.

Eilif Serck-Hanssen, President and Chief Executive Officer, added, “Julian will bring to our Board critical skills and expertise in technological and commercial innovation as we are in a period of accelerated digital adoption and rising demand for AI enablement. His track record in these areas will add depth to the Company and support strong governance and long-term value creation.”

Mr. Coulter is the Global Managing Director, Food, Beverage & Restaurants at Google, Inc., a global technology company, and previously held various leadership positions at Google from 2018 to 2025 in Mexico and Peru. Prior to Google, Mr. Coulter held several other international digital strategy and commercial operations leadership positions, including at Sony Corporation and SABMiller. From 2019 to 2025, Mr. Coulter served as a Board Member of Delosi, S.A., an operator of international restaurant franchises including Starbucks and Burger King. Mr. Coulter earned a B.A. in Economics from Trinity College Dublin and an M.B.A. from Harvard Business School.

As previously planned, Kenneth W. Freeman and Dr. Judith Rodin did not stand for re-election as directors at the 2026 Annual Meeting of Stockholders.

“On behalf of the Board of Directors, the management team and our stakeholders, I thank Ken and Judy for their many years of dedication, thoughtful leadership and valuable contributions. Their service on the Board and its committees has been instrumental in strengthening the Company’s governance and advancing our strategic and operational objectives,” said Mr. Cohen.

Following these changes, Laureate's Board is comprised of nine directors, eight of whom are independent. Laureate believes that maintaining a Board with the optimal mix of skills, expertise and experience is critical to the delivery of long-term value for stockholders and the achievement of superior academic outcomes for our students.

About Laureate Education, Inc.

Laureate Education, Inc. operates five higher education institutions across Mexico and Peru, enrolling approximately 500,000 students in high-quality undergraduate, graduate, and specialized degree programs through campus-based and online learning. Our universities have a deep commitment to academic quality and innovation, strive for market-leading employability outcomes, and work to make higher education more accessible. At Laureate, we know that when our students succeed, countries prosper, and societies benefit.

Investor Relations Contact:
[email protected]

Media Contacts:

Laureate Education, Inc.
Adam Smith
[email protected]
U.S.: +1 (443) 255 0724

This press release was published by a CLEAR® Verified individual.

Exclusive luxury home community offers elegant designs and resort-style amenities Exclusive luxury home community offers elegant designs and resort-style amenities

Toll Brothers (TOL - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this home builder have returned 0%, compared to the Zacks S&P 500 composite's +1.9% change. During this period, the Zacks Building Products - Home Builders industry, which Toll Brothers falls in, has gained 3.1%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Toll Brothers is expected to post earnings of $2.98 per share, indicating a change of -20.1% from the year-ago quarter. The Zacks Consensus Estimate has changed -12.8% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $12.67 points to a change of -6.1% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $14.18 indicates a change of +12% from what Toll Brothers is expected to report a year ago. Over the past month, the estimate has changed -1.1%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Toll Brothers is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Toll Brothers, the consensus sales estimate for the current quarter of $2.64 billion indicates a year-over-year change of -10.3%. For the current and next fiscal years, $10.7 billion and $11.16 billion estimates indicate -2.4% and +4.3% changes, respectively.

Last Reported Results and Surprise HistoryToll Brothers reported revenues of $2.53 billion in the last reported quarter, representing a year-over-year change of -7.6%. EPS of $2.72 for the same period compares with $3.5 a year ago.

Compared to the Zacks Consensus Estimate of $2.41 billion, the reported revenues represent a surprise of +5.07%. The EPS surprise was +5.43%.

Over the last four quarters, Toll Brothers surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Toll Brothers is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Toll Brothers. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

LAS VEGAS, June 09, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced the final opportunity for home shoppers seeking a move-in-ready residence with designer finishes at Toll Brothers at Skye Canyon - Paloma Collection in Las Vegas, Nevada. The final three move-in ready homes, including two professionally designed Toll Brothers model homes, are now available for purchase, offering new home shoppers the rare opportunity to own one of the community’s most celebrated showcase residences. The final homes are priced from the mid-$700,000s.

Located within the award-winning Skye Canyon master plan in northwest Las Vegas, the final homes available in the Paloma Collection feature spacious two-story home designs ranging from approximately 2,263 to 2,897 square feet with 3 to 4 bedrooms, flexible living spaces, and thoughtfully designed indoor/outdoor living environments. Home shoppers interested in the final homes in the Paloma Collection will benefit from purchasing a fully designed home in which every detail—from flooring and cabinetry to outdoor entertaining spaces—has been thoughtfully selected and installed.

The Avella and Nola model homes are designed by professional interior designers, with each residence showcasing elevated finishes, custom millwork, premium lighting selections, designer furnishings, and carefully curated color palettes. Architecturally, the model homes embrace contemporary desert-modern design, with expansive windows that frame mountain and valley views, soaring ceilings and two-story spaces, and seamless transitions between indoor and outdoor living areas.

“These final homes demonstrate the exceptional design vision behind the Paloma Collection,” says Janet Love, Division President for Toll Brothers in Las Vegas. “Purchasing a decorated model home allows our homeowners to enjoy a professionally designed living environment from day one so they can start enjoying their new Toll Brothers lifestyle right away.”

The community combines luxury home design with access to resort-style amenities including an onsite pool and access to the Skye Canyon amenity center, plus nearby recreation and outdoor adventure.

Located at 9000 Cielo Canyon Street in Las Vegas, Toll Brothers at Skye Canyon - Paloma Collection and final quick move-in homes are open for tours by appointment. For more information, call 855-700-8655 or visit TollBrothersLasVegas.com.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.

Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2026 Fortune Media IP Limited. All rights reserved. Used under license.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/5db866ab-2d72-447b-bc41-56f36910104a

https://www.globenewswire.com/NewsRoom/AttachmentNg/46efffd3-604a-4e76-8e81-ef0847875f27 

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JACKSONVILLE, Fla., June 10, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its Toll Brothers at Marsh Harbor community, located in Ponte Vedra, Florida, has been honored with Best of Show and Gold awards at the 2026 Northeast Florida Parade of Homes.

Presented by the Northeast Florida Builders Association, the Parade of Homes recognizes excellence in home building, architecture, interior design, craftsmanship, and merchandising. Winners are selected through a judged evaluation of local model homes based on design quality, functionality, innovation, and overall buyer appeal.

Located in one of Northeast Florida’s most desirable coastal settings, Toll Brothers at Marsh Harbor showcases sophisticated architectural design, professionally curated interiors, and thoughtfully crafted living spaces that exemplify the Toll Brothers commitment to luxury living and exceptional quality. Homes in the community are priced from $1.67 million.

“We are honored that Toll Brothers at Marsh Harbor has been recognized with Best of Show at the 2026 Northeast Florida Parade of Homes,” said Greg Netro, Group President of Toll Brothers in North Florida. “This award is a testament to the passion and expertise of our team and reflects our dedication to creating homes that offer outstanding design, superior craftsmanship, and an elevated living experience.”

Toll Brothers at Marsh Harbor offers an exclusive collection of luxury homes featuring expansive floor plans, refined indoor/outdoor living spaces, and opportunities for personalization through the Toll Brothers Design Studio. Each home is designed to deliver a seamless blend of elegance, comfort, and functionality tailored to today’s luxury home buyers.

Toll Brothers customers can experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers Professional Design Consultants.

For more information about Toll Brothers at Marsh Harbor or other Toll Brothers communities throughout Florida, call 844-871-7466 or visit TollBrothers.com/FL.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.

Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2026 Fortune Media IP Limited. All rights reserved. Used under license.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected] 

https://www.globenewswire.com/NewsRoom/AttachmentNg/0dc2c8ff-2a5b-4e1f-9104-60386d768a08

https://www.globenewswire.com/NewsRoom/AttachmentNg/a025055d-8b1d-4efd-a785-d9201cc307f8

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DENTON, Texas, June 11, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest Dallas-Fort Worth area community, Toll Brothers at Landmark, is now open in Denton, Texas. Situated within the sought-after and lifestyle-focused Landmark by Hillwood master plan, this highly anticipated community offers an impressive selection of modern home designs and access to a robust collection of amenities. The Sales Center is now open at 8109 Prairie Park Blvd in Denton.

Toll Brothers at Landmark features single-family homes with versatile single- and two-story floor plans on 60-foot-wide home sites. Home shoppers can select from a variety of designs offering 3 to 6 bedrooms, 2.5 to 6.5 baths, and 2- to 3-car garages. Homes are priced from the upper $600,000s.

Located just twenty minutes from downtown Denton, Toll Brothers at Landmark provides convenient access to major commuter routes including Interstate 35E, Interstate 35W, and Highway 114. The community is also close to exceptional shopping, dining, and entertainment options in Denton, Highland Village, Northlake, and Flower Mound.

"Toll Brothers at Landmark offers the perfect blend of luxury home designs and a vibrant community setting," said Jay Saunders, Division President of Toll Brothers in Dallas-Fort Worth. "Home shoppers will enjoy a convenient location, access to resort-style amenities in this lifestyle-focused master planned community, and the opportunity to personalize every detail of their Toll Brothers home."

Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

The resort-style community includes an onsite amenity center, walking and biking trails, parks, an oversized pool, a splash pad, a dog park, open spaces for recreation, STEAM learning parks, future onsite schools, and more.

For more information about Toll Brothers at Landmark, visit TollBrothers.com/Dallas or call 855-289-8656.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.

Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2026 Fortune Media IP Limited. All rights reserved. Used under license.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/a66cd5fb-3eff-47e1-9ae9-e3d465e3c52a

https://www.globenewswire.com/NewsRoom/AttachmentNg/11162a19-713f-4dab-be43-c7ac2888344c

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

PEAPACK, N.J., June 12, 2026 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest luxury home community, Peapack Crossing, is coming soon to Somerset County, New Jersey. Featuring two distinct collections of homes, Peapack Crossing will offer a rare blend of serenity and convenience in one of New Jersey’s most desirable locations. Site work is underway, and the community is anticipated to open for sale later this summer 2026.

Peapack Crossing will showcase luxury carriage-style townhomes and single-family homes on private, wooded home sites. The Carriages Collection will feature two-story townhomes ranging from approximately 3,045 to 3,551 square feet, with open-concept floor plans, walk-out basements, and two-car garages from $1.4 million. The Signature Collection will include single-family three-bedroom homes from $1.5 million. Modern two-story designs in the Signature collection will span over 3,100 square feet, offering spacious living areas and first-floor primary bedroom suites.

Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

"Peapack Crossing is truly a special community that offers unparalleled luxury living in the heart of Somerset County," said Jill Sarcia, Division President of Toll Brothers in New Jersey. "With thoughtfully designed homes and an exceptional location near highly ranked schools, outdoor recreation, and local conveniences, this community is ideal for home shoppers seeking a sophisticated lifestyle."

Residents of Peapack Crossing will enjoy a prime location close to charming shops and restaurants, pristine outdoor recreation, and highly ranked schools in the Somerset Hills School District. The community also offers easy access to major transit routes, connecting residents to New York City, Morristown, and beyond.

For more information and to join the Toll Brothers interest list for Peapack Crossing, call (844) 834-5263 or visit TollBrothers.com/NJ.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the New York Stock Exchange under the symbol “TOL.” Toll Brothers builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.

Toll Brothers was named the #1 Most Admired Home Builder in Fortune magazine’s 2026 list of the World’s Most Admired Companies®, the ninth year the Company has achieved this honor. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2026 Fortune Media IP Limited. All rights reserved. Used under license.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/49db26d3-912d-4ad3-b0bc-07261421f643

https://www.globenewswire.com/NewsRoom/AttachmentNg/26dab164-6db2-4bf6-9425-4b4c2d1e34ed 

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

Posted by Defense World Staff on Apr 16th, 2026

Rexford Industrial Realty (NYSE:REXR – Get Free Report) is expected to announce its Q1 2026 results after the market closes on Thursday, April 23rd. Analysts expect Rexford Industrial Realty to post earnings of $0.2687 per share and revenue of $243.7850 million for the quarter. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Investors can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Friday, April 24, 2026 at 11:00 AM ET.

Rexford Industrial Realty (NYSE:REXR – Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The company had revenue of $243.43 million during the quarter, compared to analyst estimates of $249.05 million. During the same quarter last year, the business posted $0.58 EPS. Rexford Industrial Realty’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts expect Rexford Industrial Realty to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Rexford Industrial Realty Price Performance NYSE REXR opened at $35.67 on Thursday. The company has a market cap of $8.01 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 2.55 and a beta of 1.26. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.37. The firm’s 50-day simple moving average is $35.59 and its two-hundred day simple moving average is $39.04. Rexford Industrial Realty has a 52 week low of $31.08 and a 52 week high of $44.38.

Rexford Industrial Realty Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.435 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.9%. Rexford Industrial Realty’s dividend payout ratio is 204.71%.

Insider Buying and Selling at Rexford Industrial Realty In other Rexford Industrial Realty news, CFO Michael Fitzmaurice purchased 2,650 shares of the business’s stock in a transaction on Friday, February 27th. The stock was acquired at an average cost of $37.55 per share, for a total transaction of $99,507.50. Following the completion of the transaction, the chief financial officer directly owned 14,133 shares in the company, valued at approximately $530,694.15. This represents a 23.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Laura E. Clark acquired 5,310 shares of Rexford Industrial Realty stock in a transaction dated Friday, February 27th. The shares were bought at an average cost of $37.73 per share, for a total transaction of $200,346.30. Following the completion of the purchase, the chief operating officer directly owned 5,310 shares of the company’s stock, valued at approximately $200,346.30. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 12,960 shares of company stock valued at $486,804. Insiders own 1.20% of the company’s stock.

Institutional Trading of Rexford Industrial Realty A number of institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Rexford Industrial Realty by 2.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,336,003 shares of the real estate investment trust’s stock valued at $1,097,172,000 after acquiring an additional 667,594 shares during the last quarter. State Street Corp increased its holdings in Rexford Industrial Realty by 4.9% during the 2nd quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock valued at $428,509,000 after purchasing an additional 556,810 shares during the period. Soroban Capital Partners LP increased its holdings in Rexford Industrial Realty by 57.2% during the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock valued at $326,925,000 after purchasing an additional 3,344,677 shares during the period. Northern Trust Corp raised its position in Rexford Industrial Realty by 0.6% during the 3rd quarter. Northern Trust Corp now owns 3,518,818 shares of the real estate investment trust’s stock valued at $144,659,000 after purchasing an additional 20,096 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Rexford Industrial Realty by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,496,852 shares of the real estate investment trust’s stock valued at $135,406,000 after purchasing an additional 70,587 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets A number of equities analysts have recently commented on REXR shares. iA Financial set a $45.00 price target on shares of Rexford Industrial Realty in a report on Friday, February 6th. Barclays restated an “underweight” rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th. Truist Financial lowered their price target on Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Cantor Fitzgerald dropped their price target on Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Finally, Scotiabank cut their price objective on Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and an average price target of $41.92.

Check Out Our Latest Analysis on REXR

About Rexford Industrial Realty (Get Free Report)

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.

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, /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust ("REIT") focused on creating value by investing in and operating industrial properties throughout infill Southern California, today announced financial and operating results for the first quarter of 2026.

First Quarter 2026 Financial and Operational Highlights (all comparisons to First Quarter 2025)

Net income attributable to common stockholders of $87.9 million, or $0.38 per diluted share, as compared to $68.3 million, or $0.30 per diluted share. Company share of Core FFO of $139.8 million, a decrease of 0.9%. Company share of Core FFO per diluted share of $0.61, a decrease of 1.6%. Total Portfolio NOI of $185.4 million, a decrease of 4.2%. Same Property Portfolio NOI increased 0.9% and Same Property Portfolio Cash NOI decreased 0.4%. Average Same Property Portfolio occupancy of 96.3%. Executed 4.1 million square feet of new and renewal leases. Comparable rental rates decreased by 10.0%, compared to prior rents, on a net effective basis and decreased by 15.4% on a cash basis. Excluding the previously disclosed 1.1 million-square-foot Tireco, Inc. lease extension executed in the first quarter, comparable rental rates increased by 5.5% on a net effective basis and decreased by 1.8% on a cash basis. Stabilized two repositioning and development projects totaling 144,889 square feet. Sold five properties for a total sales price of $127.4 million, including two sites previously in the near-term development pipeline. Repurchased 5,534,357 shares of common stock for $200 million at a weighted average price of $36.14 per share. Subsequent to quarter end, the Board of Directors authorized a new $500 million stock repurchase program. Net Debt to Enterprise Value ratio of 29.2% and Net Debt to Adjusted EBITDAre of 4.5x. On April 1, 2026, Laura Clark assumed the role of Chief Executive Officer and John Nahas assumed the role of Chief Operating Officer as part of the Company's previously announced leadership succession plan. On January 1, 2026, David Stockert was appointed as an independent member of the Board. "Rexford delivered strong first quarter results driven by record leasing activity and continued execution of our strategic priorities," said Laura Clark, Chief Executive Officer. "Our focus on prioritizing occupancy and accretive capital recycling drove outperformance and an increase to our full‑year outlook. We are beginning to see early signs of market improvement and remain confident that our disciplined capital allocation, differentiated portfolio and favorable long-term supply‑demand dynamics will enable sustained value creation for our shareholders." 

Financial

The Company reported net income attributable to common stockholders for the first quarter of $87.9 million, or $0.38 per diluted share, compared to $68.3 million, or $0.30 per diluted share, for the prior year quarter. Net income in the first quarter includes $26.3 million of gains on sale of real estate and $6.8 million of impairments, as compared to $13.2 million and $0, respectively, for the prior year quarter.

The Company reported its share of Core FFO for the first quarter of $139.8 million, representing a 0.9% decrease compared to $141.0 million for the prior year quarter. Core FFO of $0.61 per diluted share represents a decrease of 1.6% compared to $0.62 per diluted share for the prior year quarter. Company share of Core FFO decreased by $1.2 million, or $0.01 per diluted share year-over-year, primarily driven by higher NOI contributions from repositioning and development and Same Property Portfolio NOI, in addition to lower general and administrative expense related to the Co-CEO transition, offset by termination fee income recognized in the first quarter of 2025.

In the first quarter of 2026, Same Property Portfolio NOI and Cash NOI increased 0.9% and decreased 0.4%, respectively, compared to the prior year quarter. Same Property Portfolio NOI growth was primarily driven by higher average occupancy gains, partially offset by higher tenant reimbursement abatement. Same Property Cash NOI growth was primarily driven by contributions from average occupancy gains and annual contractual rent increases, offset by higher bad debt, lower releasing spreads and higher rent and tenant reimbursement abatement.

Operations

Q1 2026 Leasing Activity

Releasing Spreads(1)

Releasing Spreads Excluding
Tireco, Inc. Lease Extension(2)

# of Leases
Executed

SF of
Leasing

Net Effective

Cash

Net Effective

Cash

New Leases

59

1,296,230

(8.7) %

(12.8) %

(8.7) %

(12.8) %

Renewal Leases

85

2,829,822

(10.3) %

(15.9) %

11.8 %

3.0 %

Total Leases

144

4,126,052

(10.0) %

(15.4) %

5.5 %

(1.8) %

(1)

Net effective and cash rent statistics include leases in which there is comparable lease data. Please see the Company's supplemental financial reporting package for additional detail related to leasing activity in Q1 2026.

(2)

Excludes the previously disclosed 1.1 million-square-foot lease extension with Tireco, Inc. at 10545 Production Avenue executed in Q1 2026. The lease, which was originally set to expire in January 2027, was extended through April 2030 commencing on February 1, 2027. The above-market, in-place lease rate resulted in a net effective and cash releasing spread of (31.0)% and (33.5)% for the executed lease extension, respectively. This lease extension is not indicative of the Company's projected portfolio releasing spreads given the unique size, adjacent competitive supply and lease structure. The lease includes annual contractual rental rate increases of 2.75% and three months of rent abatement in 2027, in addition to a conversion to a gross lease from a triple net lease, which enables the Company to capture the benefit from any potential reduction in real estate property taxes.

As of March 31, 2026, the Company's Same Property Portfolio ending occupancy was 96.1%. Average Same Property Portfolio occupancy for the first quarter was 96.3%. The Company's total portfolio, excluding repositioning and development assets, was 95.2% occupied and 95.8% leased. The Company's total portfolio, including repositioning and development assets, was 90.7% occupied and 91.3% leased. The Company's improved land and industrial outdoor storage (IOS) sites, totaling approximately 8.3 million square feet or 189.7 acres, were 92.8% leased as of March 31, 2026.

Repositionings and Developments

During the first quarter of 2026, the Company leased one 37,844-square-foot repositioning project at 1315 Storm Parkway.

During the first quarter, the Company stabilized two repositioning and development projects, totaling 144,889 square feet, representing a total investment of $48.6 million. The projects achieved a weighted average stabilized return on cost of 5.3%.

Dispositions

During the first quarter of 2026, as previously disclosed, the Company disposed of five properties, totaling 314,693 square feet, for an aggregate sales price of $127.4 million, including two sites previously in the near-term development pipeline.

Subsequent to quarter end, the Company disposed of one property previously in the near-term development pipeline:

423-424 Berry Way, Brea, in the Orange County–North submarket for $16.5 million, or $56 per land square foot.  The 6.8-acre site was sold vacant to a merchant builder. Through this disposition, the Company expects to preserve approximately $31 million of capital spend that was associated with the development. The Company has approximately $170 million in dispositions under contract or accepted offer, including three properties that were in the near-term development pipeline. These transactions are subject to customary due diligence and closing conditions; as such, there is no guarantee the Company will close on these transactions.

Balance Sheet

The Company ended the first quarter of 2026 with $1.3 billion of total liquidity, including $51.7 million in unrestricted cash on hand and $1.245 billion available under its unsecured revolving credit facility.

During the first quarter of 2026, the Company repurchased 5,534,357 shares of its common stock for $200 million, at a weighted average price of $36.14 per share. Subsequent to quarter end, the Company's Board of Directors authorized a new $500 million stock repurchase program, which superseded and replaced the prior program and is authorized through April 2028. The Company has full availability under the current program. 

As of March 31, 2026, the Company had $3.3 billion of outstanding debt, with a weighted average interest rate of 3.7%, and no floating rate debt exposure. The weighted average term-to-maturity of the Company's outstanding debt is 3.0 years with no material debt maturities until 2027.

Dividends

On April 21, 2026, the Company's Board of Directors authorized a dividend in the amount of $0.435 per share for the second quarter of 2026, payable in cash on July 15, 2026, to common stockholders and common unit holders of record as of June 30, 2026.

On April 21, 2026, the Company's Board of Directors authorized a quarterly dividend of $0.367188 per share of its Series B Cumulative Redeemable Preferred Stock and a quarterly dividend of $0.351563 per share of its Series C Cumulative Redeemable Preferred Stock, payable in cash on June 30, 2026, to preferred stockholders of record as of June 15, 2026.

Leadership Transition and Board of Directors

On April 1, 2026, Laura Clark assumed the role of Chief Executive Officer and John Nahas assumed the role of Chief Operating Officer as part of the Company's leadership succession plan. Clark, who was appointed to the Board on November 17, 2025, succeeds Co-Chief Executive Officers Howard Schwimmer and Michael Frankel, who departed from their roles on March 31, 2026. Schwimmer and Frankel continue to serve as directors on the Board until their terms expire at the 2026 Annual Meeting of Shareholders on May 19, 2026.

On January 1, 2026, David Stockert joined the Company's Board of Directors as an independent member and serves on Board's Audit Committee.

Guidance

The Company is updating its full year 2026 guidance as indicated below. Please refer to the Company's supplemental information package for a complete detail of guidance and the 2026 Guidance Rollforward.

2026 Outlook

Q1 2026

Updated Guidance

Initial

2026 Guidance

Earnings

Net Income Attributable to Common Stockholders per diluted share(1)

$1.22 - $1.27

$1.15 - $1.20

Company share of Core FFO per diluted share(1)

$2.37 - $2.42

$2.35 - $2.40

Same Property Portfolio(2)

Same Property Portfolio NOI Growth - Net Effective

(2.0)% - (1.0)%

(2.5)% - (1.5)%

Same Property Portfolio NOI Growth - Cash

(1.5)% - (0.5)%

(2.0)% - (1.0)%

Average Same Property Portfolio Occupancy (Full Year)

95.1% - 95.6%

94.8% - 95.3%

Capital Allocation

Dispositions

$400M - $500M

$400M - $500M

Repositioning/Development Annualized Stabilized Cash NOI(3)

$16M - $18M

$19M - $21M

Repositioning/Development Starts (SF)

1.2M

1.1M

Repositioning/Development Starts (Total Estimated Project Costs)

$160M - $170M

$140M - $150M

Other Assumptions

General and Administrative Expenses

+/- $60M

+/- $60M

Interest Expense

+/- $112M

+/- $112M

(1)

2026 Net Income and Core FFO Guidance reflects the Company's in-place portfolio as of April 23, 2026, as well as guidance expectations related to investment activity.

(2)

2026 Same Property Portfolio is a subset of our consolidated portfolio and includes properties that were wholly owned for the period from January 1, 2025 through April 23, 2026, and excludes properties that were or will be classified as repositioning or development (current and future) or lease-up during 2025 and 2026 (unless otherwise noted) and select buildings in "Other Repositioning."

(3)

Represents estimated annualized Cash NOI for repositioning and development projects expected to stabilize in 2026, including 1315 Storm Parkway and 12118 Bloomfield Avenue which stabilized in the first quarter.

A number of factors could impact the Company's ability to deliver results in line with its guidance, including, but not limited to, the potential impacts related to interest rates, inflation, the economy, tariffs, geopolitical risks including impacts from the war in the Middle East, the supply and demand of industrial real estate, the availability and terms of financing to the Company or to potential acquirers of real estate and the timing and yields for divestment and investment. There can be no assurance that the Company can achieve such results.

Supplemental Information and Earnings Presentation

The Company's supplemental financial reporting package as well as an earnings presentation are available on the Company's investor relations website at ir.rexfordindustrial.com.

Earnings Release, Investor Conference Webcast and Conference Call

A conference call with executive management will be held on Friday, April 24, 2026, at 11:00 a.m. Eastern Time.

To participate in the live telephone conference call, please access the following dial-in numbers at least five minutes prior to the start time using Conference ID 5314484.

1 (800) 715-9871 (for domestic callers)
1 (646) 307-1963 (for international callers)

A live webcast and replay of the conference call will also be available at ir.rexfordindustrial.com.

About Rexford Industrial

Rexford Industrial creates value by investing in, operating and repositioning 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 over the long term. 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, 2026, Rexford Industrial's high-quality, irreplaceable portfolio comprised 414 properties with approximately 50.4 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 rexfordindustrial.com.

Forward Looking Statements

This 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, 2025, 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 / Discussion of Non-GAAP Financial Measures

Funds from Operations (FFO): We calculate FFO in accordance with the standards established by the National Association of Real Estate Investment Trusts ("NAREIT"). FFO represents net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from sales of depreciable operating property, gains (or losses) from sales of assets incidental to our business, impairment losses of depreciable operating property or assets incidental to our business, real estate related depreciation and amortization (excluding amortization of deferred financing costs and amortization of above/below-market lease intangibles) and after adjustments for unconsolidated joint ventures. Management uses FFO as a supplemental performance measure because, in excluding real estate related depreciation and amortization, gains and losses from property dispositions, other than temporary impairments of unconsolidated real estate entities, and impairment on our investment in real estate, it provides a performance measure that, when compared year over year, captures trends in occupancy rates, rental rates and operating costs. We also believe that, as a widely recognized measure of performance used by other REITs, FFO may be used by investors as a basis to compare our operating performance with that of other REITs. However, because FFO excludes depreciation and amortization and captures neither the changes in the value of our properties that result from use or market conditions nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of our properties, all of which have real economic effects and could materially impact our results from operations, the utility of FFO as a measure of our performance is limited. Other equity REITs may not calculate or interpret FFO in accordance with the NAREIT definition as we do, and, accordingly, our FFO may not be comparable to such other REITs' FFO. FFO should not be used as a measure of our liquidity and is not indicative of funds available for our cash needs, including our ability to pay dividends. FFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance. A reconciliation of net income, the nearest GAAP equivalent, to FFO is set forth below in the Financial Statements and Reconciliations section. "Company Share of FFO" reflects FFO attributable to common stockholders, which excludes amounts allocable to noncontrolling interests, participating securities and preferred stockholders.

Core Funds from Operations (Core FFO): We calculate Core FFO by adjusting FFO for non-comparable items outlined in the "Reconciliation of Net Income to Funds From Operations and Core Funds From Operations" table, which is located in the Financial Statements and Reconciliations section below. We believe that Core FFO is a useful supplemental measure and that by adjusting for items that are not considered by the Company to be part of its on-going operating performance, provides a more meaningful and consistent comparison of the Company's operating and financial performance period-over-period. Because these adjustments have a real economic impact on our financial condition and results from operations, the utility of Core FFO as a measure of our performance is limited. Other REITs may not calculate Core FFO in a consistent manner. Accordingly, our Core FFO may not be comparable to other REITs' Core FFO. Core FFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance. "Company Share of Core FFO" reflects Core FFO attributable to common stockholders, which excludes amounts allocable to noncontrolling interests, participating securities and preferred stockholders.

Reconciliation of Net Income Attributable to Common Stockholders per Diluted Share Guidance to Company Share of Core FFO per Diluted Share Guidance:

The following is a reconciliation of the Company's 2026 guidance range of net income attributable to common stockholders per diluted share, the most directly comparable forward-looking GAAP financial measure, to Company share of Core FFO per diluted share.

2026 Estimate

Low

High

Net income attributable to common stockholders

$                   1.22

$                   1.27

Company share of depreciation and amortization

1.24

1.24

Company share of impairment of real estate

0.03

0.03

Company share of gains on sale of real estate

(0.12)

(0.12)

Company share of Core FFO

$                   2.37

$                   2.42

Net Operating Income (NOI): NOI is a non-GAAP measure, which includes the revenue and expense directly attributable to our real estate properties. NOI is calculated as rental income from real estate operations less property expenses (before interest expense, depreciation and amortization). We use NOI as a supplemental performance measure because, in excluding real estate depreciation and amortization expense, gains (or losses) from property dispositions, impairment losses of depreciable operating property and other non-operating items, it provides a performance measure that, when compared year over year, captures trends in occupancy rates, rental rates and operating costs. We also believe that NOI will be useful to investors as a basis to compare our operating performance with that of other REITs. However, because NOI excludes depreciation and amortization expense and captures neither the changes in the value of our properties that result from use or market conditions, nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of our properties (all of which have a real economic effect and could materially impact our results from operations), the utility of NOI as a measure of our performance is limited. Other equity REITs may not calculate NOI in a similar manner and, accordingly, our NOI may not be comparable to such other REITs' NOI. Accordingly, NOI should be considered only as a supplement to net income as a measure of our performance. NOI should not be used as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs.

NOI should not be used as a substitute for cash flow from operating activities in accordance with GAAP. We use NOI to help evaluate the performance of the Company as a whole, as well as the performance of our Same Property Portfolio. A calculation of NOI for our Same Property Portfolio, as well as a reconciliation of net income to NOI for our Same Property Portfolio, is set forth below in the Financial Statements and Reconciliations section.

Cash NOI: Cash NOI is a non-GAAP measure, which we calculate by adding or subtracting from NOI: (i) amortization of above/(below) market lease intangibles and amortization of other deferred rent resulting from sale leaseback transactions with below market leaseback payments and (ii) straight-line rent adjustments. We use Cash NOI, together with NOI, as a supplemental performance measure. Cash NOI should not be used as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs. Cash NOI should not be used as a substitute for cash flow from operating activities computed in accordance with GAAP. We use Cash NOI to help evaluate the performance of the Company as a whole, as well as the performance of our Same Property Portfolio. A calculation of Cash NOI for our Same Property Portfolio, as well as a reconciliation of net income to Cash NOI for our Same Property Portfolio, is set forth below in the Financial Statements and Reconciliations section.

Same Property Portfolio: Our 2026 Same Property Portfolio is a subset of our total portfolio and includes properties that were wholly owned by us for the period from January 1, 2025 through March 31, 2026, and excludes (i) properties that were acquired or sold during the period from January 1, 2025 through March 31, 2026, and (ii) properties acquired prior to January 1, 2025 that were classified as repositioning/development (current and future) or lease-up during 2025 and 2026 and select buildings in "Other Repositioning," which we believe will significantly affect the properties' results during the comparative periods. As of March 31, 2026, our 2026 Same Property Portfolio consisted of buildings aggregating 41.7 million rentable square feet at 342 of our properties.

Properties and Space Under Repositioning: Typically defined as properties or units where a significant amount of space is held vacant in order to implement capital improvements that improve the functionality (not including basic refurbishments, i.e., paint and carpet), cash flow and value of that space. A repositioning is generally considered complete once the investment is fully or nearly fully deployed and the property is available for occupancy.

Stabilization Date — Repositioning/Development Properties: We consider a repositioning/development property to be stabilized at the earlier of the following: (i) upon rent commencement and achieving 90% occupancy or (ii) one year from the date of completion of repositioning/development construction work.

Net Debt to Enterprise Value: As of March 31, 2026, we had consolidated indebtedness of $3.3 billion, reflecting a net debt to enterprise value of approximately 29.2%. Our enterprise value is defined as the sum of the liquidation preference of our outstanding preferred stock and preferred units plus the market value of our common stock excluding shares of nonvested restricted stock, plus the aggregate value of common units not owned by us, plus the value of our net debt. Our Net Debt is defined as our consolidated indebtedness less cash and cash equivalents.

Net Debt to Adjusted EBITDAre: Calculated as Net Debt divided by annualized Adjusted EBITDAre. We calculate Adjusted EBITDAre as net income (loss) (computed in accordance with GAAP), before interest expense, tax expense, depreciation and amortization, gains (or losses) from sales of depreciable operating property, impairment losses of depreciable property, non-cash stock-based compensation expense, acquisition expenses, the pro-forma effects of  dispositions and other nonrecurring expenses. We believe that Adjusted EBITDAre is helpful to investors as a supplemental measure of our operating performance as a real estate company because it is a direct measure of the actual operating results of our industrial properties. We also use this measure in ratios to compare our performance to that of our industry peers. In addition, we believe Adjusted EBITDAre is frequently used by securities analysts, investors and other interested parties in the evaluation of Equity REITs. However, because Adjusted EBITDAre is calculated before recurring cash charges including interest expense and income taxes, and is not adjusted for capital expenditures or other recurring cash requirements of our business, its utility as a measure of our liquidity is limited. Accordingly, Adjusted EBITDAre should not be considered an alternative to cash flow from operating activities (as computed in accordance with GAAP) as a measure of our liquidity. Adjusted EBITDAre should not be considered as an alternative to net income or loss as an indicator of our operating performance. Other Equity REITs may calculate Adjusted EBITDAre differently than we do; accordingly, our Adjusted EBITDAre may not be comparable to such other Equity REITs' Adjusted EBITDAre. Adjusted EBITDAre should be considered only as a supplement to net income (as computed in accordance with GAAP) as a measure of our performance. A reconciliation of net income, the nearest GAAP equivalent, to Adjusted EBITDAre is set forth below in the Financial Statements and Reconciliations section.

Contact

Mikayla Lynch
Director, Investor Relations and Capital Markets
(424) 276-3454
[email protected]

Financial Statements and Reconciliations

Rexford Industrial Realty, Inc.
Consolidated Balance Sheets
(In thousands except share data)

March 31, 2026

December 31, 2025

(unaudited)

ASSETS

Land

$              7,562,694

$              7,689,921

Buildings and improvements

4,821,492

4,677,318

Tenant improvements

205,656

198,161

Furniture, fixtures, and equipment

132

132

Construction in progress

327,029

451,109

Total real estate held for investment

12,917,003

13,016,641

Accumulated depreciation

(1,219,932)

(1,165,792)

Investments in real estate, net

11,697,071

11,850,849

Cash and cash equivalents

51,714

165,778

Loan receivable, net

123,819

123,704

Rents and other receivables, net

11,962

13,958

Deferred rent receivable, net

205,398

190,376

Deferred leasing costs, net

92,022

87,745

Deferred loan costs, net

6,382

6,886

Acquired lease intangible assets, net

130,045

140,627

Acquired indefinite-lived intangible asset

5,156

5,156

Interest rate swap assets

4,562

2,025

Other assets

20,500

25,609

Assets associated with real estate held for sale, net

48,761

—

Total Assets

$            12,397,392

$            12,612,713

LIABILITIES & EQUITY

Liabilities

Notes payable

$              3,247,451

$              3,251,909

Interest rate swap liability

9

829

Accounts payable, accrued expenses and other liabilities

125,007

120,849

Dividends and distributions payable

102,418

103,399

Acquired lease intangible liabilities, net

110,914

116,487

Tenant security deposits

95,219

92,444

Tenant prepaid rents

82,186

88,777

Liabilities associated with real estate held for sale

482

—

Total Liabilities

3,763,686

3,774,694

Equity

Rexford Industrial Realty, Inc. stockholders' equity

Preferred stock, $0.01 par value per share, 10,050,000 shares authorized:

5.875% series B cumulative redeemable preferred stock, 3,000,000 shares
outstanding at March 31, 2026 and December 31, 2025 ($75,000 liquidation
preference)

72,443

72,443

5.625% series C cumulative redeemable preferred stock, 3,450,000 shares
outstanding at March 31, 2026 and December 31, 2025 ($86,250 liquidation
preference)

83,233

83,233

Common Stock,$0.01 par value per share, 489,950,000 authorized and
226,286,486 and 231,580,135 shares outstanding at March 31, 2026 and
December 31, 2025, respectively

2,263

2,316

Additional paid in capital

8,745,875

8,945,123

Cumulative distributions in excess of earnings

(651,692)

(642,130)

Accumulated other comprehensive loss

2,887

(422)

Total stockholders' equity

8,255,009

8,460,563

Noncontrolling interests

378,697

377,456

Total Equity

8,633,706

8,838,019

Total Liabilities and Equity

$            12,397,392

$            12,612,713

Rexford Industrial Realty, Inc.
Consolidated Statements of Operations
(Unaudited and in thousands, except per share data)

Three Months Ended March 31,

2026

2025

REVENUES

Rental income

$               242,141

$               248,821

Management and leasing services

—

142

Interest income

2,937

3,324

TOTAL REVENUES

245,078

252,287

OPERATING EXPENSES

Property expenses

56,763

55,261

General and administrative

14,925

19,868

Depreciation and amortization

72,933

86,740

TOTAL OPERATING EXPENSES

144,621

161,869

OTHER (EXPENSES) INCOME

Other income

1,350

—

Other expenses

(102)

(2,239)

Interest expense

(26,600)

(27,288)

Impairment of real estate

(6,824)

—

Gains on sale of real estate

26,281

13,157

TOTAL OTHER EXPENSES

(5,895)

(16,370)

NET INCOME

94,562

74,048

Less: net income attributable to noncontrolling interests

(3,375)

(2,849)

NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY,
INC.

91,187

71,199

Less: preferred stock dividends

(2,314)

(2,314)

Less: earnings attributable to participating securities

(1,008)

(539)

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

$                 87,865

$                 68,346

Net income attributable to common stockholders per share – basic

$                    0.38

$                    0.30

Net income attributable to common stockholders per share – diluted

$                    0.38

$                    0.30

Weighted-average shares of common stock outstanding – basic

228,312

227,396

Weighted-average shares of common stock outstanding – diluted

228,312

227,396

Rexford Industrial Realty, Inc.
Same Property Portfolio Occupancy and NOI and Cash NOI
(Unaudited, dollars in thousands)

Same Property Portfolio Occupancy

March 31,

2026

2025

Change (basis
points)

Quarterly Weighted Average Occupancy:(1)

Los Angeles County

96.9 %

93.2 %

370 bps

Orange County

96.4 %

97.4 %

(100) bps

Riverside / San Bernardino County

95.1 %

97.3 %

(220) bps

San Diego County

97.7 %

97.9 %

(20) bps

Ventura County

94.6 %

91.3 %

330 bps

Same Property Portfolio Weighted Average Occupancy

96.3 %

94.7 %

160 bps

Ending Occupancy:

96.1 %

94.5 %

160 bps

(1)

Calculated by averaging the occupancy rate at the end of each month in 1Q-2026 and December 2025 (for 1Q-2026) and the end of each month in 1Q-2025 and December 2024 (for 1Q-2025).

Same Property Portfolio NOI and Cash NOI

Three Months Ended March 31,

2026

2025

$ Change

% Change

Rental income

$      211,391

$      207,919

$         3,472

1.7 %

Property expenses

47,304

45,350

1,954

4.3 %

Same Property Portfolio NOI

$      164,087

$      162,569

$         1,518

0.9 %

Straight line rental revenue adjustment

(9,971)

(7,454)

(2,517)

33.8 %

Above/(below) market lease revenue adjustments

(4,171)

(4,572)

401

(8.8) %

Same Property Portfolio Cash NOI

$      149,945

$      150,543

$          (598)

(0.4) %

Rexford Industrial Realty, Inc.
Reconciliation of Net Income to NOI, Cash NOI, Same Property Portfolio NOI and
Same Property Portfolio Cash NOI
(Unaudited and in thousands)

Three Months Ended March 31,

2026

2025

Net income

$                94,562

$                74,048

General and administrative

14,925

19,868

Depreciation and amortization

72,933

86,740

Other expenses

102

2,239

Interest expense

26,600

27,288

Management and leasing services

—

(142)

Other income

(1,350)

—

Interest income

(2,937)

(3,324)

Impairment of real estate

6,824

—

Gains on sale of real estate

(26,281)

(13,157)

Net operating income (NOI)

$               185,378

$               193,560

Straight line rental revenue adjustment

(15,136)

(5,517)

Above/(below) market lease revenue adjustments

(4,647)

(9,186)

Cash NOI

$               165,595

$               178,857

NOI

$               185,378

$               193,560

Non-Same Property Portfolio rental income

(30,750)

(40,902)

Non-Same Property Portfolio property expenses

9,459

9,911

Same Property Portfolio NOI

$               164,087

$               162,569

Straight line rental revenue adjustment

(9,971)

(7,454)

Above/(below) market lease revenue adjustments

(4,171)

(4,572)

Same Property Portfolio Cash NOI

$               149,945

$               150,543

Rexford Industrial Realty, Inc.
Reconciliation of Net Income to Funds From Operations and Core Funds From Operations
(Unaudited and in thousands, except per share data)

Three Months Ended March 31,

2026

2025

Net income

$                 94,562

$                 74,048

Adjustments:

Depreciation and amortization

72,933

86,740

Impairment of real estate

6,824

—

Gains on sale of real estate

(26,281)

(13,157)

Funds From Operations (FFO)

$               148,038

$               147,631

Less: preferred stock dividends

(2,314)

(2,314)

Less: FFO attributable to noncontrolling interests(1)

(5,282)

(5,394)

Less: FFO attributable to participating securities(2)

(1,434)

(750)

Company share of FFO

$               139,008

$               139,173

Company Share of FFO per common share – basic

$                    0.61

$                    0.61

Company Share of FFO per common share – diluted

$                    0.61

$                    0.61

FFO

$               148,038

$               147,631

Adjustments:

Acquisition expenses(3)

—

79

Non-capitalizable demolition costs(3)

—

365

Severance costs(3)(4)

—

1,483

Other nonrecurring expenses(3)(5)

62

—

Core FFO

$               148,100

$               149,558

Less: preferred stock dividends

(2,314)

(2,314)

Less: Core FFO attributable to noncontrolling interest(1)

(5,284)

(5,461)

Less: Core FFO attributable to participating securities(2)

(744)

(760)

Company share of Core FFO

$               139,758

$               141,023

Company share of Core FFO per common share – basic

$                    0.61

$                    0.62

Company share of Core FFO per common share – diluted

$                    0.61

$                    0.62

Weighted-average shares of common stock outstanding – basic

228,312

227,396

Weighted-average shares of common stock outstanding – diluted

228,312

227,396

(1)

Noncontrolling interests relate to interests in the Company's operating partnership, represented by common units and preferred units (Series 2 & 3 CPOP units) of partnership interests in the operating partnership that are owned by unit holders other than the Company. On March 6, 2025, we exercised our conversion right to convert all remaining Series 2 CPOP units into OP Units.

(2)

Participating securities include unvested shares of restricted stock, unvested LTIP units and unvested performance units. For the three months ended March 31, 2026, Core FFO attributable to participating securities was adjusted to exclude $691 thousand of otherwise allocable Core FFO related solely to transition‑related restricted stock awards that were outstanding as of March 31, 2026.

(3)

Amounts are included in the line item "Other expenses" in the consolidated statements of operations.

(4)

Includes costs associated with workforce reduction and workforce reorganization.

(5)

Reflects nonrecurring advisory service costs.

Rexford Industrial Realty, Inc.
Reconciliation of Net Income to Adjusted EBITDAre
(Unaudited and in thousands)

Three Months Ended
March 31, 2026

Net income

$                        94,562

Interest expense

26,600

Depreciation and amortization

72,933

Impairment of real estate

6,824

Gains on sale of real estate

(26,281)

EBITDAre

$                      174,638

Stock-based compensation amortization

4,063

Other nonrecurring expenses

62

Pro forma effect of dispositions(1)

(206)

Adjusted EBITDAre

$                      178,557

(1)

Represents the estimated impact on first quarter 2026 EBITDAre of first quarter 2026 dispositions as if they had been sold as of January 1, 2026.

SOURCE Rexford Industrial Realty, Inc.

Posted by Defense World Staff on Apr 24th, 2026

Rexford Industrial Realty (NYSE:REXR – Get Free Report) and Community Healthcare Trust (NYSE:CHCT – Get Free Report) are both finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their profitability, valuation, risk, dividends, analyst recommendations, institutional ownership and earnings.

Analyst Recommendations This is a breakdown of current ratings and target prices for Rexford Industrial Realty and Community Healthcare Trust, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Rexford Industrial Realty 2 7 4 0 2.15 Community Healthcare Trust 0 3 1 0 2.25 Rexford Industrial Realty presently has a consensus target price of $41.92, suggesting a potential upside of 15.48%. Community Healthcare Trust has a consensus target price of $18.00, suggesting a potential upside of 5.66%. Given Rexford Industrial Realty’s higher probable upside, equities research analysts plainly believe Rexford Industrial Realty is more favorable than Community Healthcare Trust.

Earnings and Valuation This table compares Rexford Industrial Realty and Community Healthcare Trust”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Rexford Industrial Realty $1.00 billion 8.13 $212.03 million $0.85 42.71 Community Healthcare Trust $121.19 million 4.02 $5.10 million $0.07 243.37 Rexford Industrial Realty has higher revenue and earnings than Community Healthcare Trust. Rexford Industrial Realty is trading at a lower price-to-earnings ratio than Community Healthcare Trust, indicating that it is currently the more affordable of the two stocks.

Profitability This table compares Rexford Industrial Realty and Community Healthcare Trust’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Rexford Industrial Realty 21.03% 2.37% 1.63% Community Healthcare Trust 4.21% 1.16% 0.52% Risk and Volatility Rexford Industrial Realty has a beta of 1.26, indicating that its share price is 26% more volatile than the S&P 500. Comparatively, Community Healthcare Trust has a beta of 0.74, indicating that its share price is 26% less volatile than the S&P 500.

Insider and Institutional Ownership 99.5% of Rexford Industrial Realty shares are held by institutional investors. Comparatively, 87.8% of Community Healthcare Trust shares are held by institutional investors. 1.2% of Rexford Industrial Realty shares are held by insiders. Comparatively, 5.3% of Community Healthcare Trust shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Dividends Rexford Industrial Realty pays an annual dividend of $1.74 per share and has a dividend yield of 4.8%. Community Healthcare Trust pays an annual dividend of $1.91 per share and has a dividend yield of 11.2%. Rexford Industrial Realty pays out 204.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Community Healthcare Trust pays out 2,728.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Rexford Industrial Realty has raised its dividend for 4 consecutive years and Community Healthcare Trust has raised its dividend for 3 consecutive years.

Summary Rexford Industrial Realty beats Community Healthcare Trust on 13 of the 17 factors compared between the two stocks.

About Rexford Industrial Realty (Get Free Report)

Rexford Industrial Realty, Inc. is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.

About Community Healthcare Trust (Get Free Report)

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers. As of March 31, 2024, the Company had investments of approximately $1.1 billion in 197 real estate properties (including a portion of one property accounted for as a sales-type lease with a gross amount totaling approximately $3.0 million and two properties classified as an asset held for sale with an aggregate amount totaling approximately $7.5 million. The properties are located in 35 states, totaling approximately 4.4 million square feet in the aggregate and were approximately 92.3% leased, excluding real estate assets held for sale, at March 31, 2024 with a weighted average remaining lease term of approximately 6.9 years.

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