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Rexford Industrial Realty, Inc. (REXR) Presents at Nareit REITweek: 2026 Investor Conference Transcript

On June 09, 2026, Rexford Industrial Realty Inc REXR shares rose 3.0%, bringing the current price to $34.99. Despite today's gain, the stock has experienced a decline of 8.4% year-to-date and is trading within a 52-week range of $32.14 to $44.38.

GF Value™ verdict: The current price of $34.99 is 18.6% below the GF Value™ estimate of $42.98.GF Score™: 89/100, indicating a strong potential for long-term returns.Notable signal: Insider activity shows that insiders sold $2.0M worth of shares in the last 3 months, with no purchases recorded. Is REXR Overvalued or Undervalued? Rexford Industrial Realty Inc's current price of $34.99 is significantly lower than the estimated GF Value™ of $42.98, indicating that the stock is undervalued by approximately 18.6%. This margin of safety suggests an opportunity for investors, as the stock may have room to appreciate towards its intrinsic value. The GF Valuation label classifies REXR as "Modestly Undervalued," which implies that while there is potential for price recovery, investors should remain cautious of market volatility and economic factors that could impact the stock's performance.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the current pricing dynamics, REXR presents an interesting case for examination, particularly in light of its strong GF Score™ and favorable profitability and growth rankings.

How Does REXR's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 37.6x 48.3x Forward P/E 29.7x N/A The current P/E (TTM) of 37.6x is notably below its 5-year median P/E of 48.3x, indicating that REXR is trading at a lower valuation compared to its historical performance. Furthermore, the forward P/E of 29.7x reflects a potentially attractive valuation moving forward. This P/E analysis aligns with the GF Value™ verdict of being undervalued, reinforcing the notion that REXR may offer an attractive opportunity in a recovering market.

What Does REXR's GF Score™ Tell Us? Metric Rating GF Score™ 89 Financial Strength 5/10 Profitability 9/10 Growth 9/10 Valuation 8/10 Momentum 5/10 The GF Score™ of 89/100 indicates a strong investment profile, particularly in the areas of profitability and growth, both rated at 9/10. However, the financial strength rating of 5/10 suggests some areas of concern, potentially related to leverage or liquidity. The valuation score of 8/10 further supports the notion that the stock is undervalued, while the momentum score of 5/10 indicates mixed signals regarding recent price movements.

What Are Insiders Doing with REXR Stock? Recent insider activity regarding Rexford Industrial Realty Inc has shown a concerning trend, with insiders selling $2.0 million worth of shares over the past three months, without any reported purchases. This pattern may suggest a lack of confidence among insiders about the stock's short-term performance. While insider selling can sometimes indicate potential issues within the company, it is essential to consider broader market conditions and company fundamentals before drawing conclusions.

What This Means for Investors Based on the analysis of GF Value™, REXR appears to be undervalued at its current price of $34.99, presenting a potential opportunity for investors. However, the recent insider selling and mixed momentum signals warrant caution. Investors should weigh these factors carefully when considering their investment strategies.

For the complete analysis, visit the Rexford Industrial Realty Inc REXR stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is REXR's GF Score™?

REXR's GF Score™ is 89/100, indicating a strong potential for long-term returns based on key financial metrics.

Is REXR overvalued or undervalued?

REXR is currently undervalued, with a GF Value™ estimate of $42.98 compared to its current price of $34.99.

What is REXR's P/E ratio?

REXR's P/E (TTM) is 37.6x, which is below its 5-year median P/E of 48.3x, suggesting the stock is trading at a lower valuation historically.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Apple's (NASDAQ:AAPL | AAPL Price Prediction) stock hit a fresh all-time high around $317.40 in late May, then slid 7.82% in a week as investors digested

Apple revealed its AI-powered next chapter at WWDC 2026 — and not only were we there, we were part of it. Engadget executive editor Cherlynn Low joined Brenda Stolyar, senior staff writer at Wirecutter, Yahoo Finance tech editor Daniel Howley, and Judner Aura (@uravgconsumer) for a panel discussion on Apple's big plans for 2026 and beyond.

As OpenAI steers away from the consumer focus that made ChatGPT a household name, Google and Apple are rolling out a slew of new consumer AI offerings, trying to show how the technology can be practical for everyday users.

The opposing approaches were laid bare this week, as Apple used its annual developers conference to introduce Siri AI as a new stand-alone app, and OpenAI announced that it's confidentially filed to go public, a move made possible by its recent traction in the enterprise market, largely in AI-assisted coding.

The diverging tracks come at a pivotal moment in artificial intelligence, as OpenAI and Anthropic focus on building big — and eventually profitable — businesses by selling into enterprises that are eager to spend, rather than trying to lure paying consumers who are accustomed to free online services. Apple and Google, by contrast, have massive piles of cash and can afford to subsidize consumer use of AI if it means ramping up adoption and ensuring that coveted users stay in their ecosystem.

Gartner analyst Kjell Carlsson said that for Apple, it's a matter of, "I can give this away for free, because I'll make it up on the iPhones or iCloud subscription they'll be buying."

Apple says it has more than 2.5 billion active devices worldwide. Google currently has seven products that each serve more than 2 billion monthly users.

"Companies are realizing users get value from AI through these products, experiences, and the solutions that we build with them, not necessarily through the models or platforms," Carlsson said.

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While Apple is finally showing some progress in consumer AI, its Worldwide Developers Conference was widely viewed as underwhelming given how late the iPhone maker is to the game and how much anticipation there's been for an upgraded Siri. The stock dropped more than 5% over two days, as analysts questioned the lack of concrete timing and delays in certain parts of the world.

In addition to the new Siri app, Apple also showcased how AI is now being integrated in various products, such as the iPhone camera, email, and the Shortcuts automation and productivity app. The company also spent a good chunk of its keynote presentation on Monday showing new child safety tools, which are rapidly gaining importance as AI becomes ubiquitous.

Apple's annual event came less than a month after Google I/O, the search company's high-profile developers conference. There, Google showed off a number of consumer AI products such as Gemini Spark, which is a general-purpose AI agent, and information agents that the company says operate in the background in search and "will send you an intelligent, synthesized update, with the ability to take action."

Google also unveiled smart glasses, an effort to crack a corner of the wearables market where rival Meta has found success, and a video editing tool that lets users "change what's happening" in a clip they shoot.

Google and Apple are longtime rivals in consumer technology, but they're also partnering in AI. Gemini is powering Apple Intelligence, the technology behind the new Siri. And Apple executives said at WWDC that Google and chipmaker Nvidia are helping the company with its most advanced model, called Apple Foundation Model Cloud Pro.

Apple didn't provide a comment for this story. A Google spokesperson said that the consumer slant at I/O had to do with the nature of the event and that the company had hundreds of enterprise-focused announcements in April at its cloud conference.

'That's where we make profit'Almost all of OpenAI's announcements this year have been enterprise-driven, as the creator of ChatGPT and pioneer in generative AI now finds itself chasing Anthropic.

Anthropic, which was founded by early OpenAI researchers, was valued at $965 billion in its latest funding round in May, topping OpenAI's $852 billion valuation from March. Anthropic also beat OpenAI to the confidential initial public offering filing phase, disclosing its move a week before OpenAI did the same.

Last month, OpenAI announced the creation of OpenAI Deployment Co., or DeployCo, a joint venture majority owned and controlled by OpenAI alongside 19 global investment firms, consultancies and systems integrators. Its stated goal is to deploy "forward engineers" directly into corporations to bridge the gap between model capabilities and complex corporate workflows. OpenAI also agreed to acquire AI consulting and engineering firm Tomoro, which included 150 "deployment specialists."

Meanwhile, OpenAI has abandoned some consumer products as it tries to rightsize its financials. In March, the company shuttered its video generation tool Sora, which hit 1 million downloads less than five days after its launch in late September. The same month, OpenAI announced a pivot away from the Instant Checkout shopping feature it launched last year.

Denise Dresser, OpenAI's chief revenue officer, said last month that the company is at a "tipping point" in enterprise AI adoption, after CFO Sarah Friar said in March that enterprise was up to 40% of total revenue and would be at about half by the end of the year.

"If you look at the total value of software, the vast majority of it is business software," said Rob Collie, founder of consulting firm P3 Adaptive and a former business intelligence lead at Microsoft. "That's where we make profit. That's where productivity is worth paying for."

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OpenAI used the popularity of ChatGPT to build its brand. But the real money is currently being spent in the AI coding market, where developers and nontechnical people are using the company's Codex and Anthropic's Claude Code to write software and build apps based on text prompts.

"Enterprise buying cycles are complicated and coding is the easiest funnel for companies to get into since engineering teams are blowing their budgets," said Ram Bala, associate professor of AI and analytics at Santa Clara University.

OpenAI didn't provide a comment for this story.

One particular risk that Apple and Google face in targeting consumers is that AI skepticism is running hot, due to fears that it's rapidly replacing jobs and leading to troubling behavior among children and teens.

A Pew Research Center study published in March found that about half of Americans felt that AI in their daily lives made them "more concerned than excited." Alphabet CEO Sundar Pichai said in a recent episode of the "Hard Fork" podcast that people are "rightfully" anxious about what sort of future the technology will create, calling the scale of change unprecedented.

Collie of P3 Adaptive said a "backlash" is happening, but that companies "perceived as friendly" could benefit from changing the narrative.

With the entire tech industry almost singularly focused on AI and with Wall Street rewarding what it views as the AI winners and punishing the laggards, companies are investing as if the technology is inevitable and it's just a matter of who gets there first.

"They've all learned the hard way the cost of missing a segment," Collie said.

Gil Luria, a tech analyst at D.A. Davidson, said that even with OpenAI's race to capture the enterprise, the company still has a big lead over Google and others in the consumer market because of the viral success of ChatGPT. He said Apple's rollout of a Siri app "could very well attract a lot of consumers away from both ChatGPT and Gemini."

And analysts at JPMorgan Chase wrote in a note on Tuesday that Apple's addition of expressive voices in Siri "could set up for a device upgrade cycle if these features gain strong consumer traction."

Apple still has a lot to prove, and that task is soon to fall in the hands of incoming CEO John Ternus, the company's longtime hardware boss who's succeeding Tim Cook at the helm in September.

Matt Rogers, co-founder of Nest and a former iPhone engineer under Steve Jobs, said Ternus has a high hill to climb.

"Apple played it safe," said Rogers, who's now CEO of waste prevention company Mill, regarding the WWDC announcements. "As John Ternus takes over, he needs to steer the company towards making AI useful, trusted, and native across the devices people already live with."

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The real story for Apple (AAPL) is its push in AI, says Brian Mulberry. The Mag 7 giant's Siri upgrade is something he sees offering high margin opportunity for future profits.

Two years ago, Apple announced it was getting into the AI game, with a big new Siri update. That update never showed up.

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Apple's artificial intelligence (AI) ambitions are colliding with a costly memory crunch.

Meta Platforms (META, Financials) has reportedly started unwinding its $2 billion acquisition of Manus after Chinese regulators ordered the deal to be reversed.

According to Bloomberg, Meta has separated operations from Manus, stopped employees from using Manus tools for internal work and blocked Manus staff from accessing Meta's internal data systems.

The move shows how difficult cross-border AI deals are becoming as the U.S. and China compete over technology, data and talent. Beijing appears determined to keep closer control over strategic AI assets, even when companies relocate outside mainland China.

For Meta, the unwind creates another complication in its AI strategy. The company has been spending heavily to strengthen its AI tools, infrastructure and talent base, but this deal now looks caught in a bigger geopolitical fight.

For investors, the key issue is not just the $2 billion price tag. It is whether tighter China rules make future AI acquisitions harder for large U.S. technology companies.

Facebook-parent Meta said on Friday that users were ​having trouble accessing the social ‌media company's services.

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Users are reporting problems with the Meta social media apps.

SpaceX (SPCX) is finally off to the races and publicly trading after its historic IPO on Friday, June 12. Nasdaq (NDAQ) President Nelson Griggs sits down with Market Catalysts Host Julie Hyman and Yahoo Finance Executive Editor Brian Sozzi to discuss the lessons his company has learned from Facebook's — now Meta Platforms (META) — own IPO in 2012.

Meta ‌CEO Mark Zuckerberg ​has ​said that ⁠the ​social media ​giant has made ​mistakes ​on its AI ‌transformation, ⁠in an internal ​memo ​seen ⁠by Reuters.

Tesla, Inc. is transforming into an AI company, with its AI6 chip aiming to deliver record intelligence per silicon wafer at lower costs. TSLA's custom chips, optimized for internal use, could significantly reduce compute costs and improve margins across robotaxi, Optimus, and FSD businesses. Tesla is building excess chip capacity to supply data centers, with SpaceX and xAI as immediate captive markets, potentially unlocking new revenue streams.

Tesla (TSLA) shares fell on Friday as SpaceX made its stock market debut at $150 per share, fueling speculation among some investors that capital may be rotating from Tesla into SpaceX. Tesla stock was down by about 2.36% in late morning trading, after spending much of the morning swinging between mild gains and losses.

© Robert Way / iStock Editorial via Getty Images

Tesla (NASDAQ: TSLA | TSLA Price Prediction) and BYD (OTC: BYDDF) sit on opposite sides of the global EV map. Tesla’s Q1 2026 report delivered a margin rebound and another lift in AI subscriptions.

BYD, the Shenzhen volume leader, is being repositioned by Beijing’s anti-involution campaign aimed at consolidating EV winners. Both names have slid this year, making the matchup worth a fresh look in June.

Tesla’s Margin Snapback Meets BYD’s Policy Tailwind Tesla reported Q1 2026 revenue of $22.387 billion, up 15.78% year over year, with non-GAAP EPS of $0.41 beating consensus by 14.14%. Automotive gross margin expanded to 21.1% from 16.2% a year ago, helped by lower material costs, higher average selling prices, and a one-time warranty and tariff benefit.

Free cash flow jumped 117.47% to $1.444 billion, and cash sits at $44.743 billion. FSD active subscriptions hit 1.28 million, up 51%, turning software into a real recurring line.

The quarter had blemishes. Energy storage revenue fell 12% YoY, operating expenses jumped 37% on AI spending and the CEO equity award, and global inventory crept to 27 days from 22. Deliveries grew just 6%, so unit demand remains middling.

Business Driver Tesla BYD Q1 Auto Gross Margin 21.1% Not disclosed in available data Core Growth Engine FSD, premium models, AI hardware Mass-market EVs, PHEVs, batteries Management Focus Optimus, Cybercab, robotaxi rollout Scale, exports, policy alignment BYD enters the second half of 2026 positioned differently. Morningstar’s 2026 outlook names BYD as a likely beneficiary of China’s anti-involution policies, which shift capacity toward the largest and most profitable EV players. BYD shares are down 36.13% over the last 12 months, signaling investors are not yet convinced policy support translates into earnings.

Vertical Stack Versus Vertical Scale Tesla is funding a full vertical AI stack: FSD v14.3 cut inference latency by 20%, the AI5 chip taped out in April, and a SpaceX-partnered semiconductor fab is going up at Gigafactory Texas.

Cybercab, Tesla Semi, and Megapack 3 are all penciled for volume production this year. R&D climbed to $1.95 billion, a hefty bill for an automaker, modest for an AI platform. BYD owns the cell, pack, powertrain, and assembly line at the lowest cost in the industry.

Tesla chases margin through software. BYD chases share through affordability and a widening export footprint into Europe, LATAM, and Southeast Asia. Beijing’s intervention may let BYD convert that scale into pricing power.

What I Want to See Next For Tesla, Q2 deliveries are the next swing factor. Polymarket traders assign the highest probability, 35.8%, to a 450,000 to 475,000 vehicle range, with a California robotaxi launch priced at just 4% by June 30. I will watch whether FSD subscriptions keep compounding and whether the energy storage dip was a single-quarter blip.

For BYD, the read is whether policy reform lifts realized prices and whether export volumes keep climbing. Without fresh H1 results, I treat the BYD thesis as a working hypothesis rather than a confirmed setup.

Why I Lean Tesla on Quality, BYD on Value Tesla offers the cleaner, freshly confirmed quarter. Margin recovery, surging FSD attach, and an AI optionality stack hard to replicate argue for the Austin name. A trailing P/E near 371 on a $1.49 trillion market cap leaves little margin for error, especially with shares down 15.15% YTD and down 9.94% in the past week.

If you believe Chinese policy reform rewards the dominant EV maker, BYD at $11.05 after that drawdown offers more interesting risk-reward. I lean Tesla for execution clarity, though a pullback closer to its 52-week low of $288.77 would offer a more favorable entry profile. In June, neither looks like a layup.

SpaceX just rewrote the IPO record book. The company sold more than 555 million shares at $135 each, raising $75 billion and landing a valuation of nearly $1.8 trillion.

'The Big Money Show' panel discusses SpaceX's historic IPO, Elon Musk's soaring valuation and whether investors should buy into the aerospace giant's blockbuster market debut.

© Win McNamee / Getty Images News via Getty Images

Tesla (NASDAQ:TSLA | TSLA Price Prediction) CEO Elon Musk made history earlier today by reportedly becoming the world’s first trillionaire, fueled largely by SpaceX‘s (NASDAQ:SPCX) blockbuster NASDAQ debut. Yet, Tesla stock is barely budging on the news, trading near $403 and up 1% in midday action on Friday.

The disconnect is hard to ignore. Musk’s combined SpaceX and Tesla stakes are now worth around $1.147 trillion, but Tesla stock is down 11% in 2026 while the broader market has rallied. That gap is the central question driving today’s debate over whether TSLA shares have quietly turned into dead weight in growth portfolios.

For context, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), which tracks the S&P 500, is up 9% year to date, leaving Tesla stock roughly 20 percentage points behind the index. Investors who held through 2025 aren’t panicking yet, though. Over the trailing 12 months, Tesla stock is still up 26%, so this is specifically a 2026 underperformance story.

Musk’s Trillionaire Day Highlights the Tesla Disconnect The irony is hard to miss. SpaceX priced its IPO at $135, opened at $150, and soared as much as 30% on Friday, instantly minting Musk’s trillionaire status. Meanwhile, Tesla stock has spent 2026 grinding sideways to lower.

Part of the issue is sentiment. Reddit discussion in fundamental investing communities like r/stocks and r/stockmarket has skewed bearish, with a viral post titled “Elon Musk wants to merge SpaceX and Tesla into a $3.4 trillion giant. The problem: it would lose money from day one” drawing heavy engagement.

The prediction markets echo that skepticism about Tesla’s standalone value. Polymarket traders assign a 93% probability that SpaceX will be worth more than Tesla by June 30, a striking reversal in how investors rank Musk’s two flagship ventures.

The Bear Case: Why TSLA Stock Could Be Dead Weight The bear thesis on Tesla stock starts with its valuation. TSLA shares trade at a trailing P/E ratio of 370x and a forward P/E ratio of 192x, multiples that demand flawless execution.

Tesla’s recent results show why some investors are uneasy. The company’s energy generation and storage revenue declined 12% year over year in Q1 2026, while Tesla’s global vehicle inventory rose to 27 days of supply from 22 days. Furthermore, Tesla booked $222 million in digital asset losses during the quarter.

The prediction markets also throw cold water on the near-term catalyst narrative for Tesla stock. Polymarket gives only a 5% probability that Tesla launches robotaxis in California by June 30, and just 17% odds that Optimus is released by year-end 2026.

The Bull Case: Tesla Is Still Executing The other side of the Tesla story is genuinely strong. Q1 2026 revenue grew 16% year over year to $22.39 billion, and automotive gross margin expanded to 21% from 16%.

Tesla’s software momentum is real, too. Active Full Self-Driving subscriptions hit 1.28 million, up 51% year over year, and Services and Other revenue jumped 42% to $3.75 billion. Tesla also grew free cash flow 117% year over year to $1.44 billion.

Analyst sentiment remains constructive on balance. The consensus analyst TSLA stock price target sits at $420, with 18 Buy and 5 Strong Buy ratings against 4 Sell and 3 Strong Sell calls.

What to Watch Next So, is Tesla stock dead weight? The honest answer is that it depends on one’s time frame and patience level. The 2026 underperformance is real, the valuation is stretched, and Musk’s attention may genuinely be split between SpaceX, xAI, and Tesla.

However, Tesla’s core business is still growing, FSD adoption is accelerating, and the company sits on $44.74 billion in cash. Investors weighing their exposure may want to size their positions modestly here rather than chase or capitulate.

The next anticipated checkpoint is Tesla’s Q2 2026 deliveries, where prediction markets center on a 450,000 to 475,000 vehicle range at 35% probability. That print could decide whether TSLA shares finally rejoin the broader market rally or keep dragging behind it.

As Elon Musk is poised to be crowned the world's first trillionaire, Bloomberg's Max Chafkin and Ed Ludlow break down Musk's growing control of SpaceX, the possibility of a Tesla, SpaceX merger, and why investors will follow Musk to the Moon, despite mounting questions about governance and execution. -------- More on Bloomberg Television and Markets Like this video?

SpaceX, AI infrastructure, data centers, Starlink, satellites, Mars, and artificial intelligence are becoming increasingly connected. Jared Blikre speaks with Xplore COO Lisa Rich about why investors may be underestimating SpaceX's AI ambitions, how data centers in space could become reality, and what the next decade could look like for the space economy.

Shares of Coca-Cola (KO +0.11%) rose on Friday as investors rotated into low-risk stocks.

Image source: Getty Images.

Traders are bailing out of tech stocks The artificial intelligence (AI)-fueled rally in technology stocks may be a bit stretched.

After a few words from Nvidia CEO were enough to send a mega-cap stock like Marvell Technology up over 30% in a day, astute investors began to question whether AI mania was nearing a near-term peak.

With the Nasdaq Composite down more than 4% as of 3:33 p.m. ET on Friday, we may be getting our answer.

What triggered the sell-off in tech stocks? Any number of factors could have sparked the decline. Here are two that stand out.

On Monday, Alphabet's $80 billion share sale announcement reminded investors that the AI build-out comes at a staggering cost.

And on Wednesday, Broadcom's financial results showed that even the top AI chipmaker's revenue could fall short of Wall Street's lofty expectations.

When AI market leaders and former highfliers began to pull back, many traders headed for the exits.

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Shelter from the storm Coca-Cola's stock price, in contrast, is up more than 4%. Investors' appreciation of battle-tested business models with little exposure to AI disruption is rising. That's putting the beverage giant and dividend stalwart back on their radars.

During a consumer conference on Thursday, chief financial officer John Murphy said Coca-Cola was working to make its drinks more affordable for budget-strained shoppers. The purveyor of soda, juice, tea, coffee, and bottled water is experimenting with can sizes, price points, and single-serve options to appeal to a wide range of customers at different income levels.

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Broadcom, Marvell Technology, and Nvidia. The Motley Fool has a disclosure policy.

Coca-Cola (NYSE:KO | KO Price Prediction) is a stock built to be owned for decades, because its global brand moat, pricing power, and 63-going-on-64 year record of dividend hikes make it one of the few equities a retirement investor can hold without ever needing to watch the screen.