Investing.com - Rexford Inl Rty reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Rexford Inl Rty announced earnings per share of $0.50 on revenue of $162.75. Analysts polled by Investing.com anticipated EPS of $0.22 on revenue of $159.78M.
Rexford Inl Rty shares are down 22% from the beginning of the year and are trading at $51.32 , down-from-52-week-high.
Rexford Inl Rty follows other major Real Estate sector earnings this month
Rexford Inl Rty's report follows an earnings beat by Prologis on Wednesday, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
Crown Castle had missed expectations on Wednesday with third quarter EPS of $0.97 on revenue of $1.57B, compared to forecast for EPS of $0.98 on revenue of $1.73B.
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