01:25 AM EDT, 07/18/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month target price of $40, applying a forward P/FFO multiple of 15.5x on our 2026 FFO estimate, a discount to its three-year forward average of 22.5x and industrial peer average of 16.4x. We keep our 2025 FFO estimate and increase 2026's by $0.05 to $2.58. We continue to see headwinds in leasing as tenants remain concerned on the impact of tariffs. Management believes this is delaying near-term tenant decision making while also leading to further declines in rental growth Q/Q in Southern California. REXR continues to see stability in the sub-50K sq ft properties (average tenant is 26K) with larger spaces facing weaker leasing demand. We note that REXR's expected stabilized yields have fallen 50 bps Q/Q on new development projects, but management still sees 19% incremental returns on invested capital. We believe REXR's valuation discount creates a buying opportunity as the Southern California in-fill market vacancy rates normalize and rental growth returns to this supply constrained area.