Latest news with #Rexford
Yahoo
14-06-2025
- Business
- Yahoo
1 Magnificent High-Yield Stock Down 55% to Buy and Hold Forever
Investors have put industrial REITs in the doghouse. Many investors are focused on industry giant Prologis, which is down 35% and yielding 3.7%. This lesser-known industrial REIT's business is strongly positioned, the stock is down 55%, and the shares are yielding 4.7%. 10 stocks we like better than Prologis › Headline-grabbing news events often push investors into emotional investing decisions. That's exactly what is taking place today with regard to tariffs. The investor reaction to tariffs has pushed industry-leading industrial real estate investment trust (REIT) Prologis (NYSE: PLD) down 35% from its 2022 highs and led to an attractive yield of 3.7%. You can do even better, collecting a 4.7% yield, with this well-positioned industrial REIT that is down 55%. Here's what you need to know. Prologis is an industrial REIT giant, with operations across North America, South America, Europe, and Asia. It owns 5,900 buildings containing 1.3 billion square feet of space. But the key part of the story is where its buildings are located. Prologis has assets in just about every major transportation hub in the world, serving 6,500 customers looking to import and export goods. This is a huge business strength, but right now it is seen as a huge negative. That's because U.S. tariffs have upended international trade norms. That's pushed Prologis' stock price down and its yield up. This is definitely a short-term disruption, but it seems unlikely to become a permanent negative. The world is so interconnected today that the more likely outcome is that trade patterns shift and Prologis' diverse portfolio of assets is still highly valuable. Prologis is, indeed, an attractive dividend investment opportunity today. And yet there's an even more interesting story to be told with Rexford Industrial Realty (NYSE: REXR). Like Prologis, Rexford owns industrial assets that are vital to international trade. The most important difference between the two REITs is that Rexford is focused on just one single market, Southern California. It owns 424 properties with 51 million square feet of space in them. The key here is that Southern California is the major gateway for Asian goods entering the U.S. market (and vice versa). That, of course, is the problem, given the high-profile tariff fight between the United States and China. The near-term uncertainty has led investors to abandon Rexford. But, like Prologis, it seems more likely that international trade will adjust to a new normal than stop entirely. That alone makes Rexford's lofty 4.7% dividend yield attractive, but there's more. Southern California is a supply-constrained market. That gives Rexford a strong negotiating position when signing leases. Rexford is also a skilled redeveloper, frequently buying older assets and upgrading them so that they are more modern and desirable. That also helps its ability to raise rents. To be fair, the highly concentrated nature of Rexford's business does make it riskier than more diversified Prologis. But unless you believe international trade is going to stop, Rexford should come out the other side of the current uncertainty in a strong position. Oftentimes the best opportunities to buy a well-run company arise when Wall Street is overly pessimistic. The key is to figure out if the worry is about something that will linger or something that is likely to be temporary. The upheaval in international trade seems like a temporary issue, given how interconnected the world is today. For more conservative investors that could make Prologis an attractive option, while more aggressive investors will probably prefer higher-yielding Rexford industrial. And if you do buy one of these high-yield industrial REITs you'll probably end up owning it for the long term. Before you buy stock in Prologis, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Prologis wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $655,255!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $888,780!* Now, it's worth noting Stock Advisor's total average return is 999% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Prologis. The Motley Fool recommends the following options: long January 2026 $90 calls on Prologis. The Motley Fool has a disclosure policy. 1 Magnificent High-Yield Stock Down 55% to Buy and Hold Forever was originally published by The Motley Fool Sign in to access your portfolio
Scoop
31-05-2025
- Politics
- Scoop
Central Honiara Constituency Gives Back Over $500K Funding To Churches, Promotes Transparency
Press Release – Solomon Islands MRD This initiative was made possible through the SIG Church Grants arrangement for church organizations under the Ministry of Traditional Governance and Ecclesiastical Affairs (MTGEA) and the Ministry of Rural Development (MRD), under the Constituency Development … The Central Honiara Constituency (CHC) office on May 17, 2025, commenced the rollout of its $546,323.76 funding support program to 42 churches in the constituency. To date, 18 of the 42 churches have received their financial support in the form of tithes and offerings, with others scheduled to receive theirs throughout this week and next week, once the constituency office receives their bank details. This initiative was made possible through the Solomon Islands Government (SIG) Church Grants arrangement for church organizations under the Ministry of Traditional Governance and Ecclesiastical Affairs (MTGEA) and the Ministry of Rural Development (MRD), under the Constituency Development Funds (CDF) program. Half of the funding came from the Church Grants, while the remaining amount was allocated from the CDF under the CHC's 2024 budget. A ceremony to kick off the program's implementation was held at Holy Cross Cathedral on Saturday, May 17, 2025, in the presence of media and the public. Having the media and the public witness the disbursement is part of the constituency office's ongoing commitment to transparency and accountability, under the esteemed leadership of Honourable Gordon Darcy Lilo, in line with the new CDF Act 2023. Earlier this month, CHC also delivered two buses to Mataniko Pikinini Clinic and Mbokonavera Clinic to support healthcare services for both health workers and patients within the constituency. Constituency Development Officer (CDO) Paul Rexford stated that MP Lilo and the constituency office are pleased to facilitate support to the churches. 'Giving back to churches what is due to them is important to ensure they can support their operations and outreach programs to spread the gospel of our Lord and Savior to our people,' he said. He added that CHC, under MP Lilo's guidance, has decided that before delivering other projects, the primary focus is to prioritize Community first—by supporting the churches first. 'Despite Central Honiara having the largest number of registered voters—over 17,000 in the last election—we continue to see it as both fitting and important to give back to these churches through their tithes and offerings. This is to ensure the work of our Lord Jesus Christ continues in this country,' CDO Rexford emphasized. 'As the CDO for CHC, I am humbled and pleased to see church leader's express gratitude and delight for the support provided by the CHC, made possible through the national government via the constituency office. '…As Christians, let us all pray for each other, pray for our constituency and country, and work together as a team for the betterment of CHC and our nation,' Mr. Rexford urged. He also noted that similar support was provided last year through Hon. Gordon Darcy Lilo's discretionary fund. 'For 2025, this marks the first time the CHC team has facilitated support through the Church Grant and CDF especially for churches,' he said. 'Under the payout, smaller churches received $10,098.80, while bigger churches—such as Holy Cross Cathedral, Central SSEC, St. Barnabas Cathedral, and Wesley United—received amounts exceeding $10,000,'Mr. Rexford said. Church leaders who attended the ceremony expressed profound gratitude to the government, Hon. Lilo, and the CHC officers for their generous support and commendable efforts for the constituents of CHC. 'This is the first of its kind. It has never happened before. Your wisdom in recognizing churches from all denominations, big and small, is laudable and praiseworthy. Thank you, Hon. Lilo, for your leadership,' the church leaders stated. One church pastor illustrated this with the parable of the ten lepers in Luke 17:11-19, where Jesus healed ten men with leprosy, but only one returned to thank Him (Lord). 'CHC is like the one who returned to thank Jesus. CHC has come back to give support to its constituents and churches through these tithes and offerings,' Mr. Rexford quoted the pastor. The church leaders assured that churches will continue to pray for the government, CHC constituents, Hon. Lilo, and his officers as they continue serving His people.
Scoop
31-05-2025
- Politics
- Scoop
Central Honiara Constituency Gives Back Over $500K Funding To Churches, Promotes Transparency
Press Release – Solomon Islands MRD This initiative was made possible through the SIG Church Grants arrangement for church organizations under the Ministry of Traditional Governance and Ecclesiastical Affairs (MTGEA) and the Ministry of Rural Development (MRD), under the Constituency Development … The Central Honiara Constituency (CHC) office on May 17, 2025, commenced the rollout of its $546,323.76 funding support program to 42 churches in the constituency. To date, 18 of the 42 churches have received their financial support in the form of tithes and offerings, with others scheduled to receive theirs throughout this week and next week, once the constituency office receives their bank details. This initiative was made possible through the Solomon Islands Government (SIG) Church Grants arrangement for church organizations under the Ministry of Traditional Governance and Ecclesiastical Affairs (MTGEA) and the Ministry of Rural Development (MRD), under the Constituency Development Funds (CDF) program. Half of the funding came from the Church Grants, while the remaining amount was allocated from the CDF under the CHC's 2024 budget. A ceremony to kick off the program's implementation was held at Holy Cross Cathedral on Saturday, May 17, 2025, in the presence of media and the public. Having the media and the public witness the disbursement is part of the constituency office's ongoing commitment to transparency and accountability, under the esteemed leadership of Honourable Gordon Darcy Lilo, in line with the new CDF Act 2023. Earlier this month, CHC also delivered two buses to Mataniko Pikinini Clinic and Mbokonavera Clinic to support healthcare services for both health workers and patients within the constituency. Constituency Development Officer (CDO) Paul Rexford stated that MP Lilo and the constituency office are pleased to facilitate support to the churches. 'Giving back to churches what is due to them is important to ensure they can support their operations and outreach programs to spread the gospel of our Lord and Savior to our people,' he said. He added that CHC, under MP Lilo's guidance, has decided that before delivering other projects, the primary focus is to prioritize Community first—by supporting the churches first. 'Despite Central Honiara having the largest number of registered voters—over 17,000 in the last election—we continue to see it as both fitting and important to give back to these churches through their tithes and offerings. This is to ensure the work of our Lord Jesus Christ continues in this country,' CDO Rexford emphasized. 'As the CDO for CHC, I am humbled and pleased to see church leader's express gratitude and delight for the support provided by the CHC, made possible through the national government via the constituency office. '…As Christians, let us all pray for each other, pray for our constituency and country, and work together as a team for the betterment of CHC and our nation,' Mr. Rexford urged. He also noted that similar support was provided last year through Hon. Gordon Darcy Lilo's discretionary fund. 'For 2025, this marks the first time the CHC team has facilitated support through the Church Grant and CDF especially for churches,' he said. 'Under the payout, smaller churches received $10,098.80, while bigger churches—such as Holy Cross Cathedral, Central SSEC, St. Barnabas Cathedral, and Wesley United—received amounts exceeding $10,000,'Mr. Rexford said. Church leaders who attended the ceremony expressed profound gratitude to the government, Hon. Lilo, and the CHC officers for their generous support and commendable efforts for the constituents of CHC. 'This is the first of its kind. It has never happened before. Your wisdom in recognizing churches from all denominations, big and small, is laudable and praiseworthy. Thank you, Hon. Lilo, for your leadership,' the church leaders stated. One church pastor illustrated this with the parable of the ten lepers in Luke 17:11-19, where Jesus healed ten men with leprosy, but only one returned to thank Him (Lord). 'CHC is like the one who returned to thank Jesus. CHC has come back to give support to its constituents and churches through these tithes and offerings,' Mr. Rexford quoted the pastor. The church leaders assured that churches will continue to pray for the government, CHC constituents, Hon. Lilo, and his officers as they continue serving His people.
Yahoo
05-05-2025
- Business
- Yahoo
Why Rexford Industrial Realty Stock Slumped 12.4% in April
Tariffs caused increased uncertainty and volatility last month. They've slowed demand for warehouse space. Rexford believes it's still in a strong position for the medium and long term. Shares of Rexford Industrial Realty (NYSE: REXR) tumbled 12.4% in April, according to data from S&P Global Market Intelligence. Weighing on the real estate investment trust (REIT) was tariff-driven volatility in the market and its first-quarter financial results. Last month, the Trump administration surprised the market by launching unexpectedly high reciprocal tariffs on global trading partners to help rebalance trade. They caused significant market volatility as stock prices tumbled and Treasury bond yields soared, the latter of which can have a significant impact on the value of commercial real estate. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Tariffs could also affect demand for industrial real estate, especially in Southern California, where Rexford focuses. It could cause imports to decline, which could reduce demand for warehouse space. Tariffs could also cause a recession, which could also affect demand. Those headwinds could further affect what has already been a soft market. Rents for warehouse space in Southern California declined by 2.8% in the first quarter and have fallen 9.4% over the past year. However, that was mainly due to an excess supply of large properties -- that is, those exceeing 100,000 square feet. Rexford focuses on owning smaller properties of less than 50,000 square feet, which have seen more resilient demand. As a result, the spread it captured between rents on expiring leases and new ones signed during the quarter was up 14.7% on a cash basis. That's a 20.2% increase for renewal leases against a 5.4% decline for leases with new tenants. Tariffs have caused some additional slowdown in leasing activity during the early part of the second quarter as tenants defer making leasing decisions because of increased economic uncertainty. The company's vacancy rate could tick up in the near term, and rents might not rise as much as anticipated. Although there's a lot of uncertainty in the near term, Rexford Industrial believes it's in a strong position for the medium and long term. The company owns a high-quality portfolio in Southern California, where there's a long-term imbalance between demand for space and supply, which should make its portfolio even more valuable in the future. Furthermore, its properties primarily serve regional consumption, not global trade. That drives its view that rents should rise in the coming years. Rexford currently expects that embedded annual rent escalations, securing higher market rents as legacy leases expire, and its current slate of repositioning and redevelopment projects will grow its net operating income by 40% over the next few years. Meanwhile, there's additional upside potential from acquisitions, improving market conditions, and new redevelopment/repositioning projects. That should enable the REIT to continue increasing its high-yielding dividend, which got up to 5% after last month's slump. That combination of income and growth could help the REIT to produce strong total returns over the coming years, making it look like a compelling buy following last month's performance. Before you buy stock in Rexford Industrial Realty, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rexford Industrial Realty wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $623,685!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $701,781!* Now, it's worth noting Stock Advisor's total average return is 906% — a market-crushing outperformance compared to 164% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Matt DiLallo has positions in Rexford Industrial Realty. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Rexford Industrial Realty Stock Slumped 12.4% in April was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
26-04-2025
- Business
- Yahoo
The Best REIT Stocks to Invest $1,000 in Right Now
Real estate is the oldest asset class in the book -- it's timeless. But most individual investors lack the connections, knowledge, and financial resources to invest in commercial properties. That's where real estate investment trusts (REITs) come in. These publicly traded companies acquire and lease real estate. They distribute at least 90% of their taxable income to shareholders as nonqualified dividends. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » It makes REITs fantastic choices for dividend investors. Here are three world-class REITs covering three different types of real estate. Their strong financials, resilient dividend history, and attractive valuations make them the best REITs to invest $1,000 in today. Many dividend investors know Realty Income (NYSE: O) as the "monthly dividend company" because it pays out monthly dividends rather than the quarterly schedule most companies follow. Realty Income owns and manages a portfolio of over 15,000 properties across the United States and Europe, specializing in net leases on single-tenant retail properties, including restaurants, stores, gyms, pharmacies, and other retail establishments. High interest rates in recent years have bogged down Realty Income's stock, driving its dividend yield to about 5.5%, near decade highs. Don't worry, though; the dividend payout ratio is only 76% of Realty Income's 2024 funds from operations (FFO), and the company has paid and raised its dividend for 32 consecutive years. The business has grown at a mid-single-digit pace over the long term. If that continues, Realty Income could be a sneakily productive long-term holding for those willing to reinvest the dividends over time. The stock trades at 14 times its FFO, a nice value for one of the market's most dependable REITs. California has a massive economy and industrial base. If it were a country, California would have the world's 11th-largest economy. Rexford Industrial Realty (NYSE: REXR) owns and manages a portfolio of over 400 industrial properties concentrated in Southern California. Its properties house manufacturing, warehousing, distribution, and research and development for tenants across dozens of industries. Rexford Industrial Realty's dividend yield has reached 5.3%, its highest on record. Abnormally high yields can be a red flag, but this appears more like an opportunity, as Rexford Industrial Realty's FFO comfortably covers the dividend at a 73% payout ratio. The company has managed to raise its dividend every year since its initial public offering in 2014, including during the COVID-19 pandemic. The company has grown its FFO by 16% annually over the last five years. It's hard not to like Rexford here, trading at just over 14 times its FFO. Investors get a great mix of growth and dividend yield. Additionally, developable land is scarce in Southern California, so Rexford Industrial Realty is likely to continue enjoying pricing power as one of the region's most prominent real estate players. E-commerce is one of the most significant growth trends in the economy. Prologis (NYSE: PLD) is capitalizing on it. The company develops, leases, and, in some cases, operates properties for supply chain and logistics purposes worldwide. Prologis' top tenants include Amazon, Home Depot, FedEx, and United Parcel Service (UPS), among others. Its properties often sit in key strategic locations near major transportation hubs. Management estimates that nearly 3% of global GDP (the economic value of goods and services) passes through its properties. Prologis is another REIT with a high initial dividend yield, coupled with strong growth. The stock yields 4%, while Prologis has grown its FFO by 12% annually over the past five years. Management has raised the dividend for 11 consecutive years, with an average annual increase of 13% over the past five years. Its payout ratio remains modest at 72% of 2024 FFO, and the company has an "A" credit rating from S&P Global, a high mark for a REIT. These are rock-solid financials investors can trust. Meanwhile, the company should continue to grow at a solid pace. New construction for supply chain properties has dropped amid higher interest rates. Therefore, Prologis should continue to enjoy strong demand for its properties amid continued growth in e-commerce, which still accounts for only 16% of total retail spending in the United States. The stock isn't a bargain at over 18 times FFO, but it's a reasonable valuation for a REIT with such durable growth prospects. Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Realty Income wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $594,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $680,390!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, FedEx, Home Depot, Prologis, Realty Income, and S&P Global. The Motley Fool recommends United Parcel Service and recommends the following options: long January 2026 $90 calls on Prologis. The Motley Fool has a disclosure policy. The Best REIT Stocks to Invest $1,000 in Right Now was originally published by The Motley Fool Sign in to access your portfolio
