Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Pb Multiple | 1.7x - 1.8x | 1.7x |
| Historical Pb Multiple | 1.7x - 3.9x | 2.3x |
| Fair Value | $96.27 - $106.40 | $101.34 |
| Upside | -2.2% - 8.0% | 2.9% |
| Benchmarks | - | Full Ticker |
| Rexford Industrial Realty, Inc. | - | NYSE:REXR |
| Industrial Logistics Properties Trust | - | NasdaqGS:ILPT |
| Terreno Realty Corporation | - | NYSE:TRNO |
| LXP Industrial Trust | - | NYSE:LXP |
| First Industrial Realty Trust, Inc. | - | NYSE:FR |
| Prologis, Inc. | - | NYSE:PLD |
| Select Price / Book Ratio | ||||||||
| Benchmark Companies | ||||||||
| REXR | ILPT | TRNO | LXP | FR | PLD | |||
| NYSE:REXR | NasdaqGS:ILPT | NYSE:TRNO | NYSE:LXP | NYSE:FR | NYSE:PLD | |||
| Historical Net Income Growth | ||||||||
| 5Y CAGR | 39.1% | NM- | 27.2% | -32.6% | 3.8% | 18.9% | ||
| 3Y CAGR | 33.0% | NM- | 28.3% | -53.4% | 2.0% | 8.3% | ||
| Latest Twelve Months | 15.6% | 11.4% | 21.9% | 58.9% | 4.6% | 22.0% | ||
| Historical Net Income Profit Margin | ||||||||
| 5 Year Average Margin | 28.8% | -8.5% | 47.8% | 52.9% | 54.2% | 47.1% | ||
| Prior Fiscal Year | 28.5% | -24.7% | 46.6% | 7.0% | 44.4% | 36.7% | ||
| Latest Fiscal Year | 28.1% | -21.6% | 48.0% | 10.6% | 42.7% | 43.5% | ||
| Latest Twelve Months | 28.1% | -21.6% | 48.0% | 10.6% | 42.7% | 43.5% | ||
| Return on Equity | ||||||||
| 5 Year Average Margin | 2.9% | -5.4% | 5.8% | 9.0% | 12.9% | 7.0% | ||
| Prior Fiscal Year | 3.2% | -14.8% | 5.9% | 1.1% | 10.9% | 5.7% | ||
| Latest Twelve Months | 3.3% | -15.5% | 5.6% | 1.8% | 11.0% | 7.0% | ||
| Next Fiscal Year | 3.4% | -20.1% | 4.3% | -1.0% | 7.8% | 4.7% | ||
| Two Fiscal Years Forward | 3.9% | -19.5% | 4.7% | -0.2% | 8.7% | 5.6% | ||
| Current Trading Multiples | ||||||||
| Price / LTM Sales | 8.2x | 0.4x | 15.0x | 6.4x | 9.5x | 10.8x | ||
| Price / LTM EPS | 28.2x | -1.8x | 31.2x | 60.1x | 21.7x | 24.5x | ||
| Price / Book | 0.9x | 0.3x | 1.6x | 1.1x | 2.4x | 1.7x | ||
| Price / Fwd Book | 0.9x | 0.4x | 1.6x | 1.2x | 2.3x | 1.7x | ||
| Low | Mid | High | ||||||
| Benchmark P/B Ratio | 0.3x | 1.1x | 2.4x | |||||
| Historical P/B Ratio | 1.7x | 2.3x | 3.9x | |||||
| Selected P/B Multiple | 1.7x | 1.7x | 1.8x | |||||
| (x) Book Value | 53,887 | 53,887 | 53,887 | |||||
| Equity Value | |||||||
| Benchmark Companies | |||||||
| (in millions) | REXR | ILPT | TRNO | LXP | FR | PLD | |
| Value of Common Equity | 7,409 | 170 | 5,752 | 2,274 | 6,170 | 91,289 | |
| (/) Shares Outstanding | 227.5 | 66.1 | 103.0 | 295.7 | 132.4 | 927.0 | |
| Implied Stock Price | 32.56 | 2.57 | 55.83 | 7.69 | 46.60 | 98.48 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 32.56 | 2.57 | 55.83 | 7.69 | 46.60 | 98.48 | |
| Trading Currency | USD | USD | USD | USD | USD | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |