This Industrial REIT Is Living the California Dream
Rexford Industrial (NYSE: REXR) is an industrial real estate investment trust (REIT), but it looks at this broad market in a very specific way, geographically speaking. Not only does it focus on a single state, California, but it is even more focused on a single area within that state -- Southern California.
That focus has worked out very well so far for Rexford, and there's no sign that the positive trends are going to change.
Industrial real estate really encompasses two broad types of property: factories and warehouses. Both are vital to the ebb and flow of global trade. The recent uptick in interest in industrial-focused REITs is at least partly driven by the supply chain issues created by the coronavirus pandemic and supply chain integrity issues driven by geopolitical conflict. While manufacturing assets can be located just about anywhere, warehouses are often highly concentrated around transportation hubs, like ports.
Source Fool.com
