This Small Dividend Stock Has a $200 Million-Plus Secret Weapon
Rexford Industrial (NYSE: REXR) isn't a household name even in the real estate investment trust (REIT) sector. With a market cap of just $11 billion or so, it is tiny compared to its largest industrial REIT peer Prologis (NYSE: PLD), which has a market cap more than 10 times as large ($120 billion).
But small companies can provide big results, and it looks like that's exactly what Rexford will do thanks to this $200 million-plus secret weapon.
As Rexford's name implies, it owns industrial assets like warehouses, distribution facilities, and light manufacturing buildings. But it has a unique focus that sets it apart from peers like Prologis, which owns a globally diversified portfolio. Rexford goes to the other extreme: It owns a geographically concentrated portfolio. All the REIT's properties are located in Southern California.
Source Fool.com
