Rexford Industrial Realty Announces $1B Buyback Plan
Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE:REXR), a real estate investment trust ("REIT") focused on creating value by investing in and operating industrial
Rexford Industrial said it will spend $1 billion to buy back its own shares, which usually means the company thinks its stock is a good value right now. When a company buys its own shares, it can be a sign that managers believe in the business and think the price is fair.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.