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Rexford Industrial Realty (Rexford Industrial Realty) Cyclically Adjusted Book per Share : $24.17 (As of Mar. 2024)


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What is Rexford Industrial Realty Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Rexford Industrial Realty's adjusted book value per share for the three months ended in Mar. 2024 was $36.169. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $24.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Rexford Industrial Realty's average Cyclically Adjusted Book Growth Rate was 15.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2024-06-09), Rexford Industrial Realty's current stock price is $44.12. Rexford Industrial Realty's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $24.17. Rexford Industrial Realty's Cyclically Adjusted PB Ratio of today is 1.83.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Rexford Industrial Realty was 4.78. The lowest was 1.77. And the median was 2.81.


Rexford Industrial Realty Cyclically Adjusted Book per Share Historical Data

The historical data trend for Rexford Industrial Realty's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Rexford Industrial Realty Cyclically Adjusted Book per Share Chart

Rexford Industrial Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 17.28 19.78 23.24

Rexford Industrial Realty Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.01 22.13 22.82 23.24 24.17

Competitive Comparison of Rexford Industrial Realty's Cyclically Adjusted Book per Share

For the REIT - Industrial subindustry, Rexford Industrial Realty's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Rexford Industrial Realty's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Rexford Industrial Realty's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Rexford Industrial Realty's Cyclically Adjusted PB Ratio falls into.



Rexford Industrial Realty Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Rexford Industrial Realty's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=36.169/131.7762*131.7762
=36.169

Current CPI (Mar. 2024) = 131.7762.

Rexford Industrial Realty Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.861 100.560 15.543
201409 12.129 100.428 15.915
201412 11.981 99.070 15.936
201503 12.536 99.621 16.582
201506 12.417 100.684 16.252
201509 12.256 100.392 16.088
201512 12.162 99.792 16.060
201603 12.025 100.470 15.772
201606 12.798 101.688 16.585
201609 12.666 101.861 16.386
201612 12.887 101.863 16.671
201703 12.839 102.862 16.448
201706 13.698 103.349 17.466
201709 14.872 104.136 18.819
201712 15.073 104.011 19.097
201803 15.391 105.290 19.263
201806 17.077 106.317 21.166
201809 17.210 106.507 21.293
201812 17.736 105.998 22.049
201903 18.695 107.251 22.970
201906 19.526 108.070 23.809
201909 19.656 108.329 23.910
201912 20.334 108.420 24.714
202003 20.378 108.902 24.658
202006 21.418 108.767 25.949
202009 21.437 109.815 25.724
202012 22.848 109.897 27.397
202103 23.280 111.754 27.451
202106 24.003 114.631 27.593
202109 26.969 115.734 30.707
202112 28.839 117.630 32.307
202203 29.893 121.301 32.474
202206 31.210 125.017 32.897
202209 33.020 125.227 34.747
202212 33.849 125.222 35.621
202303 35.018 127.348 36.236
202306 34.976 128.729 35.804
202309 35.433 129.860 35.956
202312 35.844 129.419 36.497
202403 36.169 131.776 36.169

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Rexford Industrial Realty  (NYSE:REXR) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Rexford Industrial Realty's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=44.12/24.17
=1.83

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Rexford Industrial Realty was 4.78. The lowest was 1.77. And the median was 2.81.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Rexford Industrial Realty Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Rexford Industrial Realty's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Rexford Industrial Realty (Rexford Industrial Realty) Business Description

Industry
Address
11620 Wilshire Boulevard, Suite 1000, Los Angeles, CA, USA, 90025
Rexford Industrial Realty Inc is a real estate investment trust primarily engaged in the acquisition, ownership, and operation of industrial properties in Southern California. The company mainly focuses on leasing facilities in infill markets or relatively wealthy urban areas with a general scarcity of developable land. The vast majority of Rexford's real estate portfolio, in terms of square footage, revenue generation, and total value, comprises light manufacturing and distribution warehouse buildings located in Los Angeles and San Diego. The company's largest tenants are firms in the wholesale and retail, light manufacturing, industrial equipment, and food and beverage industries.
Executives
Laura E Clark officer: Chief Financial Officer 11620 WILSHIRE BOULEVARD, SUITE 1000, LOS ANGELES CA 90025
Howard Schwimmer director, officer: Co-CEO, Co-President 11620 WILSHIRE BOULEVARD, SUITE 300, LOS ANGELES CA 90025
David E. Lanzer officer: General Counsel 11620 WILSHIRE BLVD, SUITE 1000, LOS ANGELES CA 90025
Angela L. Kleiman director 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Michael S. Frankel director, officer: Co-CEO 11620 WILSHIRE BOULEVARD, SUITE 300, LOS ANGELES CA 90025
Debra L Morris director 11620 WILSHIRE BOULEVARD, SUITE 1000, LOS ANGELES CA 90025
Richard S Ziman director C/O AVP ADVISORS INC., 10940 WILSHIRE BLVD., STE. 1950, LOS ANGELES CA 90024
Adeel Khan officer: Chief Financial Officer 11620 WILSHIRE BOULEVARD, SUITE 300, LOS ANGELES CA 90025
Steven C Good director 11755 WILSHIRE BOULEVARD, SUITE 1700, LOS ANGELES CA 90025
Diana J Ingram director 11620 WILSHIRE BOULEVARD, SUITE 1000, LOS ANGELES CA 90025
Tyler H Rose director 12200 W OLYMPIC BLVD, SUITE 200, LOS ANGELES CA 90064
Peter E Schwab director C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Jonathan Abrams officer: General Counsel 355 SOUTH GRAND AVENUE, SUITE 3300, LOS ANGELES CA 90071
Joel S Marcus director C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Leslie E Bider director 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401