EastGroup Properties, Inc. (EGP) vs Rexford Industrial Realty, Inc. (REXR)

EastGroup Properties, Inc. and Rexford Industrial Realty, Inc. are both Reit Industrial companies. EastGroup Properties, Inc. is the larger, with a market value of $10.9B against $8.5B — 1.3× the size. Rexford Industrial Realty, Inc. has negative trailing earnings, so its P/E is not meaningful; EastGroup Properties, Inc. trades at 35.3×. EastGroup Properties, Inc. grew revenue faster over the last twelve months: 11.0% against 0.55%. EastGroup Properties, Inc. has the higher net margin (40.5% vs −40.4%) and the higher return on invested capital (3.70% vs 2.19%). Both pay a dividend; Rexford Industrial Realty, Inc. yields more (3.08% vs 2.80%). Across the 22 metrics below, Rexford Industrial Realty, Inc. leads on 13 and EastGroup Properties, Inc. on 9.

Valuation

Metric EGP REXR Reit Industrial median
P/E 35.29 n/m 28.30
P/S 14.36 8.45 8.16
P/B 3.03 1.08 1.89
Price to free cash flow 14,028.51 36.92 21.44
EV/EBITDA 23.45 16.89 17.97
EV/Sales 16.45 11.71 11.71
Earnings yield 2.83% (4.83%) 3.38%
Free cash flow yield 0.01% 2.71% 2.71%

Profitability

Metric EGP REXR Reit Industrial median
Gross margin 73.67% 76.80% 73.76%
Operating margin 40.54% 39.27% 39.85%
Net margin 40.47% (40.39%) 28.04%
Free cash flow margin 0.10% 22.90% 13.63%
Return on equity 8.73% (4.78%) 6.83%
Return on assets 5.69% (3.24%) 3.45%
Return on invested capital 3.70% 2.19% 2.92%

Growth

Metric EGP REXR Reit Industrial median
Revenue growth (TTM) 10.98% 0.55% 3.86%
EPS growth (last fiscal year) 4.51% (28.33%) —
Revenue growth, 5-year CAGR 14.72% 24.89% 13.33%
Net income growth, 5-year CAGR 18.89% 26.68% 9.91%

Health

Metric EGP REXR Reit Industrial median
Debt to equity 0.45 0.41 0.84
Current ratio 0.16 1.70 0.78
Net debt to EBITDA 3.22 4.52 4.76

Dividend

Metric EGP REXR Reit Industrial median
Dividend yield 2.80% 3.08% 3.14%
Payout ratio 1.34 1.42 1.14

Size

Metric EGP REXR Reit Industrial median
Market cap 10.89b 8.47b 8.24b

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