Truist initiated coverage of Rexford Industrial Realty with a Buy rating and $56 price target, which implies a 16% total return. With potential rises in vacancy, uncertainties in market rent growth and a shrinking mark-to-market, the firm says it stress-tested each scenario against the price target. Even assuming slightly negative market rent growth, Rexford’s risk/reward potential is “compelling,” the analyst tells investors in a research note.
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