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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (77026)	1/28/2025 3:48:19 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78958

REXR. Maybe it's that businesses are leaving Southern California in great numbers. I have assumed that land supply is a constricting factor, given location near the ocean. Also the good history of land values increasing with increasing demand. Perhaps it's been speculative demand and the actual net demand is not positive now. REXR presents a more comforting picture to me in its Nov investor letter: "Average annual rent steps were 3.9% for leases executed quarter to date. As of October 31, 2024, year-to-date Same Property Portfolio average occupancy was 96.8% and ending occupancy was 95.9%, in line with the Company's third quarter 2024 guidance outlook." I'm expecting that I'll continue to hold shares in this and some of the other net lease stocks mentioned here.