Rexford Industrial Realty Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Growth
Company profile

Rexford Industrial Realty, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is focused on owning and operating industrial properties in Southern California infill markets. Through its controlling interest in its Rexford Industrial Realty, L.P. (Operating Partnership) and its subsidiaries, it owns, manages, leases, acquires and develops industrial real estate principally located in Southern California infill markets, and, from time to time, acquire or provide mortgage debt secured by industrial property. It owns a portfolio of approximately 236 properties with approximately 29.9 million rentable square feet. In addition, it manages approximately 20 properties with approximately one million rentable square feet.

This security is a preferred stock
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UPDATE: Zoom Video is 'the second coming,' analyst says

11:04 am ET November 12, 2020 (MarketWatch)

By Emily Bary

Zoom is a controversial stock name but Bernstein analyst says he's among the believers

If Netflix Inc. was once the Jesus of stocks, Zoom Video Communications Inc. could be "the second coming," according to an analyst.

Bernstein's Zane Chrane made the Zoom (ZM) parallel Thursday, to hark back to 2017, when his colleague likened Netflix (NFLX) to Jesus with the reasoning that "you either believe it, or you don't"

Chrane acknowledges that Zoom is a controversial stock today, but he finds himself among the "true believers" in the company's potential. "Even if you're a Zoom denier and believe Covid is no longer a tailwind for adoption, it's clear that the pandemic and 'remote work experiment' have catalyzed and accelerated long-term structural shifts in the way people communicate, travel and conduct business," he wrote.

Shares of Zoom are up 4.4% in Thursday morning trading.

Opinion: Older workers are working from home more successfully than their younger colleagues (

Zoom is projected to generate $2.4 billion in sales this year, according to FactSet, but Chrane sees eventual revenue potential that's many times greater. He estimates that if Zoom could get 6% of "global knowledge workers" to be paid hosts of videoconferences over time and get 5% of knowledge workers to become Zoom Phone users, the company could see annual revenue of about $25 billion.

That revenue momentum could yield a $250 billion market capitalization, he argued, assuming a 10x revenue multiple "despite ample remaining greenfield opportunity." Zoom is currently valued at about $118 billion.

Chrane has an outperform rating and $611 price target on Zoom's stock, which has nearly tripled so far this year as the S&P 500 has added 10%. The stock has come under a bit of pressure more recently (, however, amid signs of progress on the COVID-19 front that could eventually usher in a return to more normal living and working habits. The stock is down 12% over the past month.

-Emily Bary; 415-439-6400;

(END) Dow Jones Newswires

November 12, 2020 11:04 ET (16:04 GMT)

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