Why Rexford Industrial Realty Stock Slumped 12.4% in April
Shares of Rexford Industrial Realty (NYSE: REXR) tumbled 12.4% in April, according to data from S&P Global Market Intelligence. Weighing on the real estate investment trust (REIT) was tariff-driven volatility in the market and its first-quarter financial results. Last month, the Trump administration surprised the market by launching unexpectedly high reciprocal tariffs on global trading partners to help rebalance trade. They caused significant market volatility as stock prices tumbled and Treasury bond yields soared, the latter of which can have a significant impact on the value of commercial real estate.Image source: Getty Images.Continue reading
Shares of Rexford Industrial Realty (NYSE: REXR) tumbled 12.4% in April, according to data from S&P Global Market Intelligence. Weighing on the real estate investment trust (REIT) was tariff-driven volatility in the market and its first-quarter financial results.
Last month, the Trump administration surprised the market by launching unexpectedly high reciprocal tariffs on global trading partners to help rebalance trade. They caused significant market volatility as stock prices tumbled and Treasury bond yields soared, the latter of which can have a significant impact on the value of commercial real estate.
Image source: Getty Images.
