Key Points The real estate investment trust is hyperfocused on infill industrial properties in Southern California. Rexford's dividend yield, at its current price, is 4.52%. The company has raised its dividend for 12 consecutive years. These 10 stocks could mint the next wave of millionaires › Shares of Rexford Industrial Realty (NYSE: REXR) are down more than 1% this year. The real estate investment trust (REIT) focuses strictly on Southern California infill industrial properties: warehouses, distribution facilities, and light manufacturing buildings located inside densely populated markets, where the land is almost fully developed. The stock is overlooked because it is a mid-cap stock, with a market cap of $8.
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