-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：REXR公佈第一季營收為2.45億美元（年減2.9%），超出市場預期200萬美元；第一季核心FFO為每股0.61美元（年減1.6%），超出預期0.02美元。第一季主要業績指標受到與Tireco續約的策略性租賃合約的顯著影響，該合約涵蓋110萬平方英尺的辦公空間，有效期至2030年4月。雖然此舉鞏固了與主要租戶的關係，但也導致了負的租金差，掩蓋了市場基本面的改善。管理階層將2026財年FFO預期調高0.02美元至每股2.37-2.42美元，但此成長完全歸因於第一季的股票回購活動，而非營運改善。若不計入Tireco的續租，淨有效租金變動應為正5.5%，而非報告的-10.0%，這表明儘管當前市場面臨不利因素，整體投資組合的租金仍在持續增長。我們注意到，第一季通常是續租淡季，而5.5%的實際租金漲幅表明，即使較前幾季有所下降，投資組合依然保持強勁勢頭。
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Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.
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