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Rexford Industrial Realty, Inc.(REXR)Earnings, Financials & Key Ratios
REXR•NYSE•REIT / Real Estate
38.5× P/E·Price updated Jun 19, 2026
AboutRexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.Show more
- Revenue$1B+7.1%
- FFO$528M+1.3%
- FFO/Share2.27-4.9%
- FFO Payout78.15%+4301.6%
- FFO per Share2.27-4.9%
- NOI Margin77.3%-0.3%
- FFO Margin52.63%-5.5%
- ROE2.41%-25.6%
- ROA1.68%-27.7%
REXR Key Insights
Rexford Industrial Realty, Inc. (REXR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 22.6%
- ✓Sustainable FFO payout ratio of 78.2%
- ✓13 consecutive years of dividend growth
- ✓High NOI margin of 77.3%
- ✓Healthy dividend yield of 5.4%
- ✓Trading at only 0.9x book value
✗Weaknesses
- ✗Weak 3Y average ROE of 2.9%
- ✗Dividend payout exceeds 100% of earnings
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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REXR Price & Volume
Rexford Industrial Realty, Inc. (REXR) stock price & volume — 10-year historical chart
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REXR Growth Metrics
Rexford Industrial Realty, Inc. (REXR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years26.73%
5 Years24.89%
3 Years16.7%
TTM6.33%
Profit CAGR
10 Years60.46%
5 Years22.65%
3 Years8.16%
TTM-22.56%
EPS CAGR
10 Years39.87%
5 Years11.02%
3 Years-2.22%
TTM-30.83%
Return on Capital
10 Years5.23%
5 Years4.95%
3 Years4.75%
Last Year3.07%
REXR Recent Earnings
Rexford Industrial Realty, Inc. (REXR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.61+128.6%
$0.27
Rev
$242M-0.1%
$242M
Q1 2026
Feb 4, 2026Metric
Actual
Est
EPS
$0.59+119.4%
$0.27
Rev
$243M-1.9%
$248M
Q4 2025
Oct 15, 2025Metric
Actual
Est
EPS
$0.60+1.7%
$0.59
Rev
$253M+1.7%
$249M
Q3 2025
Jul 16, 2025Metric
Actual
Est
EPS
$0.59+1.7%
$0.58
Rev
$250M-0.9%
$252M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.61vs $0.27+128.6% | $242Mvs $242M-0.1% |
| Q1 2026 | Feb 4, 2026 | $0.59vs $0.27+119.4% | $243Mvs $248M-1.9% |
| Q4 2025 | Oct 15, 2025 | $0.60vs $0.59+1.7% | $253Mvs $249M+1.7% |
| Q3 2025 | Jul 16, 2025 | $0.59vs $0.58+1.7% | $250Mvs $252M-0.9% |
Based on last 12 quarters of dataView full earnings history →
REXR Peer Comparison
Rexford Industrial Realty, Inc. (REXR) competitors in Industrial Logistics Warehouse REITs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 PLD | 134.64B | 140.54 | 39.70 | 7.18% | 37.86% | 5.78% | 0.61 | |
 EGP | 10.75B | 199.97 | 41.06 | 12.97% | 39.7% | 8.37% | 0.50 | |
 FR | 8.19B | 61.80 | 33.05 | 8.58% | 45.99% | 12.35% | 0.93 | |
 STAG | 7.23B | 37.80 | 25.89 | 10.14% | 28.26% | 6.8% | 0.90 | |
 LXP | 3.14B | 53.18 | 29.22 | -2.3% | 27.02% | 4.57% | 0.67 | |
 TRNO | 6.84B | 64.35 | 16.42 | 24.51% | 86.52% | 10.36% | 0.23 | |
 ILPT | 539.99M | 8.10 | -8.10 | 1.48% | -11.93% | -5.93% | 4.69 | |
 IIPR | 1.7B | 59.60 | 15.17 | -13.8% | 45.58% | 6.41% | 0.21 |
Compare REXR vs Peers
Rexford Industrial Realty, Inc. (REXR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
REXR Income Statement
Rexford Industrial Realty, Inc. (REXR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 161.35M | 212.49M | 267.21M | 330.13M | 452.24M | 631.2M | 797.83M | 936.41M | 1B |
Revenue Growth % | 27.86% | 31.69% | 25.75% | 23.55% | 36.99% | 39.57% | 26.4% | 17.37% | 7.13% |
Property Operating Expenses | 42.14M | 51.67M | 63.27M | 79.72M | 107.72M | 150.5M | 184.48M | 210.26M | 227.72M |
Net Operating Income (NOI) | 119.22M▲ 0% | 160.82M▲ 34.9% | 203.94M▲ 26.8% | 250.42M▲ 22.8% | 344.52M▲ 37.6% | 480.7M▲ 39.5% | 613.35M▲ 27.6% | 726.15M▲ 18.4% | 775.41M▲ 6.8% |
NOI Margin % | 73.88% | 75.68% | 76.32% | 75.85% | 76.18% | 76.16% | 76.88% | 77.55% | 77.3% |
Operating Expenses | 21.61M | 25.19M | 30.3M | 36.8M | 48.99M | 64.26M | 75.03M | 82.15M | 394.77M |
G&A Expenses | 21.61M | 25.19M | 30.3M | 36.8M | 48.99M | 64.26M | 75.03M | 82.15M | 78.86M |
EBITDA | 159.73M | 209.37M | 264.63M | 318.36M | 431.35M | 582.02M | 752.95M | 891.59M | 696.55M |
EBITDA Margin % | 99% | 98.53% | 99.03% | 96.43% | 95.38% | 92.21% | 94.37% | 95.21% | 69.44% |
Depreciation & Amortization | 62.58M | 74.06M | 90.98M | 104.74M | 135.83M | 165.59M | 214.63M | 247.59M | 315.92M |
D&A / Revenue % | 38.79% | 34.85% | 34.05% | 31.73% | 30.03% | 26.23% | 26.9% | 26.44% | 31.49% |
Operating Income | 97.15M▲ 0% | 135.31M▲ 39.3% | 173.64M▲ 28.3% | 213.62M▲ 23.0% | 295.53M▲ 38.3% | 416.44M▲ 40.9% | 538.32M▲ 29.3% | 643.99M▲ 19.6% | 380.63M▼ 40.9% |
Operating Margin % | 60.21% | 63.68% | 64.98% | 64.71% | 65.35% | 65.98% | 67.47% | 68.77% | 37.94% |
Interest Expense | 20.21M | 25.42M | 26.88M | 30.85M | 40.14M | 48.5M | 61.4M | 98.6M | 104.9M |
Interest Coverage | 1.60x | 2.17x | 2.78x | 3.18x | 3.59x | 4.50x | 4.76x | 3.72x | 3.09x |
Non-Operating Income | 64.85M | 80.04M | 99.06M | 115.39M | 151.57M | 198.35M | 246.14M | 277.49M | 55.97M |
Pretax Income | 41.7M▲ 0% | 47.08M▲ 12.9% | 64M▲ 36.0% | 80.89M▲ 26.4% | 136.25M▲ 68.4% | 177.16M▲ 30.0% | 249.59M▲ 40.9% | 285.93M▲ 14.6% | 219.76M▼ 23.1% |
Pretax Margin % | 25.84% | 22.15% | 23.95% | 24.5% | 30.13% | 28.07% | 31.28% | 30.53% | 21.91% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | 40.71M▲ 0% | 46.21M▲ 13.5% | 61.98M▲ 34.1% | 76.4M▲ 23.3% | 128.24M▲ 67.8% | 167.58M▲ 30.7% | 238.02M▲ 42.0% | 273.8M▲ 15.0% | 212.03M▼ 22.6% |
Net Margin % | 25.23% | 21.75% | 23.19% | 23.14% | 28.36% | 26.55% | 29.83% | 29.24% | 21.14% |
Net Income Growth % | 62.03% | 13.5% | 34.12% | 23.27% | 67.85% | 30.68% | 42.03% | 15.04% | -22.56% |
Funds From Operations (FFO) | 103.29M▲ 0% | 120.27M▲ 16.4% | 152.96M▲ 27.2% | 181.14M▲ 18.4% | 264.07M▲ 45.8% | 333.17M▲ 26.2% | 452.64M▲ 35.9% | 521.4M▲ 15.2% | 527.95M▲ 1.3% |
FFO Margin % | 64.02% | 56.6% | 57.24% | 54.87% | 58.39% | 52.78% | 56.73% | 55.68% | 52.63% |
FFO Growth % | 35.1% | 16.44% | 27.18% | 18.42% | 45.78% | 26.17% | 35.86% | 15.19% | 1.26% |
FFO per Share | 1.44 | 1.38 | 1.43 | 1.49 | 1.89 | 1.95 | 2.23 | 2.39 | 2.27 |
FFO Payout Ratio % | 40.2% | 45.89% | 57.94% | 56.65% | 51.58% | 63.18% | 66.76% | 1.78% | 78.15% |
EPS (Diluted) | 0.48▲ 0% | 0.41▼ 14.6% | 0.47▲ 14.6% | 0.51▲ 8.5% | 0.80▲ 56.9% | 0.92▲ 15.0% | 1.12▲ 21.7% | 1.20▲ 7.1% | 0.86▼ 28.3% |
EPS Growth % | 33.33% | -14.58% | 14.63% | 8.51% | 56.86% | 15% | 21.74% | 7.14% | -28.33% |
EPS (Basic) | 0.48 | 0.42 | 0.47 | 0.51 | 0.80 | 0.92 | 1.12 | 1.20 | 0.86 |
Diluted Shares Outstanding | 71.6M | 87.34M | 106.8M | 121.18M | 140.08M | 170.98M | 203.11M | 218.47M | 232.55M |
REXR Balance Sheet
Rexford Industrial Realty, Inc. (REXR) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 2.11B | 2.79B | 3.64B | 4.95B | 6.78B | 9.26B | 10.93B | 12.65B | 12.61B |
Asset Growth % | 39.36% | 32.03% | 30.52% | 36.07% | 36.96% | 36.54% | 18.04% | 15.72% | -0.28% |
Real Estate & Other Assets | 2.02B | 2.52B | 3.43B | 4.61B | 6.51B | 8.94B | 10.47B | 12.08B | -11.73B |
PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.85B |
Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K |
Total Current Assets | 41.27M | 208.7M | 128.94M | 241.54M | 132.19M | 141.78M | 299.17M | 356.68M | 495.84M |
Cash & Equivalents | 6.62M | 180.6M | 78.86M | 176.29M | 43.99M | 36.79M | 33.44M | 55.97M | 165.78M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 12.69M | 0 | 0 | 10.07M | 7.22M | 0 | 0 | 0 | 15.98M |
Intangible Assets | 54.4M | 60.84M | 78.25M | 97.33M | 137.31M | 175.14M | 158.83M | 206.62M | 145.78M |
Total Liabilities | 746.12M | 879.26M | 1.02B | 1.42B | 1.71B | 2.34B | 2.79B | 3.92B | 3.77B |
Total Debt | 705.08M | 862.83M | 976.52M | 1.28B | 1.4B | 1.94B | 2.23B | 3.35B | 3.5B |
Net Debt | 698.46M | 682.22M | 897.66M | 1.11B | 1.36B | 1.9B | 2.19B | 3.29B | 3.33B |
Long-Term Debt | 668.94M | 757.37M | 857.84M | 1.22B | 1.4B | 1.94B | 2.23B | 3.35B | 3.31B |
Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 69.21M |
Capital Lease Obligations | 36.13M | 105.45M | 118.68M | 67.26M | 0 | 0 | 0 | 0 | 123.15M |
Total Current Liabilities | 58.89M | 66.81M | 90.5M | 119.59M | 179.41M | 252.18M | 412.45M | 428.8M | 69.21M |
Accounts Payable | 21.13M | 21.07M | 31.11M | 45.38M | 65.83M | 97.5M | 128.84M | 149.71M | 120.85M |
Deferred Revenue | 25.79M | 29.8M | 37.77M | 44.26M | 73.2M | 92.65M | 199.87M | 181.27M | 88.78M |
Other Liabilities | -6.05M | -4.19M | -500K | 4.92M | 134.5M | 147.38M | 147.56M | 147.47M | 186.09M |
Total Equity | 1.37B▲ 0% | 1.91B▲ 39.8% | 2.62B▲ 37.4% | 3.53B▲ 34.6% | 5.07B▲ 43.5% | 6.92B▲ 36.6% | 8.14B▲ 17.6% | 8.73B▲ 7.1% | 8.84B▲ 1.3% |
Equity Growth % | 41.9% | 39.79% | 37.41% | 34.63% | 43.54% | 36.62% | 17.63% | 7.15% | 1.28% |
Shareholders Equity | 1.34B | 1.88B | 2.56B | 3.25B | 4.78B | 6.56B | 7.77B | 8.32B | 8.46B |
Minority Interest | 25.21M | 32.33M | 66.27M | 285.45M | 283.12M | 366.4M | 376.99M | 401.91M | 377.46M |
Common Stock | 782K | 966K | 1.14M | 1.31M | 1.6M | 1.89M | 2.12M | 2.25M | 2.32M |
Additional Paid-in Capital | 1.24B | 1.8B | 2.44B | 3.18B | 4.83B | 6.65B | 7.94B | 8.6B | 8.95B |
Retained Earnings | -67.06M | -88.34M | -118.75M | -163.39M | -191.12M | -255.74M | -338.83M | -441.88M | -642.13M |
Preferred Stock | 159.71M | 159.09M | 242.33M | 242.33M | 155.68M | 155.68M | 155.68M | 155.68M | 155.68M |
Return on Assets (ROA) | 2.25% | 1.89% | 1.93% | 1.78% | 2.19% | 2.09% | 2.36% | 2.32% | 1.68% |
Return on Equity (ROE) | 3.5% | 2.82% | 2.74% | 2.48% | 2.98% | 2.8% | 3.16% | 3.25% | 2.41% |
Debt / Assets | 33.39% | 30.95% | 26.84% | 25.92% | 20.64% | 20.91% | 20.37% | 26.45% | 27.75% |
Debt / Equity | 0.52x | 0.45x | 0.37x | 0.36x | 0.28x | 0.28x | 0.27x | 0.38x | 0.40x |
Net Debt / EBITDA | 4.37x | 3.26x | 3.39x | 3.48x | 3.14x | 3.26x | 2.91x | 3.69x | 4.79x |
Book Value per Share | 19.07 | 21.85 | 24.55 | 29.14 | 36.18 | 40.49 | 40.10 | 39.94 | 38.00 |
REXR Cash Flow Statement
Rexford Industrial Realty, Inc. (REXR) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 76.65M | 102.78M | 139.51M | 182.99M | 231.46M | 327.69M | 427.55M | 478.92M | 542.09M |
Operating CF Growth % | 35.83% | 34.08% | 35.75% | 31.17% | 26.49% | 41.58% | 30.47% | 12.01% | 13.19% |
Operating CF / Revenue % | 47.5% | 48.37% | 52.21% | 55.43% | 51.18% | 51.92% | 53.59% | 51.14% | 54.04% |
Net Income | 41.7M | 47.08M | 64M | 80.89M | 136.25M | 177.16M | 249.59M | 285.93M | 209.43M |
Depreciation & Amortization | 62.58M | 74.06M | 90.98M | 104.74M | 135.83M | 165.59M | 214.63M | 247.59M | 315.92M |
Stock-Based Compensation | 5.4M | 10.15M | 10.76M | 12.87M | 19.51M | 28.43M | 33.64M | 41.6M | 0 |
Other Non-Cash Items | -3.83M | -5.14M | -6.2M | -11.11M | -23M | -35.91M | -50.56M | -46.78M | 51.32M |
Working Capital Changes | -657K | -7.24M | -3.73M | 9.12M | -6.96M | -7.56M | -19.75M | -49.42M | -34.58M |
Cash from Investing | -606.9M | -507.21M | -972.74M | -987.52M | -1.91B | -2.45B | -1.68B | -1.84B | -125.06M |
Acquisitions (Net) | -2.48M | -25K | -14.53M | 904.69M | 1.8B | 2.31B | 0 | 0 | 0 |
Purchase of Investments | -664.36M | -494.2M | -943.38M | -928.69M | -1.86B | -2.33B | 0 | 0 | 0 |
Sale of Investments | 101.99M | 44.97M | 32.34M | 24M | 56.57M | 15.31M | 0 | 0 | 208.36M |
Other Investing | -562.11M | -449.24M | 0 | -908.76M | -1.81B | -2.31B | -1.41B | -1.46B | 0 |
Cash from Financing | 521.6M | 578.17M | 731.48M | 903.2M | 1.55B | 2.11B | 1.25B | 1.38B | -307.22M |
Dividends Paid | -46.81M | -65.47M | -89.49M | -119.71M | -151.61M | -222.87M | -314.65M | -379.56M | -422.52M |
Common Dividends | -41.52M | -55.19M | -88.62M | -102.62M | -136.21M | -210.48M | -302.19M | -9.26M | -412.62M |
Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K |
Share Repurchases | -1.69M | -594K | -854K | -1.28M | -1.43M | -2.16M | -1.91M | -2.15M | -251.96M |
Other Financing | 400.98M | -1.75M | -143K | -6.08M | -4.55M | 1.8B | -3.04M | -4.6M | -9.36M |
Net Change in Cash | -8.65M▲ 0% | 173.73M▲ 2107.3% | -101.74M▼ 158.6% | 98.67M▲ 197.0% | -133.53M▼ 235.3% | -7.21M▲ 94.6% | -3.34M▲ 53.7% | 22.53M▲ 774.1% | 109.81M▲ 387.4% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 15.53M | 6.87M | 180.6M | 78.86M | 177.52M | 44M | 36.79M | 33.44M | 55.97M |
Cash at End | 6.87M | 180.6M | 78.86M | 177.52M | 44M | 36.79M | 33.44M | 55.97M | 165.78M |
Free Cash Flow | 34.34M▲ 0% | 44.82M▲ 30.5% | 92.34M▲ 106.0% | 104.23M▲ 12.9% | 128.99M▲ 23.8% | 192.6M▲ 49.3% | 160.98M▼ 16.4% | 105.53M▼ 34.5% | 208.66M▲ 97.7% |
FCF Growth % | 40.13% | 30.54% | 106.02% | 12.87% | 23.75% | 49.32% | -16.42% | -34.45% | 97.74% |
FCF / Revenue % | 21.28% | 21.09% | 34.56% | 31.57% | 28.52% | 30.51% | 20.18% | 11.27% | 20.8% |
REXR Key Ratios
Rexford Industrial Realty, Inc. (REXR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 1.21 | 1.44 | 1.38 | 1.43 | 1.49 | 1.89 | 1.95 | 2.23 | 2.39 | 2.27 |
FFO Payout Ratio | 44.54% | 40.2% | 45.89% | 57.94% | 56.65% | 51.58% | 63.18% | 66.76% | 1.78% | 78.15% |
NOI Margin | 73.36% | 73.88% | 75.68% | 76.32% | 75.85% | 76.18% | 76.16% | 76.88% | 77.55% | 77.3% |
Net Debt / EBITDA | 4.02x | 4.37x | 3.26x | 3.39x | 3.48x | 3.14x | 3.26x | 2.91x | 3.69x | 4.79x |
Debt / Assets | 34.22% | 33.39% | 30.95% | 26.84% | 25.92% | 20.64% | 20.91% | 20.37% | 26.45% | 27.75% |
Interest Coverage | 1.50x | 1.60x | 2.17x | 2.78x | 3.18x | 3.59x | 4.50x | 4.76x | 3.72x | 3.09x |
Book Value / Share | 15.28 | 19.07 | 21.85 | 24.55 | 29.14 | 36.18 | 40.49 | 40.1 | 39.94 | 38 |
Revenue Growth | 34.39% | 27.86% | 31.69% | 25.75% | 23.55% | 36.99% | 39.57% | 26.4% | 17.37% | 7.13% |
Related:REXR Dividend History·REXR Revenue History·REXR Price History·REXR P/E History·REXR Financial Ratios·REXR Institutional Holders
REXR SEC Filings & Documents
Rexford Industrial Realty, Inc. (REXR) SEC filings — annual & quarterly reports (10-K, 10-Q)
REXR Frequently Asked Questions
Rexford Industrial Realty, Inc. (REXR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Rexford Industrial Realty, Inc. (REXR) reported $995.7M in revenue for fiscal year 2025. This represents a 3490% increase from $27.7M in 2011.
Rexford Industrial Realty, Inc. (REXR) grew revenue by 7.1% over the past year. This is steady growth.
Yes, Rexford Industrial Realty, Inc. (REXR) is profitable, generating $212.0M in net income for fiscal year 2025 (21.1% net margin).
Dividend & Returns
Yes, Rexford Industrial Realty, Inc. (REXR) pays a dividend with a yield of 5.36%. This makes it attractive for income-focused investors.
Rexford Industrial Realty, Inc. (REXR) has a return on equity (ROE) of 2.4%. This is below average, suggesting room for improvement.
Industry Metrics
Rexford Industrial Realty, Inc. (REXR) generated Funds From Operations (FFO) of $513.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Rexford Industrial Realty, Inc. (REXR) offers a 5.36% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.