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Rexford Industrial Realty, Inc. (REXR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Rexford Industrial Realty, Inc. (REXR) stock price & volume — 10-year historical chart
Rexford Industrial Realty, Inc. (REXR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Rexford Industrial Realty, Inc. (REXR) EPS & revenue vs analyst estimates — last 4 quarters
| 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% |
Rexford Industrial Realty, Inc. (REXR) competitors in Industrial Logistics Warehouse REITs — business model, growth, and fundamentals comparison
Rexford Industrial Realty, Inc. (REXR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Rexford Industrial Realty, Inc. (REXR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | 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 |
Rexford Industrial Realty, Inc. (REXR) balance sheet — assets, liabilities & shareholders' equity
| Line item | 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 |
Rexford Industrial Realty, Inc. (REXR) cash flow — operating, investing & free cash flow history
| Line item | 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% |
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% |
Rexford Industrial Realty, Inc. (REXR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 23, 2026·SEC
Feb 26, 2026·SEC
Feb 4, 2026·SEC
Rexford Industrial Realty, Inc. (REXR) stock FAQ — growth, dividends, profitability & financials explained
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).
Yes, Rexford Industrial Realty, Inc. (REXR) pays a dividend with a yield of 4.99%. 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.
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 4.99% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Rexford Industrial Realty, Inc. (REXR) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates