14 years of historical data (2011–2024) · Real Estate · REIT - Industrial
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Rexford Industrial Realty, Inc. trades at 31.2x earnings, 54% below its 5-year average of 67.9x, sitting at the 0th percentile of its historical range. Compared to the Real Estate sector median P/E of 23.4x, the stock trades at a premium of 34%. On a free-cash-flow basis, the stock trades at 82.7x P/FCF, 20% above the 5-year average of 68.9x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $8.7B | $8.4B | $11.4B | $9.3B | $11.4B | $6.0B | $4.9B | $2.6B | $2.1B | $1.5B | $884M |
| Enterprise Value | $12.0B | $11.7B | $13.6B | $11.2B | $12.7B | $7.1B | $5.8B | $3.3B | $2.8B | $2.0B | $1.3B |
| P/E Ratio → | 31.23 | 32.22 | 50.09 | 59.39 | 101.39 | 96.29 | 97.17 | 71.88 | 60.75 | 64.42 | 545.33 |
| P/S Ratio | 9.32 | 9.02 | 14.28 | 14.80 | 25.12 | 18.03 | 18.25 | 12.11 | 12.94 | 11.57 | 9.41 |
| P/B Ratio | 0.94 | 0.97 | 1.40 | 1.35 | 2.24 | 1.69 | 1.86 | 1.35 | 1.53 | 1.52 | 1.27 |
| P/FCF | 82.67 | 80.04 | 70.78 | 48.51 | 88.08 | 57.10 | 52.82 | 57.42 | 60.80 | 59.59 | 48.23 |
| P/OCF | 18.21 | 17.64 | 26.65 | 28.51 | 49.09 | 32.52 | 34.96 | 25.04 | 27.24 | 25.87 | 21.82 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Rexford Industrial Realty, Inc.'s enterprise value stands at 13.5x EBITDA, 34% below its 5-year average of 20.4x. This is roughly in line with the Real Estate sector median of 13.6x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.53 | 17.03 | 17.81 | 28.12 | 21.38 | 21.61 | 15.32 | 17.27 | 15.56 | 13.88 |
| EV / EBITDA | 13.47 | 13.16 | 18.05 | 19.32 | 29.48 | 22.17 | 21.82 | 15.55 | 17.44 | 15.70 | 13.58 |
| EV / EBIT | 18.65 | 32.02 | 46.50 | 51.55 | 88.34 | 71.85 | 77.44 | 58.91 | 86.26 | 88.02 | 107.38 |
| EV / FCF | — | 111.21 | 84.40 | 58.37 | 98.59 | 67.72 | 62.54 | 72.64 | 81.14 | 80.11 | 71.13 |
Margins and return-on-capital ratios measuring operating efficiency
Rexford Industrial Realty, Inc. earns an operating margin of 68.8%, significantly above the Real Estate sector average of 22.0%. Operating margins have expanded from 66.0% to 68.8% over the past 3 years, signaling improving operational efficiency. ROE of 3.2% is modest. ROIC of 4.3% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.5% | 77.5% | 76.9% | 76.2% | 76.2% | 75.9% | 76.3% | 75.7% | 73.9% | 73.4% | 73.4% |
| Operating Margin | 68.8% | 68.8% | 67.5% | 66.0% | 65.3% | 64.7% | 65.0% | 63.7% | 60.2% | 58.4% | 57.5% |
| Net Profit Margin | 29.2% | 29.2% | 29.8% | 26.5% | 28.4% | 23.1% | 23.2% | 21.7% | 25.2% | 19.9% | 2.0% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.2% | 3.2% | 3.2% | 2.8% | 3.0% | 2.5% | 2.7% | 2.8% | 3.5% | 3.0% | 0.3% |
| ROA | 2.3% | 2.3% | 2.4% | 2.1% | 2.2% | 1.8% | 1.9% | 1.9% | 2.2% | 1.9% | 0.2% |
| ROIC | 4.3% | 4.3% | 4.2% | 4.1% | 4.0% | 3.9% | 4.3% | 4.4% | 4.1% | 4.3% | 4.0% |
| ROCE | 5.7% | 5.7% | 5.5% | 5.3% | 5.2% | 5.1% | 5.5% | 5.7% | 5.5% | 5.7% | 5.3% |
Solvency and debt-coverage ratios — lower is generally safer
Rexford Industrial Realty, Inc. carries a Debt/EBITDA ratio of 3.8x, which is moderately leveraged (44% below the sector average of 6.7x). Net debt stands at $3.3B ($3.3B total debt minus $56M cash). Interest coverage of 6.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.38 | 0.38 | 0.27 | 0.28 | 0.28 | 0.36 | 0.37 | 0.45 | 0.52 | 0.54 | 0.61 |
| Debt / EBITDA | 3.75 | 3.75 | 2.96 | 3.33 | 3.24 | 4.03 | 3.69 | 4.12 | 4.41 | 4.15 | 4.43 |
| Net Debt / Equity | — | 0.38 | 0.27 | 0.27 | 0.27 | 0.31 | 0.34 | 0.36 | 0.51 | 0.52 | 0.61 |
| Net Debt / EBITDA | 3.69 | 3.69 | 2.91 | 3.26 | 3.14 | 3.48 | 3.39 | 3.26 | 4.37 | 4.02 | 4.37 |
| Debt / FCF | — | 31.18 | 13.62 | 9.86 | 10.51 | 10.62 | 9.72 | 15.22 | 20.34 | 20.52 | 22.90 |
| Interest Coverage | 6.53 | 6.53 | 8.77 | 8.59 | 7.36 | 6.92 | 6.46 | 5.32 | 4.81 | 4.96 | 6.39 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.83x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.56x to 0.83x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.83 | 0.83 | 0.73 | 0.56 | 0.74 | 2.02 | 1.42 | 3.12 | 0.70 | 0.87 | 0.46 |
| Quick Ratio | 0.83 | 0.83 | 0.73 | 0.56 | 0.74 | 2.02 | 1.42 | 3.12 | 0.70 | 0.87 | 0.46 |
| Cash Ratio | 0.13 | 0.13 | 0.08 | 0.15 | 0.25 | 1.47 | 0.87 | 2.70 | 0.11 | 0.37 | 0.15 |
| Asset Turnover | — | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Rexford Industrial Realty, Inc. returns 0.1% to shareholders annually — split between a 0.1% dividend yield and 0.0% buyback yield. The payout ratio of 3.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.1% | 2.7% | 2.3% | 1.2% | 1.7% | 1.8% | 2.1% | 2.0% | 2.3% | 3.1% |
| Payout Ratio | 3.4% | 3.4% | 127.0% | 125.6% | 106.2% | 134.3% | 143.0% | 119.4% | 102.0% | 135.5% | 1448.1% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.2% | 3.1% | 2.0% | 1.7% | 1.0% | 1.0% | 1.0% | 1.4% | 1.6% | 1.6% | 0.2% |
| FCF Yield | 1.2% | 1.2% | 1.4% | 2.1% | 1.1% | 1.8% | 1.9% | 1.7% | 1.6% | 1.7% | 2.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.0% |
| Total Shareholder Yield | 0.1% | 0.1% | 2.7% | 2.3% | 1.2% | 1.7% | 1.8% | 2.2% | 2.1% | 2.4% | 3.1% |
| Shares Outstanding | — | $218M | $203M | $171M | $140M | $121M | $107M | $87M | $72M | $63M | $54M |
Compare REXR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| REXRYou | $9B | 31.2 | 13.5 | 82.7 | 77.5% | 68.8% | 3.2% | 4.3% | 3.8 |
| PLD | $132B | 35.6 | 23.2 | 27.0 | 74.9% | 53.8% | 6.4% | 3.8% | 4.5 |
| EGP | $10B | 42.1 | 19.9 | 29.3 | 72.7% | 69.4% | 7.7% | 7.3% | 2.6 |
| FR | $8B | 29.1 | 22.2 | 62.0 | 72.6% | 44.3% | 10.7% | 4.6% | 4.7 |
| STAG | $7B | 26.9 | 23.8 | 15.8 | — | 0.7% | 7.6% | 0.1% | — |
| TRNO | $7B | 16.9 | 25.5 | 32.8 | 50.3% | 40.3% | 10.3% | 2.9% | 3.8 |
| GRP-UN | $4B | 15.6 | 19.2 | 15.9 | 82.9% | 76.5% | 6.5% | 3.8% | 7.1 |
| LXP | $3B | 27.2 | — | 17.9 | 81.6% | 0.8% | 5.1% | 0.1% | — |
| PLYM | $979M | 7.1 | 13.3 | 10.2 | 68.9% | 18.2% | 25.9% | 2.1% | 5.4 |
| ILPT | $391M | -5.9 | 0.4 | 6.4 | 86.3% | 78.0% | -6.9% | 8.9% | — |
| LPA | $80M | -2.7 | 15.0 | 30.1 | 84.1% | 48.5% | -11.0% | 3.1% | 12.5 |
| Real Estate Median | — | 23.4 | 13.6 | 13.7 | 60.4% | 22.0% | 3.3% | 2.6% | 6.7 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 14 years · Updated daily
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Start ComparisonRexford Industrial Realty, Inc.'s current P/E ratio is 31.2x. The historical average is 70.4x.
Rexford Industrial Realty, Inc.'s current EV/EBITDA is 13.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.8x.
Rexford Industrial Realty, Inc.'s return on equity (ROE) is 3.2%. The historical average is 1.0%.
Based on historical data, Rexford Industrial Realty, Inc. is trading at a P/E of 31.2x. Compare with industry peers and growth rates for a complete picture.
Rexford Industrial Realty, Inc.'s current dividend yield is 0.11% with a payout ratio of 3.4%.
Rexford Industrial Realty, Inc. has 77.5% gross margin and 68.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Rexford Industrial Realty, Inc.'s Debt/EBITDA ratio is 3.8x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.