Rexford Industrial Realty, Inc. (REXR) Financial Ratios
15 years of historical data (2011–2025) · Real Estate · REIT - Industrial
EV/EBITDA
↓
16.08
↓-18% vs avg
5yr avg: 19.54
30Y Low13.2·High29.5
P/FCF
↓
37.70
↓-43% vs avg
5yr avg: 66.11
30Y Low32.8·High88.1
P/B Ratio
↓
0.87
↓-38% vs avg
5yr avg: 1.40
30Y Low0.9·High2.2
ROE
↓
2.4%
-17% vs avg
5yr avg: 2.9%
30Y Low-6%·High3%
Debt/EBITDA
↑
5.02
↑+37% vs avg
5yr avg: 3.66
30Y Low3.0·High20.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
REXR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Rexford Industrial Realty, Inc. trades at 38.5x earnings, 33% below its 5-year average of 57.6x, sitting at the 10th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a premium of 60%. On a free-cash-flow basis, the stock trades at 37.7x P/FCF, 43% below the 5-year average of 66.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.9B | $9.0B | $8.4B | $11.4B | $9.3B | $11.4B | $6.0B | $4.9B | $2.6B | $2.1B | $1.5B |
| Enterprise Value | $11.2B | $12.3B | $11.7B | $13.6B | $11.2B | $12.7B | $7.1B | $5.8B | $3.3B | $2.8B | $2.0B |
| P/E Ratio → | 38.51 | 45.02 | 32.22 | 50.09 | 59.39 | 101.39 | 96.29 | 97.17 | 71.88 | 60.75 | 64.42 |
| P/S Ratio | 7.84 | 8.98 | 9.02 | 14.28 | 14.80 | 25.12 | 18.03 | 18.25 | 12.11 | 12.94 | 11.57 |
| P/B Ratio | 0.87 | 1.02 | 0.97 | 1.40 | 1.35 | 2.24 | 1.69 | 1.86 | 1.35 | 1.53 | 1.52 |
| P/FCF | 37.70 | 43.15 | 80.04 | 70.78 | 48.51 | 88.08 | 57.10 | 52.82 | 57.42 | 60.80 | 59.59 |
| P/OCF | 14.51 | 16.61 | 17.64 | 26.65 | 28.51 | 49.09 | 32.52 | 34.96 | 25.04 | 27.24 | 25.87 |
P/E links to full P/E history page with 30-year chart
REXR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Rexford Industrial Realty, Inc.'s enterprise value stands at 16.1x EBITDA, 18% below its 5-year average of 19.5x. The Real Estate sector median is 17.0x, placing the stock at a 5% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.30 | 12.53 | 17.03 | 17.81 | 28.12 | 21.38 | 21.61 | 15.32 | 17.27 | 15.56 |
| EV / EBITDA | 16.08 | 17.71 | 13.16 | 18.05 | 19.32 | 29.48 | 22.17 | 21.82 | 15.55 | 17.44 | 15.70 |
| EV / EBIT | 29.42 | 38.00 | 32.02 | 46.50 | 51.55 | 88.34 | 71.85 | 77.44 | 58.91 | 86.26 | 88.02 |
| EV / FCF | — | 59.13 | 111.21 | 84.40 | 58.37 | 98.59 | 67.72 | 62.54 | 72.64 | 81.14 | 80.11 |
REXR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Rexford Industrial Realty, Inc. earns an operating margin of 37.9%, above the Real Estate sector average of 24.8%. Operating margins have compressed from 67.5% to 37.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 2.4% is modest. ROIC of 2.4% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.3% | 77.3% | 77.5% | 76.9% | 76.2% | 76.2% | 75.9% | 76.3% | 75.7% | 73.9% | 73.4% |
| Operating Margin | 37.9% | 37.9% | 68.8% | 67.5% | 66.0% | 65.3% | 64.7% | 65.0% | 63.7% | 60.2% | 58.4% |
| Net Profit Margin | 21.1% | 21.1% | 29.2% | 29.8% | 26.5% | 28.4% | 23.1% | 23.2% | 21.7% | 25.2% | 19.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.4% | 2.4% | 3.2% | 3.2% | 2.8% | 3.0% | 2.5% | 2.7% | 2.8% | 3.5% | 3.0% |
| ROA | 1.7% | 1.7% | 2.3% | 2.4% | 2.1% | 2.2% | 1.8% | 1.9% | 1.9% | 2.2% | 1.9% |
| ROIC | 2.4% | 2.4% | 4.3% | 4.2% | 4.1% | 4.0% | 3.9% | 4.3% | 4.4% | 4.1% | 4.3% |
| ROCE | 3.1% | 3.1% | 5.7% | 5.5% | 5.3% | 5.2% | 5.1% | 5.5% | 5.7% | 5.5% | 5.7% |
REXR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Rexford Industrial Realty, Inc. carries a Debt/EBITDA ratio of 5.0x, which is highly leveraged (37% below the sector average of 7.9x). Net debt stands at $3.3B ($3.5B total debt minus $166M cash). Interest coverage of 3.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.40 | 0.40 | 0.38 | 0.27 | 0.28 | 0.28 | 0.36 | 0.37 | 0.45 | 0.52 | 0.54 |
| Debt / EBITDA | 5.02 | 5.02 | 3.75 | 2.96 | 3.33 | 3.24 | 4.03 | 3.69 | 4.12 | 4.41 | 4.15 |
| Net Debt / Equity | — | 0.38 | 0.38 | 0.27 | 0.27 | 0.27 | 0.31 | 0.34 | 0.36 | 0.51 | 0.52 |
| Net Debt / EBITDA | 4.79 | 4.79 | 3.69 | 2.91 | 3.26 | 3.14 | 3.48 | 3.39 | 3.26 | 4.37 | 4.02 |
| Debt / FCF | — | 15.98 | 31.18 | 13.62 | 9.86 | 10.51 | 10.62 | 9.72 | 15.22 | 20.34 | 20.52 |
| Interest Coverage | 3.09 | 3.09 | 3.72 | 4.76 | 4.50 | 3.59 | 3.18 | 2.78 | 2.17 | 1.60 | 1.50 |
REXR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Rexford Industrial Realty, Inc.'s current ratio of 7.16x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.73x to 7.16x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.16 | 7.16 | 0.83 | 0.73 | 0.56 | 0.74 | 2.02 | 1.42 | 3.12 | 0.70 | 0.87 |
| Quick Ratio | 7.16 | 7.16 | 0.83 | 0.73 | 0.56 | 0.74 | 2.02 | 1.42 | 3.12 | 0.70 | 0.87 |
| Cash Ratio | 2.40 | 2.40 | 0.13 | 0.08 | 0.15 | 0.25 | 1.47 | 0.87 | 2.70 | 0.11 | 0.37 |
| Asset Turnover | — | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
REXR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Rexford Industrial Realty, Inc. returns 8.6% to shareholders annually — split between a 5.4% dividend yield and 3.2% buyback yield. The payout ratio exceeds 100% at 194.6%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.4% | 4.6% | 0.1% | 2.7% | 2.3% | 1.2% | 1.7% | 1.8% | 2.1% | 2.0% | 2.3% |
| Payout Ratio | 194.6% | 194.6% | 3.4% | 127.0% | 125.6% | 106.2% | 134.3% | 143.0% | 119.4% | 102.0% | 135.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.6% | 2.2% | 3.1% | 2.0% | 1.7% | 1.0% | 1.0% | 1.0% | 1.4% | 1.6% | 1.6% |
| FCF Yield | 2.7% | 2.3% | 1.2% | 1.4% | 2.1% | 1.1% | 1.8% | 1.9% | 1.7% | 1.6% | 1.7% |
| Buyback Yield | 3.2% | 2.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% |
| Total Shareholder Yield | 8.6% | 7.4% | 0.1% | 2.7% | 2.3% | 1.2% | 1.7% | 1.8% | 2.2% | 2.1% | 2.4% |
| Shares Outstanding | — | $233M | $218M | $203M | $171M | $140M | $121M | $107M | $87M | $72M | $63M |
Peer Comparison
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 | $8B | 38.5 | 16.1 | 37.7 | 77.3% | 37.9% | 2.4% | 2.4% | 5.0 |
 PLD | $135B | 39.7 | 27.3 | 26.9 | 59.6% | 40.2% | 5.9% | 2.9% | 5.7 |
 EGP | $11B | 41.1 | 24.8 | 26.5 | 43.3% | 39.9% | 7.6% | 4.3% | 3.5 |
 FR | $8B | 33.0 | 21.7 | 71.3 | 22.6% | 42.3% | 9.0% | 4.5% | 5.2 |
 STAG | $7B | 25.9 | 16.9 | 18.0 | 61.3% | 37.7% | 7.6% | 3.5% | 5.3 |
 LXP | $3B | 29.2 | 17.6 | 19.1 | -30.7% | 14.0% | 5.4% | 1.1% | 5.6 |
 TRNO | $7B | 16.4 | 24.7 | 32.8 | 75.8% | 40.4% | 10.3% | 3.0% | 3.0 |
 ILPT | $540M | -8.1 | 14.6 | 8.9 | 12.6% | 33.0% | -6.9% | 2.2% | 13.5 |
 IIPR | $2B | 15.2 | 10.3 | 9.7 | 88.7% | 46.7% | 6.0% | 4.3% | 2.0 |
 GTY | $2B | 24.2 | 16.4 | 15.6 | 40.2% | 54.9% | 7.8% | 4.6% | 5.7 |
 PLYM | $979M | 7.1 | 13.3 | 10.2 | 68.9% | 18.2% | 25.9% | 2.1% | 5.4 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 15 years · Updated daily
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REXR — Frequently Asked Questions
Quick answers to the most common questions about buying REXR stock.
What is Rexford Industrial Realty, Inc.'s P/E ratio?
Rexford Industrial Realty, Inc.'s current P/E ratio is 38.5x. The historical average is 67.9x. This places it at the 10th percentile of its historical range.
What is Rexford Industrial Realty, Inc.'s EV/EBITDA?
Rexford Industrial Realty, Inc.'s current EV/EBITDA is 16.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.8x.
What is Rexford Industrial Realty, Inc.'s ROE?
Rexford Industrial Realty, Inc.'s return on equity (ROE) is 2.4%. The historical average is 1.1%.
Is REXR stock overvalued?
Based on historical data, Rexford Industrial Realty, Inc. is trading at a P/E of 38.5x. This is at the 10th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Rexford Industrial Realty, Inc.'s dividend yield?
Rexford Industrial Realty, Inc.'s current dividend yield is 5.36% with a payout ratio of 194.6%.
What are Rexford Industrial Realty, Inc.'s profit margins?
Rexford Industrial Realty, Inc. has 77.3% gross margin and 37.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Rexford Industrial Realty, Inc. have?
Rexford Industrial Realty, Inc.'s Debt/EBITDA ratio is 5.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.