Rexford Industrial Realty, Inc. (REXR)

Rexford Industrial Realty, Inc. creates value by investing in, operating and repositioning industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation over the long term. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. As of June 30, 2026, Rexford Industrial's high-quality, irreplaceable portfolio comprised 409 properties with approximately 49.9 million rentable square feet occupied by a stable and diverse tenant base. Rexford Industrial Realty, Inc. was incorporated on January 18th, 2013, and is based in Los Angeles, United States.

Ticker: REXR
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Industrial
Market cap: $8.23B
52-week range: $32.14 - $42.41

Valuation

Share price: $37.80 (close of Nov 6, 2026)
P/E (TTM): -18.00x
Price to book: 1.10x
Price to free cash flow: 16.09x
Enterprise value: $10.57B
Book value per share: $34.51

Price performance

Period	Change
1 day	-0.92%
5 days	-1.10%
1 month	+2.72%
3 months	+3.56%
6 months	+4.33%
Year to date	-2.38%
1 year	-7.58%
3 years	-16.63%
5 years	-44.42%
10 years	+82.87%
All time	+169.23%

Short interest

As of: Oct 15, 2026
Short % of float: 7.61%
Shares short: 12.20M
Days to cover: 4.06
Change since prior report: +0.98%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 2.40%
Return on assets: 1.68%
Net margin: 21.14%
Revenue growth: 7.13%
Net income growth: -22.56%
Free cash flow growth: 13.19%

Cash flow and balance sheet

Free cash flow yield (TTM): 6.21%
Net debt to EBITDA: -30.90x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $1.00B
Net income: $212.03M
Earnings per share: $0.86
Interest expense: $104.90M
Shares outstanding: 232.48M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$1.00B	$212.03M	$0.86
2024-12-31	$936.41M	$273.80M	$1.20
2023-12-31	$797.83M	$238.02M	$1.12
2022-12-31	$631.20M	$167.58M	$0.92
2021-12-31	$452.24M	$128.24M	$0.80
2020-12-31	$330.13M	$76.40M	$0.51
2019-12-31	$267.21M	$61.98M	$0.47
2018-12-31	$212.49M	$46.21M	$0.42
2017-12-31	$161.35M	$40.71M	$0.48
2016-12-31	$126.19M	$25.13M	$0.36

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	21.14%	2.40%
2024-12-31	29.24%	3.14%
2023-12-31	29.83%	2.92%
2022-12-31	26.55%	2.42%
2021-12-31	28.36%	2.53%
2020-12-31	23.14%	2.16%
2019-12-31	23.19%	2.36%
2018-12-31	21.75%	2.42%
2017-12-31	25.23%	2.98%
2016-12-31	19.91%	2.61%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$165.78M	$3.25B
2024-12-31	$55.97M	$3.35B
2023-12-31	$33.44M	$2.23B
2022-12-31	$36.79M	$1.94B
2021-12-31	$43.99M	$1.40B
2020-12-31	$176.29M	$1.22B
2019-12-31	$78.86M	$857.84M
2018-12-31	$180.60M	$757.37M
2017-12-31	$6.62M	$668.94M
2016-12-31	$15.53M	$500.18M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$542.09M	$100.48M
2024-12-31	$478.92M	$41.60M
2023-12-31	$427.55M	$33.64M
2022-12-31	$327.69M	$28.43M
2021-12-31	$231.46M	$19.51M
2020-12-31	$182.99M	$12.87M
2019-12-31	$139.51M	$10.76M
2018-12-31	$102.78M	$10.15M
2017-12-31	$76.65M	$5.40M
2016-12-31	$56.43M	$3.83M

Dividend history

Most recent payment: Sep 30, 2026
Paid in the last twelve months: $1.73

Payment date	Dividend per share
2026-09-30	$0.43
2026-06-30	$0.43
2026-03-31	$0.43
2025-12-31	$0.43
2025-09-30	$0.43
2025-06-30	$0.43
2025-03-31	$0.43
2024-12-31	$0.42

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-22	Sep 2026	$0.60
2026-07-23	Jun 2026	$0.60
2026-04-23	Mar 2026	$0.60
2026-02-04	Dec 2025	$0.58
2025-10-15	Sep 2025	$0.59
2025-07-16	Jun 2025	$0.58
2025-04-16	Mar 2025	$0.57
2025-02-05	Dec 2024	$0.58

Filings and sources

Company website: rexfordindustrial.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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