(REXR) Rexford Industrial Realty - NYSE
Sector: Real Estate | Industry: REIT - Industrial | Exchange: NYSE (USA) | Market Cap: 7.663m USD | Total Return: -2% in 12m
Avg Turnover: 86.8M
EPS Trend: 71.5%
Qual. Beats: 0
Rev. Trend: 95.8%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Rexford Industrial Realty (REXR) is a Los Angeles-based real estate investment trust (REIT) that invests in, operates, and repositions industrial properties concentrated in infill Southern California. The company targets what it describes as the worlds fourth largest industrial market and the highest-demand, lowest-supply major market in the U.S. over the long term.
REXRs strategy relies on proprietary value creation and asset management capabilities to drive both internal and external growth. Its portfolio comprises 419 properties with approximately 51.2 million rentable square feet, leased to a stable and diverse tenant base. As an industrial REIT, the company focuses on warehouse, logistics, and distribution properties-a sector that has benefited from sustained demand tied to e-commerce growth and supply chain reshoring.
The company is structured as a REIT, listed on the New York Stock Exchange, and is a member of the S&P MidCap 400 Index. Rexford Industrial was incorporated on January 18, 2013.
- SoCal infill industrial supply shortage drives sustained rent growth
- Same-property NOI expansion fueled by double-digit mark-to-market lease spreads
- Higher interest rates elevate acquisition cap rates and slow external growth
| Net Income: 232.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.77 > 1.0 |
| NWC/Revenue: -34.51% < 20% (prev 46.64%; Δ -81.15% < -1%) |
| CFO/TA 0.04 > 3% & CFO 530.7m > Net Income 232.0m |
| Net Debt (3.32b) to EBITDA (592.5m): 5.61 < 3 |
| Current Ratio: 0.16 > 1.5 & < 3 |
| Outstanding Shares: last quarter (228.3m) vs 12m ago 0.40% < -2% |
| Gross Margin: 61.27% > 18% (prev 77.63%; Δ -16.36% > 0.5%) |
| Asset Turnover: 7.76% > 50% (prev 7.45%; Δ 0.31% > 0%) |
| Interest Coverage Ratio: 2.80 > 6 (EBIT TTM 296.2m / Interest Expense TTM 105.7m) |
| A: -0.03 (Total Current Assets 63.7m - Total Current Liabilities 404.8m) / Total Assets 12.4b |
| B: -0.05 (Retained Earnings -651.7m / Total Assets 12.4b) |
| C: 0.02 (EBIT TTM 296.2m / Avg Total Assets 12.7b) |
| D: 2.19 (Book Value of Equity 8.26b / Total Liabilities 3.76b) |
| Altman-Z'' = 2.11 = BBB |
As of June 26, 2026, the stock is trading at USD 33.50 with a total of 2,033,322 shares traded. Over the past week, the price has changed by +3.17%, over one month by -8.44%, over three months by +1.50% and over the past year by -1.98%.
Current recommended Stop Loss: 32.30 (which is 3.6% or 1.5 ATR below the current price).
Rexford Industrial Realty has received a consensus analysts rating of 3.65. Therefore, it is recommended to hold REXR.
- StrongBuy: 5
- Buy: 2
- Hold: 9
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 39.3 | 17.3% |
P/E Trailing = 35.234
P/E Forward = 18.7617
P/S = 7.6942
P/B = 0.923
P/EG = 1.877
Revenue TTM = 988.5m USD
EBIT TTM = 296.2m USD
EBITDA TTM = 592.5m USD
Long Term Debt = 3.25b USD (from longTermDebt, last quarter)
Short Term Debt = 3.36b USD (from shortTermDebt, last quarter)
Debt = 3.37b USD (from shortLongTermDebtTotal, last quarter) + Leases 127.0m
Net Debt = 3.32b USD (calculated: Debt 3.37b - CCE 51.7m)
Enterprise Value = 11.0b USD (7.66b + Debt 3.37b - CCE 51.7m)
Interest Coverage Ratio = 2.80 (Ebit TTM 296.2m / Interest Expense TTM 105.7m)
EV/FCF = 51.48x (Enterprise Value 11.0b / FCF TTM 213.4m)
FCF Yield = 1.94% (FCF TTM 213.4m / Enterprise Value 11.0b)
FCF Margin = 21.59% (FCF TTM 213.4m / Revenue TTM 988.5m)
Net Margin = 23.47% (Net Income TTM 232.0m / Revenue TTM 988.5m)
Gross Margin = 61.27% ((Revenue TTM 988.5m - Cost of Revenue TTM 382.8m) / Revenue TTM)
Gross Margin QoQ = 76.84% (prev 11.54%)
Tobins Q-Ratio = 0.89 (Enterprise Value 11.0b / Total Assets 12.4b)
Interest Expense / Debt = 3.13% (Interest Expense 105.7m / Debt 3.37b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 234.0m (EBIT 296.2m * (1 - 21.00%))
Current Ratio = 0.16 (Total Current Assets 63.7m / Total Current Liabilities 404.8m)
Debt / Equity = 0.41 (Debt 3.37b / totalStockholderEquity, last quarter 8.26b)
Debt / EBITDA = 5.61 (Net Debt 3.32b / EBITDA 592.5m)
Debt / FCF = 15.57 (Net Debt 3.32b / FCF TTM 213.4m)
Total Stockholder Equity = 8.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.82% (Net Income 232.0m / Total Assets 12.4b)
RoE = 2.71% (Net Income TTM 232.0m / Total Stockholder Equity 8.56b)
RoCE = 2.51% (EBIT 296.2m / Capital Employed (Equity 8.56b + L.T.Debt 3.25b))
RoIC = 1.53% (NOPAT 234.0m / Invested Capital 15.3b)
WACC = 6.43% (E(7.66b)/V(11.0b) * Re(8.17%) + D(3.37b)/V(11.0b) * Rd(3.13%) * (1-Tc(0.21)))
Discount Rate = 8.17% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.33 | Cagr: 3.71%
[DCF] Terminal Value 77.97% ; FCFF base≈178.1m ; Y1≈204.1m ; Y5≈300.4m
[DCF] Fair Price = 5.31 (EV 4.52b - Net Debt 3.32b = Equity 1.20b / Shares 225.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 71.47 | EPS CAGR: 5.72% | SUE: 0.60 | # QB: 0
Revenue Correlation: 95.80 | Revenue CAGR: 12.84% | SUE: 0.42 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.26 | Chg30d=-2.15% | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.26 | Chg30d=-8.04% | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=0.98 | Chg30d=N/A | Revisions=N/A | GrowthEPS=-10.4% | GrowthRev=-3.7%
EPS next Year (2027-12-31): EPS=0.95 | Chg30d=+1.35% | Revisions=+20% | GrowthEPS=-3.9% | GrowthRev=+1.4%
[Analyst] Revisions Ratio: +20%