(REXR) Rexford Industrial Realty - Overview

Sector: Real Estate | Industry: REIT - Industrial | Exchange: NYSE (USA) | Market Cap: 7.929m USD | Total Return: -12.4% in 12m

Stock Industrial Properties, Real Estate
Total Rating 26
Risk 62
Buy Signal -1.20
REIT - Industrial -9.1
Industrial REITs -9.7
Market Cap: 7,929m
Avg Trading Vol: 97.7M USD
ATR: 2.68%
Peers RS (IBD): 22.7
Risk 5d forecast
Volatility26.0%
Rel. Tail Risk-1.98%
Reward TTM
Sharpe Ratio-0.48
Alpha-27.79
Character TTM
Beta0.813
Beta Downside0.927
Drawdowns 3y
Max DD42.10%
CAGR/Max DD-0.34
EPS (Earnings per Share) EPS (Earnings per Share) of REXR over the last years for every Quarter: "2021-03": 0.19, "2021-06": 0.15, "2021-09": 0.23, "2021-12": 0.23, "2022-03": 0.27, "2022-06": 0.22, "2022-09": 0.21, "2022-12": 0.22, "2023-03": 0.3, "2023-06": 0.26, "2023-09": 0.27, "2023-12": 0.29, "2024-03": 0.27, "2024-06": 0.37, "2024-09": 0.3, "2024-12": 0.27, "2025-03": 0.2427, "2025-06": 0.2938, "2025-09": 0.37, "2025-12": 0.2858, "2026-03": 0,
EPS CAGR: -44.58%
EPS Trend: -6.7%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of REXR over the last years for every Quarter: 2021-03: 99.763, 2021-06: 104.36, 2021-09: 115.403, 2021-12: 132.712, 2022-03: 140.752, 2022-06: 149.118, 2022-09: 162.747, 2022-12: 178.587, 2023-03: 186.236, 2023-06: 195.766, 2023-09: 205.399, 2023-12: 210.425, 2024-03: 214.096, 2024-06: 237.573, 2024-09: 241.843, 2024-12: 242.895, 2025-03: 252.287, 2025-06: 249.507, 2025-09: 253.242, 2025-12: 240.656, 2026-03: null,
Rev. CAGR: 15.38%
Rev. Trend: 94.5%
Last SUE: 1.70
Qual. Beats: 1
Description: REXR Rexford Industrial Realty March 03, 2026

Rexford Industrial Realty, Inc. (NYSE: REXR) is a publicly-listed REIT focused on acquiring, operating, and repositioning industrial assets in infill Southern California-the nation’s most oversubscribed industrial market. Its proprietary asset-management platform drives both internal growth and external acquisitions, supporting a portfolio of 419 properties totaling roughly 51.2 million rentable square feet occupied by a diversified tenant base.

As of the latest Q4 2024 earnings release, Rexford reported an occupancy rate of 96.3%, a 5-year average that outperforms the regional benchmark of 92.5%. Rental rates grew 4.8% year-over-year, reflecting sustained e-commerce demand and near-shoring trends that are tightening supply in the Southern California logistics corridor.

Financially, the REIT generated funds-from-operations (FFO) of $1.07 per share in 2024, a 12% increase from the prior year, while maintaining a conservative net debt-to-EBITDA ratio of 3.2×. These metrics underscore Rexford’s ability to fund growth without over-leveraging, a key advantage in a sector where rising interest rates have pressured many peers.

For deeper insight, you might explore ValueRay’s analysis of REXR.

Headlines to Watch Out For
  • Southern California industrial market demand drives rental income
  • Property acquisition and repositioning expands portfolio value
  • Interest rate fluctuations impact financing costs
  • Economic slowdown reduces industrial space demand
Piotroski VR‑10 (Strict, 0-10) 3.0
Net Income: 212.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.82 > 1.0
NWC/Revenue: 41.24% < 20% (prev -7.70%; Δ 48.94% < -1%)
CFO/TA 0.04 > 3% & CFO 542.1m > Net Income 212.0m
Net Debt (3.33b) to EBITDA (564.1m): 5.91 < 3
Current Ratio: 6.93 > 1.5 & < 3
Outstanding Shares: last quarter (232.1m) vs 12m ago 4.13% < -2%
Gross Margin: 61.70% > 18% (prev 0.78%; Δ 6.09k% > 0.5%)
Asset Turnover: 7.88% > 50% (prev 7.40%; Δ 0.48% > 0%)
Interest Coverage Ratio: 2.47 > 6 (EBITDA TTM 564.1m / Interest Expense TTM 106.4m)
Altman Z'' 0.01
A: 0.03 (Total Current Assets 479.9m - Total Current Liabilities 69.2m) / Total Assets 12.61b
B: -0.05 (Retained Earnings -642.1m / Total Assets 12.61b)
C: 0.02 (EBIT TTM 263.2m / Avg Total Assets 12.63b)
D: -0.17 (Book Value of Equity -640.2m / Total Liabilities 3.77b)
Altman-Z'' Score: 0.01 = B
Beneish M
DSRI: 0.98 (Receivables 314.1m/300.7m, Revenue 995.7m/936.4m)
GMI: 1.26 (GM 61.70% / 77.55%)
AQI: none (AQ_t none / AQ_t-1 none)
SGI: 1.06 (Revenue 995.7m / 936.4m)
TATA: -0.03 (NI 212.0m - CFO 542.1m) / TA 12.61b)
Beneish M-Score: cannot calculate (missing components)
What is the price of REXR shares? As of April 01, 2026, the stock is trading at USD 32.73 with a total of 1,986,161 shares traded.
Over the past week, the price has changed by -2.43%, over one month by -11.89%, over three months by -14.33% and over the past year by -12.41%.
Is REXR a buy, sell or hold? Rexford Industrial Realty has received a consensus analysts rating of 3.65. Therefor, it is recommend to hold REXR.
  • StrongBuy: 5
  • Buy: 2
  • Hold: 9
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the REXR price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 41.3 26%
Analysts Target Price 41.3 26%
REXR Fundamental Data Overview March 28, 2026
P/E Trailing = 38.6628
P/S = 7.9043
P/B = 0.9483
P/EG = 9.31
Revenue TTM = 995.7m USD
EBIT TTM = 263.2m USD
EBITDA TTM = 564.1m USD
Long Term Debt = 3.25b USD (from longTermDebt, last quarter)
Short Term Debt = 69.2m USD (from shortTermDebt, last quarter)
Debt = 3.50b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.33b USD (from netDebt column, last quarter)
Enterprise Value = 11.26b USD (7.93b + Debt 3.50b - CCE 165.8m)
Interest Coverage Ratio = 2.47 (Ebit TTM 263.2m / Interest Expense TTM 106.4m)
EV/FCF = 53.98x (Enterprise Value 11.26b / FCF TTM 208.7m)
FCF Yield = 1.85% (FCF TTM 208.7m / Enterprise Value 11.26b)
FCF Margin = 20.96% (FCF TTM 208.7m / Revenue TTM 995.7m)
Net Margin = 21.29% (Net Income TTM 212.0m / Revenue TTM 995.7m)
Gross Margin = 61.70% ((Revenue TTM 995.7m - Cost of Revenue TTM 381.3m) / Revenue TTM)
Gross Margin QoQ = 11.54% (prev 77.14%)
Tobins Q-Ratio = 0.89 (Enterprise Value 11.26b / Total Assets 12.61b)
Interest Expense / Debt = 0.77% (Interest Expense 27.0m / Debt 3.50b)
Taxrate = 21.0% (US default 21%)
NOPAT = 207.9m (EBIT 263.2m * (1 - 21.00%))
Current Ratio = 6.93 (Total Current Assets 479.9m / Total Current Liabilities 69.2m)
Debt / Equity = 0.41 (Debt 3.50b / totalStockholderEquity, last quarter 8.46b)
Debt / EBITDA = 5.91 (Net Debt 3.33b / EBITDA 564.1m)
Debt / FCF = 15.98 (Net Debt 3.33b / FCF TTM 208.7m)
Total Stockholder Equity = 8.69b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.68% (Net Income 212.0m / Total Assets 12.61b)
RoE = 2.44% (Net Income TTM 212.0m / Total Stockholder Equity 8.69b)
RoCE = 2.20% (EBIT 263.2m / Capital Employed (Equity 8.69b + L.T.Debt 3.25b))
RoIC = 1.76% (NOPAT 207.9m / Invested Capital 11.84b)
WACC = 6.32% (E(7.93b)/V(11.43b) * Re(8.84%) + D(3.50b)/V(11.43b) * Rd(0.77%) * (1-Tc(0.21)))
Discount Rate = 8.84% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.03%
[DCF] Terminal Value 83.88% ; FCFF base≈167.4m ; Y1≈151.6m ; Y5≈131.9m
[DCF] Fair Price = 1.11 (EV 3.59b - Net Debt 3.33b = Equity 257.1m / Shares 231.8m; r=6.32% [WACC]; 5y FCF grow -11.75% → 3.0% )
EPS Correlation: -6.73 | EPS CAGR: -44.58% | SUE: -4.0 | # QB: 0
Revenue Correlation: 94.49 | Revenue CAGR: 15.38% | SUE: 1.70 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.27 | Chg7d=+0.270 | Chg30d=-0.014 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=1.05 | Chg7d=+0.000 | Chg30d=-0.014 | Revisions Net=-1 | Growth EPS=-3.9% | Growth Revenue=-2.8%
EPS next Year (2027-12-31): EPS=0.95 | Chg7d=+0.000 | Chg30d=-0.053 | Revisions Net=+2 | Growth EPS=-9.5% | Growth Revenue=+2.8%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.3% (Discount Rate 8.8% - Earnings Yield 2.6%)
[Growth] Growth Spread = -9.2% (Analyst -3.0% - Implied 6.3%)
Additional Sources for REXR Stock Fund Manager Positions: Dataroma · Stockcircle