(REXR) Rexford Industrial Realty - Overview
Sector: Real Estate | Industry: REIT - Industrial | Exchange: NYSE (USA) | Market Cap: 8.371m USD | Total Return: 5.1% in 12m
Avg Turnover: 63.1M
EPS Trend: 73.0%
Qual. Beats: 1
Rev. Trend: 95.8%
Qual. Beats: 0
Warnings
Altman Z'' -0.38 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Rexford Industrial Realty (REXR) is a real estate investment trust (REIT) focused exclusively on acquiring, managing, and repositioning industrial properties within infill Southern California. As the fourth largest industrial market globally, this region is characterized by high barriers to entry and a chronic imbalance between high demand and limited land supply for new development. The company’s portfolio consists of 419 properties totaling approximately 51.2 million rentable square feet.
Operating as an industrial REIT, Rexford generates revenue primarily through triple-net leases, where tenants are responsible for property taxes, insurance, and maintenance costs. The business model prioritizes infill locations-urban areas where existing structures are modernized to serve last-mile logistics and regional distribution needs. This strategy leverages the scarcity of industrial zoning in densely populated coastal markets to drive rent growth.
Investors may find additional data points and valuation metrics for this REIT on ValueRay. Founded in 2013 and headquartered in Maryland, the company is a constituent of the S&P MidCap 400 Index and maintains a diverse tenant base across multiple industries.
- Low vacancy rates in Southern California infill markets drive rental rate growth
- Mark-to-market rent spreads on lease expirations boost internal cash flow growth
- Strategic property acquisitions and repositioning projects expand the high-quality industrial portfolio
- Interest rate fluctuations impact cost of capital and real estate valuation multiples
- Regional economic activity in Southern California dictates demand for warehouse and distribution space
| 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 0.78%; Δ 6.05k% > 0.5%) |
| Asset Turnover: 7.76% > 50% (prev 7.45%; Δ 0.31% > 0%) |
| Interest Coverage Ratio: 2.80 > 6 (EBITDA TTM 592.5m / 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: -0.17 (Book Value of Equity -646.5m / Total Liabilities 3.76b) |
| Altman-Z'' = -0.38 = B |
As of May 29, 2026, the stock is trading at USD 36.01 with a total of 1,176,120 shares traded.
Over the past week, the price has changed by -0.06%,
over one month by +0.47%,
over three months by -2.60% and
over the past year by +5.10%.
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 | 39.7 | 10.2% |
P/E Trailing = 38.4894
P/E Forward = 18.7617
P/S = 8.405
P/B = 1.0083
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 = 11.7b USD (8.37b + Debt 3.37b - CCE 51.7m)
Interest Coverage Ratio = 2.80 (Ebit TTM 296.2m / Interest Expense TTM 105.7m)
EV/FCF = 54.80x (Enterprise Value 11.7b / FCF TTM 213.4m)
FCF Yield = 1.82% (FCF TTM 213.4m / Enterprise Value 11.7b)
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 = 0.94 (Enterprise Value 11.7b / Total Assets 12.4b)
Interest Expense / Debt = 3.13% (Interest Expense 105.7m / Debt 3.37b)
Taxrate = 21.0% (US 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 = 2.52% (Net Income TTM 232.0m / Total Stockholder Equity 9.21b)
RoCE = 2.38% (EBIT 296.2m / Capital Employed (Equity 9.21b + L.T.Debt 3.25b))
RoIC = 1.53% (NOPAT 234.0m / Invested Capital 15.3b)
WACC = 6.80% (E(8.37b)/V(11.7b) * Re(8.55%) + D(3.37b)/V(11.7b) * Rd(3.13%) * (1-Tc(0.21)))
Discount Rate = 8.55% (= 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: 73.04 | EPS CAGR: 5.85% | SUE: 2.66 | # QB: 1
Revenue Correlation: 95.80 | Revenue CAGR: 12.84% | SUE: 0.42 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.27 | Chg30d=+0.00% | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.28 | Chg30d=+7.69% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=1.25 | Chg30d=+6.79% | Revisions=+20% | GrowthEPS=+45.1% | GrowthRev=-3.8%
EPS next Year (2027-12-31): EPS=0.93 | Chg30d=+5.07% | Revisions=+20% | GrowthEPS=-15.5% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: +20%