Rexford Industrial Realty, Inc. REXR

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

We are a self-administered and self-managed full-service REIT focused on owning, operating and acquiring industrial properties in Southern California infill markets. Our goal is to generate attractive risk-adjusted returns for our stockholders by providing superior access to industrial property investments and mortgage debt investments secured by industrial property in high-barrier Southern California infill markets.

We were formed as a Maryland corporation on January 18, 2013 and Rexford Industrial Realty, L.P. (the "Operating Partnership"), of which we are the sole general partner, was formed as a Maryland limited partnership on January 18, 2013. Through our controlling interest in our Operating Partnership and its subsidiaries, we acquire, own, improve, reposition, develop, lease and manage industrial real estate primarily located in Southern California infill markets, and from time to time, acquire or provide mortgage debt secured by industrial property. We also sell assets programmatically as part of our capital allocation strategy. As of December 31, 2025, our consolidated portfolio consisted of 419 properties with approximately 51.2 million rentable square feet.

Last close 38.71 2026-10-23
Market cap $8.63B 2026-06-30 share count
52-week range 32.14 - 42.66

Valuation FY2025 figures against the last close

P/S14,655.1x
P/E45.0x
P/FCF41.4x
EV/EBITDA—
Dividend yield4.6%
Diluted EPS0.86

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $589.0K$611.0K$682.0K$616.0K$468.0K$420.0K$406.0K$473.0K$493.0K$473.0K
SG&A $78.9M$82.2M$75.0M$64.3M$49.0M$36.8M$30.3M$25.2M$21.6M$17.4M
Total operating expenses $622.5M$567.7M$504.0M$411.6M$308.0M$231.8M$192.5M$156.9M$128.6M$102.4M
Interest expense $104.9M$98.6M$61.4M$48.5M$40.1M$30.8M$26.9M$25.4M$20.2M$14.8M
Net income $219.8M$285.9M$249.6M$177.2M$136.2M$76.4M$62.0M$46.2M$40.7M$25.1M
EPS, basic 0.861.201.120.920.800.510.470.420.480.36
EPS, diluted 0.861.201.120.920.800.510.470.410.480.36
Shares, diluted (wtd. avg.) 232.6M218.5M203.1M171.0M140.1M121.2M106.8M87.3M71.6M63.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $165.8M$56.0M$33.4M$36.8M$44.0M$177.5M$78.9M$180.6M$6.9M$15.5M
Other intangibles $140.6M$201.5M$153.7M$170.0M$132.2M$92.2M$73.1M$55.7M$49.2M$36.4M
Total assets $12.61B$12.65B$10.93B$9.26B$6.78B$4.95B$3.64B$2.79B$2.11B$1.52B
Long-term debt $3.25B$3.35B$2.23B$1.94B$1.40B$1.22B$857.8M$757.4M$668.9M$500.2M
Total liabilities $3.77B$3.92B$2.79B$2.34B$1.71B$1.42B$1.02B$879.3M$746.1M$552.9M
Total equity $8.46B$8.32B$8.14B$6.92B$5.07B$3.53B$2.62B$1.91B$1.37B$962.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $542.1M$478.9M$427.5M$327.7M$231.5M$183.0M$139.5M$102.8M$76.7M$56.4M
Stock-based compensation $100.5M$41.6M$33.6M$28.4M$19.5M$12.9M$10.8M$10.1M$5.4M$3.8M
Capital expenditure $333.4M$373.4M$266.6M$135.1M$102.5M$78.8M$47.2M$58.0M$42.3M$31.9M
Investing cash flow -$125.1M-$1.84B-$1.68B-$2.45B-$1.91B-$987.5M-$972.7M-$507.2M-$606.9M-$361.2M
Financing cash flow -$307.2M$1.38B$1.25B$2.11B$1.55B$903.2M$731.5M$578.2M$521.6M$315.1M
Dividends paid $397.5M$354.2M$290.7M$201.9M$129.8M$99.3M$75.5M$53.7M$40.2M$32.9M
Buybacks $250.1M$0$0——————$747.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001571283-26-000012.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100M 200M 300M Revenue, FY2016: 473K Net income, FY2016: 25.1M Revenue, FY2017: 493K Net income, FY2017: 40.7M Revenue, FY2018: 473K Net income, FY2018: 46.2M Revenue, FY2019: 406K Net income, FY2019: 62M Revenue, FY2020: 420K Net income, FY2020: 76.4M Revenue, FY2021: 468K Net income, FY2021: 136.2M Revenue, FY2022: 616K Net income, FY2022: 177.2M Revenue, FY2023: 682K Net income, FY2023: 249.6M Revenue, FY2024: 611K Net income, FY2024: 285.9M Revenue, FY2025: 589K Net income, FY2025: 219.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $473.0K $493.0K $473.0K $406.0K $420.0K $468.0K $616.0K $682.0K $611.0K $589.0K
Gross profit — — — — — — — — — —
Net income $25.1M $40.7M $46.2M $62.0M $76.4M $136.2M $177.2M $249.6M $285.9M $219.8M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Code of ethics change The code of ethics changed, or somebody was excused from part of it. Item 5.05
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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