Rexford Industrial Realty (REXR) AI Stock Analysis

• Market Cap: $9.34B
• Dividend Yield: 4.31%
• Average Volume (3M): 2.81M
• Price to Earnings (P/E): 29.3
• Beta (1Y): 0.92
• Revenue Growth: 13.66%
• EPS Growth: 11.34%
• Country: US
• Employees: 271
• Sector: Real Estate
• Sector Strength: 48
• Industry: REIT - Industrial
• EPS (TTM): 0.48
• Shares Outstanding: 236,672,040
• 10 Day Avg. Volume: 2,280,504
• 30 Day Avg. Volume: 2,806,427
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 12.00
• Enterprise Value/Gross Profit: 15.47
• Enterprise Value/Ebitda: 16.05
• 1Y Price Target: $39.67
• Price Target Upside: 0.84% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 74 Outperform
• Price Target: $41.00 ▲(4.22% Upside)

Rexford Industrial Realty's overall stock score reflects strong financial performance and positive earnings call insights, tempered by a premium valuation and moderate technical indicators. The company's strategic initiatives and solid tenant base provide a positive outlook, despite some market challenges.

Positive Factors

Interest Expense

Interest expense guidance decreased, which is considered a positive relative to expectations.

Lease Activity

The company reported 519KSF of lease-up in the redevelop/reposition portfolio, a key positive.

Negative Factors

Market Rent Decline

REXR's estimate of market rents declined -12.8% year over year.

Occupancy

Total portfolio occupancy declined to 89.2%.

Rent Growth

The recovery in rents is pushed out longer than expected which clips valuation and provides limited upside.

Rexford Industrial Realty Business Overview & Revenue Model

Company Description

Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

How the Company Makes Money

Rexford Industrial Realty generates revenue primarily through leasing its industrial properties to a variety of tenants, including logistics and distribution companies. The company's revenue model is based on long-term lease agreements that provide stable and predictable cash flows. Key revenue streams include rental income from these leases, as well as potential income from property management services. Additionally, REXR benefits from strategic partnerships with tenants that may involve co-development or build-to-suit projects, further enhancing its earnings potential. The demand for industrial space, driven by trends in e-commerce and supply chain logistics, also significantly contributes to the company's revenue growth.

Rexford Industrial Realty Financial Statement Overview

Summary

Rexford Industrial Realty demonstrates strong financial performance with impressive income growth and healthy profit margins. The balance sheet shows a conservative debt approach and strong equity base, while cash flow management is efficient with robust free cash flow generation.

Income Statement

Rexford Industrial Realty shows a strong performance in income growth. The gross profit margin is healthy at 70.7% for TTM, and the net profit margin stands at 28.5%, indicating efficient management and cost control. Revenue growth is robust, with a 22.9% increase from 2023 to 2024. The EBIT and EBITDA margins are also strong at 38.8% and 69.2% respectively, reflecting solid operational efficiency. The company has consistently improved revenue and profit margins over the past few years.

Balance Sheet

The balance sheet of Rexford Industrial Realty reflects a stable financial position. The debt-to-equity ratio is 0.40, indicating a conservative use of debt in financing its operations. The return on equity (ROE) is a healthy 3.2% for TTM, showing the company's ability to generate profits from its equity base. The equity ratio is 67.3%, which implies a strong equity position relative to its assets. Overall, the company maintains a cautious approach to leverage and sustains a strong equity base.

Cash Flow

Rexford Industrial Realty demonstrates solid cash flow management. The free cash flow growth rate is 18.5%, highlighting efficient capital expenditure management and operational cash generation. The operating cash flow to net income ratio is 1.79, indicating robust cash generation relative to accounting profits. The free cash flow to net income ratio of 0.45 suggests that a significant portion of income is converted into free cash flow, supporting ongoing investments and dividend payments.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	936.41M	797.83M	631.20M	452.24M	330.13M
Gross Profit	726.15M	613.35M	480.70M	344.52M	250.42M
EBITDA	659.77M	538.32M	414.88M	295.53M	202.97M
Net Income	273.80M	238.02M	167.58M	128.24M	76.40M
Balance Sheet
Total Assets	12.65B	10.93B	9.26B	6.78B	4.95B
Cash, Cash Equivalents and Short-Term Investments	55.97M	33.44M	36.79M	43.99M	176.29M
Total Debt	3.35B	2.23B	2.09B	1.53B	1.28B
Total Liabilities	3.92B	2.79B	2.34B	1.71B	1.42B
Stockholders Equity	8.32B	7.77B	6.56B	4.78B	3.25B
Cash Flow
Free Cash Flow	105.53M	160.98M	192.60M	128.99M	104.23M
Operating Cash Flow	478.92M	427.55M	327.69M	231.46M	182.99M
Investing Cash Flow	-1.84B	-1.68B	-2.45B	-1.91B	-987.52M
Financing Cash Flow	1.38B	1.25B	2.11B	1.55B	903.20M

Rexford Industrial Realty Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 39.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For REXR, the sentiment is Positive. The current price of 39.34 is above the 20-day moving average (MA) of 37.34, above the 50-day MA of 36.82, and above the 200-day MA of 37.47, indicating a bullish trend. The MACD of 0.55 indicates Negative momentum. The RSI at 65.28 is Neutral, neither overbought nor oversold. The STOCH value of 81.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for REXR.

Rexford Industrial Realty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STAG	79 Outperform	$6.88B	28.56	6.89%	4.14%	8.56%	22.20%
EGP	78 Outperform	$8.89B	35.95	7.66%	3.40%	11.22%	-3.16%
REXR	74 Outperform	$9.34B	29.34	3.74%	4.31%	13.66%	11.34%
FR	74 Outperform	$6.91B	24.74	10.33%	3.26%	9.66%	-4.60%
TRNO	72 Outperform	$5.75B	22.17	6.85%	3.52%	22.17%	40.80%
LXP	69 Neutral	$2.41B	29.42	4.15%	6.15%	6.64%	210.89%
Sector *	63 Neutral	$6.93B	13.52	-0.57%	7.16%	3.62%	-22.63%

Rexford Industrial Realty Corporate Events

Rexford Industrial Realty Announces $1.25B Stock Offering

On July 22, 2025, Rexford Industrial Realty, Inc. and its Operating Partnership entered into equity distribution agreements with BMO Capital Markets Corp., Bank of Montreal, BNP Paribas Securities Corp., and BNP PARIBAS for the sale of up to $1.25 billion in common stock through ‘at the market’ offerings. Additionally, an omnibus amendment was made to existing agreements to include these new participants. As of that date, $322.6 million in stock had been sold, leaving $927.4 million available for future sales, reflecting the company’s strategic move to enhance its capital structure and market presence.

The most recent analyst rating on (REXR) stock is a Buy with a $57.00 price target. To see the full list of analyst forecasts on Rexford Industrial Realty stock, see the REXR Stock Forecast page.

Rexford Industrial Realty Updates Tax Considerations

On October 23, 2023, Rexford Industrial Realty filed a Registration Statement with the SEC, updating its U.S. Federal Income Tax Considerations. This filing outlines the tax implications of its REIT status and the ownership of its securities, emphasizing the complexity and potential changes in tax laws that could impact its REIT qualification and tax obligations. The company has been advised by Latham & Watkins LLP on its REIT status since 2013, but there is no guarantee that its tax considerations will remain unchallenged by the IRS.

The most recent analyst rating on (REXR) stock is a Buy with a $57.00 price target. To see the full list of analyst forecasts on Rexford Industrial Realty stock, see the REXR Stock Forecast page.

Rexford Industrial Realty Q2 2025 Financial Results Surge

Rexford Industrial Realty announced its financial results for the second quarter of 2025, reporting a net income of $113.4 million, up from $79.8 million in the same quarter the previous year. The company executed 1.7 million square feet of new and renewal leases, with rental rates increasing significantly, and maintained a strong occupancy rate. Additionally, Rexford sold two properties for $81.6 million, achieving a 12.8% unlevered IRR, and ended the quarter with a robust balance sheet, highlighted by a low leverage ratio and substantial liquidity.

The most recent analyst rating on (REXR) stock is a Buy with a $57.00 price target. To see the full list of analyst forecasts on Rexford Industrial Realty stock, see the REXR Stock Forecast page.

Rexford Industrial Realty Appoints New Chairman

On June 3, 2025, Rexford Industrial Realty held its Annual Meeting of Stockholders, where key proposals were approved, including the election of directors and the ratification of KPMG LLP as the independent accounting firm for 2025. Additionally, Tyler H. Rose was appointed as the new Chairman of the Board, succeeding Richard Ziman, who retired. Mr. Rose, with extensive experience in the real estate industry, has been an independent director since 2015 and will continue to contribute to the company’s strategic direction.

The most recent analyst rating on (REXR) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Rexford Industrial Realty stock, see the REXR Stock Forecast page.

Rexford Industrial Realty Secures $1.25 Billion Credit Facility

On May 30, 2025, Rexford Industrial Realty, Inc. and its borrowing entity entered into a Fifth Amended and Restated Credit Agreement with Bank of America and other lenders, establishing a $1.25 billion revolving credit facility and a $700 million term loan facility. This agreement, which includes sustainability-linked pricing and various financial covenants, aims to enhance the company’s financial flexibility and support its strategic growth initiatives in the competitive industrial real estate market.

The most recent analyst rating on (REXR) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Rexford Industrial Realty stock, see the REXR Stock Forecast page.