Rexford Industrial Realty (REXR) AI Stock Analysis

• Market Cap: $9.40B
• Dividend Yield: 4.3%
• Average Volume (3M): 2.07M
• Price to Earnings (P/E): 28.0
• Beta (1Y): 0.74
• Revenue Growth: 10.27%
• EPS Growth: 15.25%
• Country: US
• Employees: 271
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 0.37
• Shares Outstanding: 232,810,410
• 10 Day Avg. Volume: 2,703,382
• 30 Day Avg. Volume: 2,069,702
• PEG Ratio: 4.31
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 9.01
• P/FCF Ratio: 79.97
• Enterprise Value/Market Cap: 1.41
• Enterprise Value/Revenue: 13.26
• Enterprise Value/Gross Profit: 17.11
• Enterprise Value/Ebitda: 19.27
• 1Y Price Target: $44.50
• Price Target Upside: 10.26% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 13
• EPS Forecast (FY): 1.42
• Revenue Forecast (FY): $990.56M

• Rating: 76 Outperform
• Price Target: $45.00 ▲(11.50% Upside)

Rexford Industrial Realty's overall score reflects its strong financial performance and positive corporate events, which are the most significant factors. The technical analysis indicates some short-term bearish trends, while the valuation suggests a premium price. The company's strategic leadership changes and strong financial results further support its growth potential.

Positive Factors

Revenue Growth

Consistent revenue growth indicates robust market demand for Rexford's industrial properties, supporting long-term business expansion and stability.

Leadership Transition

The appointment of an experienced CEO with a strong background in real estate is expected to enhance strategic direction and operational efficiency.

Cash Flow Management

Effective cash flow management supports reinvestment and dividend potential, ensuring financial flexibility and long-term growth.

Negative Factors

Leadership Change Risks

Leadership transitions can introduce strategic and operational uncertainties, potentially impacting continuity and execution of the company's vision.

G&A Cost Challenges

While cost-cutting measures are in place, high G&A expenses relative to peers could pressure margins and affect profitability if not managed effectively.

Market Valuation Pressure

Downgrades by analysts may reflect concerns about market valuation, potentially impacting investor sentiment and access to capital.

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 e-commerce companies. The company benefits from long-term leases that provide stable and recurring rental income. Key revenue streams include base rent from tenants, reimbursements for property operating expenses, and income from property management services. Additionally, Rexford engages in property development and redevelopment, allowing it to enhance its portfolio and create value through increased rental rates and property appreciation. The company's focus on high-demand industrial markets and its strategic acquisitions contribute to its earnings, as does its established reputation and relationships with tenants in the logistics sector.

Rexford Industrial Realty Financial Statement Overview

Summary

Rexford Industrial Realty demonstrates strong financial performance with robust revenue growth, solid profitability, and effective cash flow management. The company maintains a moderate leverage and a strong equity base, providing financial stability and supporting continued expansion.

Income Statement

Rexford Industrial Realty demonstrates strong revenue growth with a TTM revenue growth rate of 15.5%, indicating robust expansion. The company maintains healthy profitability metrics, with a gross profit margin of 77.5% and a net profit margin of 33.4% in the TTM period. EBIT and EBITDA margins are also solid at 37.9% and 66.9%, respectively. These metrics reflect effective cost management and operational efficiency, contributing to the company's strong financial performance.

Balance Sheet

The balance sheet shows a stable financial position with a debt-to-equity ratio of 0.39, indicating moderate leverage. The return on equity (ROE) is 3.85%, which, while modest, reflects consistent profitability. The equity ratio stands at 67.5%, demonstrating a strong equity base relative to total assets, which enhances financial stability and reduces risk.

Cash Flow

Rexford Industrial Realty exhibits strong cash flow management, with a significant free cash flow growth rate of 34.7% in the TTM period. The operating cash flow to net income ratio is 2.79, indicating efficient conversion of earnings into cash. The free cash flow to net income ratio of 0.38 suggests effective reinvestment and dividend potential, supporting long-term growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	997.93M	936.41M	797.83M	631.20M	452.24M	330.13M
Gross Profit	773.49M	726.15M	613.35M	480.70M	344.52M	250.42M
EBITDA	686.83M	614.10M	506.81M	383.67M	279.78M	202.97M
Net Income	333.67M	273.80M	238.02M	167.58M	128.24M	76.40M
Balance Sheet
Total Assets	12.85B	12.65B	10.93B	9.26B	6.78B	4.95B
Cash, Cash Equivalents and Short-Term Investments	314.42M	55.97M	33.44M	36.79M	43.99M	176.29M
Total Debt	3.37B	3.35B	2.23B	1.94B	1.40B	1.28B
Total Liabilities	3.81B	3.92B	2.79B	2.34B	1.71B	1.42B
Stockholders Equity	8.68B	8.32B	7.77B	6.56B	4.78B	3.25B
Cash Flow
Free Cash Flow	206.72M	105.53M	160.98M	192.60M	128.99M	104.23M
Operating Cash Flow	546.60M	478.92M	427.55M	327.69M	231.46M	182.99M
Investing Cash Flow	-368.21M	-1.84B	-1.68B	-2.45B	-1.91B	-987.52M
Financing Cash Flow	74.20M	1.38B	1.25B	2.11B	1.55B	903.20M

Rexford Industrial Realty Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 40.36
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For REXR, the sentiment is Negative. The current price of 40.36 is below the 20-day moving average (MA) of 41.02, below the 50-day MA of 41.46, and above the 200-day MA of 38.08, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 44.30 is Neutral, neither overbought nor oversold. The STOCH value of 51.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for REXR.

Rexford Industrial Realty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EGP	78 Outperform	$9.66B	37.87	7.83%	3.15%	11.10%	-1.65%
REXR	76 Outperform	$9.40B	27.97	4.03%	4.30%	10.27%	15.25%
STAG	75 Outperform	$6.93B	28.62	7.17%	4.02%	9.62%	31.08%
TRNO	75 Outperform	$6.23B	19.06	8.38%	3.35%	21.13%	74.37%
FR	74 Outperform	$7.89B	32.05	8.97%	2.95%	9.66%	-23.17%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
LINE	54 Neutral	$7.93B	-44.03	-2.06%	6.18%	0.44%	75.40%

Rexford Industrial Realty Corporate Events

Rexford Industrial Realty Expands Board with New Appointment

On November 24, 2025, Rexford Industrial Realty announced the expansion of its Board of Directors from eight to nine members, appointing David Stockert as an independent director effective January 1, 2026. Stockert, with extensive experience in industrial real estate and leadership roles, is expected to enhance the company’s governance and strategic direction. The board will reduce to seven directors after the next annual meeting, following the completion of service by two current directors. Stockert’s appointment is seen as a strategic move to bolster Rexford’s focus on value creation and capital allocation, aligning with its long-term growth strategy in the competitive Southern California industrial market.

Rexford Industrial Realty Appoints New CEO Laura Clark

On November 17, 2025, Rexford Industrial Realty announced the appointment of Laura Clark as the new Chief Executive Officer, effective April 1, 2026, succeeding Michael Frankel and Howard Schwimmer. This leadership transition is part of a multi-year succession plan, with Clark bringing extensive experience from her roles at Rexford and Regency Centers. The transition aims to ensure a seamless handover of leadership responsibilities, with the outgoing Co-CEOs having significantly grown the company’s portfolio and market capitalization since its IPO. The Board expressed confidence in Clark’s ability to lead the company forward, focusing on strategic vision and operational excellence.

Rexford Industrial Realty Reports Strong Q3 2025 Results

Rexford Industrial Realty reported strong financial results for the third quarter of 2025, with net income attributable to common stockholders of $87.1 million, up from $65.1 million in the prior year quarter. The company executed 3.3 million square feet of new and renewal leases, with rental rates increasing significantly. Rexford also sold three properties for $53.6 million and repurchased $150 million worth of shares, reflecting a strategic approach to capital allocation. The company’s operational success and strategic initiatives underscore its commitment to delivering growth and value to shareholders.