Rexford Industrial Realty (REXR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Rexford Industrial Realty

NYSE•Real Estate•REIT - Industrial

$38.08-0.63(-0.02%)Market open

Market Cap

$8.46B

P/S

8.6x

P/B

1.2x

Rexford Industrial Realty, Inc. creates value by investing in, operating and repositioning industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation over the long term. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. As of June 30, 2026, Rexford Industrial's high-quality, irreplaceable portfolio comprised 409 properties with approximately 49.9 million rentable square feet occupied by a stable and diverse tenant base. Rexford Industrial Realty, Inc. was incorporated on January 18th, 2013, and is based in Los Angeles, United States.

How this company scores

AverageMetricSide Score: 50/100

Strongest: Cash & Earnings Quality (21/25); weakest: Profitability (4/25).

Profitability4/25

Growth8/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowLow leverageConsistent free cash flowNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 32.1x5y range 26.5x – 96.0x

Currently below its 18-quarter median.

P/S · 8.6x5y range 7.5x – 27.2x

Currently below its 20-quarter median.

P/B · 1.2x5y range 0.9x – 2.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg 1.0x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $8.46B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $977.78M
Q. Revenue: $239.10M
TTM EBITDA: $687.28M
TTM Op. Income: $389.61M
Q. Op. Income: $94.24M
TTM Net Income: $-461.00M
Q. Net Income: $17.39M
EPS: $0.07
Shares Out.: $220.51M

$977.78M in TTM revenue declined 2.0% YoY, reaching $239.10M last quarter. TTM EBITDA of $687.28M and TTM operating income of $389.61M show growth is flowing through to the bottom line. However, net income is negative at $461.00M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 3 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 70.5%
Op. Margin: 39.4%
Net Margin: 7.3%

Op. margin of 39.4% is up 2.2% YoY — cost efficiency is improving. Net margin at 7.3% Over the past year, operating margin is up 6% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 8.6x
P/B Ratio: 1.2x

P/S of 8.6x and P/B of 1.2x. Over the past year, P/E is up 2% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $10.79B
Cash: $423.59M
Long-Term Debt: $2.77B
Book Value: $7.17B
D/E Ratio: 0.4
Debt/EBITDA: 16.4

With $10.79B in assets and $2.77B in long-term debt, D/E is 0.4and book value is $7.17B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 3% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $151.76M
TTM Free Cash Flow: $262.41M
FCF Margin: 26.8%
FCF / Net Income: -0.6

TTM FCF of $262.41M on $151.76M in operating cash flow. The FCF / Net Income ratio of -0.6x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 7 consecutive quarters — an improving trend.