REXR · Rexford Industrial Realty, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.00B | $936.41M | $797.83M | $631.20M | $452.24M | $330.13M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $78.86M | $82.15M | $75.03M | $64.26M | $48.99M | $36.80M |
| Total Operating Expenses | $622.50M | $567.66M | $504.02M | $411.56M | $307.98M | $231.78M |
| D&A | $315.92M | $275.25M | $244.51M | $196.79M | $151.27M | $115.27M |
| Operating Income | - | - | - | - | - | - |
| Interest Expense | $98.60M | $98.60M | $61.40M | $48.50M | $40.14M | $30.85M |
| Income Tax | - | - | - | - | - | - |
| Net Income | $212.03M | $273.80M | $238.02M | $167.58M | $128.24M | $76.40M |
| EPS - Basic | $0.86 | $1.20 | $1.12 | $0.92 | $0.80 | $0.51 |
| EPS - Diluted | $0.86 | $1.20 | $1.12 | $0.92 | $0.80 | $0.51 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $165.78M | $55.97M | $33.44M | $36.79M | $43.99M | $176.29M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $12.61B | $12.65B | $10.93B | $9.26B | $6.78B | $4.95B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $3.25B | $3.35B | $2.23B | $1.94B | $1.40B | $1.22B |
| Total Liabilities | $3.77B | $3.92B | $2.79B | $2.34B | $1.71B | $1.42B |
| Stockholders' Equity | $8.46B | $8.32B | $7.77B | $6.56B | $4.78B | $3.25B |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $542.09M | $478.92M | $427.55M | $327.69M | $231.46M | $182.99M |
| Investing Cash Flow | ($125.06M) | ($1.84B) | ($1.68B) | ($2.45B) | ($1.91B) | ($987.52M) |
| Financing Cash Flow | ($307.22M) | $1.38B | $1.25B | $2.11B | $1.55B | $903.20M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | 21.1% | 29.2% | 29.8% | 26.5% | 28.4% | 23.1% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.9% | 8.8% | 9.4% | 10.2% | 10.8% | 11.1% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | 1.7% | 2.2% | 2.2% | 1.8% | 1.9% | 1.5% |
| Return on equity | 2.5% | 3.3% | 3.1% | 2.6% | 2.7% | 2.4% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.38 | 0.40 | 0.29 | 0.30 | 0.29 | 0.37 |
| Debt / Assets | 0.26 | 0.26 | 0.20 | 0.21 | 0.21 | 0.25 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.49 | 1.52 | 1.41 | 1.41 | 1.42 | 1.53 |
| Liabilities / Assets | 0.30 | 0.31 | 0.25 | 0.25 | 0.25 | 0.29 |
| Efficiency | ||||||
| Asset turnover | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 45.0x | 32.2x | 50.1x | 59.4x | 101.4x | 96.3x |
| P / B | 1.1x | 1.0x | 1.5x | 1.4x | 2.4x | 1.8x |
| P / S | 9.0x | 9.0x | 14.3x | 14.8x | 25.1x | 18.0x |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 7.1% | 17.4% | 26.4% | 39.6% | 37.0% | 23.5% |
| Revenue CAGR (3y) | 16.7% | 27.5% | 34.2% | 33.2% | 28.6% | 27.0% |
| Revenue CAGR (5y) | 24.9% | 28.5% | 30.3% | 31.4% | 29.1% | 28.6% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - |
| Net income growth (YoY) | -22.6% | 15.0% | 42.0% | 30.7% | 67.8% | 23.3% |
| EPS growth (YoY) | -28.3% | 7.1% | 21.7% | 15.0% | 56.9% | 8.5% |
| EPS CAGR (3y) | -2.2% | 14.5% | 30.0% | 25.1% | 25.0% | 12.3% |
| EPS CAGR (5y) | 11.0% | 20.6% | 22.3% | 20.6% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 1.6% | 7.2% | 18.5% | 37.0% | 47.4% | 27.0% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing Rexford Industrial Realty against the 5 most active filers in the same SIC group.
Dividends
$1.72/share trailing 12 months · +2.4% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.4350 |
| Dec 31, 2025 | $0.4300 |
| Sep 30, 2025 | $0.4300 |
| Jun 30, 2025 | $0.4300 |
| Mar 31, 2025 | $0.4300 |
| Dec 31, 2024 | $0.4180 |
| Sep 30, 2024 | $0.4180 |
| Jun 28, 2024 | $0.4180 |
| Mar 27, 2024 | $0.4180 |
| Dec 28, 2023 | $0.3800 |
| Sep 28, 2023 | $0.3800 |
| Jun 29, 2023 | $0.3800 |
| Mar 30, 2023 | $0.3800 |
| Dec 29, 2022 | $0.3150 |
| Sep 29, 2022 | $0.3150 |
| Jun 29, 2022 | $0.3150 |
| Mar 30, 2022 | $0.3150 |
| Dec 30, 2021 | $0.2400 |
| Sep 29, 2021 | $0.2400 |
| Jun 29, 2021 | $0.2400 |
| Mar 30, 2021 | $0.2400 |
| Dec 30, 2020 | $0.2150 |
| Sep 29, 2020 | $0.2150 |
| Jun 29, 2020 | $0.2150 |