Prologis vs Rexford Industrial Realty
Prologis is the larger business, with $8.79bn of revenue in fiscal 2025 against $1.00bn for Rexford Industrial Realty (8.8 times as much). Prologis grew faster (7.2% against 7.1%). Prologis kept more of each dollar of sales as profit: a net margin of 37.9% against 21.1%. Rexford Industrial Realty carries less debt relative to equity (38.8% against 66.9%).
| Latest fiscal year | PrologisPLD, 2025 | Rexford Industrial RealtyREXR, 2025 |
|---|---|---|
| Revenue | $8.79bn | $1.00bn |
| Revenue growth | 7.2% | 7.1% |
| Net income | $3.33bn | $212m |
| Operating margin | 49.6% | — |
| Net margin | 37.9% | 21.1% |
| Return on equity | 6.2% | 2.5% |
| Free cash flow | $5.01bn | $209m |
| Cash | $1.15bn | $166m |
| Total debt | $35.58bn | $3.28bn |
| Debt to equity | 66.9% | 38.8% |
| Dividend per share | — | $1.72 |
| Dividend yield | 3.2% | 4.7% |
| Share buybacks | — | $250m |
| Employees | — | 242 |
| Market value | $122.28bn | $8.22bn |
| Price vs our value range | — | — |
| Moat score | 65 (Moderate) | 44 (Weak) |
| Insider trades, 12 months | 0 buys, 5 sales | 3 buys, 6 sales |