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Rexford Industrial Realty, Inc. (REXR) stock

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NYSE: REXR NYSE Industrial REITs Next results ~February 3, 2027

D Fundamentals grade

Rexford Industrial Realty, Inc. is a US-listed company in the industrial REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$33

Dividend discount (growing dividend)

Base case. Range ~$28–$40. Today's dividend growing 2.5% a year, discounted at the cost of equity.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Rexford Industrial Realty, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders3 buying, 2 selling3 purchases and 6 sales by directors and officers, last 12 monthsInsider trades
  • Funds184 adding, 232 cuttingOf 54 active managers that changed their stake, 26 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Rexford Industrial Realty files

10-Q filed October 27: Rexford Industrial Realty

Model value +2.4%

Revenue for the twelve months to September 2026 came in at $978m, a decline of 2.0% on the prior year. That marks a shift from the quarter before, when the comparable figure showed growth of 0.5%. Despite the softer top line, our model value moves up from $29.54 to $30.24 a share. The shares currently trade at $37.99, leaving the model value well below the market price.

Source: 10-Q filed October 27, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Rexford Industrial Realty stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $992m, up 0.5% on a year earlier, slower than 2.2% a quarter earlier. That puts it 18 of 22 for growth among the real estate investment trusts companies we cover. Our dividend discount value is $29.81 a share, against a share price of $36.76.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 3, 2027 (estimated)

Rexford Industrial Realty, Inc.'s trailing-twelve-month revenue fell 2.0% year on year, with a free-cash-flow margin of 26.8%. Where it stands out: change in share count of -1.8% ranks 1 of 9 industrial reits companies we cover. Where it lags: change in growth rate of -2.6pp ranks 10 of 10 industrial reits companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -2.0% (-2.6pp vs the prior quarter), the 6th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 73.3% of revenue is left as operating profit.
  • Strong cash generation. 26.8% of revenue turned into free cash flow.
  • Shrinking share count. Diluted shares fell 1.8% in a year, so each share owns more of the business.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 59.8% over 90 days.

Things to watch

  • Revenue shrinking. Revenue fell 2.0% over the last 12 months.
  • High debt. Long-term debt exceeds cash by $2.3bn, more than 1.5 times annual revenue.
  • Growth easing. The growth rate is 2.6 points lower than a quarter earlier.
  • Below peers: change in growth rate. Change in growth rate of -2.6pp ranks 10 of 10 industrial reits companies we cover (median -0.0pp).
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 8.0% ranks 9 of 9 industrial reits companies we cover (median 2.2%).

Latest results: FY2026 Q3

Filed October 27, 2026
Earnings per share
$0.07 against an average estimate of $0.28: missed by 74.7%
Revenue
$239m, down 5.6% on a year earlier
Share reaction
+5.2% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Guidance given
net Loss Attributable to Common Stockholders per diluted share $-1.55 to $-1.52 (full year 2026); company share of Core FFO per diluted share $2.41 to $2.44 (full year 2026)
Next report
October 22, 2026; average EPS estimate $0.29

Rexford Industrial Realty's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.0%
  • 1 week+1.6%
  • 1 month+5.2%
  • This year+3.5%
  • 1 year-1.9%
  • 5 years-32.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$978M
Net margin
-47.1%
EPS (TTM, diluted)
$-2.04

Growth

Revenue growth
−2.0%
Change in growth rate
−2.6 pts
Share count change
−1.8%

Earnings

Last results
October 22, 2026
Next results (est.)
February 3, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Our research
  3. Results
  4. Guidance
  5. Announcement
  6. Deal
  7. Announcement
  8. Agreement
  9. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Rexford Industrial Realty, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Rexford Industrial Realty, Inc. as an equity reit, with every model that fits that kind of business. Cost of equity 8.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.74 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. — Does not apply: funds from operations not available or not positive
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. — Does not apply: no positive funds from operations in the latest twelve months
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$33 ~$28–$40 Included
Combined value Weighted average of the models that apply: the primary model (funds-from-operations model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$33 ~$28–$40 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Rexford Industrial Realty, Inc. with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

44 /100

Weak moat

How hard Rexford Industrial Realty's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.8% of total assets over 10 years.

  • Durability 8 / 20

    Net margin has been a median 25.3%; its worst year was -47.1%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 24.6% of revenue.

  • Discipline 7 / 20

    The diluted share count rose 69.8% over five years; stock-based pay has been a median 4.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$1.31 −252% $951m −5%
Next $1.51 — $887m −7%

Next year's EPS estimate has moved +59.8% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1555.6% on 90 days ago. In the last 30 days, 3 analysts raised Rexford Industrial Realty, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Rexford Industrial Realty, Inc., last 90 days
−$2.00 −$1.00 $0.00 $1.00 $2.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.09 Current fiscal year, 60 days ago: $0.06 Current fiscal year, 30 days ago: $0.06 Current fiscal year, 7 days ago: −$0.23 Current fiscal year, Now: −$1.31 −$1.31 Next fiscal year, 90 days ago: $0.95 Next fiscal year, 60 days ago: $0.99 Next fiscal year, 30 days ago: $0.99 Next fiscal year, 7 days ago: $1.27 Next fiscal year, Now: $1.51 $1.51

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.09$0.95
60 days ago $0.06$0.99
30 days ago $0.06$0.99
7 days ago −$0.23$1.27
Now −$1.31$1.51

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.28 $0.07 −74.7%
Jun 2026 $0.26 $0.42 +61.6%
Mar 2026 $0.27 $0.30 +11.1%
Dec 2025 $0.19 $0.29 +53.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026
  • Net Loss Attributable to Common Stockholders per diluted share full year 2026 $-1.55 to $-1.52 GAAP Lowered vs -1.32 to -1.27
    “Net Loss Attributable to Common Stockholders per diluted share (1) ($1.55) - ($1.52) ($1.32) - ($1.27)” source
  • Company share of Core FFO per diluted share full year 2026 $2.41 to $2.44 Non-GAAP Raised
    “Company share of Core FFO per diluted share (1) $2.41 - $2.44 $2.38 - $2.43” source
  • Same Property Portfolio NOI Growth - Net Effective full year 2026 -0.25% growth to 0.25% growth
    “Same Property Portfolio NOI Growth - Net Effective (0.25)% - 0.25% (1.25)% - (0.25)%” source
  • Same Property Portfolio NOI Growth - Cash full year 2026 0.25% growth to 0.75% growth
    “Same Property Portfolio NOI Growth - Cash 0.25% - 0.75% (0.75)% - 0.25%” source
  • Average Same Property Portfolio Occupancy (Full Year) full year 2026 95.8% to 96% Raised vs 95.3 to 95.7
    “Average Same Property Portfolio Occupancy (Full Year) 95.8% - 96.0% 95.3% - 95.7%” source
  • Dispositions full year 2026 $1.7bn to $2bn Raised vs about 105m
    “Dispositions $1.7B - $2.0B $1.5B - $2.0B” source
Show 5 more items
  • Repositioning/Development Annualized Stabilized Cash NOI full year 2026 $16m to $18m
    “Repositioning/Development Annualized Stabilized Cash NOI (3) $16M - $18M $16M - $18M” source
  • Repositioning/Development Starts (SF) full year 2026 about 0.8m
    “Repositioning/Development Starts (SF) 0.8M 1.2M” source
  • Repositioning/Development Starts (Total Estimated Project Costs) full year 2026 $125m to $130m
    “Repositioning/Development Starts (Total Estimated Project Costs) $125M - $130M $160M - $170M” source
  • General and Administrative Expenses full year 2026 about $57m Maintained vs about 57m
    “General and Administrative Expenses +/-$57M +/-$57M” source
  • Interest Expense full year 2026 about $105m Maintained vs about 105m
    “Interest Expense (4) +/-$105M +/-$105M” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

18 analysts, Oct 2026
Buy739%
Hold950%
Sell211%

Monthly trend

  1. Oct 2026259218
  2. Sep 20262410218
  3. Aug 2026249318
  4. Jul 2026258318

Counts of recommendations published by analysts covering Rexford Industrial Realty, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.6%
of tradable shares
Days to cover
3.94
at average volume
Short interest, 1 month
+11%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.4%
of shares
Employees
256
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −1.9%

$39.35 on October 31, 2025 to $38.59

ThenNowEffect
Revenue (last 12 months) $987m $992m +0.5%
P/S multiple 9.0x 8.9x −1.0%
Share count 226m 230m −1.4%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

Last 3 years −4.4%

$40.39 on November 3, 2023 to $38.59

ThenNowEffect
Revenue (last 12 months) $723m $992m +37.1%
P/S multiple 10.5x 8.9x −15.1%
Share count 189m 230m −17.9%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
REXR+68%−31%+6%−29%+5%+4%
Industry peers (median)+56%−32%+22%−10%+14%+13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
REXR67%42%33%25%75%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
REXR−10%−40%−36%−31%−23%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 59% from April 20, 2022 to April 8, 2025. Getting back needed a 142% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$31.28 – $40.21
From 52-week high
−4.0%
vs 50-day average
+3.7%
vs 200-day average
+8.3%
Volatility (1 year)
26%
Beta vs S&P 500
0.44

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±3.2%
After a week
5 up, 7 down
typical move ±3.9%
After a month
7 up, 4 down
typical move ±4.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 +5.2% −1.7% +4.2% —
July 23, 2026 +6.1% −1.1% +4.4% +1.3%
April 23, 2026 −2.2% +0.4% −1.0% −0.2%
February 4, 2026 −4.5% −1.7% −7.5% −11.2%
October 15, 2025 +5.3% −0.2% +5.0% +0.7%
July 16, 2025 −2.1% +0.9% +5.1% +4.4%
April 16, 2025 0.0% −2.1% +3.7% +9.7%
February 5, 2025 −0.5% +0.8% −1.9% −0.8%
October 16, 2024 −5.9% +0.4% −5.6% −12.6%
July 17, 2024 −1.7% −2.2% −2.3% +1.2%
April 17, 2024 −3.3% −0.8% −4.7% +3.3%
February 6, 2024 −1.5% +1.1% −1.4% +0.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Rexford Industrial Realty, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Rexford Industrial Realty, Inc.
$700M $800M $900M $1B $1.1B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $797.8M Revenue (TTM), FY24 Q1: $825.7M Revenue (TTM), FY24 Q2: $867.5M Revenue (TTM), FY24 Q3: $903.9M Revenue (TTM), FY24 Q4: $936.4M Revenue (TTM), FY25 Q1: $974.6M Revenue (TTM), FY25 Q2: $986.5M Revenue (TTM), FY25 Q3: $997.9M Revenue (TTM), FY25 Q4: $1B Revenue (TTM), FY26 Q1: $995.9M Revenue (TTM), FY26 Q2: $991.9M Revenue (TTM), FY26 Q3: $977.8M $977.8M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $797.8M
FY24 Q1 $825.7M
FY24 Q2 $867.5M
FY24 Q3 $903.9M
FY24 Q4 $936.4M
FY25 Q1 $974.6M
FY25 Q2 $986.5M
FY25 Q3 $997.9M
FY25 Q4 $1B
FY26 Q1 $995.9M
FY26 Q2 $991.9M
FY26 Q3 $977.8M
Revenue growth, TTM YoY Rexford Industrial Realty, Inc.
-10% 0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 26.4% Revenue growth, TTM YoY, FY24 Q1: 22.0% Revenue growth, TTM YoY, FY24 Q2: 19.9% Revenue growth, TTM YoY, FY24 Q3: 18.0% Revenue growth, TTM YoY, FY24 Q4: 17.4% Revenue growth, TTM YoY, FY25 Q1: 18.0% Revenue growth, TTM YoY, FY25 Q2: 13.7% Revenue growth, TTM YoY, FY25 Q3: 10.4% Revenue growth, TTM YoY, FY25 Q4: 7.1% Revenue growth, TTM YoY, FY26 Q1: 2.2% Revenue growth, TTM YoY, FY26 Q2: 0.5% Revenue growth, TTM YoY, FY26 Q3: -2.0% -2.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 26.4%
FY24 Q1 22.0%
FY24 Q2 19.9%
FY24 Q3 18.0%
FY24 Q4 17.4%
FY25 Q1 18.0%
FY25 Q2 13.7%
FY25 Q3 10.4%
FY25 Q4 7.1%
FY26 Q1 2.2%
FY26 Q2 0.5%
FY26 Q3 -2.0%
Operating margin (TTM) Rexford Industrial Realty, Inc.
70% 71% 72% 73% 74% FY15 Q1 FY15 Q4 FY16 Q3 FY17 Q4 Operating margin (TTM), FY15 Q1: 70.5% Operating margin (TTM), FY15 Q2: 71.0% Operating margin (TTM), FY15 Q3: 71.4% Operating margin (TTM), FY15 Q4: 72.0% Operating margin (TTM), FY16 Q1: 72.2% Operating margin (TTM), FY16 Q2: 72.6% Operating margin (TTM), FY16 Q3: 72.5% Operating margin (TTM), FY16 Q4: 72.6% Operating margin (TTM), FY17 Q1: 72.8% Operating margin (TTM), FY17 Q2: 72.7% Operating margin (TTM), FY17 Q3: 73.2% Operating margin (TTM), FY17 Q4: 73.3% 73.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY15 Q1 70.5%
FY15 Q2 71.0%
FY15 Q3 71.4%
FY15 Q4 72.0%
FY16 Q1 72.2%
FY16 Q2 72.6%
FY16 Q3 72.5%
FY16 Q4 72.6%
FY17 Q1 72.8%
FY17 Q2 72.7%
FY17 Q3 73.2%
FY17 Q4 73.3%
FCF margin (TTM) Rexford Industrial Realty, Inc.
10% 15% 20% 25% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 20.2% FCF margin (TTM), FY24 Q1: 16.9% FCF margin (TTM), FY24 Q2: 13.9% FCF margin (TTM), FY24 Q3: 10.4% FCF margin (TTM), FY24 Q4: 11.3% FCF margin (TTM), FY25 Q1: 12.8% FCF margin (TTM), FY25 Q2: 15.6% FCF margin (TTM), FY25 Q3: 20.7% FCF margin (TTM), FY25 Q4: 20.8% FCF margin (TTM), FY26 Q1: 21.4% FCF margin (TTM), FY26 Q2: 22.9% FCF margin (TTM), FY26 Q3: 26.8% 26.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 20.2%
FY24 Q1 16.9%
FY24 Q2 13.9%
FY24 Q3 10.4%
FY24 Q4 11.3%
FY25 Q1 12.8%
FY25 Q2 15.6%
FY25 Q3 20.7%
FY25 Q4 20.8%
FY26 Q1 21.4%
FY26 Q2 22.9%
FY26 Q3 26.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 67 94 126 161 212 267 330 452 631 798 936 1,003 978
Net income 1 2 25 41 46 62 76 128 168 238 274 212 −461
Diluted EPS $0.02 $0.03 $0.36 $0.48 $0.41 $0.47 $0.51 $0.80 $0.92 $1.12 $1.20 $0.86 −$2.04
Growth (year on year)
Revenue — +41.0% +34.4% +27.9% +31.7% +25.8% +23.5% +37.0% +39.6% +26.4% +17.4% +7.1% −2.0%
Net income — — — +62.0% +13.5% +34.1% +23.3% +67.8% +30.7% +42.0% +15.0% −22.6% −235.7%
Diluted EPS — — — +33.3% −14.6% +14.6% +8.5% +56.9% +15.0% +21.7% +7.1% −28.3% −238.2%
Margins
Net margin 1.3% 2.0% 19.9% 25.2% 21.7% 23.2% 23.1% 28.4% 26.5% 29.8% 29.2% 21.1% −47.1%
Free-cash-flow margin 15.8% 19.5% 19.4% 21.3% 21.1% 34.6% 31.6% 28.5% 30.5% 20.2% 11.3% 20.8% 26.8%
Cash flow
Cash from operations 25 41 56 77 103 140 183 231 328 428 479 542 511
Capital spending 14 22 32 42 58 47 79 102 135 267 373 333 249
Free cash flow 11 18 25 34 45 92 104 129 193 161 106 209 262
Stock-based pay 1 2 4 5 10 11 13 20 28 34 42 100 78
Free cash flow after stock pay 10 17 21 29 35 82 91 109 164 127 64 108 184
Balance sheet
Cash 9 5 16 7 181 79 176 44 37 33 56 166 424
Total debt 357 419 502 672 761 861 1,223 1,413 1,951 2,243 3,380 3,279 2,786
Net debt (negative = net cash) 348 413 487 665 581 782 1,047 1,369 1,914 2,210 3,324 3,113 2,363
Diluted shares 32m 54m 63m 72m 87m 107m 121m 140m 171m 203m 218m 233m 226m
Returned to shareholders
Dividends 17 26 33 40 54 76 99 130 202 291 354 397 395
Buybacks 0 0 1 — — — — — — 0 0 250 709
Total returned 17 26 34 40 54 76 99 130 202 291 354 648 1,104

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$709M
Dividends (TTM)
$395M
Returned to shareholders
421%
of free cash flow
Buybacks, last 3 fiscal years
$250M
Diluted share count
−1.8%
year over year
Total shareholder yield
13.2%
dividends 4.7% + buybacks 8.5% of market value

Competitors: side by side with peers

Closest by revenue in industrial reits
Last 12 months unless stated REXR STAG FR EGP FIP TRNO Median
Revenue, last 12 months $978m $901m $775m $770m $659m $503m $838m
Revenue growth, last 12 months −2.0% 9.3% 8.5% 10.4% 72.3% 18.0% 7.9%
Revenue growth, 3-year average 8.5% 9.0% 8.8% 11.8% 28.8% 18.7% 8.8%
Revenue growth, latest quarter −5.6% 9.4% 8.6% 9.5% 52.7% 11.1% 8.2%
Operating margin 73.3% — — 36.1% — — 36.1%
Operating margin, 3-year average 72.6% — — 35.1% — — 35.1%
Net margin −47.1% 29.9% 46.1% 41.0% −84.0% 77.3% 32.1%
Cash from operations / revenue 52.3% 53.3% 56.9% 70.4% −8.7% 57.0% 53.2%
Free-cash-flow margin 26.8% 18.0% 31.1% 62.9% −48.3% 43.1% 22.4%
Free-cash-flow margin, 3-year average 19.3% 37.2% 30.1% 56.0% −47.0% 44.2% 23.9%
Stock pay / revenue 8.0% 1.6% 2.9% 1.6% 3.8% 3.6% 2.2%
Change in share count −1.8% 2.7% 0.1% 3.0% −0.7% 4.3% 0.5%

Median of all 10 companies we cover in industrial reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

10 industrial reits companies
Measure Company Peer median Rank
Revenue growth Growth -2.0% 8.5% 9 of 10
Change in growth rate Growth -2.6pp -0.0pp 10 of 10
Net margin Profitability -47.1% 34.3% 9 of 10
Stock pay as % of revenue Cash generation 8.0% 2.2% 9 of 9
Long-term debt as % of assets Balance sheet 25.7% 35.5% 2 of 8
Change in share count Balance sheet -1.8% 0.5% 1 of 9

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$7.9B
Institutions reporting
421
Shares held vs prior quarter
▲ 1.0%
Positions opened / closed
51 / 60

Top buyers and sellers, Q2 2026: 184 institutions bought and 232 sold ; the biggest buyer was Lasalle Investment Management Securities LLC (+1.9M shares) and the biggest seller Soroban Capital Partners LP (−3.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.3B 38.6M 16.4% 0.0%
Price T Rowe Associates Inc $942M 28.1M 11.9% ▼ 3.7%
Vanguard Portfolio Management LLC $656M 19.6M 8.3% ▼ 1.3%
Capital International Investors $392M 11.7M 5.0% ▼ 19.2%
State Street Corp $369M 10.9M 4.7% ▼ 3.5%
Principal Financial Group Inc $369M 11.0M 4.7% ▼ 4.1%
Vanguard Capital Management LLC $342M 10.2M 4.3% ▼ 1.5%
Massachusetts Financial Services Co $223M 6.4M 2.8% ▲ 22.8%
Geode Capital Management, LLC $161M 4.8M 2.0% ▼ 1.8%
Jpmorgan Chase & Co $158M 4.6M 2.0% ▲ 63.7%
Charles Schwab Investment Management Inc $120M 3.6M 1.5% ▲ 3.0%
Northern Trust Corp $114M 3.4M 1.4% ▲ 2.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Rexford Industrial Realty, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $486,804 3 trades by 3 insiders, last 12 months Insider sales History → $4.3M 6 trades by 2 insiders · 0% under pre-set plans
Net ▼ $3.9M net selling
Insider Date Trade Shares Price Value
Lanzer David E. General Counsel & Secretary April 28, 2026 Sell 33,299 $35.47 $1.2M
Frankel Michael S. Co-CEO, Co-President March 17, 2026 Sell 23,132 $35.29 $816,328
Fitzmaurice Michael Chief Financial Officer February 27, 2026 Buy 2,650 $37.55 $99,507
Stockert David P Director February 27, 2026 Buy 5,000 $37.39 $186,950
Clark Laura E Chief Operating Officer February 27, 2026 Buy 5,310 $37.73 $200,346
Frankel Michael S. Co-CEO, Co-President December 8, 2025 Sell 18,750 $40.06 $751,125
Frankel Michael S. Co-CEO, Co-President December 4, 2025 Sell 20,318 $41.61 $845,432
Frankel Michael S. Co-CEO, Co-President December 3, 2025 Sell 7,400 $41.51 $307,174
Frankel Michael S. Co-CEO, Co-President December 2, 2025 Sell 10,650 $41.50 $441,975

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 3 trades and filings

No trades in Rexford Industrial Realty, Inc. disclosed in the last 12 months; 3 earlier trades on record.

  • Daniel Webster(R-FL 11):Sale (full), $15,001 - $50,000, traded February 26, 2025, filed June 1, 2026
  • Donna Shalala(FL):Sale (full), $1,001 - $15,000, traded June 24, 2019, filed April 27, 2020
  • Donna Shalala(FL):Purchase, $1,001 - $15,000, traded April 30, 2019, filed April 27, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 3, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 23, 2026
  • April 23, 2026
  • February 4, 2026
  • October 15, 2025
  • July 16, 2025

Recent SEC filings

Data status

When each part of this page on Rexford Industrial Realty, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Rexford Industrial Realty, Inc. in brief

What does Rexford Industrial Realty, Inc. do?
Rexford Industrial Realty, Inc. is a US-listed company in the industrial REITs industry. Its financial year ends in December.
What is Rexford Industrial Realty, Inc.'s stock ticker?
Rexford Industrial Realty, Inc. trades under the ticker REXR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Rexford Industrial Realty, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Rexford Industrial Realty, Inc. reported revenue of $978M, 2.0% lower than a year earlier, according to its SEC filings.
What is Rexford Industrial Realty, Inc.'s free cash flow?
Rexford Industrial Realty, Inc.'s free-cash-flow margin is 26.8% of revenue over the trailing twelve months.
Who are Rexford Industrial Realty, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Price T Rowe Associates Inc and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Rexford Industrial Realty, Inc. buying back stock, and does it pay a dividend?
Rexford Industrial Realty, Inc. spent $709M on share repurchases over the trailing twelve months, and its diluted share count fell 1.8% over the year.
What is Rexford Industrial Realty, Inc.'s market cap?
On November 2, 2026, Rexford Industrial Realty, Inc.'s market capitalisation was about $8.7B and net debt of $2.4B. Market figures come from third-party market data and may be delayed.
Does Rexford Industrial Realty, Inc. pay a dividend?
Yes: Rexford Industrial Realty, Inc. paid $395M in dividends over the trailing twelve months, a dividend yield of 4.74%.
Who are Rexford Industrial Realty, Inc.'s competitors?
In our Industrial REITs peer group, the companies closest to Rexford Industrial Realty, Inc. are Stag Industrial, Inc., First Industrial Realty Trust Inc, Eastgroup Properties Inc, Ftai Infrastructure Inc. and Terreno Realty Corp. The side-by-side comparison below sets their revenue, margins and growth against Rexford Industrial Realty, Inc.'s.
Are insiders buying or selling Rexford Industrial Realty, Inc. stock?
Over the last 12 months, Rexford Industrial Realty, Inc.'s directors and officers reported 3 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is Rexford Industrial Realty, Inc.'s next earnings date?
Around February 3, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Rexford Industrial Realty, Inc. announces its own schedule.