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REXFORD INDUSTRIAL REALTY, INC. (REXR) Financials

REXR
Trailing 12 months to June 30, 2026
Revenue $991.9M +0.5% YoY
Net Income -$380.7M -215.5% YoY
EPS (Diluted) -$1.81 -235.1% YoY
Operating Cash Flow $509.3M -2.8% YoY
Market Cap $8.2B as of Oct 10, 2026
Price / Sales 8.3x on $991.9M revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book 1.1x on $7.5B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the REXR SEC filings page.

REXFORD INDUSTRIAL REALTY, INC. (REXR) reported $991.9M in revenue over the twelve months to Jun 30, 2026, up 0.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI REXR FY2025

The asset-heavy portfolio produces cash differently from reported earnings, while FY2025 distributions exceeded operating cash generation.

The gap between operating cash flow and net income widened from $193M in FY2024 to $322M in FY2025, indicating that non-cash real-estate charges increasingly separated cash production from accounting profit.

With $12.6B of assets supporting just over $1.0B of FY2025 revenue, this is a capital-intensive property platform, making its ROA of 1.7% more informative than a conventional operating-margin story. Leverage remained moderate at 0.4x debt-to-equity, but interest expense rose to $105M from $99M, so financing costs are taking a larger bite.

FY2025 dividends and buybacks totaled $647M, above $542M of operating cash flow, while investing outflow fell to $125M from $1.84B in FY2024. That combination suggests the year's cash deployment leaned toward capital returns rather than investment outflows; net financing cash flow was also an outflow of $307M.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFOGrowth Leverage Interest Cov. AFFOMargin DividendCov. 51 / 100
Financial Health Score 51/100
Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of REXFORD INDUSTRIAL REALTY, INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin
92

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. REXFORD INDUSTRIAL REALTY, INC. scores 92/100 on it among other REITs.

FFO Growth
65

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. REXFORD INDUSTRIAL REALTY, INC. scores 65/100 on it among other REITs.

Leverage
0

Not available for REXFORD INDUSTRIAL REALTY, INC., and counted as zero in the overall score.

Interest Cov.
0

Not available for REXFORD INDUSTRIAL REALTY, INC., and counted as zero in the overall score.

AFFO Margin
92

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. REXFORD INDUSTRIAL REALTY, INC. scores 92/100 on it among other REITs.

Dividend Cov.
57

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. REXFORD INDUSTRIAL REALTY, INC. scores 57/100 on it among other REITs.

Piotroski F-Score Partial
5/7

REXFORD INDUSTRIAL REALTY, INC. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.47x

For every $1 of reported earnings, REXFORD INDUSTRIAL REALTY, INC. generates $2.47 in operating cash flow ($542.1M OCF vs $219.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$245.5M
YoY-1.6%
QoQ+0.2%
5Y CAGR+18.7%
10Y CAGR+23.1%

REXFORD INDUSTRIAL REALTY, INC. generated $245.5M in revenue in Q2 2026. This represents a decrease of 1.6% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.

Net Income
-$504.1M
YoY-533.4%
QoQ-652.9%

REXFORD INDUSTRIAL REALTY, INC. reported -$504.1M in net income in Q2 2026. This represents a decrease of 533.4% from the same quarter a year earlier. Against the prior quarter it is down 652.9%.

EPS (Diluted)
-$2.26
YoY-570.8%
QoQ-694.7%

REXFORD INDUSTRIAL REALTY, INC. earned -$2.26 per diluted share (EPS) in Q2 2026. This represents a decrease of 570.8% from the same quarter a year earlier. Against the prior quarter it is down 694.7%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$32.2M
YoY-92.5%
QoQ-37.7%
5Y CAGR-12.9%
10Y CAGR+1.0%

REXFORD INDUSTRIAL REALTY, INC. held $32.2M in cash against $3.3B in long-term debt as of Q2 2026.

Dividends Per Share
$0.43
YoY+1.2%
QoQ0.0%
5Y CAGR+12.6%

REXFORD INDUSTRIAL REALTY, INC. paid $0.43 per share in dividends in Q2 2026. This represents an increase of 1.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
223M
YoY-5.8%
QoQ-1.2%
5Y CAGR+10.1%
10Y CAGR+12.9%

REXFORD INDUSTRIAL REALTY, INC. had 223M shares outstanding in Q2 2026. This represents a decrease of 5.8% from the same quarter a year earlier. Against the prior quarter it is down 1.2%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Return on Equity
-6.7%
YoY-8.0pp
QoQ-7.8pp
5Y change-7.4pp
10Y change-8.2pp

REXFORD INDUSTRIAL REALTY, INC.'s ROE was -6.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 8.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.8 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

Share Buybacks
$100.1M
QoQ-50.0%

REXFORD INDUSTRIAL REALTY, INC. spent $100.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 50.0%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

REXR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

REXR quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$245.5M-1.6%$245.1M-2.9%$248.1M+2.1%$253.2M+4.7%$249.5M+5.0%$252.3M+17.8%$242.9M+15.4%$241.8M+17.7%
SG&A Expenses$13.7M-30.7%$14.9M-24.9%$19.2M-12.5%$20.0M-4.2%$19.8M+2.3%$19.9M-0.6%$21.9M+9.8%$20.9M+12.7%
Interest Expense$28.6M+7.0%$26.6M-2.5%$25.5M-9.7%$25.5M-6.9%$26.7M-6.0%$27.3M+86.0%$28.2M+93.4%$27.3M+71.4%
Income Tax$0$0N/A$0$0$0N/A$0
Net Income-$504.1M-533.4%$91.2M+28.1%-$57.7M-177.6%$89.9M+32.7%$116.3M+41.1%$71.2M+16.0%$74.3M-2.1%$67.8M+14.9%
EPS (Basic)-$2.26-570.8%$0.38+26.7%-$0.30-215.4%$0.37+23.3%$0.48+29.7%$0.30+11.1%$0.26-10.3%$0.30+11.1%
EPS (Diluted)-$2.26-570.8%$0.38+26.7%-$0.30-215.4%$0.37+23.3%$0.48+29.7%$0.30+11.1%$0.26-10.3%$0.30+11.1%
Diluted Shares (Avg)224M-5.2%228M+0.4%N/A235M+7.1%236M+8.6%227M+6.0%N/A219M+6.7%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

REXR Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

REXR quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$11.6B-11.0%$12.4B-5.3%$12.6B-0.3%$12.9B+3.5%$13.1B+5.8%$13.1B+5.7%$12.6B+15.7%$12.4B+17.4%
Cash & Equivalents$32.2M-92.5%$51.7M-89.8%$165.8M+196.2%$249.0M+302.6%$431.1M+242.9%$504.6M+49.7%$56.0M+67.4%$61.8M-25.7%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$12.1M-5.7%$12.0M-32.1%$14.0M-11.5%$15.7M-9.2%$12.9M-27.3%$17.6M-1.5%$15.8M-9.8%$17.3M-8.7%
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$3.7B-3.7%$3.8B-3.8%$3.8B-3.8%$3.8B-3.7%$3.9B-1.7%$3.9B-1.4%$3.9B+40.8%$4.0B+44.7%
Long-Term Debt$3.3B-2.5%$3.2B-3.0%$3.3B-2.8%$3.2B-3.0%$3.3B0.0%$3.3B0.0%$3.3B+50.3%$3.4B+50.4%
Total Equity$7.5B-14.7%$8.3B-6.2%$8.5B+1.6%$8.7B+7.5%$8.8B+10.1%$8.8B+9.6%$8.3B+7.2%$8.1B+8.0%

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-Current Liabilities, Retained Earnings.

REXR Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

REXR quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$106.8M-16.7%$141.2M-7.5%$111.7M-3.9%$149.6M+17.6%$128.2M+26.1%$152.6M+14.1%$116.3M+0.2%$127.2M+16.9%
Depreciation & Amortization$73.5M+3.2%$72.9M-15.9%$76.8M+6.9%$81.2M+17.2%$71.2M+4.8%$86.7M+30.9%$71.8M+9.1%$69.2M+14.5%
Stock-Based CompensationN/A$4.1M-58.1%N/AN/AN/A$9.7M+6.7%N/AN/A
Investing Cash Flow$84.2M+2038.8%$59.7M+305.6%-$53.7M+81.9%-$38.0M+78.0%-$4.3M+98.0%-$29.0M+97.5%-$296.8M+26.5%-$172.5M+54.2%
Financing Cash Flow-$210.5M-79.4%-$314.9M-183.9%-$206.7M-218.3%-$358.4M-1828.0%-$117.3M-17.2%$375.2M-71.7%$174.7M-26.5%-$18.6M-108.6%
Dividends Paid$98.4M-3.1%$99.6M+5.9%$100.1M+9.2%$101.8M+11.9%$101.6M+11.7%$94.1M+16.6%$91.6M+16.8%$90.9M+19.0%
Share Buybacks$100.1M$200.1M$100.0M$150.1M$0$0$0N/A

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

REXR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

REXR quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin-205.4%37.2%+9.0pp-23.3%-53.8pp35.5%+7.5pp46.6%+11.9pp28.2%-0.5pp30.6%-5.5pp28.0%-0.7pp
Return on Equity-6.7%-8.0pp1.1%+0.3pp-0.7%-1.6pp1.0%+0.2pp1.3%+0.3pp0.8%0.0pp0.9%-0.1pp0.8%0.0pp
Return on Assets-4.3%-5.2pp0.7%+0.2pp-0.5%-1.0pp0.7%+0.2pp0.9%+0.2pp0.5%0.0pp0.6%-0.1pp0.5%0.0pp
Debt-to-Equity0.43+0.1x0.390.0x0.380.0x0.370.0x0.380.0x0.380.0x0.40+0.1x0.42+0.1x
Asset Turnover0.020.0x0.020.0x0.020.0x0.020.0x0.020.0x0.020.0x0.020.0x0.020.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
REXFORD INDUSTRIAL REALTY, INC. REXR FY2025 $1.0B $219.8M 21.9% $8.2B 51/100
Lineage, Inc. LINE FY2025 $5.4B -$113.0M -2.1% $7.8B 40/100
EastGroup Properties Inc. EGP FY2025 $721.3M $257.5M 35.7% $10.5B 43/100
CubeSmart CUBE FY2025 $1.1B $331.3M 29.5% $8.5B 41/100
First Industrial Realty Trust, Inc. FR FY2025 $727.1M $247.4M 34.0% $7.9B 48/100
Extra Space Storage, Inc. EXR FY2025 $3.4B $974.0M 28.8% $28.4B 43/100

Frequently Asked Questions

What is REXFORD INDUSTRIAL REALTY, INC.'s annual revenue?

REXFORD INDUSTRIAL REALTY, INC. (REXR) reported $1.0B in total revenue for fiscal year 2025. This represents a 7.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is REXFORD INDUSTRIAL REALTY, INC.'s revenue growing?

REXFORD INDUSTRIAL REALTY, INC. (REXR) revenue grew by 7.1% year-over-year, from $936.4M to $1.0B in fiscal year 2025.

Is REXFORD INDUSTRIAL REALTY, INC. profitable?

Yes, REXFORD INDUSTRIAL REALTY, INC. (REXR) reported a net income of $219.8M in fiscal year 2025, with a net profit margin of 21.9%.

REXFORD INDUSTRIAL REALTY, INC. (REXR) reported diluted earnings per share of $0.86 for fiscal year 2025. This represents a -28.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, REXFORD INDUSTRIAL REALTY, INC. (REXR) had $165.8M in cash and equivalents against $3.3B in long-term debt.

REXFORD INDUSTRIAL REALTY, INC. (REXR) had a net profit margin of 21.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, REXFORD INDUSTRIAL REALTY, INC. (REXR) paid $1.72 per share in dividends during fiscal year 2025.

REXFORD INDUSTRIAL REALTY, INC. (REXR) has a return on equity of 2.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

REXFORD INDUSTRIAL REALTY, INC. (REXR) generated $542.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

REXFORD INDUSTRIAL REALTY, INC. (REXR) had $12.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, REXFORD INDUSTRIAL REALTY, INC. (REXR) spent $250.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

REXFORD INDUSTRIAL REALTY, INC. (REXR) had 232M shares outstanding as of fiscal year 2025.

REXFORD INDUSTRIAL REALTY, INC. (REXR) had a debt-to-equity ratio of 0.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

REXFORD INDUSTRIAL REALTY, INC. (REXR) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

REXFORD INDUSTRIAL REALTY, INC. (REXR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $8.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

REXFORD INDUSTRIAL REALTY, INC. (REXR) trades at 8.3x sales, its market capitalization divided by revenue of $991.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $8.2B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

REXFORD INDUSTRIAL REALTY, INC. (REXR) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

REXFORD INDUSTRIAL REALTY, INC. (REXR) has an earnings quality ratio of 2.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

REXFORD INDUSTRIAL REALTY, INC. (REXR) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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