Rexford Indl Rlty Inc Financials
Rexford Indl Rlty Inc (REXR) reported $1.0B in revenue for fiscal year 2025, up 7.1% from the prior fiscal year. 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).
After years of externally funded asset growth, cash generation began carrying more of the business than reported earnings.
From FY2024 to FY2025, operating cash flow rose from$479M to$542M . Net income moved the opposite way, from$286M to$220M , which suggests recently added properties were converting into cash even as interest expense and depreciation absorbed more of that benefit in reported profit.
The sharpest shift is capital deployment: investing cash outflow shrank from
Dividends paid were
Financial Health Signals
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 Indl Rlty 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.
Not available for Rexford Indl Rlty Inc, and counted as zero in the overall score.
Not available for Rexford Indl Rlty Inc, and counted as zero in the overall score.
Rexford Indl Rlty 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.
For every $1 of reported earnings, Rexford Indl Rlty 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
Earnings & Revenue
Rexford Indl Rlty Inc generated $1.0B in revenue in fiscal year 2025. This represents an increase of 7.1% from the prior year.
Rexford Indl Rlty Inc reported $219.8M in net income in fiscal year 2025. This represents a decrease of 23.1% from the prior year.
Rexford Indl Rlty Inc earned $0.86 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 28.3% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Rexford Indl Rlty Inc held $165.8M in cash against $3.3B in long-term debt as of fiscal year 2025.
Rexford Indl Rlty Inc paid $1.72 per share in dividends in fiscal year 2025. This represents an increase of 3.0% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Rexford Indl Rlty Inc's net profit margin was 21.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.6 percentage points from the prior year.
Rexford Indl Rlty Inc's ROE was 2.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.8 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Rexford Indl Rlty Inc spent $250.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
REXR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $991.9M | $1.0B+7.1% | $936.4M+17.4% | $797.8M+26.4% | $631.2M+39.6% | $452.2M+37.0% | $330.1M+23.5% | $267.2M+25.8% | $212.5M+31.7% | $161.4M+27.9% | $126.2M+34.4% | $93.9M+41.0% | $66.6M | N/A | N/A |
| SG&A Expenses | $67.9M | $78.9M-4.0% | $82.2M+9.5% | $75.0M+16.7% | $64.3M+31.2% | $49.0M+33.1% | $36.8M+21.4% | $30.3M+20.3% | $25.2M+16.6% | $21.6M+24.1% | $17.4M+16.0% | $15.0M+23.6% | $12.1M | N/A | N/A |
| Interest Expense | $106.1M | $104.9M+6.4% | $98.6M+60.6% | $61.4M+26.6% | $48.5M+20.8% | $40.1M+30.1% | $30.8M+14.8% | $26.9M+5.7% | $25.4M+25.8% | $20.2M+36.1% | $14.8M+75.7% | $8.5M+32.1% | $6.4M | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 | N/A | N/A |
| Net Income | -$380.7M | $219.8M-23.1% | $285.9M+14.6% | $249.6M+40.9% | $177.2M+30.0% | $136.2M+78.3% | $76.4M+23.3% | $62.0M+34.1% | $46.2M+13.5% | $40.7M+62.0% | $25.1M+1240.8% | $1.9M+109.2% | $896K | -$9.0M-41.3% | -$6.3M |
| EPS (Diluted) | — | $0.86-28.3% | $1.20+7.1% | $1.12+21.7% | $0.92+15.0% | $0.80+56.9% | $0.51+8.5% | $0.47+14.6% | $0.41-14.6% | $0.48+33.3% | $0.36+1100.0% | $0.03 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2013.
REXR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.6B-0.3% | $12.6B+15.7% | $10.9B+18.0% | $9.3B+36.5% | $6.8B+37.0% | $5.0B+36.1% | $3.6B+30.5% | $2.8B+32.0% | $2.1B+39.4% | $1.5B+31.4% | $1.2B+23.7% | $932.2M | $420.5M | N/A |
| Cash & Equivalents | $165.8M+196.2% | $56.0M+67.4% | $33.4M-9.1% | $36.8M-16.4% | $44.0M-75.0% | $176.3M+123.6% | $78.9M-56.3% | $180.6M+2628.1% | $6.6M-57.4% | $15.5M+198.5% | $5.2M-39.6% | $8.6M | $43.5M+107.9% | $20.9M |
| Accounts Receivable | $14.0M-11.5% | $15.8M-9.8% | $17.5M+14.9% | $15.2M+38.1% | $11.0M+8.0% | $10.2M+73.3% | $5.9M+19.1% | $4.9M+34.9% | $3.7M+33.3% | $2.7M-9.6% | $3.0M+67.8% | $1.8M | N/A | N/A |
| Total Liabilities | $3.8B-3.8% | $3.9B+40.8% | $2.8B+19.3% | $2.3B+36.3% | $1.7B+20.6% | $1.4B+39.8% | $1.0B+15.6% | $879.3M+17.8% | $746.1M+35.0% | $552.9M+20.3% | $459.5M+18.9% | $386.3M | $324.2M | N/A |
| Long-Term Debt | $3.3B-2.8% | $3.3B+50.3% | $2.2B+15.0% | $1.9B+38.4% | $1.4B+15.1% | $1.2B+41.8% | $857.8M+13.3% | $757.4M+13.2% | $668.9M+33.7% | $500.2M+19.6% | $418.2M+17.3% | $356.4M | $302.8M | N/A |
| Total Equity | $8.5B+1.6% | $8.3B+7.2% | $7.8B+18.5% | $6.6B+37.0% | $4.8B+47.4% | $3.2B+27.0% | $2.6B+36.2% | $1.9B+40.0% | $1.3B+42.7% | $939.3M+39.8% | $672.1M+29.3% | $519.7M | $96.2M+42.2% | $67.7M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$24.7M | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities.
No annual filing on record for: FY2013.
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.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $509.3M | $542.1M+13.2% | $478.9M+12.0% | $427.5M+30.5% | $327.7M+41.6% | $231.5M+26.5% | $183.0M+31.2% | $139.5M+35.7% | $102.8M+34.1% | $76.7M+35.8% | $56.4M+39.3% | $40.5M+65.3% | $24.5M | N/A | N/A |
| Investing Cash Flow | $52.2M | -$125.1M+93.2% | -$1.8B-9.5% | -$1.7B+31.6% | -$2.4B-28.0% | -$1.9B-93.7% | -$987.5M-1.5% | -$972.7M-91.8% | -$507.2M+16.4% | -$606.9M-68.0% | -$361.2M-52.6% | -$236.8M+37.8% | -$380.6M | N/A | N/A |
| Financing Cash Flow | -$1.1B | -$307.2M-122.3% | $1.4B+10.8% | $1.2B-41.1% | $2.1B+36.6% | $1.5B+71.4% | $903.2M+23.5% | $731.5M+26.5% | $578.2M+10.8% | $521.6M+65.5% | $315.1M+63.4% | $192.9M-45.8% | $355.7M | N/A | N/A |
| Dividends Paid | $399.9M | $397.5M+12.2% | $354.2M+21.8% | $290.7M+44.0% | $201.9M+55.6% | $129.8M+30.7% | $99.3M+31.4% | $75.5M+40.7% | $53.7M+33.5% | $40.2M+22.4% | $32.9M+26.2% | $26.0M+55.9% | $16.7M | N/A | N/A |
| Share Buybacks | $550.3M | $250.1M | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | $747K+291.1% | $191K+94.9% | $98K | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2013.
REXR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 21.9%-8.6pp | 30.5%-0.8pp | 31.3%+3.2pp | 28.1%-2.1pp | 30.1%+7.0pp | 23.1%-0.1pp | 23.2%+1.4pp | 21.8%-3.5pp | 25.2%+5.3pp | 19.9%+17.9pp | 2.0%+0.7pp | 1.4% | N/A | N/A |
| Return on Equity | 2.6%-0.8pp | 3.4%+0.2pp | 3.2%+0.5pp | 2.7%-0.2pp | 2.9%+0.5pp | 2.4%-0.1pp | 2.4%0.0pp | 2.5%-0.6pp | 3.0%+0.4pp | 2.7%+2.4pp | 0.3%+0.1pp | 0.2% | -9.3%+0.1pp | -9.4% |
| Return on Assets | 1.7%-0.5pp | 2.3%0.0pp | 2.3%+0.4pp | 1.9%-0.1pp | 2.0%+0.5pp | 1.5%-0.2pp | 1.7%0.0pp | 1.7%-0.3pp | 1.9%+0.3pp | 1.7%+1.5pp | 0.2%+0.1pp | 0.1% | -2.1% | N/A |
| Debt-to-Equity | 0.380.0x | 0.40+0.1x | 0.290.0x | 0.300.0x | 0.29-0.1x | 0.370.0x | 0.34-0.1x | 0.40-0.1x | 0.500.0x | 0.53-0.1x | 0.62-0.1x | 0.69 | 3.15 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
No annual filing on record for: FY2013.
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Where Rexford Indl Rlty Inc Ranks
Frequently Asked Questions
What is Rexford Indl Rlty Inc's annual revenue?
Rexford Indl Rlty 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 Indl Rlty Inc's revenue growing?
Rexford Indl Rlty Inc (REXR) revenue grew by 7.1% year-over-year, from $936.4M to $1.0B in fiscal year 2025.
Is Rexford Indl Rlty Inc profitable?
Yes, Rexford Indl Rlty Inc (REXR) reported a net income of $219.8M in fiscal year 2025, with a net profit margin of 21.9%.
How much debt does Rexford Indl Rlty Inc have?
As of fiscal year 2025, Rexford Indl Rlty Inc (REXR) had $165.8M in cash and equivalents against $3.3B in long-term debt.
What is Rexford Indl Rlty Inc's net profit margin?
Rexford Indl Rlty 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.
Does Rexford Indl Rlty Inc pay dividends?
Yes, Rexford Indl Rlty Inc (REXR) paid $1.72 per share in dividends during fiscal year 2025.
What is Rexford Indl Rlty Inc's return on equity (ROE)?
Rexford Indl Rlty Inc (REXR) has a return on equity of 2.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Rexford Indl Rlty Inc's operating cash flow?
Rexford Indl Rlty Inc (REXR) generated $542.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Rexford Indl Rlty Inc's total assets?
Rexford Indl Rlty Inc (REXR) had $12.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Rexford Indl Rlty Inc's debt-to-equity ratio?
Rexford Indl Rlty 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.
What is Rexford Indl Rlty Inc's return on assets (ROA)?
Rexford Indl Rlty 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.
What is Rexford Indl Rlty Inc's Piotroski F-Score?
Rexford Indl Rlty 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.
Are Rexford Indl Rlty Inc's earnings high quality?
Rexford Indl Rlty 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.
How financially healthy is Rexford Indl Rlty Inc?
Rexford Indl Rlty Inc (REXR) scores 50 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.