Rexford Industrial Realty (REXR) Stock Overview
Rexford Industrial Realty, Inc. creates value by investing in, operating and repositioning industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation over the long term. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
REXR Community Fair Values
Create NarrativeSee what 44 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Rexford Industrial Realty, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$36.03 |
| 52 Week High | US$44.38 |
| 52 Week Low | US$32.14 |
| Beta | 1.24 |
| 1 Month Change | -3.77% |
| 3 Month Change | -2.94% |
| 1 Year Change | 5.91% |
| 3 Year Change | -32.27% |
| 5 Year Change | -34.76% |
| Change since IPO | 156.62% |
Recent News & Updates
Narrative Update • May 04
REXR: Long Term Occupancy And Capital Returns Will Drive Future Upside
The analyst price target for Rexford Industrial Realty has been updated to $39.94 from $41.81, reflecting refined models following Q4 results, modestly softer fundamentals, and revised long-term occupancy and development yield assumptions across recent research updates. Analyst Commentary Recent research reflects a mix of optimism around Rexford Industrial Realty's long term positioning and caution around near term execution and valuation, with several firms refining models after Q4 results and updating longer term assumptions.Seeking Alpha • May 02
Rexford Industrial Realty: Unlock Stored Value
Summary Rexford Industrial Realty offers a rare pure play on Southern California infill industrial real estate, benefiting from lasting supply-demand imbalances. REXR trades at a 14% discount to fair value (P/FFO 15.5 vs. 18), reflecting slower near-term earnings growth but consistent long-term fundamentals. Despite rental resets and occupancy pressures, REXR projects 5%–10% re-leasing spreads and maintains a stable BBB+ balance sheet, supporting 4% annual core FFO/share growth. With a 4.7% yield, low-70% payout ratio, and 3%–4% annual dividend growth potential, REXR offers an attractive total return profile for long-term investors. Read the full article on Seeking AlphaRecent updates
Narrative Update • May 04
REXR: Long Term Occupancy And Capital Returns Will Drive Future Upside
The analyst price target for Rexford Industrial Realty has been updated to $39.94 from $41.81, reflecting refined models following Q4 results, modestly softer fundamentals, and revised long-term occupancy and development yield assumptions across recent research updates. Analyst Commentary Recent research reflects a mix of optimism around Rexford Industrial Realty's long term positioning and caution around near term execution and valuation, with several firms refining models after Q4 results and updating longer term assumptions.Seeking Alpha • May 02
Rexford Industrial Realty: Unlock Stored Value
Summary Rexford Industrial Realty offers a rare pure play on Southern California infill industrial real estate, benefiting from lasting supply-demand imbalances. REXR trades at a 14% discount to fair value (P/FFO 15.5 vs. 18), reflecting slower near-term earnings growth but consistent long-term fundamentals. Despite rental resets and occupancy pressures, REXR projects 5%–10% re-leasing spreads and maintains a stable BBB+ balance sheet, supporting 4% annual core FFO/share growth. With a 4.7% yield, low-70% payout ratio, and 3%–4% annual dividend growth potential, REXR offers an attractive total return profile for long-term investors. Read the full article on Seeking AlphaNarrative Update • Feb 21
REXR: Portfolio Transition And Capital Returns Will Shape Balanced Future Outcomes
The updated analyst price target for Rexford Industrial Realty edges lower by about $2 to the low $40s as analysts factor in softer fundamentals, model resets extending to 2027, and ongoing portfolio transition efforts. Analyst Commentary Recent Street research around Rexford Industrial Realty has focused on recalibrating price targets into the low $40s and below, with several firms updating models through 2026 and 2027 as fundamentals and valuation expectations reset.Narrative Update • Feb 07
REXR: New CEO Succession And Capital Allocation Approach Will Shape Future Returns
Narrative Update The analyst price target for Rexford Industrial Realty has been adjusted modestly, with recent target cuts of up to US$5 from some firms offset by smaller increases from others. Analysts are factoring in updated sector views, a slightly higher discount rate, more measured revenue growth assumptions, and the impact of management and capital allocation changes on long term expectations.Narrative Update • Jan 22
REXR: New CEO Plan And Balanced Sector View Will Shape Returns
Analysts have nudged their price targets for Rexford Industrial Realty slightly lower, trimming our fair value estimate by about $0.13 per share to $43.94 as they factor in updated discount rate assumptions, more cautious revenue growth and margin expectations, and a higher future P/E multiple reflected in recent research moves across the REIT group. Analyst Commentary Recent research on Rexford Industrial Realty reflects a mixed but fairly balanced view, with some analysts turning slightly more constructive while others are dialing back expectations and price targets.Narrative Update • Jan 08
REXR: New Leadership And Buybacks Will Support Future Risk Reward Profile
Narrative Update The updated analyst price framework for Rexford Industrial Realty reflects a modest trim in fair value to approximately $44.06 from about $44.31, with analysts pointing to recent target moves around $42 to $44. These moves factor in the new CEO's capital allocation approach, Q3 sector updates for U.S. industrial REITs, and shifts in relative ratings across the peer group.Narrative Update • Dec 23
REXR: New Leadership And Capital Allocation Will Support Balanced Future Risk Reward Profile
Analysts have modestly adjusted their price target on Rexford Industrial Realty to approximately $44.31 from about $44.38, reflecting slightly improved expectations for revenue growth, profit margins, and sector fundamentals in light of the company's evolving strategic and capital allocation approach. Analyst Commentary Recent Street commentary reflects a mixed but generally constructive view on Rexford Industrial Realty, with modest target price increases framed by lingering concerns about valuation and execution risk.Narrative Update • Dec 09
REXR: New CEO And Capital Allocation Shift Will Drive Future Upside Potential
Analysts have nudged their average price target on Rexford Industrial Realty modestly higher to about $44, reflecting confidence that the company’s new CEO, refined capital allocation strategy, and healthy industrial leasing trends can offset slightly slower growth and margin compression. Analyst Commentary Recent Street research presents a mixed but generally constructive view on Rexford Industrial Realty, with incremental price target increases tempered by a more cautious stance on the risk reward profile.Narrative Update • Nov 25
REXR: Recent Board Actions And Leadership Transition Will Shape Outlook Amid Sector Uncertainty
Analysts have modestly increased their fair value estimate for Rexford Industrial Realty, raising the price target from $44.13 to $44.38. This reflects optimism around management’s strategic initiatives and recent positive sector trends.Narrative Update • Nov 03
REXR: New Share Repurchase Program And Demand Recovery Hopes Will Shape Outlook
Rexford Industrial Realty's analyst price target has increased by $1.13 to $44.13. Analysts cite updated financial models and improved operating trends as supporting factors for the upward revision.Narrative Update • Oct 20
Redevelopment In Southern California Will Unlock Scarcity Value
Rexford Industrial Realty's analyst price target has increased to $43.00 from $41.47 as analysts cite an improving operating outlook, stronger profit margins, and updates to future AFFO estimates. Analyst Commentary Recent street research has spotlighted a range of perspectives regarding Rexford Industrial Realty's outlook, with several price target adjustments and mixed opinions on future growth and sector fundamentals.Narrative Update • Oct 06
Redevelopment In Southern California Will Unlock Scarcity Value
Rexford Industrial Realty's analyst price target has been increased from $40.88 to $41.47. This change reflects updated outlooks that factor in rolled-forward models and modestly improving sector fundamentals according to analysts.Narrative Update • Sep 20
Redevelopment In Southern California Will Unlock Scarcity Value
Analysts have modestly raised Rexford Industrial Realty’s price target to $40.88, citing improved Q3 demand signals and longer-term AFFO outlooks despite ongoing headwinds from rent recovery delays and market supply. Analyst Commentary Multiple analysts updated price targets by rolling forward valuation models and incorporating 2027 AFFO estimates, reflecting longer-term earnings outlooks.Narrative Update • Aug 30
Redevelopment In Southern California Will Unlock Scarcity Value
Analysts have modestly raised their price target for Rexford Industrial Realty to $39.88, citing improved industrial demand sentiment post-Q2 but expressing continued caution over slow rent recovery and persistent market headwinds. Analyst Commentary Bullish analysts are raising price targets on improved sentiment for industrial demand trends post-Q2 results and positive feedback from brokers and private landlords.Seeking Alpha • Apr 21
Rexford Industrial: This Is How Bubbles Play Out
Summary Rexford Industrial was a typical bubble stock. Fundamentals were great and valuation was atrocious. Valuation compression has reached a point from where good returns are very likely. We are upgrading this to a Buy. Read the full article on Seeking AlphaSeeking Alpha • Mar 26
Rexford Industrial: Buy This Bargain Before The Market Wakes Up
Summary Rexford Industrial Realty, Inc. trades at a discounted valuation despite strong fundamentals, focusing on versatile warehouses in supply-constrained Southern California, driving solid leasing activity and rent growth. 2025 is a "reset" year with modest NOI growth and extended lease-up times, but the long-term upside includes $280 million in embedded NOI potential. Backed by strong credit ratings and a safe balance sheet, REXR stock offers a well-covered 4.3% dividend yield, making it appealing to value and income investors. Read the full article on Seeking AlphaSeeking Alpha • Feb 21
Rexford Industrial: High Value At Low Price
Summary Rexford Industrial Realty focuses on Southern California's high-value industrial market, offering a 4.2% dividend yield and trading at a P/FFO of 17x. REXR's market benefits from a favorable supply-demand balance, with reduced new supply due to higher interest rates, supporting strong leasing spreads and NOI growth. The REIT's growth strategy emphasizes organic CapEx, with a 72% FFO payout ratio, low leverage, and a BBB+ rated balance sheet. REXR presents a long-term opportunity with the potential for significant share price recovery in 2026, driven by expected FFO per share growth. Read the full article on Seeking AlphaSeeking Alpha • Feb 06
Rexford Industrial: SoCal's Growth Dreams Crumble
Summary We had previously rated Rexford Industrial Realty, Inc. as a HOLD with a buy under price of $42. The stock has moved lower since then and took an extra dive after the release of Q4-2024 results. We go over the numbers and tell you how we played it. Read the full article on Seeking AlphaSeeking Alpha • Jan 18
Rexford Industrial: A Convincing Dividend Growth Stock To Buy Now
Summary Last month, I opened a starter position in Rexford Industrial. The industrial REIT's revenue and core FFO per share climbed higher in Q3. REXR boasts a BBB+ credit rating from S&P on a stable outlook. Shares could be priced at a 30% discount to fair value. If REXR meets growth expectations and returns to my fair value, it could post 25% annual total returns through 2027. Read the full article on Seeking AlphaSeeking Alpha • Dec 24
Rexford: Debt Metrics, Pricing Power, Pessimistic Valuation Make The Stock Undeniable
Summary Rexford Industrial is a focused Southern California REIT, leveraging management expertise to upscale properties and drive rent growth. Management's deep industry experience and founder involvement ensure this focus on quality and valued added. Rexford's valuation is attractive, trading at a significant discount compared to most peers, while its debt runway and potential for substantial future growth are unmatched. Despite geographic concentration risks, Rexford's fundamentals and market positioning justify a Strong Buy rating, leading me to open a position at $38.7. Read the full article on Seeking AlphaSeeking Alpha • Dec 17
Rexford Keeps Dropping, But Is It A Buy Yet?
Summary Rexford Industrial has seen a significant decline in share price, down 41% over the last three years, despite strong historical performance. Analysts are generally positive on REXR, but recent headwinds in California and management's withdrawn guidance suggest caution. The bull case highlights REXR's strong balance sheet, strategic assets, and secure dividend, while the bear case points to SoCal concentration risks and slowing FFO trends. I take a critical look at REXR, and share how I will play it to secure a margin of safety. Read the full article on Seeking AlphaSeeking Alpha • Dec 10
Buying REXR Lows With Low Expectations.
Summary REXR's recent price drop is likely sentiment-driven, not due to financial issues, making it an attractive buy for long-term investors. With solid FFO growth, low leverage, and high occupancy rates, REXR remains a financially strong and credible REIT. REXR offers a conservative yet stable investment, providing exposure to Southern California's industrial property market at a decent price. The current selling pressure presents a good opportunity for dollar-cost averaging, with a price target of $60 based on expected FFO growth. Read the full article on Seeking AlphaSeeking Alpha • Nov 18
Adding A Dividend Powerhouse - Rexford Industrial Joins My Portfolio
Summary I added Rexford Industrial Realty to my portfolio, making it my largest REIT investment, leveraging a recent 16% pullback. REXR's strategic focus on Southern California's constrained industrial real estate market provides unique pricing power and long-term growth potential. With a 4.0% dividend yield, strong NOI growth, and attractive valuation, REXR fits my portfolio strategy perfectly. I plan to add more aggressively if REXR's stock price continues to decline, targeting a fair value of $60. Read the full article on Seeking AlphaSeeking Alpha • Oct 17
Rexford Industrial: Upside Potential Remains
Summary Rexford Industrial remains a solid long-term investment despite high valuation, with a conservative price target of $80/share based on strong fundamentals and low leverage. Key risks include rising vacancy rates and declining market rent growth, but the company's favorable supply/demand situation and liquidity mitigate these concerns. At 27x P/AFFO, REXR is highly valued but offers potential 19-20% annualized returns with double-digit growth, making it a compelling "BUY". S&P Global analysts' average PT of $55/share undervalues REXR; I maintain a contrarian "BUY" stance, confident in its long-term performance and growth prospects. Read the full article on Seeking AlphaSeeking Alpha • Oct 04
Rexford Industrial: A Top REIT On My Radar Now
Summary Shares of Rexford Industrial have marginally exceeded the total returns of the S&P 500 index in the past five months. The industrial REIT's total revenue and core FFO per share topped the analyst consensus for the second quarter. REXR is well capitalized and has plenty of liquidity at its disposal. The industrial REIT appears to be trading at a 16% discount to its fair value. Rexford Industrial looks primed to generate 40%+ cumulative total returns by the end of 2026. Read the full article on Seeking AlphaSeeking Alpha • Sep 15
Rexford Industrial: This Industrial Champ Is A No-Brainer For Me
Summary Rexford Industrial is a specialized industrial REIT with a 100% focus on Infill Southern California, showcasing a unique investment strategy. As of July 16, 2024, Rexford Industrial owns 422 properties, totaling approximately 49.7 million square feet of leasable area. REXR is well-positioned to withstand the ongoing industrial sector headwinds and capitalize on the improving market environment. Despite solid outperformance and unique value drivers, REXR remains undervalued. Investors may expect double-digit upside potential resulting from multiple expansion, DPS growth, and further business upscalling. Read the full article on Seeking AlphaSeeking Alpha • Sep 02
Rexford Industrial: A Great Bargain With Up To 6.4% Yield
Summary Rexford Industrial offers a compelling blend of income and growth, driven by its unique focus on the high-barrier Southern California market. REXR demonstrates strong operational performance with high NOI growth and lease spreads, and a well-covered dividend. The stock is attractively valued below its historical average, with analysts expecting 10-14% annual FFO growth. Conservative investors might consider the Preferred Series C Stock, yielding 6.4%, trading at a discount, and offering a safer dividend than common shares. Read the full article on Seeking Alpha
New Narrative • Aug 22
Southern California Market Focus Fuels Robust Occupancy And Revenue Upsurge
Strategy focuses on growth in specific markets and value-add opportunities in older properties to significantly enhance earnings and occupancy.Seeking Alpha • Aug 09
Rexford Industrial Remains One Of My Best Ideas In Real Estate
Summary Industrial sector exposure in portfolios includes wide-moat companies, leading to no worries about portfolio structure. Rexford Industrial Realty benefits from industrial companies needing buildings to operate, showing resilience in a challenging environment. REXR's focus on SoCal infill market, strong financials, and growth opportunities position it as a top pick in the REIT space. Read the full article on Seeking AlphaShareholder Returns
| REXR | US Industrial REITs | US Market | |
|---|---|---|---|
| 7D | 1.2% | 1.4% | -0.3% |
| 1Y | 5.9% | 27.6% | 26.7% |
Return vs Industry: REXR underperformed the US Industrial REITs industry which returned 20.6% over the past year.
Return vs Market: REXR underperformed the US Market which returned 23.3% over the past year.
Price Volatility
| REXR volatility | |
|---|---|
| REXR Average Weekly Movement | 3.1% |
| Industrial REITs Industry Average Movement | 3.0% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: REXR has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: REXR's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2013 | 256 | Laura Clark | www.rexfordindustrial.com |
Rexford Industrial Realty, Inc. creates value by investing in, operating and repositioning industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation over the long term. The Company’s highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial’s high-quality, irreplaceable portfolio comprised 419 properties with approximately 51.2 million rentable square feet occupied by a stable and diverse tenant base.
Rexford Industrial Realty, Inc. Fundamentals Summary
| REXR fundamental statistics | |
|---|---|
| Market cap | US$8.14b |
| Earnings (TTM) | US$219.69m |
| Revenue (TTM) | US$995.92m |
36.7x
P/E Ratio8.1x
P/S RatioIs REXR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| REXR income statement (TTM) | |
|---|---|
| Revenue | US$995.92m |
| Cost of Revenue | US$229.23m |
| Gross Profit | US$766.70m |
| Other Expenses | US$547.01m |
| Earnings | US$219.69m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.98 |
| Gross Margin | 76.98% |
| Net Profit Margin | 22.06% |
| Debt/Equity Ratio | 37.6% |
How did REXR perform over the long term?
See historical performance and comparisonDividends
4.8%
Current Dividend Yield82%
Payout RatioDoes REXR pay a reliable dividends?
See REXR dividend history and benchmarks| Rexford Industrial Realty dividend dates | |
|---|---|
| Ex Dividend Date | Jun 30 2026 |
| Dividend Pay Date | Jul 15 2026 |
| Days until Ex dividend | 39 days |
| Days until Dividend pay date | 54 days |
Does REXR pay a reliable dividends?
See REXR dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/20 15:08 |
| End of Day Share Price | 2026/05/20 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Rexford Industrial Realty, Inc. is covered by 34 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas Thillman | Baird |
| David Rodgers | Baird |
| Brendan Lynch | Barclays |