Rexford Industrial Realty, Inc. (REXR) Stock

Rexford Industrial Realty, Inc. (REXR) is a Real Estate stock trading at $37.22 (as of 2026-08-21), with a market capitalization of $8.30B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Rexford Industrial Realty, Inc. is a real estate investment trust that owns and operates industrial properties in Southern California infill markets. It owns 232 properties totaling about 27.9 million rentable square feet and also manages 20 additional properties totaling about 1.0 million rentable square feet.

Understand Rexford Industrial Realty, Inc.: how it makes money

Rexford Industrial Realty owns and operates industrial properties in Southern California infill markets, earning money primarily from leasing space to tenants through rents from its property portfolio and ongoing lease transactions.

Rexford's profit engine is rental income, which is driven by (1) property occupancy and tenant retention and (2) the pricing economics of new and renewal leases, reflected in leasing spreads.

Business quality (Solid): Current operating data points to strong occupancy and leasing momentum, but the lower occupancy when including value-add repositioning assets highlights execution risk around redevelopment.

Valuation: At 37× earnings, REXR trades 9% above the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • High occupancy across stabilized assets: Consolidated stabilized occupancy was 97.6%, and same property portfolio occupancy was 96.5%.
  • Leasing economics appear supportive: Cash leasing spreads were 49% (and net effective leasing spreads were 63%).
  • Leasing demand and tenant staying power show up in the metrics: Tenant retention was 82%, and positive net absorption was 1.25 million square feet.

Bear case

  • Value-add repositioning lowers overall occupancy: Occupancy excluding value-add repositioning assets was 96.3%, but occupancy including value-add repositioning assets was 91.3%.
  • Redevelopment execution can affect near-term performance: Repositioning and redevelopment projects in process or projected to start were 1.0 USD_B, which can create timing and leasing risk if projects do not reach expected operating levels.
  • Macro demand may not be uniformly strong even if current metrics are solid: Infill market vacancy rate was 3.2%, which indicates vacancy levels outside Rexford can still affect leasing and spreads.
Valuation — source: SEC EDGAR (first-party)
Price$37.22
Market Cap$8.30B
Price / Book1.05
Price / Sales8.37
DCF Value (model)$104.61
DCF Upside vs Price181.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.00B
Net Margin21.1%
Revenue Growth (YoY)-1.6%
EPS Growth (YoY)-570.8%
Valuation vs Sector & Industry
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($1.26B)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorReal Estate
IndustryTrading
CEOHoward Schwimmer
Employees271
CountryUS
IPO Date2013-07-19

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REXR earnings history · REXR institutional & insider holders · REXR KPIs & operating metrics · REXR financials · REXR investor presentations & press releases · REXR SEC filings · REXR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.