Stocks · Real Estate · REIT - Industrial
Rexford Industrial Realty, Inc. REXR
$36.69 +1.86% Close, Oct 2, 2026 · NYSE · Market cap $8.39B
Expensive vs sectorHigh risk
Next earnings report: Oct 22, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $-1.83, down 236.6% year over year.
- Operating margin narrowed to 39.6% from 69.2% a year earlier.
- Net debt is 1593.8× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 25%
- EPS growth (TTM, YoY)Bottom 3%
- FCF growth (TTM, YoY)Top 18%
- Revenue growth, 3-year CAGRTop 17%
- Revenue growth accelerationBottom 23%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 46%
- Gross marginTop 37%
- Operating marginTop 27%
- Accruals (lower is better)Top 11%
- Net debt / EBITDA (lower is better)Bottom 1%
- Interest coverTop 13%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 17%
- Free-cash-flow yieldBottom 30%
- EBITDA / enterprise valueBottom 9%
- Sales / enterprise valueBottom 29%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 27%
- 6-month returnTop 19%
- 1-year return vs S&P 500Bottom 39%
- Distance from 52-week highTop 38%
- Trend checklist (0–4)Top 19%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 5%
- Consecutive EPS beatsBottom 18%
- Share of analysts rating BuyTop 45%
- Upside to consensus price targetBottom 8%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 30%
- Maximum drawdown, 3 yearsBottom 36%
- Beta vs S&P 500 (lower is better)Bottom 36%
- Net debt / EBITDA (lower is better)Bottom 1%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 1.4% | -0.2% | ↓ |
| EPS growth (YoY) | -26.0% | -236.6% | ↓ |
| Gross margin | 77.6% | 61.0% | ↓ |
| Operating margin | 69.2% | 39.6% | ↓ |
| FCF margin | 15.6% | 23.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -0.2% | 1.4% | ↓ | Bottom 25% |
| EPS growth (TTM, YoY) | -236.6% | -26.0% | ↓ | Bottom 3% |
| Gross margin | 61.0% | 77.6% | ↓ | Top 37% |
| Operating margin | 39.6% | 69.2% | ↓ | Top 27% |
| Net margin | -39.7% | 32.2% | ↓ | — |
| Free-cash-flow margin | 23.1% | 15.6% | ↑ | — |
| Return on invested capital | 3.6% | — | Bottom 46% | |
| Revenue growth, 3-year CAGR | 16.7% | — | Top 17% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -7.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -56.7 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1593.77×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 3.6×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.95%
- Net buyback yield (TTM)
- 10.70%
- Shareholder yield
- 15.65%
- Share count change, 1 year
- -5.2%
- Share count change, 3-year CAGR
- +3.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- -100.0%
- Average 2-day reaction, last 8
- +0.9%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $39.17
- Target vs current price
- +6.8%
- Analysts with a rating
- 22
- Share rating Buy or Strong Buy
- 50%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | -866.9% | -2.1% | +5.2% | +2.1% | — |
| Apr 23, 2026 | +42.4% | +0.2% | -2.1% | -0.6% | +1.8% |
| Feb 4, 2026 | -221.5% | +2.0% | -5.7% | -8.0% | -11.5% |
| Oct 15, 2025 | +19.4% | +3.0% | +6.0% | +3.1% | -0.4% |
| Jul 16, 2025 | +93.4% | +0.3% | +3.2% | +2.4% | +14.6% |
| Apr 16, 2025 | +9.6% | +0.4% | +1.5% | +7.9% | +13.9% |
| Feb 5, 2025 | +0.0% | -0.0% | +1.1% | +1.5% | -18.7% |
| Oct 16, 2024 | +7.2% | +3.5% | -6.5% | -13.3% | -19.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | -$2.26 | $0.29 | -866.9% | $243.0M |
| Apr 23, 2026 | $0.38 | $0.27 | +42.4% | $242.1M |
| Feb 4, 2026 | -$0.30 | $0.25 | -221.5% | $243.2M |
| Oct 15, 2025 | $0.37 | $0.31 | +19.4% | $246.8M |
| Jul 16, 2025 | $0.48 | $0.25 | +93.4% | $241.6M |
| Apr 16, 2025 | $0.30 | $0.27 | +9.6% | $248.8M |
| Feb 5, 2025 | $0.27 | $0.27 | +0.0% | $239.7M |
| Oct 16, 2024 | $0.30 | $0.28 | +7.2% | $238.4M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / EBITDA | 5599.8× | — | — | Bottom 9% |
| EV / Sales | 11.91× | — | — | Bottom 29% |
| Free-cash-flow yield | 2.71% | — | — | Bottom 30% |
| Earnings yield | -4.99% | — | — | Bottom 17% |
P/E over the past five years
Range 25.8× – 98.0× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -12.3%
- Earnings per share growth (TTM)
- -236.6%
- Change in P/E multiple
- +52.8%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 1
- 50-day average slope (20 days)
- +2.9%
- 200-day average slope (20 days)
- -0.9%
- Distance from 50-day average
- -1.9%
- Distance from 200-day average
- +0.0%
- RSI (14)
- 43.3
- Relative volume
- 1.15×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 28.8%
- Volatility vs own 5-year history
- 70th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.69
- Correlation with S&P 500
- 0.40
- Current drawdown from 1-year high
- -17.1%
- Maximum drawdown, 3 years
- -45.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 20, 2022 | Apr 8, 2025 | -62.4% | 744 days | Not yet recovered |
| Dec 31, 2021 | Feb 23, 2022 | -15.6% | 36 days | 39 days (Apr 20, 2022) |
| Oct 12, 2020 | Jan 12, 2021 | -11.0% | 63 days | 57 days (Apr 6, 2021) |
| Sep 2, 2021 | Sep 30, 2021 | -10.6% | 19 days | 14 days (Oct 20, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $8.39B
- EPS, diluted (TTM)
- -$1.83
- Revenue (TTM)
- $984.5M
- Dividend yield
- 4.73%
- 52-week range
- $32.14 – $44.38
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $452.2M | $631.2M | $797.8M | $936.4M | $1.00B |
| Gross profit | $344.5M | $480.7M | $613.3M | $726.1M | $775.4M |
| Operating income | $295.5M | $416.4M | $538.3M | $644.0M | $380.6M |
| Net income | $128.2M | $167.6M | $238.0M | $273.8M | $212.0M |
| EPS (diluted) | $0.80 | $0.92 | $1.12 | $1.20 | $0.86 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $241.8M | $242.9M | $252.3M | $249.5M | $253.2M | $240.7M | $245.1M | $245.5M |
| Net income | $67.8M | $62.2M | $71.2M | $116.3M | $89.9M | -$65.4M | $91.2M | -$506.9M |
| EPS (diluted) | $0.30 | $0.26 | $0.30 | $0.48 | $0.35 | -$0.30 | $0.38 | -$2.26 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $231.5M | $327.7M | $427.5M | $478.9M | $542.1M |
| Capital expenditure | -$102.5M | -$135.1M | -$266.6M | -$373.4M | -$333.4M |
| Free cash flow | $129.0M | $192.6M | $161.0M | $105.5M | $208.7M |
| Dividends paid | -$136.2M | -$210.5M | -$302.2M | -$9.3M | -$412.6M |
| Net share buybacks | $1.62B | $1.81B | $1.27B | $647.4M | $225.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $32.2M
- Total assets
- $11.63B
- Total liabilities
- $3.74B
- Total debt
- $3.37B
- Net debt
- $3.34B
- Shareholders’ equity
- $7.54B
As of Jun 30, 2026 (filed Jul 28, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.44 | Oct 15, 2026 |
| Jun 30, 2026 | $0.44 | Jul 15, 2026 |
| Mar 31, 2026 | $0.44 | Apr 15, 2026 |
| Dec 31, 2025 | $0.43 | Jan 15, 2026 |
| Sep 30, 2025 | $0.43 | Oct 15, 2025 |
| Jun 30, 2025 | $0.43 | Jul 15, 2025 |
| Mar 31, 2025 | $0.43 | Apr 15, 2025 |
| Dec 31, 2024 | $0.42 | Jan 15, 2025 |
Short interest
- Shares sold short
- 11,026,243
- Days to cover
- 4.26
- Change vs previous report
- +20.5%
FINRA short interest, settlement date Sep 15, 2026.