NYSE · Financial Statements

Rexford Industrial Realty, Inc. (REXR) Financial Statements

$38.71 NYSE: REXR Market Cap $8.85B

Rexford Industrial Realty, Inc. most recently reported annual revenue of $1.0B, net profit of $212.0M. Revenue grew at an average annual rate of 24.9% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Rexford Industrial Realty, Inc.: Revenue rose from $126.0M in 2016 to $1.0B in 2025, a change of +696.0% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 58.4% to 37.9%, a shift of -20.5 percentage points; the most recent year shows net profit of $212.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$126.0M$161.0M$212.0M$267.0M$330.0M$452.0M$631.0M$798.0M$936.0M$1.0B
Operating Expenses$52.0M$64.0M$77.0M$94.0M$117.0M$157.0M$215.0M$260.0M$292.0M$623.0M
Operating Profit$74.0M$97.0M$135.0M$174.0M$214.0M$296.0M$416.0M$538.0M$644.0M$381.0M
Operating Margin58.4%60.2%63.7%65.0%64.7%65.3%66.0%67.5%68.8%37.9%
Other Income$-48.0M$-55.0M$-88.0M$-110.0M$-133.0M$-159.0M$-239.0M$-289.0M$-358.0M$-161.0M
Interest$15.0M$20.0M$25.0M$27.0M$31.0M$40.0M$48.0M$61.0M$99.0M$105.0M
Depreciation$51.0M$63.0M$74.0M$91.0M$105.0M$136.0M$166.0M$215.0M$248.0M$316.0M
Profit Before Tax$26.0M$42.0M$47.0M$64.0M$81.0M$136.0M$177.0M$250.0M$286.0M$220.0M
Tax$0$0$0$0$0$0$0$0$0$0
Net Profit$25.0M$41.0M$46.0M$62.0M$76.0M$128.0M$168.0M$238.0M$274.0M$212.0M
EPS$0.36$0.48$0.41$0.47$0.51$0.80$0.92$1.12$1.20$0.86
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$205.0M$210.0M$214.0M$238.0M$242.0M$243.0M$252.0M$250.0M$253.0M$241.0M$245.0M$246.0M
Operating Expenses$67.0M$69.0M$67.0M$71.0M$76.0M$78.0M$75.0M$75.0M$159.0M$148.0M$145.0M$143.0M
Operating Profit$139.0M$141.0M$147.0M$166.0M$166.0M$165.0M$177.0M$174.0M$94.0M$93.0M$100.0M$102.0M
Operating Margin67.5%67.1%68.5%70.0%68.7%67.9%70.2%69.9%37.2%38.6%41.0%41.6%
Interest$16.0M$15.0M$15.0M$28.0M$27.0M$28.0M$27.0M$27.0M$25.0M$27.0M$27.0M$29.0M
Profit Before Tax$62.0M$67.0M$64.0M$86.0M$71.0M$65.0M$74.0M$120.0M$93.0M$-68.0M$95.0M$-507.0M
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$59.0M$64.0M$61.0M$82.0M$68.0M$62.0M$71.0M$116.0M$90.0M$-65.0M$91.0M$-507.0M
EPS$0.27$0.29$0.27$0.37$0.30$0.26$0.30$0.48$0.35$-0.30$0.38$-2.26

Over the 10 years reported for Rexford Industrial Realty, Inc., borrowings increased from $518.0M in 2016 to $3.5B in 2025, cash stood at $166.0M in the latest year, shareholders' equity was $2.0M, current assets covered current liabilities 7.19 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.5B$2.1B$2.8B$3.6B$5.0B$6.8B$9.3B$10.9B$12.6B$12.6B
Current Assets$36.0M$41.0M$209.0M$129.0M$242.0M$132.0M$142.0M$299.0M$357.0M$496.0M
Cash$16.0M$7.0M$181.0M$79.0M$176.0M$44.0M$37.0M$33.0M$56.0M$166.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$21.0M$19.0M$27.0M$36.0M$51.0M$73.0M$103.0M$264.0M$301.0M$314.0M
Fixed Assets$0$0$0$0$0$0$0$0$0$11.9B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$11.9B
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$553.0M$746.0M$879.0M$1.0B$1.4B$1.7B$2.3B$2.8B$3.9B$3.8B
Current Liabilities$42.0M$59.0M$67.0M$91.0M$120.0M$179.0M$252.0M$412.0M$429.0M$69.0M
Borrowings$518.0M$705.0M$863.0M$977.0M$1.3B$1.4B$1.9B$2.2B$3.3B$3.5B
Other Liabilities$34.0M$41.0M$16.0M$40.0M$137.0M$314.0M$400.0M$560.0M$576.0M$275.0M
Equity$1.0M$1.0M$1.0M$1.0M$1.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Reserves$939.0M$1.3B$1.9B$2.6B$3.2B$4.8B$6.6B$7.8B$8.3B$8.5B

For Rexford Industrial Realty, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $209.0M; free cash flow was positive in 10 of 10 years; financing activities used $261.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$56.0M$77.0M$103.0M$140.0M$183.0M$231.0M$328.0M$428.0M$479.0M$542.0M
Investing Cash Flow$-728.0M$-1.2B$-1.0B$-1.0B$-1.1B$-2.0B$-2.6B$-1.9B$-2.2B$-458.0M
Financing Cash Flow$-3.0M$399.0M$-2.0M$-1.0M$-7.0M$-6.0M$1.8B$-5.0M$-7.0M$-261.0M
Net Cash Flow$10.0M$-9.0M$174.0M$-102.0M$99.0M$-134.0M$-7.0M$-3.0M$23.0M$110.0M
Free Cash Flow$25.0M$34.0M$45.0M$92.0M$104.0M$129.0M$193.0M$161.0M$106.0M$209.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-2.49
EV / EBITDA19.26
FCF Yield2.47%
Quick Ratio7.16
Interest Coverage3.63
Return 1Y-7.55%
Return 3Y-13.69%
Return 5Y-22.62%

Rexford Industrial Realty, Inc. (REXR) financials — frequently asked questions

What is Rexford Industrial Realty, Inc.'s annual revenue?

Rexford Industrial Realty, Inc. (REXR) reported annual revenue of $1.0B in its most recent fiscal year.

What is Rexford Industrial Realty, Inc.'s net profit?

Rexford Industrial Realty, Inc. (REXR) reported net profit of $212.0M in its most recent fiscal year.

What is REXR EV/EBITDA?

Rexford Industrial Realty, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 19.26.

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