QualityDipStocks / Real Estate · REITs
Rexford Industrial Realty REXR
Outside our quality screen, so we don’t track its dips. It’s 9% below its 52-week high.
Outside our quality screen, trading near our fair value estimate.
- Fair value est.
- $36.71−4%
- Market Value
- $38.25at the price
- Off 52-wk high
- −9%
- Risk vs market
- Lowbeta 0.42
4 bullish · 5 bearish See why
Key levels
Every level vs today’s $38.22
- 52-wk lowlowest close, 1 year$32.47−15.0%
- Fair value est.base case$36.71−3.9%
- PriceFri Oct 30 close$38.22you are here
- Market Valueavg paid since Oct 22$38.25+0.1%
- 52-wk highhighest close, 1 year$42.22+10.5%
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 15.0% ±2 points. Bear = 10.5% and 13.0%; bull = 8.5% and 17.0% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, REXR’s free cash flow would need to grow about 16% a year for five years; our estimate uses 15%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much REXR moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves much less than the market, but its own price swings are 2.0× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.42
- Volatility
- 26% vs 13% SPY
- Correlation SPY
- 0.21
- Correlation QQQ
- 0.05
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
Cash returnsShare count down 6.0% in a year: $709M of buybacks over 12 months.
Cash returnsDividend yield of 4.7% ($395M paid over 12 months).
GrowthSales compounded 17% a year from FY2022 to FY2025.
Cash returnsFree cash flow grew 27% over the last 12 months vs the 12 months before.
Top bearish points 5 of 5
ProfitabilityLost $473M over the last 12 months (net income, SEC filings).
GrowthSales growth slowed to −2% over the last 12 months, from 17% a year over the prior three fiscal years.
Balance sheetDebt rose 46% to $3.3B from FY2023 to FY2025.
GrowthDiluted EPS fell 28% to $0.86 in FY2025.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; sales down vs the year-ago quarter; net debt 3.5× EBITDA (limit 3×).
Who’s talking about it
Notable investors, executives, analysts and public figures on Rexford Industrial Realty in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in REITs
All fundamentals
FCF yield 3.1% · ROE -6% · Sales −2%
Valuation
- P/E
- n/aloss over the last 12 months
- Price / FCF
- 32.1×
- FCF yield
- 3.1%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 8.62×
- Price / book
- 1.18×
- Market cap
- $8.4Bprice × diluted shares
- Enterprise value
- $10.8B
Growth
- Revenue, 12 months
- $978M
- Sales growth, 12 months
- −2.0%vs the 12 months before
- Sales growth, 3 yrs
- +16.7%/yrfrom FY2022
- Diluted EPS, 12 months
- −$2.10
- EPS growth, last FY
- −28.3%
- Net income, 12 months
- −$473M
- Net income growth
- n/anot reported in its SEC filings
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- −48.4%
- FCF margin
- 26.8%
- Return on equity
- −6%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $424M
- Total debt
- $2.8B
- Net cash
- −$2.3B
- Debt / equity
- 0.39×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- $262M
- FCF growth, 12 months
- +27%
- Dividend yield
- 4.69%$395M paid
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- $709M8.4% of market cap
- Share count, 1 year
- −6.0%diluted shares vs a year ago
- Stock-based comp
- $78M
Trailing 12 months to Sep 30, 2026; balance sheet at Sep 30, 2026. From Rexford Industrial Realty’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
DCF $36.71 · MV $38.25 · FCF value $36.57
Assumes 15.0% growth for 5 years (revenue grew 16.7% a year FY22–FY25; capped at 15%), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $1.19 a share (trailing 12 months to Sep 30, 2026), from the 10-Q filed Oct 27, 2026. Net debt $2.3B, not deducted.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Momentum & 52-week range
RSI 55 · 5 days −1.3%
The business
FCF $0.3B · Sales −6%
- Free cash flow, 12 months$0.3B
- Free-cash-flow yield3.8%
- Free-cash-flow margin31%
- Gross margin77%
- Operating margin39%
- Return on invested capital3%
- Return on equity−6%
- Sales growth (latest quarter vs year-ago quarter)−6%
- Net debt / EBITDA3.5×
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
REXR is outside our quality screen
One text when a published rule fires on one of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.