Rexford Industrial Realty, Inc.

NYSE:REXR Stock Report

Market Cap: US$8.9b

Rexford Industrial Realty Future Growth

Future criteria checks 3/6

Rexford Industrial Realty is forecast to grow earnings and revenue by 74.6% and 1.4% per annum respectively. EPS is expected to grow by 58.7% per annum. Return on equity is forecast to be 3.9% in 3 years.

Key information

74.6%

Earnings growth rate

58.74%

EPS growth rate

Industrial REITs earnings growth5.1%
Revenue growth rate1.4%
Future return on equity3.89%
Analyst coverage

Good

Last updated27 Jul 2026

Recent future growth updates

Recent updates

Seeking Alpha • Jul 24

Rexford Industrial: Buy This Undervalued REIT Before It Recovers

Summary Rexford Industrial Realty is undervalued at 14.9x forward P/FFO, well below its historical average, offering patient investors an attractive entry point. REXR’s Q2 2026 results showed 6.8% YoY Core FFO/share growth, driven by operating efficiencies and disciplined cost control, despite modest rental rate declines. Portfolio realignment of $1.5–$2 billion may create near-term FFO/share volatility, but supports share repurchases and strategic asset recycling at favorable cap rate spreads. Strong balance sheet, 4.8% yield, and constrained SoCal supply position REXR for medium-term FFO/share growth as market fundamentals recover. Read the full article on Seeking Alpha
Narrative Update • Jun 07

REXR: Long Term Occupancy And Buybacks Will Drive Future Upside

Analysts have reduced the average price target for Rexford Industrial Realty by $0.25, reflecting updated first-quarter views on revenue growth, expenses, and conditions in the broader U.S. REIT sector. Analyst Commentary Recent research updates show a mixed but constructive tone around Rexford Industrial Realty, with several firms revising price targets and one major upgrade following the latest Q1 numbers.
Narrative Update • May 21

REXR: Long Term Occupancy And Buybacks Will Shape Future Returns

Narrative Update The analyst price target for Rexford Industrial Realty has edged slightly lower by $0.06, with analysts citing recent target trims across several firms and updated views on development yields, acquisition driven growth, and long term occupancy assumptions. Analyst Commentary Recent research shows a mix of optimism and caution on Rexford Industrial Realty, with some analysts trimming price targets while others upgrade their stance based on long term occupancy expectations and views on development and acquisition driven growth.
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.
Narrative 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha

Earnings and Revenue Growth Forecasts

NYSE:REXR - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028967294N/AN/A4
12/31/2027945282N/AN/A9
12/31/2026957-257N/AN/A6
6/30/2026992-401N/AN/AN/A
3/31/2026996220213531N/A
12/31/20251,003200209542N/A
9/30/2025998328207547N/A
6/30/2025987306153524N/A
3/31/2025975273125498N/A
12/31/2024936263106479N/A
9/30/202490426594479N/A
6/30/2024867256121460N/A
3/31/2024826228140442N/A
12/31/2023798227161428N/A
9/30/2023766206166378N/A
6/30/2023723187196367N/A
3/31/2023677171204356N/A
12/31/2022631157193328N/A
9/30/2022585152191312N/A
6/30/2022538146185293N/A
3/31/2022493131180287N/A
12/31/2021452112129231N/A
9/30/202140890123216N/A
6/30/202137785118213N/A
3/31/20213527587173N/A
12/31/202033061104183N/A
9/30/202031668108179N/A
6/30/20203005291149N/A
3/31/202028553N/A150N/A
12/31/201926750N/A140N/A
9/30/201925043N/A129N/A
6/30/201923740N/A119N/A
3/31/201922432N/A114N/A
12/31/201821236N/A103N/A
9/30/201820136N/A99N/A
6/30/201819030N/A90N/A
3/31/201817542N/A83N/A
12/31/201716134N/A77N/A
9/30/201714830N/A71N/A
6/30/201714031N/A63N/A
3/31/201713426N/A61N/A
12/31/201612623N/A56N/A
9/30/201611917N/A53N/A
6/30/201610815N/A47N/A
3/31/20161003N/A45N/A
12/31/2015942N/A41N/A
9/30/2015861N/A38N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: REXR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).

Earnings vs Market: REXR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: REXR is expected to become profitable in the next 3 years.

Revenue vs Market: REXR's revenue (1.4% per year) is forecast to grow slower than the US market (12.5% per year).

High Growth Revenue: REXR's revenue (1.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: REXR's Return on Equity is forecast to be low in 3 years time (3.9%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/29 11:58
End of Day Share Price 2026/07/29 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
David RodgersBaird
Nicholas ThillmanBaird
Brendan LynchBarclays