Rexford Industrial Realty, Inc.

NYSE:REXR Stock Report

Market Cap: US$8.8b

Rexford Industrial Realty Valuation

Is REXR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of REXR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: REXR ($38.02) is trading below our estimate of fair value ($79.63)

Significantly Below Fair Value: REXR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for REXR?

Key metric: As REXR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for REXR. This is calculated by dividing REXR's market cap by their current earnings.
What is REXR's PE Ratio?
PE Ratio31.8x
EarningsUS$265.13m
Market CapUS$8.75b

Price to Earnings Ratio vs Peers

How does REXR's PE Ratio compare to its peers?

The above table shows the PE ratio for REXR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.5x
EGP EastGroup Properties
34.3x10.3%US$8.0b
FR First Industrial Realty Trust
21.8x-6.1%US$6.9b
TRNO Terreno Realty
35.6x9.0%US$5.9b
STAG STAG Industrial
34.4x3.1%US$6.2b
REXR Rexford Industrial Realty
31.8x12.4%US$8.8b

Price-To-Earnings vs Peers: REXR is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the peer average (31.5x).

Price to Earnings Ratio vs Industry

How does REXR's PE Ratio compare vs other companies in the Global Industrial REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
REXR 31.8xIndustry Avg. 17.6xNo. of Companies9PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: REXR is expensive based on its Price-To-Earnings Ratio (31.8x) compared to the Global Industrial REITs industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is REXR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

REXR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.8x
Fair PE Ratio39.3x

Price-To-Earnings vs Fair Ratio: REXR is good value based on its Price-To-Earnings Ratio (31.8x) compared to the estimated Fair Price-To-Earnings Ratio (39.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst REXR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$38.02
US$49.81
+31.0%
7.4%US$58.00US$44.00n/a16
Dec ’25US$42.08
US$50.88
+20.9%
8.7%US$61.00US$44.00n/a16
Nov ’25US$42.55
US$51.69
+21.5%
8.0%US$61.00US$44.00n/a16
Oct ’25US$49.45
US$54.81
+10.8%
9.3%US$66.00US$46.00n/a16
Sep ’25US$50.92
US$54.81
+7.6%
9.1%US$66.00US$46.00n/a16
Aug ’25US$50.47
US$55.13
+9.2%
12.1%US$70.00US$46.00n/a16
Jul ’25US$44.45
US$53.20
+19.7%
14.4%US$70.00US$45.00n/a15
Jun ’25US$45.36
US$53.13
+17.1%
14.5%US$70.00US$45.00n/a15
May ’25US$42.39
US$53.53
+26.3%
14.3%US$70.00US$45.00n/a15
Apr ’25US$48.84
US$58.71
+20.2%
10.7%US$70.00US$45.00n/a14
Mar ’25US$52.13
US$59.93
+15.0%
8.1%US$70.00US$52.00n/a14
Feb ’25US$54.34
US$60.64
+11.6%
8.4%US$70.00US$52.00n/a14
Jan ’25US$56.10
US$57.86
+3.1%
12.3%US$70.00US$46.00n/a14
Dec ’24US$51.21
US$56.86
+11.0%
12.4%US$70.00US$46.00US$42.0814
Nov ’24US$44.01
US$56.86
+29.2%
12.4%US$70.00US$46.00US$42.5514
Oct ’24US$49.35
US$63.25
+28.2%
10.5%US$72.00US$52.00US$49.4512
Sep ’24US$53.49
US$63.00
+17.8%
10.8%US$72.00US$52.00US$50.9210
Aug ’24US$54.49
US$63.00
+15.6%
10.8%US$72.00US$52.00US$50.4710
Jul ’24US$52.22
US$64.70
+23.9%
12.1%US$77.00US$52.00US$44.4510
Jun ’24US$53.33
US$69.56
+30.4%
4.3%US$77.00US$66.00US$45.369
May ’24US$55.47
US$69.67
+25.6%
4.3%US$77.00US$66.00US$42.399
Apr ’24US$59.65
US$69.75
+16.9%
7.2%US$81.00US$62.00US$48.848
Mar ’24US$59.68
US$70.33
+17.9%
7.6%US$81.00US$62.00US$52.139
Feb ’24US$64.59
US$67.00
+3.7%
4.3%US$71.00US$62.00US$54.348
Jan ’24US$54.64
US$67.50
+23.5%
5.3%US$74.00US$62.00US$56.108
Dec ’23US$55.18
US$68.29
+23.8%
8.2%US$80.00US$62.00US$51.217

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:09
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Rexford Industrial Realty, Inc. is covered by 30 analysts. 7 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