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NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Rexford Industrial Realty, Inc. REXR

14 fiscal years on record · USD · FY2025 reported · SEC filings only
8 YEARS OF DIVIDEND GROWTH
$1.0B
▲ 7.1% YoY
$212.0M
▼ 22.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We are a self-administered and self-managed full-service REIT focused on owning, operating and acquiring industrial properties in Southern California infill markets. Through our controlling interest in our Operating Partnership and its subsidiaries, we acquire, own, improve, reposition, develop, lease and manage industrial real estate primarily located in Southern California infill markets, and from time to time, acquire or provide mortgage debt secured by industrial property. We also sell assets programmatically as part of our capital allocation strategy. As of December 31, 2025, our consolidated portfolio consisted of 419 properties with approximately 51.2 million rentable square feet. We have elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”), commencing with our taxable year ended December 31, 2013. We employ an intensive asset management strategy that is designed to increase cash flow and occupancy from our properties.

Written from the business description in Rexford Industrial Realty, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 11 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.0B
Revenue, FY2025 · full 14-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.0 · Net income 0.2
0.5B1.0B
201120152018202120242025
Compound annual growth
+16.7%
+24.9%
+26.7%
+8.2%
+22.6%
+60.5%
−2.2%
+11.0%
+39.9%
+10.9%
+14.9%
+25.3%
+32.0%
+31.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +24.9% a year over the five years to FY2025 — but profit grew slower: net income at +22.6%, earnings per share at +11.0%.

The share count rose from 0.13B to 0.23B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

22 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Net 21.9%
10%20%30%
201120182025
ROE
FY2025 · ROE 2.5%
1%2%3%
201120182025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 3 cents of profit this year.

Cash & shareholders

USD 397.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2019 · FCF -803.9
-300M-600M
201120182025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.4 · Net buybacks -0.2
0.1B0.3B-0.5B-1.0BDividendsNet buybacks
2014201620182020202220242025

USD 397.5M in dividends — 187% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 12.6B
EquityUSD 8.5B
CashUSD 165.8M
Gross debtUSD 3.3B
Net debtUSD 3.1B

Net debt stands at 36% of equity.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
REXR, 14-year financial record
Metric 20252024202320222021202020192018201720162015201420122011
Revenue $B1.00.90.80.60.50.30.30.20.20.10.10.1◌◌
Operating income $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌
EBITDA $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B◌◌◌◌◌◌◌◌◌◌0.00.0◌◌
Net income $B0.20.30.20.20.10.10.10.00.00.00.00.0−0.0−0.0
Free cash flow $B◌◌◌◌◌◌−0.8−0.4−0.6−0.3−0.2−0.4◌◌
EPS, diluted $0.861.201.120.920.800.510.470.410.480.360.030.02◌◌
Dividend / sh $1.721.671.521.260.960.860.740.640.58◌◌◌◌◌
Payout %1871291221201011301221169913113901864——
ROE %2.53.43.33.03.22.62.82.93.63.10.30.2◌◌
Shares out B0.230.230.210.190.160.130.110.100.080.070.060.04◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 40 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. Seven checks were skipped: EPS is not tagged before 2014. Seven checks were skipped: revenue is not tagged before 2014. Six checks were skipped: the balance sheet is not tagged before 2013.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2011

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