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Rexford Industrial Realty Inc (REXR)



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Upturn Advisory Summary
08/14/2025: REXR (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $39.38
1 Year Target Price $39.38
5 | Strong Buy |
2 | Buy |
9 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 2.93% | Avg. Invested days 37 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.25B USD | Price to earnings Ratio 28.2 | 1Y Target Price 39.38 |
Price to earnings Ratio 28.2 | 1Y Target Price 39.38 | ||
Volume (30-day avg) 17 | Beta 1.12 | 52 Weeks Range 29.33 - 50.44 | Updated Date 08/15/2025 |
52 Weeks Range 29.33 - 50.44 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 4.46% | Basic EPS (TTM) 1.34 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 32.18% | Operating Margin (TTM) 41.37% |
Management Effectiveness
Return on Assets (TTM) 1.88% | Return on Equity (TTM) 3.75% |
Valuation
Trailing PE 28.2 | Forward PE - | Enterprise Value 12015970240 | Price to Sales(TTM) 9.38 |
Enterprise Value 12015970240 | Price to Sales(TTM) 9.38 | ||
Enterprise Value to Revenue 12.18 | Enterprise Value to EBITDA 16.27 | Shares Outstanding 236672000 | Shares Floating 235352249 |
Shares Outstanding 236672000 | Shares Floating 235352249 | ||
Percent Insiders 0.11 | Percent Institutions 116.81 |
Upturn AI SWOT
Rexford Industrial Realty Inc

Company Overview
History and Background
Rexford Industrial Realty, Inc. was founded in 2001. It focuses on owning, operating, and acquiring industrial properties in Southern California, and has grown to become a leading industrial REIT in the region.
Core Business Areas
- Industrial Property Ownership: Rexford Industrial owns and manages a portfolio of industrial properties, including warehouse, distribution, manufacturing, and research and development facilities.
- Property Management: The company provides property management services to its tenants, including maintenance, repairs, and tenant relations.
- Acquisition and Development: Rexford Industrial actively acquires and develops industrial properties in its target markets.
Leadership and Structure
Howard Schwimmer and Michael Frankel serve as Co-Chief Executive Officers. The company has a board of directors and a management team responsible for overseeing its operations and strategic direction.
Top Products and Market Share
Key Offerings
- Industrial Properties: Rexford Industrial's primary offering is its portfolio of industrial properties in Southern California. Market share is significant within its specific Southern California focus, but is smaller on a national scale. Competitors include Prologis, Duke Realty (now Prologis), and First Industrial Realty Trust.
Market Dynamics
Industry Overview
The industrial real estate market is currently experiencing high demand due to e-commerce growth, supply chain restructuring, and increased inventory levels. Limited supply in key markets is driving rental rate growth and property values.
Positioning
Rexford Industrial is well-positioned within the Southern California industrial market due to its strong local expertise, established relationships, and focus on infill locations. Its competitive advantage lies in its ability to identify and acquire undervalued properties and improve their performance.
Total Addressable Market (TAM)
The total addressable market is the entire US Industrial Real Estate market, estiamted at $1 Trillion. Rexford is positioned well within Southern California industrial submarket.
Upturn SWOT Analysis
Strengths
- Strong presence in Southern California market
- Experienced management team
- Proven track record of value creation
- High-quality industrial portfolio
Weaknesses
- Geographic concentration (Southern California)
- Susceptibility to regional economic downturns
- Reliance on acquisitions for growth
- Smaller scale compared to national REITs
Opportunities
- Expansion into new markets
- Development of new industrial properties
- Increased demand for e-commerce fulfillment centers
- Consolidation of fragmented industrial market
Threats
- Rising interest rates
- Economic slowdown in Southern California
- Increased competition from other REITs
- Overbuilding of industrial space
Competitors and Market Share
Key Competitors
- PLD
- FR
- DCT
Competitive Landscape
Rexford Industrial's advantage lies in its Southern California focus and local expertise. However, it faces competition from larger, more diversified REITs with greater access to capital.
Major Acquisitions
SoCal Logistics Portfolio
- Year: 2023
- Acquisition Price (USD millions): 210.4
- Strategic Rationale: Expanded presence in highly desirable infill submarkets.
North Hollywood Industrial Property
- Year: 2024
- Acquisition Price (USD millions): 100.8
- Strategic Rationale: Increased infill presence of key submarkets of Greater Los Angeles Area
Growth Trajectory and Initiatives
Historical Growth: Rexford Industrial has achieved significant growth over the past decade through acquisitions, development, and organic rent growth.
Future Projections: Analyst estimates project continued growth for Rexford Industrial, driven by strong demand for industrial space and the company's ability to execute its strategy.
Recent Initiatives: Recent initiatives include acquisitions of strategic industrial properties, development of new facilities, and expansion into new submarkets within Southern California.
Summary
Rexford Industrial is a strong player in the Southern California industrial market, benefiting from high demand and strategic acquisitions. Its geographic concentration presents a risk, but its expertise and growth initiatives position it for continued success. The company needs to be mindful of interest rate risks and a potential economic downturn. Rexford Industrial should consider expanding its geographic focus to further diversify.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Investor Relations Presentations
- Industry Research Reports (e.g., CBRE, JLL, Cushman & Wakefield)
- Financial News Outlets (e.g., Bloomberg, Reuters, Wall Street Journal)
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor. Market share data is estimated and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Rexford Industrial Realty Inc
Exchange NYSE | Headquaters Los Angeles, CA, United States | ||
IPO Launch date 2013-07-19 | Co-CEO & Director Mr. Howard Schwimmer | ||
Sector Real Estate | Industry REIT - Industrial | Full time employees 271 | |
Full time employees 271 |
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. As of June 30, 2025, Rexford Industrial's high-quality, irreplaceable portfolio comprised 422 properties with approximately 51.0 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker REXR, Rexford Industrial is an S&P MidCap 400 Index member.

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