REXR - Rexford Industrial Realty, Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$40.40
DETAILS
HIGH:
$45.00
LOW:
$38.00
MEDIAN:
$40.00
CONSENSUS:
$40.40
UPSIDE:
11.66%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 1,003.1 | 936.4 | 797.8 | 631.2 | 452.2 | 330.1 | 267.2 | 212.5 | 161.4 | 126.2 | 93.9 | 66.6 | 44.4 | 34.1 | 27.7 |
| Cost of Revenue | 227.7 | 210.3 | 184.5 | 150.5 | 107.7 | 79.7 | 63.3 | 51.7 | 42.1 | 33.6 | 25 | 18.4 | 12.3 | 9.6 | 7.7 |
| Gross Profit | 775.4 | 726.1 | 613.3 | 480.7 | 344.5 | 250.4 | 203.9 | 160.8 | 119.2 | 92.6 | 68.9 | 48.2 | 32.0 | 24.4 | 20.1 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 78.9 | 82.2 | 75.0 | 64.3 | 49.0 | 36.8 | 30.3 | 25.2 | 21.6 | 17.4 | 15.0 | 12.1 | 9.7 | 5.1 | 3.7 |
| Other Expenses | 315.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.7 |
| Operating Expenses | 394.8 | 82.2 | 75.0 | 64.3 | 49.0 | 36.8 | 30.3 | 25.2 | 21.6 | 18.4 | 15.0 | 12.1 | 9.7 | 17.1 | 13.4 |
| Operating Income | |||||||||||||||
| Operating Income | 380.6 | 644.0 | 538.3 | 416.4 | 295.5 | 213.6 | 173.6 | 135.3 | 97.2 | 73.7 | 54.0 | 36.0 | 22.3 | 6.2 | 5.1 |
| Interest Expense | 104.9 | 98.6 | 61.4 | 48.5 | 40.1 | 30.8 | 26.9 | 25.4 | 20.2 | 14.8 | 8.5 | 6.4 | 11.2 | 17.5 | 17.5 |
| Interest Income | 22.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.5 | 0 |
| Profitability | |||||||||||||||
| EBITDA | 640.6 | 614.1 | 506.8 | 383.7 | 279.8 | 203.0 | 165.6 | 129.3 | 94.9 | 73.6 | 54.2 | 36.4 | 22.7 | 18.3 | 16.5 |
| EBIT | 324.7 | 366.5 | 292.2 | 218.1 | 144.0 | 98.2 | 74.6 | 55.3 | 32.3 | 22.3 | 12.1 | 7.4 | 6.6 | 6.2 | 10.0 |
| Income Before Tax | 219.8 | 285.9 | 249.6 | 177.2 | 136.2 | 80.9 | 64.0 | 47.1 | 41.7 | 25.9 | 1.9 | (1.2) | (9.2) | (9.0) | (7.4) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.1 |
| Net Income | 212.0 | 273.8 | 238.0 | 167.6 | 128.2 | 76.4 | 62.0 | 46.2 | 40.7 | 25.1 | 1.9 | 0.9 | (4.9) | (4.2) | (3.8) |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 0.86 | 1.20 | 1.12 | 0.92 | 0.80 | 0.51 | 0.47 | 0.42 | 0.48 | 0.36 | 0.03 | -0.04 | -0.19 | – | -0.15 |
| EPS (Diluted) | 0.86 | 1.20 | 1.12 | 0.92 | 0.80 | 0.51 | 0.47 | 0.41 | 0.48 | 0.36 | 0.03 | -0.04 | -0.19 | – | -0.15 |
| Shares Outstanding | 232.5 | 218.3 | 202.9 | 170.5 | 139.3 | 120.9 | 106.4 | 86.8 | 71.2 | 62.7 | 54.0 | 32.0 | 24.9 | 25.2 | 25.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 165.8 | 56.0 | 33.4 | 36.8 | 44.0 | 176.3 | 78.9 | 180.6 | 6.6 | 15.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 314.1 | 300.7 | 263.6 | 103.4 | 72.5 | 51.1 | 35.6 | 27.2 | 19.5 | 20.6 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 16.0 | 0 | 0 | 0 | 7.2 | 10.1 | 0 | 0 | 12.7 | 0 |
| Total Current Assets | 495.8 | 356.7 | 299.2 | 141.8 | 132.2 | 241.5 | 128.9 | 208.7 | 41.3 | 36.1 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 11,850.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 145.8 | 206.6 | 158.8 | 175.1 | 137.3 | 97.3 | 78.2 | 60.8 | 54.4 | 41.5 |
| Long-Term Investments | 11,852.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | (11,732.6) | 12,084.9 | 10,471.8 | 8,942.4 | 6,511.7 | 4,612.3 | 3,431.4 | 2,518.1 | 2,015.7 | 1,437.4 |
| Total Non-Current Assets | 12,116.9 | 12,291.5 | 10,630.7 | 9,117.5 | 6,649.0 | 4,709.6 | 3,509.7 | 2,579.0 | 2,070.1 | 1,478.9 |
| Total Assets | 12,612.7 | 12,648.2 | 10,929.8 | 9,259.3 | 6,781.2 | 4,951.2 | 3,638.6 | 2,787.7 | 2,111.4 | 1,515.0 |
| Current Liabilities | ||||||||||
| Account Payables | 120.8 | 149.7 | 128.8 | 97.5 | 65.8 | 45.4 | 31.1 | 21.1 | 21.1 | 13.6 |
| Short-Term Debt | 69.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 181.3 | 199.9 | 92.6 | 73.2 | 44.3 | 37.8 | 29.8 | 25.8 | 18.6 |
| Other Current Liabilities | (120.8) | 0 | 0 | 0 | 0.2 | 0.2 | (59.3) | (52.7) | (17.8) | (9.1) |
| Total Current Liabilities | 69.2 | 428.8 | 412.4 | 252.2 | 179.4 | 119.6 | 90.5 | 66.8 | 58.9 | 41.5 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3,307.5 | 3,346.0 | 2,225.9 | 1,936.4 | 1,399.6 | 1,216.2 | 857.8 | 757.4 | 668.9 | 500.2 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 186.1 | 147.5 | 147.6 | 147.4 | 134.5 | 4.9 | (0.5) | (4.2) | (6.0) | (1.4) |
| Total Non-Current Liabilities | 3,705.5 | 3,493.4 | 2,373.5 | 2,083.8 | 1,534.1 | 1,301.0 | 925.7 | 812.4 | 687.2 | 511.4 |
| Total Liabilities | 3,774.7 | 3,922.2 | 2,785.9 | 2,335.9 | 1,713.5 | 1,420.6 | 1,016.2 | 879.3 | 746.1 | 552.9 |
| Stockholders' Equity | ||||||||||
| Common Stock | 2.3 | 2.3 | 2.1 | 1.9 | 1.6 | 1.3 | 1.1 | 1.0 | 0.8 | 0.7 |
| Retained Earnings | (642.1) | (441.9) | (338.8) | (255.7) | (191.1) | (163.4) | (118.8) | (88.3) | (67.1) | (59.3) |
| Accumulated Other Comprehensive Income | (0.4) | 6.7 | 7.2 | 8.2 | (9.9) | (17.7) | (7.5) | 6.3 | 6.8 | 3.4 |
| Total Stockholders' Equity | 8,460.6 | 8,324.1 | 7,766.9 | 6,556.9 | 4,784.6 | 3,245.1 | 2,556.2 | 1,876.1 | 1,340.0 | 939.3 |
| Total Liabilities & Equity | 12,612.7 | 12,648.2 | 10,929.8 | 9,259.3 | 6,781.2 | 4,951.2 | 3,638.6 | 2,787.7 | 2,111.4 | 1,515.0 |
| Debt Metrics | ||||||||||
| Total Debt | 3,499.8 | 3,346.0 | 2,225.9 | 1,936.4 | 1,399.6 | 1,283.4 | 976.5 | 862.8 | 705.1 | 518.4 |
| Net Debt | 3,334.0 | 3,290.0 | 2,192.5 | 1,899.6 | 1,355.6 | 1,107.1 | 897.7 | 682.2 | 698.5 | 502.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 209.4 | 285.9 | 249.6 | 177.2 | 136.2 | 80.9 | 64.0 | 47.1 | 41.7 | 25.9 |
| Depreciation & Amortization | 315.9 | 247.6 | 214.6 | 165.6 | 135.8 | 104.7 | 91.0 | 74.1 | 62.6 | 51.3 |
| Stock-Based Compensation | 0 | 41.6 | 33.6 | 28.4 | 19.5 | 12.9 | 10.8 | 10.1 | 5.4 | 3.8 |
| Change in Working Capital | (34.6) | (49.4) | (19.7) | (7.6) | (7.0) | 9.1 | (3.7) | (7.2) | (0.7) | (3.1) |
| Other Non-Cash Items | 51.3 | (46.8) | (50.6) | (35.9) | (23.0) | (11.1) | (6.2) | (5.1) | (3.8) | (4.0) |
| Operating Cash Flow | 542.1 | 478.9 | 427.5 | 327.7 | 231.5 | 183.0 | 139.5 | 102.8 | 76.7 | 56.4 |
| Investing Activities | ||||||||||
| Capital Expenditure | (333.4) | (373.4) | (266.6) | (135.1) | (102.5) | (78.8) | (47.2) | (58.0) | (42.3) | (31.9) |
| Acquisitions | 0 | 0 | 0 | 2,313.1 | 1,801.8 | 904.7 | (14.5) | (0.0) | (2.5) | 0 |
| Purchases of Investments | 0 | 0 | 0 | (2,328.4) | (1,858.4) | (928.7) | (943.4) | (494.2) | (664.4) | (373.3) |
| Sales/Maturities of Investments | 208.4 | 0 | 0 | 15.3 | 56.6 | 24.0 | 32.3 | 45.0 | 102.0 | 38.5 |
| Other Investing Activities | 0 | (1,462.6) | (1,409.9) | (2,314.1) | (1,810.3) | (908.8) | 0 | (449.2) | (562.1) | (329.3) |
| Investing Cash Flow | (125.1) | (1,836.0) | (1,676.4) | (2,449.2) | (1,912.8) | (987.5) | (972.7) | (507.2) | (606.9) | (361.2) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (101.0) | 1,116.5 | 289.4 | 537.4 | 169.3 | 296.2 | 99.8 | 89.5 | 169.0 | 83.8 |
| Stock Repurchased | (252.0) | (2.2) | (1.9) | (2.2) | (1.4) | (1.3) | (0.9) | (0.6) | (1.7) | (0.7) |
| Dividends Paid | (422.5) | (379.6) | (314.7) | (222.9) | (151.6) | (119.7) | (89.5) | (65.5) | (46.8) | (36.0) |
| Other Financing Activities | (9.4) | (4.6) | (3.0) | 1,801.9 | (4.6) | (6.1) | (0.1) | (1.7) | 401.0 | (1.9) |
| Financing Cash Flow | (307.2) | 1,379.6 | 1,245.6 | 2,114.3 | 1,547.8 | 903.2 | 731.5 | 578.2 | 521.6 | 315.1 |
| Cash Position | ||||||||||
| Net Change in Cash | 109.8 | 22.5 | (3.3) | (7.2) | (133.5) | 98.7 | (101.7) | 173.7 | (8.7) | 10.3 |
| Cash at Beginning | 56.0 | 33.4 | 36.8 | 44.0 | 177.5 | 78.9 | 180.6 | 6.9 | 15.5 | 5.2 |
| Cash at End | 165.8 | 56.0 | 33.4 | 36.8 | 44.0 | 177.5 | 78.9 | 180.6 | 6.9 | 15.5 |
| Free Cash Flow | 208.7 | 105.5 | 161.0 | 192.6 | 129.0 | 104.2 | 92.3 | 44.8 | 34.3 | 24.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 1,003.1 | 936.4 | 797.8 | 631.2 | 452.2 | 330.1 | 267.2 | 212.5 | 161.4 | 126.2 | 93.9 | 66.6 | 44.4 | 34.1 | 27.7 |
| Gross Profit | 775.4 | 726.1 | 613.3 | 480.7 | 344.5 | 250.4 | 203.9 | 160.8 | 119.2 | 92.6 | 68.9 | 48.2 | 32.0 | 24.4 | 20.1 |
| Operating Income | 380.6 | 644.0 | 538.3 | 416.4 | 295.5 | 213.6 | 173.6 | 135.3 | 97.2 | 73.7 | 54.0 | 36.0 | 22.3 | 6.2 | 5.1 |
| Net Income | 212.0 | 273.8 | 238.0 | 167.6 | 128.2 | 76.4 | 62.0 | 46.2 | 40.7 | 25.1 | 1.9 | 0.9 | (4.9) | (4.2) | (3.8) |
| EPS (Diluted) | 0.86 | 1.20 | 1.12 | 0.92 | 0.80 | 0.51 | 0.47 | 0.41 | 0.48 | 0.36 | 0.03 | -0.04 | -0.19 | – | -0.15 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 165.8 | 56.0 | 33.4 | 36.8 | 44.0 | 176.3 | 78.9 | 180.6 | 6.6 | 15.5 | |||||
| Total Assets | 12,612.7 | 12,648.2 | 10,929.8 | 9,259.3 | 6,781.2 | 4,951.2 | 3,638.6 | 2,787.7 | 2,111.4 | 1,515.0 | |||||
| Total Debt | 3,499.8 | 3,346.0 | 2,225.9 | 1,936.4 | 1,399.6 | 1,283.4 | 976.5 | 862.8 | 705.1 | 518.4 | |||||
| Stockholders' Equity | 8,460.6 | 8,324.1 | 7,766.9 | 6,556.9 | 4,784.6 | 3,245.1 | 2,556.2 | 1,876.1 | 1,340.0 | 939.3 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 542.1 | 478.9 | 427.5 | 327.7 | 231.5 | 183.0 | 139.5 | 102.8 | 76.7 | 56.4 | |||||
| Capital Expenditure | (333.4) | (373.4) | (266.6) | (135.1) | (102.5) | (78.8) | (47.2) | (58.0) | (42.3) | (31.9) | |||||
| Free Cash Flow | 208.7 | 105.5 | 161.0 | 192.6 | 129.0 | 104.2 | 92.3 | 44.8 | 34.3 | 24.5 | |||||