REXR
Real EstateRexford Industrial Realty, Inc. · REIT - Industrial · $8B
What is Rexford Industrial Realty, Inc.?
Rexford Industrial Realty is a real estate investment trust (REIT) concentrated exclusively on industrial properties in Southern California's infill markets — one of the most supply-constrained industrial corridors in the country. The company owns and operates a large portfolio of warehouses, distribution centers, and light-industrial facilities.
Rexford generates revenue primarily through leasing industrial space to tenants across Southern California. Its strategy centers on acquiring, repositioning, and managing properties in densely populated infill locations where new supply is structurally limited. The company owns 232 properties totaling approximately 27.9 million rentable square feet and manages an additional 20 properties. By focusing on a single geography rather than diversifying nationally, Rexford aims to build deep local expertise and pricing power within that market.
Rexford was founded in 2013 and is headquartered in Los Angeles, California.
- Industrial warehouse and distribution space in Southern California infill markets
- Light-industrial and multi-tenant industrial property leasing
- Value-add property repositioning and redevelopment
- Third-party property management services for select industrial assets
Is REXR a Good Stock to Buy?
UQS Score rates REXR as Below Average overall.
Among the five pillars, Risk stands out as the clearest relative strength — reflecting the company's REIT structure, geographic focus, and the generally stable nature of industrial leasing cash flows. Valuation sits at a Neutral reading, suggesting the market has not dramatically mispriced the stock in either direction relative to fundamentals.
Growth and Moat are both rated Weak, pointing to headwinds in near-term expansion and questions about durable competitive advantages beyond the geographic concentration strategy. Quality registers as Neutral, indicating no standout operational edge.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does REXR pay dividends?
Yes — Rexford Industrial Realty, Inc. pays a dividend.
Rexford pays a regular dividend, consistent with its REIT structure — REITs are required by law to distribute the majority of taxable income to shareholders. Income-focused investors often screen for REXR on this basis. The dividend cadence is quarterly. Because the payout is tied to distributable income rather than discretionary policy, it can fluctuate alongside the company's operating performance.
When does REXR report earnings?
Rexford Industrial reports earnings on a quarterly cadence, typical for US-listed REITs.
As a REIT, Rexford's quarterly results center on funds from operations (FFO) and same-property net operating income rather than traditional earnings per share. Leasing activity, occupancy trends, and rent spreads on new and renewal leases are the metrics investors watch most closely each quarter.
For the most recent quarter's results and upcoming reporting schedule, visit Rexford Industrial's investor relations page directly.
REXR Price History
-22.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Rexford Industrial Realty, Inc.?
Based on Rexford Industrial Realty, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
REXR Long-term Outlook
The UQS Growth pillar for REXR is rated Weak, reflecting a more challenging near-term expansion environment compared to prior years when Southern California industrial rents surged. The Risk pillar remains Good, suggesting the business is not in acute financial distress, but the combination of muted growth and a Weak Moat rating means the fundamental outlook carries meaningful uncertainty. Investors weighing REXR should consider whether the geographic concentration that once drove outperformance can sustain occupancy and rent growth as the broader industrial cycle normalizes.
Growth drivers
- Supply-constrained Southern California infill markets limiting new competitive inventory
- Value-add repositioning of acquired properties to drive higher rents over time
- Long-term structural demand for last-mile industrial and distribution space
Key risks
- Slowing rent growth as the post-pandemic industrial leasing boom moderates
- Geographic concentration — a regional economic downturn would have outsized impact
- Rising interest rates increasing the cost of capital for a debt-dependent REIT model
REXR vs Peers
Rexford operates in the broader industrial and specialty REIT space alongside several peers with distinct strategies and geographies.
Lineage focuses on temperature-controlled warehouse logistics rather than general industrial space, serving food and cold-chain supply networks globally.
CubeSmart operates in the self-storage segment of real estate, targeting consumer and small-business storage demand rather than industrial tenants.
First Industrial holds a nationally diversified industrial portfolio, contrasting with Rexford's deliberate single-market focus on Southern California.
Frequently Asked Questions
What does Rexford Industrial do?
Rexford Industrial is a REIT that owns and operates industrial properties — warehouses, distribution facilities, and light-industrial buildings — exclusively in Southern California's infill markets. The company leases space to a range of tenants and also pursues value-add repositioning of acquired properties to improve rents and occupancy.
Does REXR pay dividends?
Yes, Rexford pays a regular quarterly dividend. As a REIT, it is required to distribute the majority of its taxable income to shareholders, making dividend payments a core feature of the investment. The size of the dividend can vary with operating performance.
When does REXR report earnings?
Rexford Industrial reports on a quarterly cadence, as is standard for US-listed REITs. For exact dates and the most recent results, check the investor relations section of Rexford's official website.
Is REXR a good stock to buy?
UQS Score rates REXR as Below Average overall. The Risk pillar is the relative bright spot, while Growth and Moat are both rated Weak. Whether the stock suits a given investor depends on their income needs, risk tolerance, and view on Southern California industrial real estate. The full pillar breakdown is available to Pro members.
Is REXR overvalued?
REXR's Valuation pillar is rated Neutral, suggesting the market price is neither dramatically stretched nor deeply discounted relative to the company's fundamentals as measured by the UQS framework. Investors seeking the detailed valuation metrics behind that label can access them through a UQS Pro account.
How does REXR compare to its competitors?
Rexford's most distinctive trait is its exclusive focus on Southern California infill industrial properties. Peers like First Industrial Realty operate nationally diversified portfolios, while Lineage targets cold-storage logistics and CubeSmart serves the self-storage segment — all meaningfully different business models within the broader real estate sector.
What is REXR's market cap bracket?
Rexford Industrial is classified as a mid-cap company. This places it in a tier that typically offers more liquidity than small-cap REITs while remaining smaller than the mega-cap industrial landlords that dominate index weightings.
Who founded Rexford Industrial?
Rexford Industrial was founded in 2013. Founding details and leadership history are publicly available through the company's official investor relations materials and SEC filings.
Is REXR a long-term quality investment?
From a long-term quality perspective, REXR's UQS profile shows a Neutral Quality pillar and Weak Growth and Moat ratings — factors that matter for sustained compounding. The Good Risk rating offers some reassurance on financial stability. Investors focused on long-term quality indicators should review the full pillar analysis available to Pro members.
What is the main competitive advantage of Rexford Industrial?
Rexford's core thesis rests on geographic specialization — Southern California infill markets have very limited land available for new industrial development, which historically constrains supply and supports rents. However, the UQS Moat pillar rates this advantage as Weak, reflecting uncertainty about how durable that edge is as market conditions evolve.
What sector does REXR belong to?
Rexford Industrial belongs to the Real Estate sector, specifically the industrial REIT sub-segment. Industrial REITs own and lease logistics, warehouse, and distribution properties — a category that gained significant attention during the e-commerce and supply-chain investment cycle.
Is REXR a growth stock or value stock?
Based on UQS pillar labels, REXR leans toward neither category cleanly. The Growth pillar is rated Weak, which is not characteristic of a high-growth name, while the Valuation pillar is Neutral — not deeply discounted enough to be a classic value play. It sits in a middle ground more typical of income-oriented REITs.
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Pro Analysis
REXR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 43.9 | 59.8 | 34.0 | 34.5 | 41.0 | 49.2 | -4.2 |
| May 7, 2026 | 48.1 | 57.6 | 34.0 | 32.6 | 78.3 | 46.2 | -0.1 |
| May 2, 2026 | 48.2 | 57.6 | 34.0 | 32.6 | 78.3 | 47.0 | 0.0 |
| Apr 26, 2026 | 48.2 | 57.6 | 34.0 | 32.7 | 78.3 | 47.0 | +0.2 |
| Apr 19, 2026 | 48.0 | 57.6 | 34.0 | 32.7 | 78.3 | 45.2 | -0.6 |
| Apr 18, 2026 | 48.6 | 57.6 | 34.0 | 33.4 | 78.3 | 48.5 | +0.1 |
| Apr 14, 2026 | 48.5 | 57.6 | 34.0 | 33.4 | 78.3 | 48.0 | -0.1 |
| Apr 13, 2026 | 48.6 | 57.6 | 34.0 | 33.4 | 78.3 | 48.7 | -0.1 |
| Apr 12, 2026 | 48.7 | 57.6 | 34.0 | 33.6 | 78.3 | 48.7 | -0.1 |
| Apr 5, 2026 | 48.8 | 57.6 | 34.0 | 33.6 | 78.3 | 49.8 | +1.2 |
REXR — Pillar Breakdown
Quality
— 59.8/100 (25%)Rexford Industrial Realty, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 34.5/100 (20%)Rexford Industrial Realty, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 41.0/100 (15%)Rexford Industrial Realty, Inc. has some risk factors including moderate leverage or solvency concerns.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 48.9/100 (15%)Rexford Industrial Realty, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 34/100 (25%)Rexford Industrial Realty, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for REXR.
Score Composition
Financial Data
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How is the REXR UQS Score Calculated?
The UQS (Unified Quality Score) for Rexford Industrial Realty, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Rexford Industrial Realty, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Rexford Industrial Realty, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.