Rexford Industrial Realty (REXR) Financials

$34.23 -0.07 (-0.20%)

Closing price 03:59 PM Eastern

Extended Trading

$34.12 -0.11 (-0.33%)

As of 06:21 PM Eastern

Annual Income Statements for Rexford Industrial Realty

This table shows Rexford Industrial Realty's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1.65	23	34	36	50	61	112	157	227	263
Consolidated Net Income / (Loss)	1.95	26	42	47	64	81	136	177	250	286
Net Income / (Loss) Continuing Operations	1.37	-171	-206	47	64	81	138	180	251	288
Total Pre-Tax Income	1.28	-190	-236	47	64	81	138	180	251	288
Total Operating Income	9.91	-190	-236	73	75	98	178	228	313	387
Total Gross Profit	94	0.00	0.00	212	267	330	345	481	613	726
Total Revenue	94	0.00	0.00	212	267	330	452	631	798	936
Operating Revenue	93	-	-	212	267	330	452	631	798	936
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	108	151	184	210
Operating Cost of Revenue	-	-	-	-	-	-	108	151	184	210
Total Operating Expenses	84	190	236	140	193	232	166	253	301	339
Selling, General & Admin Expense	15	-	-	25	30	37	49	64	75	82
Depreciation Expense	42	51	65	80	99	115	151	197	245	275
Other Special Charges / (Income)	0.00	0.00	-0.03	-17	-	-	-34	-8.49	-19	-18
Total Other Income / (Expense), net	-8.64	0.00	0.00	-26	-11	-17	-40	-48	-61	-99
Interest Expense	8.64	-	-	25	27	31	40	48	61	99
Other Adjustments to Consolidated Net Income / (Loss)	0.58	-	-	-	-	-	-0.51	-0.92	0.00	0.00
Preferred Stock Dividends Declared	0.00	1.98	5.88	9.69	11	15	16	9.26	9.26	9.26
Net Income / (Loss) Attributable to Noncontrolling Interest	0.30	1.05	1.40	1.24	2.47	5.00	8.57	10	13	14
Basic Earnings per Share	$0.03	$0.36	$0.48	$0.42	$0.47	$0.51	$0.80	$0.92	$1.12	$1.20
Weighted Average Basic Shares Outstanding	54.02M	62.72M	71.20M	86.82M	106.41M	120.87M	139.29M	170.47M	202.88M	218.28M
Diluted Earnings per Share	$0.03	$0.36	$0.48	$0.41	$0.47	$0.51	$0.80	$0.92	$1.12	$1.20
Weighted Average Diluted Shares Outstanding	54.02M	62.72M	71.20M	87.34M	106.80M	121.18M	140.08M	170.98M	203.11M	218.47M
Weighted Average Basic & Diluted Shares Outstanding	54.02M	62.72M	71.20M	86.82M	106.41M	131.43M	160.54M	196.73M	215.09M	227.96M
Cash Dividends to Common per Share	-	-	$0.58	$0.64	$0.74	$0.86	$0.96	$1.26	$1.52	$1.67

This table shows Rexford Industrial Realty's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	37	41	58	52	56	62	59	80	65	59	68
Consolidated Net Income / (Loss)	42	46	64	57	62	67	64	86	71	65	74
Net Income / (Loss) Continuing Operations	42	47	64	57	62	68	64	86	71	66	74
Total Pre-Tax Income	42	47	64	57	62	68	64	86	71	66	74
Total Operating Income	57	60	65	74	78	95	79	115	99	95	88
Total Gross Profit	123	137	186	151	157	118	214	186	187	139	252
Total Revenue	163	179	186	196	205	210	214	238	242	243	252
Operating Revenue	163	179	186	196	205	210	214	238	242	243	252
Total Cost of Revenue	40	42	0.00	44	48	92	0.00	52	55	103	0.00
Total Operating Expenses	66	76	121	77	79	23	135	71	88	45	164
Selling, General & Admin Expense	15	20	19	18	19	19	21	19	21	21	22
Depreciation Expense	51	57	59	59	60	66	66	68	69	72	87
Other Operating Expenses / (Income)	-	-	43	-	-	-	47	-	-	-	55
Total Other Income / (Expense), net	-15	-14	-1.57	-17	-16	-27	-15	-28	-27	-28	-14
Interest Expense	15	14	14	17	16	15	15	28	27	28	27
Other Income / (Expense), net	-	-	12	-	-	-	0.00	-	-	-	13
Preferred Stock Dividends Declared	2.31	2.32	2.31	2.32	2.31	2.32	2.31	2.32	2.31	2.32	2.31
Net Income / (Loss) Attributable to Noncontrolling Interest	2.57	2.67	3.38	3.04	3.14	3.33	3.32	3.95	3.35	3.18	3.39
Basic Earnings per Share	$0.21	$0.22	$0.30	$0.26	$0.27	$0.29	$0.27	$0.37	$0.30	$0.26	$0.30
Weighted Average Basic Shares Outstanding	171.91M	170.47M	195.37M	200.61M	205.28M	202.88M	214.40M	217.39M	218.76M	218.28M	227.40M
Diluted Earnings per Share	$0.21	$0.22	$0.30	$0.26	$0.27	$0.29	$0.27	$0.37	$0.30	$0.26	$0.30
Weighted Average Diluted Shares Outstanding	172.83M	170.98M	195.78M	200.67M	205.45M	203.11M	214.44M	217.39M	219.13M	218.47M	227.40M
Weighted Average Basic & Diluted Shares Outstanding	183.49M	196.73M	200.92M	206.44M	211.10M	215.09M	217.82M	219.49M	222.39M	227.96M	236.69M
Cash Dividends to Common per Share	$0.32	-	$0.38	$0.38	$0.38	-	$0.42	$0.42	$0.42	-	$0.43

This table details how cash moves in and out of Rexford Industrial Realty's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-3.41	10	-8.66	174	-102	99	-134	-7.21	-3.34	23
Net Cash From Operating Activities	41	56	77	103	140	183	231	328	428	479
Net Cash From Continuing Operating Activities	41	56	77	103	140	183	231	328	428	479
Net Income / (Loss) Continuing Operations	1.95	26	42	47	64	81	136	177	250	286
Consolidated Net Income / (Loss)	1.95	26	42	47	64	81	136	177	250	286
Depreciation Expense	42	51	65	80	99	115	151	197	245	275
Amortization Expense	0.65	0.55	-1.44	-4.64	-6.52	-9.00	-11	-28	-25	-18
Non-Cash Adjustments To Reconcile Net Income	0.89	-16	-26	-11	-10	-14	-31	-4.66	-19	-18
Changes in Operating Assets and Liabilities, net	-4.82	-5.26	-2.18	-8.88	-6.59	9.53	-14	-14	-23	-46
Net Cash From Investing Activities	-237	-361	-607	-507	-973	-988	-1,913	-2,449	-1,676	-1,836
Net Cash From Continuing Investing Activities	-237	-361	-607	-507	-973	-988	-1,913	-2,449	-1,676	-1,836
Purchase of Property, Plant & Equipment	-253	-400	-707	-58	-47	-79	-102	-135	-267	-373
Acquisitions	-	0.00	-2.48	-0.03	-15	-	-	-1.00	-2.13	2.13
Purchase of Investments	-	-	-	-494	-943	-929	-1,858	-2,328	-1,312	-1,506
Sale of Property, Plant & Equipment	0.00	39	96	45	32	24	57	15	27	41
Sale and/or Maturity of Investments	14	5.53	6.01	-	-	-	0.00	0.00	-123	0.00
Net Cash From Financing Activities	193	315	522	578	731	903	1,548	2,114	1,246	1,380
Net Cash From Continuing Financing Activities	193	315	522	578	731	903	1,548	2,114	1,246	1,380
Repayment of Debt	-228	-181	-445	-313	-35	-182	-1,100	-2,184	-361	-18
Repurchase of Common Equity	-0.14	-	-	-	-	-	-	0.00	0.00	-0.12
Payment of Dividends	-27	-36	-47	-65	-89	-120	-152	-223	-315	-380
Issuance of Debt	272	263	612	401	135	472	1,265	2,714	647	1,130
Issuance of Common Equity	176	183	331	557	639	734	1,626	1,809	1,276	650
Other Financing Activities, net	-0.19	-0.75	-1.57	-0.59	-0.85	-1.28	-1.43	-2.16	-1.91	-2.15
Cash Interest Paid	6.15	14	18	24	23	28	33	45	55	74

This table details how cash moves in and out of Rexford Industrial Realty's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	2.82	-0.36	233	-134	-53	-50	304	-211	-64	-5.87	499
Net Cash From Operating Activities	98	67	120	83	109	116	134	102	127	116	153
Net Cash From Continuing Operating Activities	98	67	120	83	109	116	134	102	127	116	153
Net Income / (Loss) Continuing Operations	42	46	64	57	62	67	64	86	71	65	74
Consolidated Net Income / (Loss)	42	46	64	57	62	67	64	86	71	65	74
Depreciation Expense	51	57	59	59	60	66	66	68	69	72	87
Amortization Expense	-6.08	-12	-7.24	-4.89	-5.90	-6.77	-6.15	-4.38	-3.74	-3.27	-6.42
Non-Cash Adjustments To Reconcile Net Income	0.62	2.23	-10	-0.56	-2.85	-4.80	0.17	-15	-2.66	-0.56	-9.74
Changes in Operating Assets and Liabilities, net	11	-26	14	-27	-4.62	-5.61	9.18	-33	-6.32	-17	7.92
Net Cash From Investing Activities	-1,006	-393	-766	-130	-377	-404	-1,154	-213	-173	-297	-29
Net Cash From Continuing Investing Activities	-1,006	-393	-766	-130	-377	-404	-1,154	-213	-173	-297	-29
Purchase of Property, Plant & Equipment	-35	-45	-44	-48	-75	-99	-80	-85	-120	-88	-79
Acquisitions	-	-	-3.63	-5.08	8.70	-2.13	-5.85	6.73	1.25	-	0.00
Purchase of Investments	-981	-355	-734	-77	-311	-190	-1,068	-169	-61	-208	0.00
Sale of Property, Plant & Equipment	-	-	16	-	-	11	0.00	34	6.86	-	50
Net Cash From Financing Activities	910	326	879	-87	215	238	1,324	-100	-19	175	375
Net Cash From Continuing Financing Activities	910	326	879	-87	215	238	1,324	-100	-19	175	375
Repayment of Debt	-1,129	-58	-353	-4.40	-0.37	-2.58	-7.62	-2.82	-0.91	-6.65	-0.24
Payment of Dividends	-59	-63	-65	-82	-82	-85	-87	-97	-97	-98	-101
Issuance of Debt	1,402	60	647	-	-	-	1,130	-	-	-	0.00
Issuance of Common Equity	697	388	653	-	298	325	290	-	80	280	478
Other Financing Activities, net	-0.11	-0.02	-1.75	-0.04	-0.10	-0.02	-1.99	-0.05	-0.09	-0.02	-1.64
Cash Interest Paid	15	11	13	14	13	15	11	15	33	15	35

This table presents Rexford Industrial Realty's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,153	1,515	2,111	2,788	3,639	4,951	6,781	9,259	10,930	12,648
Total Current Assets	8.24	18	10	186	85	195	62	52	51	72
Cash & Equivalents	5.20	16	6.62	181	79	176	44	37	33	56
Accounts Receivable	3.04	2.75	3.66	4.94	5.89	10	11	15	17	16
Plant, Property, & Equipment, net	1,068	1,399	1,954	2,463	3,402	4,547	6,386	8,745	10,134	11,645
Plant, Property & Equipment, gross	1,172	1,534	2,127	2,692	3,698	4,923	6,860	9,359	10,916	12,623
Accumulated Depreciation	104	135	174	229	297	375	473	614	782	977
Total Noncurrent Assets	77	98	147	139	152	209	333	462	745	931
Noncurrent Note & Lease Receivables	0.00	5.93	-	-	-	-	-	0.00	123	123
Intangible Assets	36	42	54	61	78	97	137	175	159	207
Other Noncurrent Operating Assets	37	50	93	78	74	111	195	287	463	601
Total Liabilities & Shareholders' Equity	1,153	1,515	2,111	2,788	3,639	4,951	6,781	9,259	10,930	12,648
Total Liabilities	460	553	746	879	1,016	1,421	1,713	2,336	2,786	3,922
Total Current Liabilities	20	23	33	37	53	75	106	160	213	248
Accounts Payable	13	14	21	21	31	45	66	97	129	150
Dividends Payable	7.81	9.28	12	16	22	30	40	62	84	98
Total Noncurrent Liabilities	439	530	713	842	963	1,345	1,607	2,176	2,573	3,675
Long-Term Debt	418	500	669	757	858	1,216	1,400	1,936	2,226	3,346
Capital Lease Obligations	3.39	9.13	18	53	59	67	127	147	148	147
Noncurrent Deferred Revenue	-	-	-	-	8.99	-	-	21	115	91
Other Noncurrent Operating Liabilities	18	21	26	32	37	62	81	72	85	91
Total Equity & Noncontrolling Interests	694	962	1,365	1,908	2,622	3,531	5,068	6,923	8,144	8,726
Total Preferred & Common Equity	672	939	1,340	1,876	2,556	3,245	4,785	6,557	7,767	8,324
Preferred Stock	0.00	87	160	159	242	242	156	156	156	156
Total Common Equity	672	853	1,180	1,717	2,314	3,003	4,629	6,401	7,611	8,168
Common Stock	723	908	1,241	1,799	2,440	3,184	4,830	6,649	7,943	8,604
Accumulated Other Comprehensive Income / (Loss)	-3.03	3.45	6.80	6.26	-7.54	-18	-9.87	8.25	7.17	6.75
Other Equity Adjustments	-48	-59	-67	-88	-119	-163	-191	-256	-339	-442
Noncontrolling Interest	22	23	25	32	66	285	283	366	377	402

This table presents Rexford Industrial Realty's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	8,899	10,239	10,225	10,577	12,381	12,368	12,420	13,086
Total Current Assets	132	267	150	102	355	143	79	541
Cash & Equivalents	37	254	136	83	337	126	62	505
Accounts Receivable	94	14	14	19	18	18	17	18
Other Current Nonoperating Assets	-	-	-	-	-	-	-	18
Plant, Property, & Equipment, net	8,489	9,507	9,585	9,896	11,174	11,286	11,376	11,532
Plant, Property & Equipment, gross	18,131	10,159	10,280	10,636	12,002	12,160	12,301	12,553
Accumulated Depreciation	576	653	695	739	828	874	925	1,021
Total Noncurrent Assets	278	465	490	579	852	939	965	1,013
Noncurrent Note & Lease Receivables	-	-	-	-	123	123	123	123
Intangible Assets	181	166	153	159	229	225	211	188
Other Noncurrent Operating Assets	97	298	337	420	500	591	632	702
Total Liabilities & Shareholders' Equity	8,899	10,239	10,225	10,577	12,381	12,368	12,420	13,086
Total Liabilities	2,352	2,681	2,671	2,734	3,966	3,953	3,955	3,911
Total Current Liabilities	174	190	189	237	243	249	264	247
Accounts Payable	114	110	110	155	149	154	169	142
Dividends Payable	60	79	79	81	94	95	95	105
Total Noncurrent Liabilities	2,179	2,491	2,481	2,498	3,723	3,704	3,691	3,664
Long-Term Debt	1,934	2,231	2,227	2,228	3,349	3,349	3,350	3,348
Capital Lease Obligations	155	138	131	156	172	163	155	137
Noncurrent Deferred Revenue	-	-	-	-	111	101	93	89
Other Noncurrent Operating Liabilities	90	122	124	114	91	91	92	90
Other Noncurrent Nonoperating Liabilities	0.00	-	-	-	-	-	-	0.23
Total Equity & Noncontrolling Interests	6,546	7,558	7,555	7,843	8,415	8,415	8,465	9,175
Total Preferred & Common Equity	6,184	7,187	7,187	7,472	8,034	8,026	8,071	8,803
Preferred Stock	156	156	156	156	156	156	156	156
Total Common Equity	6,027	7,031	7,032	7,316	7,879	7,870	7,915	8,647
Common Stock	6,255	7,302	7,313	7,615	8,235	8,238	8,321	9,118
Accumulated Other Comprehensive Income / (Loss)	9.22	3.12	17	21	14	14	1.47	3.58
Other Equity Adjustments	-237	-274	-298	-320	-371	-382	-408	-475
Noncontrolling Interest	362	372	368	371	381	390	394	372

This table displays calculated financial ratios and metrics derived from Rexford Industrial Realty's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	41.03%	-100.00%	0.00%	0.00%	25.75%	23.55%	36.99%	39.57%	26.40%	17.37%
EBITDA Growth	51.84%	-363.10%	-24.99%	185.84%	23.91%	19.03%	45.90%	24.81%	34.07%	21.02%
EBIT Growth	88.46%	-2,015.05%	-24.18%	130.76%	25.36%	23.08%	59.31%	28.03%	37.12%	23.64%
NOPAT Growth	169.23%	-1,440.54%	-24.18%	144.13%	2.43%	31.71%	81.40%	28.03%	37.12%	23.64%
Net Income Growth	99.80%	0.00%	0.00%	0.00%	35.96%	26.40%	68.42%	30.03%	40.89%	14.56%
EPS Growth	50.00%	0.00%	0.00%	0.00%	14.63%	8.51%	56.86%	15.00%	21.74%	7.14%
Operating Cash Flow Growth	65.31%	39.31%	35.83%	34.08%	35.75%	31.17%	26.49%	41.58%	30.47%	12.01%
Free Cash Flow Firm Growth	0.00%	-135.06%	-56.40%	44.09%	-101.67%	-26.26%	-61.98%	-27.16%	44.95%	-6.90%
Invested Capital Growth	24.05%	31.55%	40.43%	24.12%	36.36%	33.78%	41.31%	37.20%	17.00%	16.03%
Revenue Q/Q Growth	7.20%	-100.00%	-100.00%	1,490.12%	-12.42%	4.51%	10.80%	7.84%	4.16%	3.59%
EBITDA Q/Q Growth	8.76%	-304.51%	-63.55%	147.24%	8.07%	-0.65%	16.82%	4.59%	10.18%	1.42%
EBIT Q/Q Growth	22.75%	-1,120.33%	-42.87%	123.15%	-46.41%	-4.13%	26.91%	4.21%	12.50%	-0.12%
NOPAT Q/Q Growth	22.75%	-814.23%	-42.87%	133.22%	-56.02%	-2.04%	26.91%	4.21%	12.50%	-0.12%
Net Income Q/Q Growth	87.68%	0.00%	0.00%	0.00%	0.00%	-7.15%	18.45%	3.70%	9.48%	-0.84%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-12.07%	17.65%	-1.08%	6.67%	-2.44%
Operating Cash Flow Q/Q Growth	6.14%	6.56%	8.64%	0.00%	0.00%	2.51%	7.02%	4.87%	13.01%	0.06%
Free Cash Flow Firm Q/Q Growth	0.00%	-37.57%	-16.16%	39.78%	-134.08%	70.31%	14.44%	8.82%	5.13%	6.12%
Invested Capital Q/Q Growth	7.61%	4.24%	5.94%	5.26%	3,753.40%	21.90%	9.66%	4.32%	3.35%	2.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	0.00%	0.00%	100.00%	100.00%	100.00%	76.18%	76.16%	76.88%	77.55%
EBITDA Margin	55.80%	0.00%	0.00%	69.60%	68.58%	66.07%	70.37%	62.92%	66.75%	68.82%
Operating Margin	10.55%	0.00%	0.00%	34.26%	27.91%	29.75%	39.40%	36.14%	39.21%	41.30%
EBIT Margin	10.55%	0.00%	0.00%	34.11%	34.01%	33.88%	39.40%	36.14%	39.21%	41.30%
Profit (Net Income) Margin	2.08%	0.00%	0.00%	22.15%	23.95%	24.50%	30.13%	28.07%	31.28%	30.53%
Tax Burden Percent	152.82%	0.00%	0.00%	100.00%	100.00%	100.00%	98.69%	98.62%	99.28%	99.22%
Interest Burden Percent	12.87%	100.00%	100.00%	64.94%	70.43%	72.33%	77.47%	78.74%	80.37%	74.51%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.99%	0.00%	0.00%	3.16%	2.47%	2.41%	3.17%	2.92%	3.19%	3.39%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.08%	0.00%	0.00%	-0.69%	1.07%	0.67%	0.00%	0.11%	0.40%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-0.67%	0.00%	0.00%	-0.28%	0.35%	0.22%	0.00%	0.03%	0.12%	0.00%
Return on Equity (ROE)	0.31%	0.00%	0.00%	2.88%	2.83%	2.63%	3.17%	2.95%	3.31%	3.39%
Cash Return on Invested Capital (CROIC)	-20.48%	-37.55%	-43.00%	-18.36%	-28.29%	-26.49%	-31.07%	-28.44%	-12.47%	-11.45%
Operating Return on Assets (OROA)	0.95%	0.00%	0.00%	2.96%	2.83%	2.60%	3.04%	2.84%	3.10%	3.28%
Return on Assets (ROA)	0.19%	0.00%	0.00%	1.92%	1.99%	1.88%	2.32%	2.21%	2.47%	2.43%
Return on Common Equity (ROCE)	0.30%	0.00%	0.00%	2.55%	2.51%	2.27%	2.81%	2.72%	3.08%	3.17%
Return on Equity Simple (ROE_SIMPLE)	0.29%	2.75%	3.11%	2.51%	2.50%	2.49%	2.85%	2.70%	3.21%	3.43%
Net Operating Profit after Tax (NOPAT)	9.91	-133	-165	73	75	98	178	228	313	387
NOPAT Margin	10.55%	0.00%	0.00%	34.26%	27.91%	29.75%	39.40%	36.14%	39.21%	41.30%
Net Nonoperating Expense Percent (NNEP)	2.06%	-28.78%	-27.60%	3.85%	1.41%	1.74%	3.17%	2.81%	2.79%	3.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	2.53%	2.97%	3.17%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	23.82%	23.84%	23.12%	22.45%
SG&A Expenses to Revenue	15.99%	0.00%	0.00%	11.86%	11.40%	11.18%	10.83%	10.18%	9.40%	8.77%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	89.45%	0.00%	0.00%	65.74%	72.09%	70.25%	36.78%	40.01%	37.67%	36.24%
Earnings before Interest and Taxes (EBIT)	9.91	-190	-236	72	91	112	178	228	313	387
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	52	-138	-172	148	183	218	318	397	533	644
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.12	1.52	1.67	1.41	1.97	1.86	2.48	1.47	1.50	1.05
Price to Tangible Book Value (P/TBV)	1.18	1.60	1.75	1.46	2.04	1.92	2.56	1.51	1.53	1.08
Price to Revenue (P/Rev)	8.00	0.00	0.00	11.39	17.09	16.93	25.38	14.88	14.30	9.18
Price to Earnings (P/E)	454.97	0.00	0.00	66.98	90.46	91.11	102.72	59.62	50.17	32.71
Dividend Yield	3.77%	2.75%	2.30%	2.45%	1.80%	1.90%	1.27%	2.46%	2.81%	4.32%
Earnings Yield	0.22%	0.00%	0.00%	1.49%	1.11%	1.10%	0.97%	1.68%	1.99%	3.06%
Enterprise Value to Invested Capital (EV/IC)	1.06	1.30	1.38	1.27	1.64	1.55	2.04	1.32	1.35	1.03
Enterprise Value to Revenue (EV/Rev)	12.62	0.00	0.00	15.26	21.38	21.88	29.63	18.95	17.90	13.45
Enterprise Value to EBITDA (EV/EBITDA)	22.62	0.00	0.00	21.92	31.18	33.12	42.11	30.11	26.82	19.54
Enterprise Value to EBIT (EV/EBIT)	119.57	0.00	0.00	44.72	62.87	64.59	75.21	52.42	45.66	32.56
Enterprise Value to NOPAT (EV/NOPAT)	119.57	0.00	0.00	44.52	76.60	73.55	75.21	52.42	45.66	32.56
Enterprise Value to Operating Cash Flow (EV/OCF)	29.25	33.70	36.97	31.54	40.95	39.48	57.90	36.49	33.41	26.29
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.61	0.53	0.50	0.42	0.35	0.36	0.30	0.30	0.29	0.40
Long-Term Debt to Equity	0.61	0.53	0.50	0.42	0.35	0.36	0.30	0.30	0.29	0.40
Financial Leverage	0.62	0.56	0.51	0.41	0.33	0.32	0.31	0.30	0.30	0.35
Leverage Ratio	1.68	1.61	1.56	1.50	1.42	1.40	1.36	1.34	1.34	1.40
Compound Leverage Factor	0.22	1.61	1.56	0.97	1.00	1.01	1.06	1.05	1.08	1.04
Debt to Total Capital	37.80%	34.61%	33.48%	29.80%	25.91%	26.66%	23.15%	23.13%	22.57%	28.59%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	37.80%	34.61%	33.48%	29.80%	25.91%	26.66%	23.15%	23.13%	22.57%	28.59%
Preferred Equity to Total Capital	0.00%	5.89%	7.78%	5.85%	6.85%	5.03%	2.36%	1.73%	1.48%	1.27%
Noncontrolling Interests to Total Capital	1.94%	1.55%	1.23%	1.19%	1.87%	5.93%	4.29%	4.07%	3.58%	3.29%
Common Equity to Total Capital	60.27%	57.95%	57.51%	63.16%	65.37%	62.38%	70.20%	71.07%	72.37%	66.85%
Debt to EBITDA	8.05	-3.69	-3.99	5.48	5.01	5.88	4.80	5.25	4.46	5.42
Net Debt to EBITDA	7.87	-3.58	-3.95	4.26	4.57	5.08	4.66	5.15	4.39	5.33
Long-Term Debt to EBITDA	8.05	-3.69	-3.99	5.48	5.01	5.88	4.80	5.25	4.46	5.42
Debt to NOPAT	42.53	-3.83	-4.16	11.13	12.30	13.07	8.57	9.13	7.59	9.03
Net Debt to NOPAT	41.60	-3.72	-4.12	8.65	11.24	11.27	8.32	8.97	7.48	8.89
Long-Term Debt to NOPAT	42.53	-3.83	-4.16	11.13	12.30	13.07	8.57	9.13	7.59	9.03
Altman Z-Score	1.08	0.99	1.20	1.88	2.86	2.53	4.17	2.55	2.61	1.47
Noncontrolling Interest Sharing Ratio	3.85%	7.92%	12.65%	11.50%	11.04%	13.59%	11.24%	8.01%	7.00%	6.46%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.40	0.80	0.31	5.01	1.61	2.60	0.59	0.33	0.24	0.29
Quick Ratio	0.40	0.80	0.31	5.01	1.61	2.48	0.52	0.33	0.24	0.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-206	-484	-757	-423	-854	-1,078	-1,746	-2,221	-1,223	-1,307
Operating Cash Flow to CapEx	16.03%	15.63%	12.55%	791.43%	940.50%	334.12%	504.18%	273.58%	178.49%	144.21%
Free Cash Flow to Firm to Interest Expense	-23.86	0.00	0.00	-16.66	-31.78	-34.83	-43.51	-45.79	-19.91	-13.25
Operating Cash Flow to Interest Expense	4.69	0.00	0.00	4.04	5.19	5.91	5.77	6.76	6.96	4.86
Operating Cash Flow Less CapEx to Interest Expense	-24.58	0.00	0.00	3.53	4.64	4.14	4.62	4.29	3.06	1.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.00	0.00	0.09	0.08	0.08	0.08	0.08	0.08	0.08
Accounts Receivable Turnover	38.71	0.00	0.00	49.37	49.33	41.02	42.59	48.08	48.77	56.30
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.10	0.00	0.00	0.10	0.09	0.08	0.08	0.08	0.08	0.09
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	1.94	1.84	1.63	1.51
Days Sales Outstanding (DSO)	9.43	0.00	0.00	7.39	7.40	8.90	8.57	7.59	7.48	6.48
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	188.42	198.05	223.91	241.77
Cash Conversion Cycle (CCC)	9.43	0.00	0.00	7.39	7.40	8.90	-179.85	-190.46	-216.43	-235.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,114	1,465	2,058	2,554	3,482	4,659	6,583	9,032	10,568	12,261
Invested Capital Turnover	0.09	0.00	0.00	0.09	0.09	0.08	0.08	0.08	0.08	0.08
Increase / (Decrease) in Invested Capital	216	351	592	496	929	1,176	1,925	2,449	1,535	1,694
Enterprise Value (EV)	1,185	1,902	2,834	3,242	5,713	7,224	13,401	11,958	14,283	12,593
Market Capitalization	751	1,298	1,968	2,421	4,566	5,590	11,480	9,389	11,411	8,598
Book Value per Share	$12.09	$12.91	$15.15	$18.50	$20.86	$24.26	$30.56	$34.89	$36.06	$36.73
Tangible Book Value per Share	$11.45	$12.28	$14.45	$17.85	$20.16	$23.47	$29.65	$33.93	$35.30	$35.80
Total Capital	1,115	1,471	2,052	2,719	3,540	4,814	6,594	9,007	10,517	12,219
Total Debt	422	509	687	810	917	1,283	1,527	2,084	2,373	3,493
Total Long-Term Debt	422	509	687	810	917	1,283	1,527	2,084	2,373	3,493
Net Debt	412	494	680	629	838	1,107	1,483	2,047	2,340	3,437
Capital Expenditures (CapEx)	253	361	611	13	15	55	46	120	240	332
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-17	-20	-29	-32	-47	-56	-88	-144	-195	-232
Debt-free Net Working Capital (DFNWC)	-12	-4.59	-23	149	32	120	-44	-108	-162	-176
Net Working Capital (NWC)	-12	-4.59	-23	149	32	120	-44	-108	-162	-176
Net Nonoperating Expense (NNE)	7.96	-133	-165	26	11	17	42	51	63	101
Net Nonoperating Obligations (NNO)	420	503	692	645	860	1,128	1,516	2,109	2,424	3,535
Total Depreciation and Amortization (D&A)	42	52	63	75	92	106	140	169	220	258
Debt-free, Cash-free Net Working Capital to Revenue	-18.53%	0.00%	0.00%	-15.09%	-17.53%	-16.99%	-19.40%	-22.86%	-24.45%	-24.75%
Debt-free Net Working Capital to Revenue	-12.99%	0.00%	0.00%	69.90%	11.98%	36.41%	-9.67%	-17.03%	-20.26%	-18.77%
Net Working Capital to Revenue	-12.99%	0.00%	0.00%	69.90%	11.98%	36.41%	-9.67%	-17.03%	-20.26%	-18.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	$0.36	$0.48	$0.00	$0.00	$0.51	$0.80	$0.92	$1.12	$1.20
Adjusted Weighted Average Basic Shares Outstanding	55.59M	62.72M	71.20M	86.82M	106.41M	120.87M	139.29M	170.47M	202.88M	218.28M
Adjusted Diluted Earnings per Share	$0.03	$0.36	$0.48	$0.00	$0.00	$0.51	$0.80	$0.92	$1.12	$1.20
Adjusted Weighted Average Diluted Shares Outstanding	55.59M	62.97M	71.60M	86.82M	106.41M	121.18M	140.08M	170.98M	203.11M	218.47M
Adjusted Basic & Diluted Earnings per Share	$0.03	$0.36	$0.48	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.02M	66.62M	78.49M	86.82M	106.41M	131.43M	160.54M	196.73M	215.09M	227.96M
Normalized Net Operating Profit after Tax (NOPAT)	8.43	-133	-165	39	52	69	101	154	206	258
Normalized NOPAT Margin	8.98%	0.00%	0.00%	18.31%	19.54%	20.83%	22.33%	24.36%	25.78%	27.57%
Pre Tax Income Margin	1.36%	0.00%	0.00%	22.15%	23.95%	24.50%	30.53%	28.46%	31.51%	30.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.15	0.00	0.00	2.85	3.38	3.61	4.44	4.70	5.09	3.92
NOPAT to Interest Expense	1.15	0.00	0.00	2.86	2.78	3.17	4.44	4.70	5.09	3.92
EBIT Less CapEx to Interest Expense	-28.13	0.00	0.00	2.34	2.83	1.84	3.30	2.23	1.19	0.55
NOPAT Less CapEx to Interest Expense	-28.13	0.00	0.00	2.35	2.22	1.40	3.30	2.23	1.19	0.55
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1,391.64%	0.00%	0.00%	139.07%	139.83%	147.98%	111.27%	125.80%	126.07%	132.75%
Augmented Payout Ratio	1,398.62%	0.00%	0.00%	139.07%	139.83%	147.98%	111.27%	125.80%	126.07%	132.79%

This table displays calculated financial ratios and metrics derived from Rexford Industrial Realty's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	41.02%	34.57%	32.32%	31.28%	26.21%	17.83%	14.96%	21.36%	17.74%	15.43%	17.84%
EBITDA Growth	16.30%	19.91%	33.79%	37.30%	30.10%	46.90%	7.43%	38.94%	23.50%	5.86%	30.62%
EBIT Growth	11.57%	18.08%	31.81%	42.41%	37.26%	57.70%	2.17%	54.22%	25.88%	-0.49%	28.36%
NOPAT Growth	11.57%	18.08%	11.12%	42.41%	37.26%	57.70%	21.20%	54.22%	25.88%	-0.49%	11.69%
Net Income Growth	3.64%	16.07%	30.00%	39.14%	48.36%	47.28%	1.11%	51.15%	14.46%	-3.58%	15.20%
EPS Growth	-8.70%	-4.35%	11.11%	18.18%	28.57%	31.82%	-10.00%	42.31%	11.11%	-10.34%	11.11%
Operating Cash Flow Growth	25.26%	29.57%	30.48%	16.64%	11.05%	73.76%	11.92%	22.22%	16.87%	0.23%	14.05%
Free Cash Flow Firm Growth	-21.91%	-27.49%	-22.60%	17.54%	42.70%	39.70%	29.37%	8.19%	-12.92%	-11.02%	75.27%
Invested Capital Growth	44.21%	37.20%	38.29%	28.26%	18.09%	17.00%	19.90%	20.70%	17.40%	16.03%	4.69%
Revenue Q/Q Growth	9.14%	9.73%	4.28%	5.12%	4.92%	2.45%	1.74%	10.97%	1.80%	0.44%	3.87%
EBITDA Q/Q Growth	9.27%	2.71%	23.45%	-0.90%	3.54%	15.97%	-9.72%	28.17%	-7.96%	-0.59%	11.39%
EBIT Q/Q Growth	9.18%	5.60%	28.29%	-3.72%	5.23%	21.33%	-16.89%	45.33%	-14.10%	-4.09%	7.21%
NOPAT Q/Q Growth	9.18%	5.60%	8.15%	14.21%	5.23%	21.33%	-16.89%	45.33%	-14.10%	-4.09%	-6.71%
Net Income Q/Q Growth	1.83%	9.75%	39.08%	-10.48%	8.57%	8.95%	-4.52%	33.82%	-17.78%	-8.22%	14.08%
EPS Q/Q Growth	-4.55%	4.76%	36.36%	-13.33%	3.85%	7.41%	-6.90%	37.04%	-18.92%	-13.33%	15.38%
Operating Cash Flow Q/Q Growth	37.47%	-31.91%	79.03%	-30.39%	30.88%	6.54%	15.32%	-23.99%	25.16%	-8.63%	31.22%
Free Cash Flow Firm Q/Q Growth	-2.11%	8.04%	-10.33%	20.41%	29.04%	3.23%	-29.24%	-3.44%	12.72%	4.85%	71.21%
Invested Capital Q/Q Growth	12.68%	4.32%	7.98%	1.05%	3.75%	3.35%	10.65%	1.73%	0.91%	2.14%	-0.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	75.66%	76.45%	100.00%	77.37%	76.59%	56.24%	100.00%	78.15%	77.31%	57.39%	100.00%
EBITDA Margin	62.74%	58.72%	69.51%	65.53%	64.67%	73.21%	64.96%	75.03%	67.84%	67.14%	72.01%
Operating Margin	35.05%	33.73%	34.98%	38.00%	38.12%	45.14%	36.88%	48.29%	40.75%	38.92%	34.95%
EBIT Margin	35.05%	33.73%	41.49%	38.00%	38.12%	45.14%	36.88%	48.29%	40.75%	38.92%	40.17%
Profit (Net Income) Margin	25.59%	25.59%	34.13%	29.07%	30.08%	31.99%	30.02%	36.21%	29.24%	26.72%	29.35%
Tax Burden Percent	99.02%	98.17%	100.00%	99.47%	99.12%	98.59%	100.00%	99.65%	99.31%	97.83%	100.00%
Interest Burden Percent	73.74%	77.30%	82.27%	76.91%	79.63%	71.89%	81.42%	75.24%	72.26%	70.20%	73.07%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	2.80%	2.73%	2.82%	3.13%	3.09%	3.67%	2.84%	3.85%	3.31%	3.19%	2.85%
ROIC Less NNEP Spread (ROIC-NNEP)	1.94%	1.93%	2.74%	2.29%	2.36%	2.45%	2.30%	2.86%	2.37%	2.20%	2.40%
Return on Net Nonoperating Assets (RNNOA)	0.63%	0.58%	0.82%	0.71%	0.74%	0.74%	0.79%	1.03%	0.86%	0.78%	0.87%
Return on Equity (ROE)	3.43%	3.31%	3.63%	3.84%	3.83%	4.41%	3.63%	4.89%	4.18%	3.97%	3.71%
Cash Return on Invested Capital (CROIC)	-33.22%	-28.44%	-29.35%	-21.84%	-13.65%	-12.47%	-15.05%	-15.39%	-12.52%	-11.45%	-1.27%
Operating Return on Assets (OROA)	2.71%	2.65%	3.21%	3.04%	3.00%	3.57%	2.69%	3.71%	3.20%	3.09%	3.07%
Return on Assets (ROA)	1.98%	2.01%	2.64%	2.32%	2.37%	2.53%	2.19%	2.78%	2.30%	2.12%	2.25%
Return on Common Equity (ROCE)	3.13%	3.04%	3.36%	3.54%	3.55%	4.10%	3.39%	4.56%	3.90%	3.71%	3.49%
Return on Equity Simple (ROE_SIMPLE)	2.76%	0.00%	2.67%	2.89%	3.05%	0.00%	3.12%	3.48%	3.57%	0.00%	3.36%
Net Operating Profit after Tax (NOPAT)	57	60	65	74	78	95	79	115	99	95	88
NOPAT Margin	35.05%	33.73%	34.98%	38.00%	38.12%	45.14%	36.88%	48.29%	40.75%	38.92%	34.95%
Net Nonoperating Expense Percent (NNEP)	0.86%	0.80%	0.08%	0.85%	0.73%	1.22%	0.54%	0.99%	0.94%	0.99%	0.45%
Return On Investment Capital (ROIC_SIMPLE)	-	0.67%	-	-	-	0.90%	-	-	-	0.77%	0.70%
Cost of Revenue to Revenue	24.34%	23.55%	0.00%	22.63%	23.41%	43.76%	0.00%	21.85%	22.69%	42.61%	0.00%
SG&A Expenses to Revenue	9.19%	11.05%	10.12%	9.33%	9.04%	9.19%	9.99%	8.13%	8.65%	8.45%	8.76%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.61%	42.72%	65.02%	39.36%	38.47%	11.10%	63.13%	29.86%	36.56%	18.48%	65.05%
Earnings before Interest and Taxes (EBIT)	57	60	77	74	78	95	79	115	99	95	101
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	102	105	129	128	133	154	139	178	164	163	182
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.40	1.47	1.60	1.44	1.35	1.50	1.34	1.23	1.40	1.05	1.03
Price to Tangible Book Value (P/TBV)	1.44	1.51	1.64	1.48	1.38	1.53	1.38	1.27	1.43	1.08	1.06
Price to Revenue (P/Rev)	14.42	14.88	16.66	14.04	12.87	14.30	12.74	11.20	12.22	9.18	9.16
Price to Earnings (P/E)	55.71	59.62	65.77	54.34	47.74	50.17	46.09	37.88	41.65	32.71	32.74
Dividend Yield	2.40%	2.46%	2.31%	2.75%	3.05%	2.81%	3.13%	3.58%	3.24%	4.32%	4.30%
Earnings Yield	1.80%	1.68%	1.52%	1.84%	2.09%	1.99%	2.17%	2.64%	2.40%	3.06%	3.05%
Enterprise Value to Invested Capital (EV/IC)	1.27	1.32	1.43	1.31	1.24	1.35	1.22	1.15	1.25	1.03	1.02
Enterprise Value to Revenue (EV/Rev)	18.81	18.95	20.57	17.84	16.56	17.90	17.25	15.73	16.63	13.45	12.76
Enterprise Value to EBITDA (EV/EBITDA)	28.99	30.11	33.32	28.51	26.24	26.82	25.69	22.58	23.66	19.54	18.45
Enterprise Value to EBIT (EV/EBIT)	50.30	52.42	59.32	50.24	45.62	45.66	43.60	37.18	38.83	32.56	31.40
Enterprise Value to NOPAT (EV/NOPAT)	50.30	52.42	59.32	50.24	45.62	45.66	43.60	37.18	38.83	32.56	31.40
Enterprise Value to Operating Cash Flow (EV/OCF)	35.24	36.49	39.14	35.11	33.53	33.41	32.23	29.64	31.41	26.29	24.98
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.32	0.30	0.31	0.31	0.30	0.29	0.42	0.42	0.41	0.40	0.38
Long-Term Debt to Equity	0.32	0.30	0.31	0.31	0.30	0.29	0.42	0.42	0.41	0.40	0.38
Financial Leverage	0.32	0.30	0.30	0.31	0.31	0.30	0.34	0.36	0.36	0.35	0.36
Leverage Ratio	1.37	1.34	1.35	1.35	1.35	1.34	1.42	1.41	1.41	1.40	1.45
Compound Leverage Factor	1.01	1.03	1.11	1.04	1.08	0.96	1.15	1.06	1.02	0.98	1.06
Debt to Total Capital	24.19%	23.13%	23.86%	23.78%	23.30%	22.57%	29.50%	29.44%	29.28%	28.59%	27.53%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	24.19%	23.13%	23.86%	23.78%	23.30%	22.57%	29.50%	29.44%	29.28%	28.59%	27.53%
Preferred Equity to Total Capital	1.80%	1.73%	1.57%	1.57%	1.52%	1.48%	1.30%	1.31%	1.30%	1.27%	1.23%
Noncontrolling Interests to Total Capital	4.19%	4.07%	3.74%	3.71%	3.63%	3.58%	3.19%	3.27%	3.29%	3.29%	2.94%
Common Equity to Total Capital	69.79%	71.07%	70.83%	70.94%	71.54%	72.37%	66.01%	65.98%	66.12%	66.85%	68.31%
Debt to EBITDA	5.50	5.25	5.67	5.21	4.93	4.46	6.35	5.81	5.52	5.42	5.17
Net Debt to EBITDA	5.40	5.15	5.06	4.91	4.76	4.39	5.74	5.60	5.42	5.33	4.42
Long-Term Debt to EBITDA	5.50	5.25	5.67	5.21	4.93	4.46	6.35	5.81	5.52	5.42	5.17
Debt to NOPAT	9.54	9.13	10.10	9.18	8.57	7.59	10.78	9.57	9.05	9.03	8.80
Net Debt to NOPAT	9.37	8.97	9.02	8.65	8.27	7.48	9.75	9.23	8.89	8.89	7.53
Long-Term Debt to NOPAT	9.54	9.13	10.10	9.18	8.57	7.59	10.78	9.57	9.05	9.03	8.80
Altman Z-Score	2.23	2.49	2.62	2.37	2.24	2.54	1.69	1.56	1.76	1.40	1.50
Noncontrolling Interest Sharing Ratio	8.69%	8.01%	7.59%	7.73%	7.27%	7.00%	6.66%	6.69%	6.60%	6.46%	6.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.76	0.33	1.41	0.79	0.43	0.24	1.46	0.58	0.30	0.29	2.19
Quick Ratio	0.76	0.33	1.41	0.79	0.43	0.24	1.46	0.58	0.30	0.29	2.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,597	-2,389	-2,635	-2,097	-1,488	-1,440	-1,861	-1,926	-1,681	-1,599	-460
Operating Cash Flow to CapEx	279.76%	148.88%	426.87%	173.84%	144.86%	131.01%	167.40%	200.54%	112.47%	131.55%	525.26%
Free Cash Flow to Firm to Interest Expense	-173.45	-174.74	-192.35	-122.08	-93.32	-98.86	-126.88	-67.77	-61.47	-56.76	-16.87
Operating Cash Flow to Interest Expense	6.55	4.88	8.72	4.84	6.83	7.96	9.12	3.58	4.65	4.13	5.59
Operating Cash Flow Less CapEx to Interest Expense	4.21	1.60	6.68	2.06	2.11	1.88	3.67	1.79	0.52	0.99	4.53
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.08	0.08	0.08	0.08	0.08	0.08	0.07	0.08	0.08	0.08	0.08
Accounts Receivable Turnover	11.22	48.08	54.19	59.03	13.51	48.77	52.03	54.54	49.82	56.30	54.88
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.08	0.08	0.08	0.09	0.08	0.08	0.08	0.08	0.09	0.09	0.09
Accounts Payable Turnover	2.25	1.84	1.20	1.31	1.00	1.63	1.42	1.46	1.23	1.51	1.45
Days Sales Outstanding (DSO)	32.53	7.59	6.74	6.18	27.03	7.48	7.02	6.69	7.33	6.48	6.65
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	161.87	198.05	305.12	277.60	364.96	223.91	256.41	250.72	297.52	241.77	252.51
Cash Conversion Cycle (CCC)	-129.35	-190.46	-298.39	-271.41	-337.94	-216.43	-249.40	-244.03	-290.20	-235.29	-245.86
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,658	9,032	9,753	9,856	10,225	10,568	11,693	11,896	12,004	12,261	12,242
Invested Capital Turnover	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
Increase / (Decrease) in Invested Capital	2,654	2,449	2,701	2,172	1,567	1,535	1,940	2,040	1,779	1,694	549
Enterprise Value (EV)	11,011	11,958	13,919	12,902	12,684	14,283	14,239	13,644	15,036	12,593	12,432
Market Capitalization	8,441	9,389	11,277	10,157	9,857	11,411	10,518	9,713	11,043	8,598	8,925
Book Value per Share	$35.23	$34.89	$35.74	$35.00	$35.44	$36.06	$36.75	$36.13	$36.06	$36.73	$37.93
Tangible Book Value per Share	$34.17	$33.93	$34.89	$34.24	$34.67	$35.30	$35.68	$35.10	$35.10	$35.80	$37.11
Total Capital	8,635	9,007	9,927	9,912	10,227	10,517	11,936	11,927	11,970	12,219	12,659
Total Debt	2,089	2,084	2,369	2,358	2,383	2,373	3,521	3,512	3,506	3,493	3,485
Total Long-Term Debt	2,089	2,084	2,369	2,358	2,383	2,373	3,521	3,512	3,506	3,493	3,485
Net Debt	2,052	2,047	2,115	2,221	2,300	2,340	3,184	3,386	3,444	3,437	2,980
Capital Expenditures (CapEx)	35	45	28	48	75	89	80	51	113	88	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-79	-144	-176	-175	-218	-195	-225	-231	-247	-232	-211
Debt-free Net Working Capital (DFNWC)	-42	-108	78	-39	-134	-162	112	-105	-185	-176	293
Net Working Capital (NWC)	-42	-108	78	-39	-134	-162	112	-105	-185	-176	293
Net Nonoperating Expense (NNE)	15	15	1.57	17	17	28	15	29	28	30	14
Net Nonoperating Obligations (NNO)	2,112	2,109	2,195	2,301	2,381	2,424	3,278	3,481	3,539	3,535	3,067
Total Depreciation and Amortization (D&A)	45	45	52	54	55	59	60	64	66	69	80
Debt-free, Cash-free Net Working Capital to Revenue	-13.54%	-22.86%	-25.98%	-24.21%	-28.40%	-24.45%	-27.30%	-26.62%	-27.33%	-24.75%	-21.68%
Debt-free Net Working Capital to Revenue	-7.19%	-17.03%	11.50%	-5.37%	-17.53%	-20.26%	13.51%	-12.12%	-20.49%	-18.77%	30.09%
Net Working Capital to Revenue	-7.19%	-17.03%	11.50%	-5.37%	-17.53%	-20.26%	13.51%	-12.12%	-20.49%	-18.77%	30.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.21	$0.22	$0.30	$0.26	$0.27	$0.29	$0.27	$0.37	$0.30	$0.26	$0.30
Adjusted Weighted Average Basic Shares Outstanding	171.91M	170.47M	195.37M	200.61M	205.28M	202.88M	214.40M	217.39M	218.76M	218.28M	227.40M
Adjusted Diluted Earnings per Share	$0.21	$0.22	$0.30	$0.26	$0.27	$0.29	$0.27	$0.37	$0.30	$0.26	$0.30
Adjusted Weighted Average Diluted Shares Outstanding	172.83M	170.98M	195.78M	200.67M	205.45M	203.11M	214.44M	217.39M	219.13M	218.47M	227.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	183.49M	196.73M	200.92M	206.44M	211.10M	215.09M	217.82M	219.49M	222.39M	227.96M	236.69M
Normalized Net Operating Profit after Tax (NOPAT)	40	42	46	52	55	66	55	69	68	66	62
Normalized NOPAT Margin	24.53%	23.61%	24.48%	26.60%	26.68%	31.60%	25.81%	29.01%	28.02%	27.24%	24.47%
Pre Tax Income Margin	25.84%	26.07%	34.13%	29.23%	30.35%	32.45%	30.02%	36.33%	29.45%	27.32%	29.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.81	4.41	5.64	4.33	4.91	6.52	5.38	4.04	3.60	3.36	3.71
NOPAT to Interest Expense	3.81	4.41	4.75	4.33	4.91	6.52	5.38	4.04	3.60	3.36	3.23
EBIT Less CapEx to Interest Expense	1.47	1.13	3.60	1.55	0.20	0.44	-0.07	2.25	-0.53	0.22	2.65
NOPAT Less CapEx to Interest Expense	1.47	1.13	2.71	1.55	0.20	0.44	-0.07	2.25	-0.53	0.22	2.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	117.55%	125.80%	127.63%	129.95%	128.59%	126.07%	134.38%	125.65%	126.93%	132.75%	132.98%
Augmented Payout Ratio	117.55%	125.80%	127.63%	129.95%	128.59%	126.07%	134.38%	125.65%	126.93%	132.79%	132.98%

Frequently Asked Questions About Rexford Industrial Realty's Financials

When does Rexford Industrial Realty's fiscal year end?

According to the most recent income statement we have on file, Rexford Industrial Realty's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Rexford Industrial Realty's net income changed over the last 9 years?

Rexford Industrial Realty's net income appears to be on an upward trend, with a most recent value of $285.93 million in 2024, rising from $1.95 million in 2015. The previous period was $249.59 million in 2023. Check out Rexford Industrial Realty's forecast to explore projected trends and price targets.

What is Rexford Industrial Realty's operating income?

Rexford Industrial Realty's total operating income in 2024 was $386.76 million, based on the following breakdown:

Total Gross Profit: $726.15 million
Total Operating Expenses: $339.39 million

How has Rexford Industrial Realty revenue changed over the last 9 years?

Over the last 9 years, Rexford Industrial Realty's total revenue changed from $93.90 million in 2015 to $936.41 million in 2024, a change of 897.2%.

How much debt does Rexford Industrial Realty have?

Rexford Industrial Realty's total liabilities were at $3.92 billion at the end of 2024, a 40.8% increase from 2023, and a 753.6% increase since 2015.

How much cash does Rexford Industrial Realty have?

In the past 9 years, Rexford Industrial Realty's cash and equivalents has ranged from $5.20 million in 2015 to $180.60 million in 2018, and is currently $55.97 million as of their latest financial filing in 2024.

How has Rexford Industrial Realty's book value per share changed over the last 9 years?

Over the last 9 years, Rexford Industrial Realty's book value per share changed from 12.09 in 2015 to 36.73 in 2024, a change of 203.8%.

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This page (NYSE:REXR) was last updated on 5/5/2025 by MarketBeat.com Staff

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Rexford Industrial Realty (REXR) Financials

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Rexford Industrial Realty (REXR) Financials

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