Feed / REXR

Rexford Industrial Realty, Inc.

REXR

Real Estate · 36.22 -3.2% today

Isolated · not yet confirmedMarket checked 1 Oct, 15:45 GMT-4

Market read

No connected market move is active around Rexford Industrial Realty, Inc..

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Company-3.2% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
  • REXR's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if REXR's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Real Estate · REIT - Industrial

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • REXR's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Oct 1, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations341
Usable filing statements107
Verified relationships6
Evidence supporting the case
  • Operating cash flow covered net income at 2.56x in the latest annual period.
  • Supply chain and availability has repeated favorable evidence across 3 filings.
  • Tariffs and trade policy has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Latest annual revenue changed -3.6% year over year.
  • Net margin changed -8814.0 percentage points in the latest annual period.
  • Diluted shares increased 6.4% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 50% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 166213% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 30, 2026

36.28
6m+10.8%12m-12.7%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$468,000+11.4%$0.80+15.6%
2022-12-31$616,000+31.6%$0.92+22.1%
2023-12-31$682,000+10.7%$1.12+18.8%
2024-12-31$611,000-10.4%$1.20+7.6%
2025-12-31$589,000-3.6%$0.86+6.4%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
“Debt Extinguishment and Modification Expenses During the six months ended June 30, 2025, we recognized debt extinguishment and modification expenses of $0.3 million, consisting of a $0.2 million loss on extinguishment of debt from the write-off of unamortized…”
10-Q · Jul 28, 2026 ↗
Restructuring and cost reductionsmixed · 4 filings
“The impairment charges were primarily attributable to changes in management's assumptions regarding expected holding periods for properties identified for disposition, which resulted in estimated fair values below carrying value.”
10-Q · Jul 28, 2026 ↗
Supply chain and availabilitypositive · 3 filings
“However, this estimate is based on our current construction plans and budgets, both of which are subject to change as a result of a number of factors, including increased costs of building materials or construction services (including as a result of trade dis…”
10-Q · Jul 28, 2026 ↗
Tariffs and trade policypositive · 3 filings
“However, this estimate is based on our current construction plans and budgets, both of which are subject to change as a result of a number of factors, including increased costs of building materials or construction services (including as a result of trade dis…”
10-Q · Jul 28, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 14324.2× · EV/sales 19563.8×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

36.22-3.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:45 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for REXR. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for REXR. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind REXR

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

BXBlackstone Inc.investeeFeb 11, 2026 ▾

“Total capitalized closing costs and acquisition related costs, net of certain credits, not included in the gross contractual purchase price in the table above, were approximately $ 3.7 million.”

GSThe Goldman Sachs Group, Inc.partnerFeb 11, 2026 ▾

“8-K 001-36008 1.4 2/17/2023 10.36 Equity Distribution Agreement, dated February 17, 2023, by and among Rexford Industrial Realty, Inc., Rexford Industrial Realty, L.P., and Goldman Sachs & Co.”

JEFJefferies Financial Group Inc.partnerFeb 11, 2026 ▾

“8-K 001-36008 1.5 2/17/2023 10.37 Equity Distribution Agreement, dated February 17, 2023, by and among Rexford Industrial Realty, Inc., Rexford Industrial Realty, L.P., and Jefferies LLC.”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 10 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

REXR is currently a Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for REXR; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.