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Company Overview References to we, our, us, our company, or the Company refer to Rexford Industrial Realty, Inc., a Maryland corporation, together with our consolidated subsidiaries (unless the context requires otherwise), including Rexford Industrial Realty, L.P., a Maryland limited partnership, of which we are the sole general partner and which we refer to in this report as our Operating Part…
$36.18
+$0.12 (+0.33%)
Price from 14 days ago
37.94% operating margin is above average. ROIC at 2.57%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 7.1%, steady but not accelerating.
At 38x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $3.09B represents 14.8x FCF, leverage limits flexibility.
38.5x earnings, 38.7x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$996M
▲ +7.1% YoY
Net Income (TTM)
$232M
▼ -22.6% YoY
Op. Margin
39.23%
▼ -1.4pp YoY
ROIC
2.61%
▼ -0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$213M
▲ +97.7% YoY
Op. Cash Flow (TTM)
$531M
▲ +13.2% YoY
Net Debt
$3.20B
Cash & Equiv.
$52M
5Y CAGR: +24.9%
5Y CAGR: +14.9%
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