/
DCF Valuation
Base-case fair value
$9.87
Intrinsic $13.16 · 25% MOS
Current price: $34.07
Base-case summary
Our base-case DCF for Rexford Industrial Realty, Inc. (REXR) projects 10 years of free cash flow growth at 10.6% for years 1–5 and 5.3% for years 6–10, anchored to 10.6% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $213M in trailing free cash flow, this produces an intrinsic value of $13.16 per share. A 25% safety margin gives a fair value of $9.87, suggesting the stock is currently 71% overvalued against the $34.07 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$213M
Cash & equivalents
$52M
Total debt
$3.3B
Shares outstanding
228M