Financials Rexford Industrial Realty, Inc.

Equities

REXR

US76169C1009

Commercial REITs

Real-time Estimate Cboe BZX 02:42:04 2024-05-02 pm EDT 5-day change 1st Jan Change
43.56 USD +2.75% Intraday chart for Rexford Industrial Realty, Inc. +0.88% -22.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,056 6,398 12,268 10,011 11,823 9,215 - -
Enterprise Value (EV) 1 5,835 7,438 13,624 11,911 14,015 12,770 13,609 14,253
P/E ratio 97.2 x 96.3 x 101 x 59.4 x 50.1 x 38.2 x 30.2 x 22.3 x
Yield 1.62% 1.75% 1.18% 2.31% 2.71% 3.92% 4.19% 4.41%
Capitalization / Revenue 18.9 x 19.4 x 27.1 x 15.9 x 14.8 x 9.74 x 8.04 x 6.72 x
EV / Revenue 21.8 x 22.5 x 30.1 x 18.9 x 17.6 x 13.5 x 11.9 x 10.4 x
EV / EBITDA 33.6 x 34.8 x 46.1 x 28.6 x 26 x 19.7 x 17.1 x 14.6 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.03 x 1.83 x 2.37 x 1.58 x 1.53 x 1.1 x 1.1 x -
Nbr of stocks (in thousands) 110,703 130,289 151,251 183,217 210,748 217,382 - -
Reference price 2 45.67 49.11 81.11 54.64 56.10 42.39 42.39 42.39
Announcement Date 2/11/20 2/10/21 2/9/22 2/8/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 267.2 330.1 452.2 631.2 797.8 946.5 1,146 1,370
EBITDA 1 173.6 213.6 295.5 416.4 538.3 649.7 795.3 977.9
EBIT 1 74.75 98.36 144.3 219.6 293.8 369.9 462.6 574.4
Operating Margin 27.97% 29.79% 31.9% 34.8% 36.83% 39.08% 40.37% 41.92%
Earnings before Tax (EBT) 1 64 80.9 136.2 177.2 249.6 279.1 325.5 -
Net income 1 50.48 61.35 111.8 157.5 227.4 234.4 310.3 -
Net margin 18.89% 18.58% 24.71% 24.95% 28.51% 24.76% 27.08% -
EPS 2 0.4700 0.5100 0.8000 0.9200 1.120 1.111 1.403 1.900
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.7400 0.8600 0.9600 1.260 1.520 1.663 1.777 1.868
Announcement Date 2/11/20 2/10/21 2/9/22 2/8/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 132.7 140.8 149.1 162.7 178.6 186.2 195.8 205.4 210.4 214.1 235.4 243.3 254.3 264.8 276.6
EBITDA 1 85.61 92.61 98.85 108.2 116.8 125.2 133.2 138.7 141.2 146.6 162.2 168 174.9 186.2 191.2
EBIT 1 44.39 - 52.24 57.04 60.23 65.78 74.4 78.29 75.34 80.36 93.63 97.14 100.2 106.8 -
Operating Margin 33.45% - 35.03% 35.05% 33.73% 35.32% 38% 38.12% 35.8% 37.53% 39.78% 39.93% 39.4% 40.34% -
Earnings before Tax (EBT) - - - - - - - - 67.32 - - - - - -
Net income 1 34.77 43.9 36.09 36.76 40.72 57.87 51.56 56.34 61.68 58.64 58.1 59.62 62.1 62.27 46.14
Net margin 26.2% 31.19% 24.2% 22.59% 22.8% 31.07% 26.34% 27.43% 29.31% 27.39% 24.68% 24.51% 24.42% 23.52% 16.68%
EPS 2 0.2300 0.2700 0.2200 0.2100 0.2200 0.3000 0.2600 0.2700 0.2900 0.2700 0.2755 0.2819 0.2938 - -
Dividend per Share 2 0.2400 0.3150 0.3150 0.3150 0.3150 0.3800 0.3800 0.3800 0.3800 0.4175 0.4195 0.4195 0.4195 0.4392 0.4500
Announcement Date 2/9/22 4/19/22 7/20/22 10/19/22 2/8/23 4/19/23 7/19/23 10/18/23 2/6/24 4/17/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 779 1,040 1,356 1,900 2,192 3,326 4,036 4,562
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.486 x 4.868 x 4.587 x 4.562 x 4.073 x 5.085 x 5.057 x 4.672 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 2.28% 2.12% 2.78% 2.78% 3.18% 4.42% 3.23% 3.16%
ROA (Net income/ Total Assets) 1.57% 1.43% 1.91% 1.96% 2.25% 2.12% 2.21% -
Assets 1 3,213 4,295 5,866 8,020 10,094 11,218 14,140 -
Book Value Per Share 2 22.50 26.80 34.20 34.70 36.60 38.40 38.40 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/11/20 2/10/21 2/9/22 2/8/23 2/6/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
42.39 USD
Average target price
53.53 USD
Spread / Average Target
+26.29%
Consensus
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  4. Financials Rexford Industrial Realty, Inc.