Rexford Industrial Realty, Inc. REXR
Rexford Industrial, structured as a real estate investment trust (REIT), concentrates its efforts on acquiring and operating industrial properties situated in the high-demand infill markets across Southern California. The firm's portfolio comprises 232 properties under its direct ownership, collectively offering nearly 27.9 million rentable square feet. Additionally, it provides management oversight for another 20 properties, which total approximately 1.0 million rentable square feet.
Snapshot
Reported FFO / AFFO / leverage are from the None earnings release (filed 2026-05-21) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-04-21 | $0.43 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-02-02 | $0.43 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-10-13 | $0.43 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-07-14 | $0.43 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-04-16 | $0.43 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-02-05 | $0.43 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-10-16 | $0.42 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-07-17 | $0.42 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-04-17 | $0.42 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-15 | 2024-02-05 | $0.42 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-16 | 2023-10-16 | $0.38 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-16 | 2023-07-19 | $0.38 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-17 | 2023-04-14 | $0.38 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-17 | 2023-02-08 | $0.38 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-17 | 2022-10-19 | $0.32 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-15 | 2022-07-18 | $0.32 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | 2022-04-18 | $0.32 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-15 | 2022-02-07 | $0.32 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-18 | 2021-10-18 | $0.24 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-15 | 2021-07-21 | $0.24 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-15 | 2021-04-19 | $0.24 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-15 | 2021-02-08 | $0.24 | Quarterly |
| 2020-12-30 | 2020-12-31 | 2021-01-15 | 2020-10-20 | $0.21 | Quarterly |
| 2020-09-29 | 2020-09-30 | 2020-10-15 | 2020-07-20 | $0.21 | Quarterly |
Coverage (payout of operating cash flow): 74.64%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $1.00B | $212.03M | $315.92M | $640.59M | $542.09M |
| 2024 | $936.41M | $273.80M | $247.59M | $614.10M | $478.92M |
| 2023 | $797.83M | $238.02M | $214.63M | $506.81M | $427.55M |
| 2022 | $631.20M | $167.58M | $165.59M | $383.67M | $327.69M |
| 2021 | $452.24M | $128.24M | $135.83M | $279.78M | $231.46M |
| 2020 | $330.13M | $76.40M | $104.74M | $202.97M | $182.99M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.