Financials Rexford Industrial Realty, Inc.

Equities

REXR

US76169C1009

Commercial REITs

Market Closed - Nyse 01:30:02 27/04/2024 am IST 5-day change 1st Jan Change
43.2 USD +0.47% Intraday chart for Rexford Industrial Realty, Inc. +1.08% -22.99%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,056 6,398 12,268 10,011 11,823 9,391 - -
Enterprise Value (EV) 1 5,835 7,438 13,624 11,911 14,015 12,946 13,785 14,429
P/E ratio 97.2 x 96.3 x 101 x 59.4 x 50.1 x 42.4 x 35.3 x 27.5 x
Yield 1.62% 1.75% 1.18% 2.31% 2.71% 3.85% 4.12% 4.29%
Capitalization / Revenue 18.9 x 19.4 x 27.1 x 15.9 x 14.8 x 10.2 x 8.54 x 6.97 x
EV / Revenue 21.8 x 22.5 x 30.1 x 18.9 x 17.6 x 14.1 x 12.5 x 10.7 x
EV / EBITDA 33.6 x 34.8 x 46.1 x 28.6 x 26 x 20 x 17.4 x 14.9 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.03 x 1.83 x 2.37 x 1.58 x 1.53 x 1.13 x 1.13 x -
Nbr of stocks (in thousands) 1,10,703 1,30,289 1,51,251 1,83,217 2,10,748 2,17,382 - -
Reference price 2 45.67 49.11 81.11 54.64 56.10 43.20 43.20 43.20
Announcement Date 11/02/20 10/02/21 09/02/22 08/02/23 06/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 267.2 330.1 452.2 631.2 797.8 918.5 1,099 1,348
EBITDA 1 173.6 213.6 295.5 416.4 538.3 648.2 790.3 971.5
EBIT 1 74.75 98.36 144.3 219.6 293.8 353.8 426 549.7
Operating Margin 27.97% 29.79% 31.9% 34.8% 36.83% 38.52% 38.76% 40.79%
Earnings before Tax (EBT) 1 64 80.9 136.2 177.2 249.6 281.7 292.5 -
Net income 1 50.48 61.35 111.8 157.5 227.4 243.7 298 386.5
Net margin 18.89% 18.58% 24.71% 24.95% 28.51% 26.54% 27.12% 28.68%
EPS 2 0.4700 0.5100 0.8000 0.9200 1.120 1.020 1.225 1.570
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 1.779 1.853
Announcement Date 11/02/20 10/02/21 09/02/22 08/02/23 06/02/24 - - -
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 1 132.7 140.8 149.1 162.7 178.6 186.2 195.8 205.4 210.4 214.1 225 235.4 243.7 267.6 280.5
EBITDA 1 85.61 92.61 98.85 108.2 116.8 125.2 133.2 138.7 141.2 146.6 160.4 165.3 171.9 185.3 196.5
EBIT 1 44.39 - 52.24 57.04 60.23 65.78 74.4 78.29 75.34 80.36 91.69 97.03 100.3 107.4 -
Operating Margin 33.45% - 35.03% 35.05% 33.73% 35.32% 38% 38.12% 35.8% 37.53% 40.75% 41.21% 41.15% 40.14% -
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 59.64 63.25 66.47 61.31 47.18
Net margin 26.2% 31.19% 24.2% 22.59% 22.8% 31.07% 26.34% 27.43% 29.31% 27.39% 26.51% 26.86% 27.28% 22.91% 16.82%
EPS 2 0.2300 0.2700 0.2200 0.2100 0.2200 0.3000 0.2600 0.2700 0.2900 0.2700 0.2500 0.2700 0.2800 - -
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 0.4500 0.4500
Announcement Date 09/02/22 19/04/22 20/07/22 19/10/22 08/02/23 19/04/23 19/07/23 18/10/23 06/02/24 17/04/24 - - - - -
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 3,555 4,394 5,038
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.486 x 4.868 x 4.587 x 4.562 x 4.073 x 5.484 x 5.56 x 5.186 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 2.28% 2.12% 2.78% 2.78% 3.18% 7.18% 3.14% 4.02%
ROA (Net income/ Total Assets) 1.57% 1.43% 1.91% 1.96% 2.25% 1.81% 1.78% -
Assets 1 3,213 4,295 5,866 8,020 10,094 13,489 16,790 -
Book Value Per Share 2 22.50 26.80 34.20 34.70 36.60 38.30 38.30 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 11/02/20 10/02/21 09/02/22 08/02/23 06/02/24 - - -
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
43.2 USD
Average target price
56.07 USD
Spread / Average Target
+29.78%
Consensus
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  4. Financials Rexford Industrial Realty, Inc.