Rexford Industrial Realty, Inc. (REXR) intrinsic value & 10-year financials
Rexford Industrial Realty, Inc. (REXR) has a Graham intrinsic value of $21.38 per share. At $36.84 on Oct 17, 2026, the stock trades 72% above that value. Over the last 10 fiscal years revenue grew 2.5% a year to $589.0K, with an average return on invested capital of 2.2%.
- Graham intrinsic value
- $21.38
- Share price (Oct 17, 2026)
- $36.84
- Price vs Graham value
- 72% above
- Market cap
- $8.6B
- Revenue (FY2025)
- $589.0K
- Revenue growth (10-yr CAGR)
- 2.5%
- ROIC (10-yr avg)
- 2.2%
- Free cash flow (FY2025)
- —
REXR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $589.0K | $212.0M | $0.86 | — | — | 1.8% |
| FY2024 | $611.0K | $273.8M | $1.20 | — | — | 2.5% |
| FY2023 | $682.0K | $238.0M | $1.12 | — | — | 2.6% |
| FY2022 | $616.0K | $167.6M | $0.92 | — | — | 2.3% |
| FY2021 | $468.0K | $128.2M | $0.80 | — | — | 2.5% |
| FY2020 | $420.0K | $76.4M | $0.51 | — | — | 2.0% |
| FY2019 | $406.0K | $62.0M | $0.47 | — | — | 2.1% |
| FY2018 | $473.0K | $46.2M | $0.41 | — | — | 2.1% |
| FY2017 | $493.0K | $40.7M | $0.48 | — | — | 2.4% |
| FY2016 | $473.0K | $25.1M | $0.36 | — | — | 1.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Rexford Industrial Realty, Inc. has demonstrated mature, steady growth, with revenue compounding at 2.5% annually over the past decade.
Rexford Industrial Realty, Inc. has historically struggled to out-earn its cost of capital, averaging just 2.2% ROIC.
Over the decade, Rexford Industrial Realty, Inc. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Rexford Industrial Realty, Inc. is modeled at 10.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $21.38 per share.