Financial Snapshot

Revenue
$903.9M
TTM
Gross Margin
77.47%
TTM
Net Earnings
$265.1M
TTM
Current Assets
$61.84M
Q3 2024
Current Liabilities
$356.4M
Q3 2024
Current Ratio
17.35%
Q3 2024
Total Assets
$12.42B
Q3 2024
Total Liabilities
$4.350B
Q3 2024
Book Value
$8.071B
Q3 2024
Cash
$61.84M
Q3 2024
P/E
34.70
Nov 29, 2024 EST
Free Cash Flow
$94.23M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $797.8M $631.2M $452.2M $330.1M $267.2M $212.5M $161.4M $126.2M $93.90M $66.58M $44.40M $33.00M $28.20M
YoY Change 26.4% 39.57% 36.99% 23.55% 25.75% 31.69% 27.86% 34.39% 41.03% 49.96% 34.55% 17.02%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $797.8M $631.2M $452.2M $330.1M $267.2M $212.5M $161.4M $126.2M $93.90M $66.58M $44.40M $33.00M $28.20M
Cost Of Revenue $184.5M $150.5M $107.7M $79.70M $63.30M $51.70M $42.10M $33.60M $25.00M $18.40M $10.30M $9.300M $6.900M
Gross Profit $613.3M $480.7M $344.5M $250.4M $203.9M $160.8M $119.2M $92.60M $68.90M $48.20M $34.10M $23.70M $21.30M
Gross Profit Margin 76.88% 76.16% 76.18% 75.85% 76.31% 75.67% 73.87% 73.38% 73.38% 72.39% 76.8% 71.82% 75.53%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Selling, General & Admin $75.03M $64.26M $48.99M $36.80M $30.30M $25.20M $21.60M $17.40M $15.00M $12.10M $9.700M $5.100M $3.700M
YoY Change 16.75% 31.18% 33.13% 21.45% 20.24% 16.67% 24.14% 16.0% 23.97% 24.74% 90.2% 37.84%
% of Gross Profit 12.23% 13.37% 14.22% 14.7% 14.86% 15.67% 18.12% 18.79% 21.77% 25.1% 28.45% 21.52% 17.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $244.5M $196.8M $151.3M $115.3M $98.90M $80.00M $64.90M $51.40M $42.00M $29.00M $16.10M $12.10M $10.50M
YoY Change 24.25% 30.1% 31.2% 16.58% 23.63% 23.27% 26.26% 22.38% 44.83% 80.12% 33.06% 15.24%
% of Gross Profit 39.86% 40.94% 43.91% 46.05% 48.5% 49.75% 54.45% 55.51% 60.96% 60.17% 47.21% 51.05% 49.3%
Operating Expenses $319.5M $261.1M $200.3M $152.1M $192.5M $156.9M $128.6M $102.4M $81.85M $59.13M $27.40M $17.00M $14.60M
YoY Change 22.4% 30.36% 31.66% -20.97% 22.66% 22.01% 25.54% 25.15% 38.42% 115.82% 61.18% 16.44%
Operating Profit $293.8M $219.6M $144.3M $98.30M $11.44M $3.893M -$9.401M -$9.841M -$12.95M -$10.93M $6.700M $6.700M $6.700M
YoY Change 33.77% 52.26% 46.75% 759.49% 193.78% -141.41% -4.47% -24.03% 18.47% -263.19% 0.0% 0.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Interest Expense $61.40M $48.50M $40.14M $30.85M $26.88M $25.42M $20.21M $14.85M $8.453M $6.400M -$11.90M -$14.40M -$13.60M
YoY Change 26.61% 20.82% 30.11% 14.79% 5.74% 25.77% 36.11% 75.65% 32.08% -153.78% -17.36% 5.88%
% of Operating Profit 20.9% 22.08% 27.82% 31.38% 234.98% 652.86% -177.61% -214.93% -202.99%
Other Income/Expense, Net $1.820M $1.561M $1.297M $124.0K $171.0K $25.73M $20.66M $16.70M $10.59M $8.438M
YoY Change 16.59% 20.35% 945.97% -27.49% -99.34% 24.54% 23.71% 57.74% 25.49%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Pretax Income $249.6M $177.2M $136.2M $80.90M $64.00M $47.10M $41.70M $25.90M $2.000M -$1.200M -$9.200M -$8.300M -$7.900M
YoY Change 40.89% 30.03% 68.41% 26.41% 35.88% 12.95% 61.0% 1195.0% -266.67% -86.96% 10.84% 5.06%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $238.0M $167.6M $128.2M $76.40M $61.98M $46.21M $40.71M $25.13M $1.874M $896.0K -$4.900M -$8.957M -$6.337M
YoY Change 42.03% 30.68% 67.85% 23.27% 34.12% 13.5% 62.03% 1240.77% 109.15% -118.29% -45.29% 41.34%
Net Earnings / Revenue 29.83% 26.55% 28.36% 23.14% 23.19% 21.75% 25.23% 19.91% 2.0% 1.35% -11.04% -27.14% -22.47%
Basic Earnings Per Share $1.12 $0.92 $0.80 $0.51 $0.47 $0.42 $0.48 $0.36 $0.03
Diluted Earnings Per Share $1.12 $0.92 $0.80 $0.51 $0.47 $0.41 $0.48 $0.36 $0.03 $28.13K -$196.8K -$199.2K -$0.15

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Cash & Short-Term Investments $33.44M $36.79M $43.99M $176.3M $78.90M $180.6M $6.600M $15.50M $5.200M $8.600M $9.000M $43.50M $20.90M
YoY Change -9.08% -16.37% -75.05% 123.45% -56.31% 2636.36% -57.42% 198.08% -39.53% -4.44% -79.31% 108.13%
Cash & Equivalents $33.44M $36.79M $43.99M $176.3M $78.90M $180.6M $6.600M $15.50M $5.200M $8.600M $9.000M $43.50M $20.90M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $14.00M $16.50M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $33.44M $36.79M $43.99M $176.3M $78.90M $180.6M $6.600M $15.50M $5.200M $8.600M $23.00M $60.00M $20.90M
YoY Change -9.08% -16.37% -75.05% 123.45% -56.31% 2636.36% -57.42% 198.08% -39.53% -62.61% -61.67% 187.08%
Property, Plant & Equipment $10.37B $8.865B $6.461B $4.578B $3.405B $2.487B $1.988B $1.417B $1.085B $853.6M $481.7M $321.0M $311.7M
YoY Change 17.03% 37.2% 41.13% 34.45% 36.9% 25.09% 40.32% 30.59% 27.12% 77.21% 50.06% 2.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.125M $1.625M $8.445M $4.100M $14.50M $900.0K $2.500M $0.00 $4.100M $6.100M $7.200M $13.00M $25.10M
YoY Change 30.77% -80.76% 105.98% -71.72% 1511.11% -64.0% -100.0% -32.79% -15.28% -44.62% -48.21%
Other Assets $3.426M $4.829M $9.185M $12.30M $700.0K $1.300M $14.60M $800.0K $1.400M $2.000M $1.900M $3.300M $3.100M
YoY Change -29.05% -47.43% -25.33% 1657.14% -46.15% -91.1% 1725.0% -42.86% -30.0% 5.26% -42.42% 6.45%
Total Long-Term Assets $10.90B $9.222B $6.737B $4.775B $3.560B $2.607B $2.105B $1.500B $1.148B $923.6M $531.7M $360.5M $362.3M
YoY Change 18.15% 36.89% 41.1% 34.14% 36.54% 23.86% 40.37% 30.61% 24.31% 73.71% 47.49% -0.5%
Total Assets $10.93B $9.259B $6.781B $4.951B $3.639B $2.788B $2.111B $1.515B $1.153B $932.2M $554.7M $420.5M $383.2M
YoY Change
Accounts Payable $128.8M $86.60M $60.83M $39.00M $27.30M $21.10M $21.10M $13.60M $12.60M $10.10M $5.800M $2.600M $1.800M
YoY Change 48.79% 42.35% 55.98% 42.86% 29.38% 0.0% 55.15% 7.94% 24.75% 74.14% 123.08% 44.44%
Accrued Expenses $8.900M $10.90M $5.000M $6.400M $3.800M
YoY Change -18.35% 118.0% -21.88% 68.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.600M $200.0K
YoY Change 700.0%
Total Short-Term Liabilities $297.4M $231.5M $163.3M $108.3M $81.70M $60.30M $52.30M $38.10M $31.90M $24.10M $17.30M $7.600M $4.900M
YoY Change 28.51% 41.7% 50.83% 32.56% 35.49% 15.3% 37.27% 19.44% 32.37% 39.31% 127.63% 55.1%
Long-Term Debt $2.226B $1.936B $1.400B $1.215B $857.7M $757.4M $668.9M $500.2M $418.2M $356.4M $192.5M $302.8M $297.0M
YoY Change 14.95% 38.36% 15.23% 41.61% 13.24% 13.23% 33.73% 19.61% 17.34% 85.14% -36.43% 1.95%
Other Long-Term Liabilities $262.6M $168.1M $150.6M $97.70M $76.80M $61.60M $24.80M $14.60M $9.400M $5.900M $3.200M $13.90M $13.60M
YoY Change 56.2% 11.65% 54.1% 27.21% 24.68% 148.39% 69.86% 55.32% 59.32% 84.38% -76.98% 2.21%
Total Long-Term Liabilities $2.488B $2.104B $1.550B $1.312B $934.5M $819.0M $693.7M $514.8M $427.6M $362.3M $195.7M $316.7M $310.6M
YoY Change 18.25% 35.76% 18.12% 40.43% 14.1% 18.06% 34.75% 20.39% 18.02% 85.13% -38.21% 1.96%
Total Liabilities $3.163B $2.702B $1.997B $1.706B $1.082B $911.6M $771.3M $575.7M $481.1M $412.4M $248.5M $433.2M $391.7M
YoY Change 17.04% 35.35% 17.03% 57.61% 18.74% 18.19% 33.98% 19.66% 16.66% 65.96% -42.64% 10.59%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $9.2003 Billion

About Rexford Industrial Realty, Inc.

Rexford Industrial Realty, Inc. is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company is headquartered in Los Angeles, California and currently employs 242 full-time employees. The company went IPO on 2013-07-19. The firm is focused on owning, operating and acquiring industrial properties in Southern California infill markets. The company acquires, owns, improves, redevelops, leases, and manages industrial real estate principally located in Southern California infill markets, through Rexford Industrial Realty, L.P. (Operating Partnership) and its subsidiaries. The company also acquires or provides mortgage debt secured by industrial property. The company provides property management services and leasing services to related parties and third-party property owners. Its property management services include performing property inspections, monitoring repairs and maintenance, negotiating vendor contracts, maintaining tenant relations and providing financial and accounting oversight. The firm's portfolio consists of over 422 properties with approximately 49.1 million rentable square feet.

Industry: Real Estate Investment Trusts Peers: Prologis, Inc. AMERICOLD REALTY TRUST DUKE REALTY CORP EASTGROUP PROPERTIES INC FIRST INDUSTRIAL REALTY TRUST INC LXP Industrial Trust STAG Industrial, Inc. Terreno Realty Corp