REXRRexford Industrial Realty, Inc.
Real Estate Investment Trusts
- Revenue
- $589K
- 3.6% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $2.3B net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear247% of net incomeCash flow under 80% of net income
- Dilutive SBCFired171× of revenueOver 10% of revenue
- Payouts exceed cash flowFired119% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $468K | $616K | $682K | $611K | $589K | 3.6% |
| Net income | $136M | $177M | $250M | $286M | $220M | 23% |
| Operating cash flow | $231M | $328M | $428M | $479M | $542M | 13% |
| Stock-based comp | $20M | $28M | $34M | $42M | $100M | 142% |
| Buybacks | — | — | $0 | $0 | $250M | |
| Dividends | $130M | $202M | $291M | $354M | $397M | 12% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 91 | 127 |
| FY2024 | — | — | 87 | 124 |
| FY2023 | — | — | 122 | 118 |
| FY2022 | — | — | 116 | 106 |
| FY2021 | — | — | 168 | 141 |