Rexford Industrial Realty, Inc.
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REXR FY 2025 request
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/api/financials?ticker=REXR&year=2025&quarter=4&full_year_mode=true
Pick an endpoint and run the request.Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Lease Lease Income | 980,376 | 922,096 | +6.3% |
| Revenue | 589 | 611 | -3.6% |
| Interest Income Operating | 22,168 | 13,700 | +61.8% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax | -782 | 11,932 | -106.6% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax (FY) | — | — | — |
Show Derivative Risk breakouts |
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| Interest Rate Swap · Reclassification Out Of Accumulated Other Comprehensive Income | 6,654 | 12,364 | -46.2% |
| Revenue | 1,003,133 | 936,407 | +7.1% |
Show Related Party Transactions By Related Party breakouts |
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| Chief Executive Officer | 0.6 | 0.6 | 0.0% |
| Direct Costs Of Leased And Rented Property Or Equipment | 227,725 | 210,260 | +8.3% |
| General & Administrative | 78,856 | 82,153 | -4.0% |
| Depreciation And Amortization | 315,919 | 275,247 | +14.8% |
| Total Costs & Expenses | 622,500 | 567,660 | +9.7% |
| Other Expenses | 72,611 | 2,238 | +3144.5% |
| Interest Expense | 104,903 | 98,596 | +6.4% |
| Non-Operating Income (Expense) | 177,514 | 100,834 | +76.0% |
| Other Cost And Expense Operating | 800,014 | 668,494 | +19.7% |
| Impairment Of Real Estate | -89,097 | — | — |
| Gain Loss On Extinguishment Of Debt And Modification Expenses | -291 | — | — |
| Gains Losses On Sales Of Investment Real Estate | 106,032 | 18,013 | +488.6% |
Show Disposal Group Classification breakouts |
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| Disposal Group Disposed Of By Sale Not Discontinued Operations | 106,032 | 18,013 | +488.6% |
| Disposal Group Disposed Of By Sale Not Discontinued Operations · 1055 Sandhill Avenue | 13,157 | — | — |
| Disposal Group Disposed Of By Sale Not Discontinued Operations · 1332 & 1336 Rocky Point Drive | 7,670 | — | — |
| Disposal Group Disposed Of By Sale Not Discontinued Operations · 15715 Arrow Highway | 14,533 | — | — |
| Disposal Group Disposed Of By Sale Not Discontinued Operations · 20 Icon | 30,625 | — | — |
| Disposal Group Disposed Of By Sale Not Discontinued Operations · 2270 Camino Vida Roble | 13,736 | — | — |
| Disposal Group Disposed Of By Sale Not Discontinued Operations · 600-650 South Grand Avenue | 19,931 | — | — |
| Disposal Group Disposed Of By Sale Not Discontinued Operations · 8542 Slauson Avenue | 6,380 | — | — |
| Net Income | 219,763 | 285,926 | -23.1% |
Show Equity Components breakouts |
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| Accumulated Distributions In Excess Of Net Income | 202,771 | 264,544 | -23.4% |
| Noncontrolling Interest | 7,734 | 12,124 | -36.2% |
| Parent | 212,029 | 273,802 | -22.6% |
| Preferred Stock | 9,258 | 9,258 | 0.0% |
| Net Income Loss Attributable To Noncontrolling Interest | -7,734 | -12,124 | +36.2% |
| Net Income | 212,029 | 273,802 | -22.6% |
| Preferred Stock Dividends Income Statement Impact | -9,258 | -9,258 | 0.0% |
| Undistributed Earnings Loss Allocated To Participating Securities Basic | -2,602 | -1,679 | -55.0% |
| Net Income Loss Available To Common Stockholders Basic | 200,169 | 262,865 | -23.9% |
| EPS (Basic) | 0.86 | 1.2 | -28.3% |
| EPS (Diluted) | 0.86 | 1.2 | -28.3% |
| Wtd Avg Shares (Basic) | 232,477,754 | 218,279,597 | +6.5% |
| Wtd Avg Shares (Diluted) | 232,550,968 | 218,466,954 | +6.4% |
| Comprehensive Income | 204,861 | 273,376 | -25.1% |
| Other Comprehensive Income | -7,168 | -426 | -1582.6% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 165,778 | 55,971 | +196.2% |
| Non-Current Assets | |||
| Intangible Assets | 140,627 | 201,467 | -30.2% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Above Market Leases | 19,460 | 29,530 | -34.1% |
| Below Market Ground Lease | 12,353 | 12,517 | -1.3% |
| Leases Acquired In Place | 108,814 | — | — |
| Leases Acquired In Place Market Adjustment | 108,814 | 159,420 | -31.7% |
| Net Above/(Below) Market Operating Leases | 97,027 | — | — |
| Total Assets | 12,612,713 | 12,648,218 | -0.3% |
| Operating Lease Right-of-Use Assets | 6.8 | 7.9 | -13.9% |
| Other Assets | |||
| Land | 7,689,921 | 7,822,290 | -1.7% |
| Investment Building And Building Improvements | 4,677,318 | 4,611,987 | +1.4% |
| Tenant Improvements | 198,161 | 188,217 | +5.3% |
| Fixtures And Equipment Gross | 132 | 132 | 0.0% |
| Development In Process | 451,109 | 333,690 | +35.2% |
| Real Estate Investment Property At Cost | 13,016,641 | 12,956,316 | +0.5% |
| Real Estate Investment Property Accumulated Depreciation | -1,165,792 | -977,133 | -19.3% |
| Real Estate Investment Property Net | 11,850,849 | 11,979,183 | -1.1% |
| Notes Receivable Net | 123,704 | 123,244 | +0.4% |
| Accounts Receivable Net | 13,958 | 15,772 | -11.5% |
| Deferred Rent Receivables Net | 190,376 | 161,693 | +17.7% |
| Deferred Costs Leasing Net | 87,745 | 67,827 | +29.4% |
| Deferred Finance Costs Net | 6,886 | 1,999 | +244.5% |
| Other Indefinite Lived Intangible Assets | 5,156 | 5,156 | 0.0% |
| Interest Rate Derivative Assets At Fair Value | 2,025 | 8,942 | -77.4% |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level12 And3 · Fair Value Measurements Recurring | 2,025 | 8,942 | -77.4% |
| Fair Value Inputs Level2 · Fair Value Measurements Recurring | 2,025 | 8,942 | -77.4% |
| Other Assets | 25,609 | 26,964 | -5.0% |
| Non-Current Liabilities | |||
| Long-Term Debt | 3,251,909 | 3,345,962 | -2.8% |
Show Debt Instrument breakouts |
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| $575M Exchangeable Senior Notes due 2027 | 569.8 | 565.9 | +0.7% |
| $575M Exchangeable Senior Notes due 2029 | 566.8 | 564.6 | +0.4% |
| Accounts Payable And Accrued Liabilities Current And Noncurrent | 120,849 | 149,707 | -19.3% |
| Dividends Payable Current And Noncurrent | 103,399 | 97,823 | +5.7% |
| Total Liabilities | 3,774,694 | 3,922,239 | -3.8% |
| Other Liabilities | |||
| Interest Rate Derivative Liabilities At Fair Value | 829 | — | — |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level12 And3 · Fair Value Measurements Recurring | 829 | — | — |
| Fair Value Inputs Level2 · Fair Value Measurements Recurring | 829 | — | — |
| Off Market Lease Unfavorable | 116,487 | 147,473 | -21.0% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Below-market tenant leases | 116,487 | 147,473 | -21.0% |
| Security Deposit Liability | 92,444 | 90,698 | +1.9% |
| Advance Rent | 88,777 | 90,576 | -2.0% |
| Stockholders' Equity | |||
| Preferred Stock Value (Q) | — | — | — |
Show Statement Class Of Stock breakouts |
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| Series B Preferred Stock | 72,443 | 72,443 | 0.0% |
| Series C Preferred Stock | 83,233 | 83,233 | 0.0% |
| Common Stock | 2,316 | 2,253 | +2.8% |
| Additional Paid In Capital Common Stock | 8,945,123 | 8,601,276 | +4.0% |
| Accumulated Distributions In Excess Of Net Income | -642,130 | -441,881 | -45.3% |
| Accumulated Other Comprehensive Income | -422 | 6,746 | -106.3% |
| Total Stockholders' Equity | 8,460,563 | 8,324,070 | +1.6% |
| Minority Interest | 377,456 | 401,909 | -6.1% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 8,838,019 | 8,725,979 | +1.3% |
Show Equity Components breakouts |
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| Accumulated Distributions In Excess Of Net Income | -642,130 | -441,881 | -45.3% |
| Accumulated Other Comprehensive Income | -422 | 6,746 | -106.3% |
| Additional Paid In Capital | 8,945,123 | 8,601,276 | +4.0% |
| Common Stock | 2,316 | 2,253 | +2.8% |
| Noncontrolling Interest | 377,456 | 401,909 | -6.1% |
| Parent | 8,460,563 | 8,324,070 | +1.6% |
| Preferred Stock | 155,676 | 155,676 | 0.0% |
| Total Liabilities & Equity | 12,612,713 | 12,648,218 | -0.3% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Amortization Of Above And Below Market Leases | -24,357 | -27,653 | +11.9% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Net above (below) market tenant leases | -20,916 | -24,190 | +13.5% |
| Amortization Of Deferred Loan Origination Fees Net | -460 | -460 | 0.0% |
| Gains Losses On Extinguishment Of Debt | 200 | — | — |
| Amortization of Financing Costs | 5,062 | 4,775 | +6.0% |
| Amortization Of Debt Discount Premium | 6,352 | 4,829 | +31.5% |
| Stock-Based Compensation | 100,480 | 41,602 | +141.5% |
| Straight Line Rent | -29,672 | -38,433 | +22.8% |
| Realized Losses On Derivative Operating | 310 | 522 | -40.6% |
| Change in Accounts Receivable | 1,915 | 2,257 | -15.2% |
| Payments For Commissions | -34,037 | -28,940 | -17.6% |
| Increase Decrease In Other Operating Assets | 249 | 801 | -68.9% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -7,619 | 8,886 | -185.7% |
| Increase Decrease In Security Deposits | 2,771 | -3,075 | +190.1% |
| Increase Decrease In Prepaid Rent | 2,144 | -29,354 | +107.3% |
| Net Cash from Operations | 542,085 | 478,917 | +13.2% |
| Investing Activities | |||
| Payments For Capital Improvements | -333,424 | -373,392 | +10.7% |
| Proceeds From Sale Of Real Estate Heldforinvestment | 208,363 | 41,286 | +404.7% |
| Net Cash from Investing | -125,061 | -1,835,974 | +93.2% |
| Financing Activities | |||
| Proceeds From Issuance Of Common Stock | 477,598 | 649,544 | -26.5% |
| Repayments Of Long Term Debt | -100,973 | -13,402 | -653.4% |
| Payments Of Financing Costs | -9,362 | -4,602 | -103.4% |
| Payments Of Dividends Preferred Stock And Preference Stock | -9,258 | -9,258 | 0.0% |
| Payments Of Dividends Common Stock | -397,497 | -354,226 | -12.2% |
| Payments Of Dividends Minority Interest | -15,118 | -13,725 | -10.1% |
| Distribution Made To Limited Partner Cash Distributions Paid | -651 | -2,346 | +72.3% |
| Share Repurchases | -250,126 | — | — |
| Tax Withholding for Share Compensation | -1,830 | -2,154 | +15.0% |
| Net Cash from Financing | -307,217 | 1,379,584 | -122.3% |
| Supplemental | |||
| Interest Paid | 95,056 | 74,187 | +28.1% |
| Unpaid Capital Expenditures | 38,556 | 68,745 | -43.9% |
| Other Cash Flow | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | 109,807 | 22,527 | +387.4% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 165,778 | 55,971 | +196.2% |
| Dividend Federal Income Tax Treatment Percentage (FY) | — | — | — |
Show Dividends breakouts |
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| O 2025 Q4 Dividends · Common Stock | 79.72 | — | — |
| O 2025 Q4 Dividends · Series B Preferred Stock | 79.72 | — | — |
| O 2025 Q4 Dividends · Series C Preferred Stock | 79.72 | — | — |
| S 2025 Q4 Capital Gain Dividends · Common Stock | 20.28 | — | — |
| S 2025 Q4 Capital Gain Dividends · Series B Preferred Stock | 20.28 | — | — |
| S 2025 Q4 Capital Gain Dividends · Series C Preferred Stock | 20.28 | — | — |
Show Statement Class Of Stock breakouts |
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| Common Stock | 100 | 100 | 0.0% |
| Series B Preferred Stock | 100 | 100 | 0.0% |
| Series C Preferred Stock | 100 | 100 | 0.0% |
Values in thousands USD. Source: SEC EDGAR 10-K filing.