Rexford Industrial Realty, Inc. (REXR)

Rexford Industrial Realty Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	980.38	922.1	791.38	630.58	451.73
Property Management Fees	0.59	0.61	0.68	0.62	0.47
Total Revenue	1,003	936.41	797.83	631.2	452.24
Revenue Growth (YoY	7.13%	17.37%	26.40%	39.57%	36.99%
Property Expenses	227.73	210.26	184.48	150.5	107.72
Selling, General & Administrative	78.86	82.15	75.03	64.26	48.99
Depreciation & Amortization	315.92	275.25	244.51	196.79	151.27
Other Operating Expenses	0.84	2.24	1.63	1.56	0.31
Total Operating Expenses	623.34	569.9	505.65	413.12	308.29
Operating Income	379.79	366.51	292.18	218.08	143.95
Interest Expense	-104.9	-98.6	-61.4	-48.5	-40.14
EBT Excluding Unusual Items	274.89	267.91	230.78	169.59	103.81
Merger & Restructuring Charges	-0.27	-	-	-	-
Gain (Loss) on Sale of Assets	106.03	18.01	19	8.49	33.93
Asset Writedown	-89.1	-	-0.19	-	-0.99
Other Unusual Items	-67.38	-	-	-0.92	-0.51
Pretax Income	219.76	285.93	249.59	177.16	136.25
Earnings From Continuing Operations	219.76	285.93	249.59	177.16	136.25
Minority Interest in Earnings	-7.73	-12.12	-11.58	-9.57	-8.01
Net Income	212.03	273.8	238.02	167.58	128.24
Preferred Dividends & Other Adjustments	11.86	10.94	10.57	10.1	16.48
Net Income to Common	200.17	262.87	227.45	157.48	111.76
Net Income Growth	-22.56%	15.04%	42.03%	30.68%	67.85%
Basic Shares Outstanding	232	218	203	170	139
Diluted Shares Outstanding	233	218	203	171	140
Shares Change (YoY)	6.45%	7.56%	18.79%	22.06%	15.60%
EPS (Basic)	0.86	1.20	1.12	0.92	0.80
EPS (Diluted)	0.86	1.20	1.12	0.92	0.80
EPS Growth	-28.33%	7.14%	21.74%	15.00%	57.62%
Dividend Per Share	1.720	1.670	1.520	1.260	0.960
Dividend Growth	2.99%	9.87%	20.64%	31.25%	11.63%
Operating Margin	37.86%	39.14%	36.62%	34.55%	31.83%
Profit Margin	19.95%	28.07%	28.51%	24.95%	24.71%
EBITDA	671.62	614.1	506.81	383.67	279.78
EBITDA Margin	66.95%	65.58%	63.52%	60.78%	61.87%
D&A For Ebitda	291.83	247.59	214.63	165.59	135.83
EBIT	379.79	366.51	292.18	218.08	143.95
EBIT Margin	37.86%	39.14%	36.62%	34.55%	31.83%
Funds From Operations (FFO)	518.75	543.16	475.1	365.47	253.59
FFO Per Share	2.23	2.49	2.34	-	-
Adjusted Funds From Operations (AFFO)	518.75	543.16	475.1	365.47	253.59
AFFO Per Share	2.23	2.49	2.34	-	-
FFO Payout Ratio	-	67.74%	63.61%	57.59%	51.18%
Revenue as Reported	1,003	936.41	797.83	631.2	452.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q