REXR on NYSE
Rexford Industrial Realty
Industrial real estate firm in Southern California.1
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with American Strategic Investment Co., CareTrust REIT, Inc. or Wheeler Real Estate Investment Trust, Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of operating cash went, fiscal 2025
- Dividends paid61¢$397.5M
- Share buybacks39¢$250.1M
Out of $542.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental income | $980.4M | $922.1M | $791.4M |
| Management and leasing services | $589.0K | $611.0K | $682.0K |
| Interest income | $22.2M | $13.7M | $5.8M |
| TOTAL REVENUES | $1.0B | $936.4M | $797.8M |
| Property expenses | $227.7M | $210.3M | $184.5M |
| General and administrative | $78.9M | $82.2M | $75.0M |
| Depreciation and amortization | $315.9M | $275.2M | $244.5M |
| TOTAL OPERATING EXPENSES | $622.5M | $567.7M | $504.0M |
| Other expenses | $72.6M | $2.2M | $1.8M |
| Interest expense | $104.9M | $98.6M | $61.4M |
| TOTAL OTHER EXPENSES | $177.5M | $100.8M | $63.2M |
| TOTAL EXPENSES | $800.0M | $668.5M | $567.2M |
| Impairment of real estate | -$89.1M | $0 | $0 |
| Debt extinguishment and modification expenses | -$291.0K | $0 | $0 |
| Gains on sale of real estate | $106.0M | $18.0M | $19.0M |
| NET INCOME | $219.8M | $285.9M | $249.6M |
| Less: net income attributable to noncontrolling interests | -$7.7M | -$12.1M | -$11.6M |
| NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC. | $212.0M | $273.8M | $238.0M |
| Less: preferred stock dividends | -$9.3M | -$9.3M | -$9.3M |
| Less: earnings allocated to participating securities | -$2.6M | -$1.7M | -$1.3M |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $200.2M | $262.9M | $227.4M |
| Net income attributable to common stockholders per share - basic (in dollars per share) | $0.86 | $1.20 | $1.12 |
| Net income attributable to common stockholders per share - diluted (in dollars per share) | $0.86 | $1.20 | $1.12 |
| Weighted average shares of common stock outstanding - basic (in shares) | 232.5M shares | 218.3M shares | 202.9M shares |
| Weighted average shares of common stock outstanding - diluted (in shares) | 232.6M shares | 218.5M shares | 203.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $7.7B | $7.8B | ||
| Buildings and improvements | $4.7B | $4.6B | ||
| Tenant improvements | $198.2M | $188.2M | ||
| Furniture, fixtures, and equipment | $132.0K | $132.0K | ||
| Construction in progress | $451.1M | $333.7M | ||
| Total real estate held for investment | $13.0B | $13.0B | $11.2B | $9.5B |
| Accumulated depreciation | -$1.2B | -$977.1M | ||
| Investments in real estate, net | $11.9B | $12.0B | ||
| Cash and cash equivalents | $165.8M | $56.0M | ||
| Loan receivable, net | $123.7M | $123.2M | ||
| Rents and other receivables, net | $14.0M | $15.8M | ||
| Deferred rent receivable, net | $190.4M | $161.7M | ||
| Deferred leasing costs, net | $87.7M | $67.8M | ||
| Deferred loan costs, net | $6.9M | $2.0M | ||
| Acquired lease intangible assets, net | $140.6M | $201.5M | ||
| Acquired indefinite-lived intangible asset | $5.2M | $5.2M | ||
| Interest rate swap assets | $2.0M | $8.9M | ||
| Other assets | $25.6M | $27.0M | ||
| Total Assets | $12.6B | $12.6B | ||
| Notes payable | $3.3B | $3.3B | ||
| Interest rate swap liability | $829.0K | $0 | ||
| Accounts payable, accrued expenses and other liabilities | $120.8M | $149.7M | ||
| Dividends and distributions payable | $103.4M | $97.8M | $83.7M | |
| Acquired lease intangible liabilities, net | $116.5M | $147.5M | ||
| Tenant security deposits | $92.4M | $90.7M | ||
| Tenant prepaid rents | $88.8M | $90.6M | ||
| Total Liabilities | $3.8B | $3.9B | ||
| Common Stock, $0.01 par value per share, 489,950,000 authorized and 231,580,135 and 225,285,011 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $2.3M | $2.3M | ||
| Additional paid-in capital | $8.9B | $8.6B | ||
| Cumulative distributions in excess of earnings | -$642.1M | -$441.9M | ||
| Accumulated other comprehensive (loss) income | -$422.0K | $6.7M | ||
| Total stockholders equity | $8.5B | $8.3B | ||
| Noncontrolling interests | $377.5M | $401.9M | ||
| Total Equity | $8.8B | $8.7B | $8.1B | $6.9B |
| Total Liabilities and Equity | $12.6B | $12.6B | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Shares authorized (shares) | 10.1M shares | 10.1M shares | ||
| Shares outstanding (shares) | 6.5M shares | 6.5M shares | ||
| Liquidation Preference | $161.2M | $161.2M | ||
| Common Stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (shares) | 489.9M shares | 489.9M shares | ||
| Common stock, shares outstanding (shares) | 231.6M shares | 225.3M shares | ||
| Common stock, shares issued (shares) | 231.6M shares | 225.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $7.7B | $7.8B | ||
| Buildings and improvements | $4.7B | $4.6B | ||
| Tenant improvements | $198.2M | $188.2M | ||
| Furniture, fixtures, and equipment | $132.0K | $132.0K | ||
| Construction in progress | $451.1M | $333.7M | ||
| Total real estate held for investment | $13.0B | $13.0B | $11.2B | $9.5B |
| Accumulated depreciation | -$1.2B | -$977.1M | ||
| Investments in real estate, net | $11.9B | $12.0B | ||
| Cash and cash equivalents | $165.8M | $56.0M | ||
| Loan receivable, net | $123.7M | $123.2M | ||
| Rents and other receivables, net | $14.0M | $15.8M | ||
| Deferred rent receivable, net | $190.4M | $161.7M | ||
| Deferred leasing costs, net | $87.7M | $67.8M | ||
| Deferred loan costs, net | $6.9M | $2.0M | ||
| Acquired lease intangible assets, net | $140.6M | $201.5M | ||
| Acquired indefinite-lived intangible asset | $5.2M | $5.2M | ||
| Interest rate swap assets | $2.0M | $8.9M | ||
| Other assets | $25.6M | $27.0M | ||
| Total Assets | $12.6B | $12.6B | ||
| Notes payable | $3.3B | $3.3B | ||
| Interest rate swap liability | $829.0K | $0 | ||
| Accounts payable, accrued expenses and other liabilities | $120.8M | $149.7M | ||
| Dividends and distributions payable | $103.4M | $97.8M | $83.7M | |
| Acquired lease intangible liabilities, net | $116.5M | $147.5M | ||
| Tenant security deposits | $92.4M | $90.7M | ||
| Tenant prepaid rents | $88.8M | $90.6M | ||
| Total Liabilities | $3.8B | $3.9B | ||
| Common Stock, $0.01 par value per share, 489,950,000 authorized and 231,580,135 and 225,285,011 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $2.3M | $2.3M | ||
| Additional paid-in capital | $8.9B | $8.6B | ||
| Cumulative distributions in excess of earnings | -$642.1M | -$441.9M | ||
| Accumulated other comprehensive (loss) income | -$422.0K | $6.7M | ||
| Total stockholders equity | $8.5B | $8.3B | ||
| Noncontrolling interests | $377.5M | $401.9M | ||
| Total Equity | $8.8B | $8.7B | $8.1B | $6.9B |
| Total Liabilities and Equity | $12.6B | $12.6B | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Shares authorized (shares) | 10.1M shares | 10.1M shares | ||
| Shares outstanding (shares) | 6.5M shares | 6.5M shares | ||
| Liquidation Preference | $161.2M | $161.2M | ||
| Common Stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (shares) | 489.9M shares | 489.9M shares | ||
| Common stock, shares outstanding (shares) | 231.6M shares | 225.3M shares | ||
| Common stock, shares issued (shares) | 231.6M shares | 225.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $219.8M | $285.9M | $249.6M |
| Depreciation and amortization | $315.9M | $275.2M | $244.5M |
| Amortization of net (below) above market lease intangibles and other deferred rent on certain below-market leases | -$24.4M | -$27.7M | -$29.9M |
| Accretion of net loan origination fees and costs | -$460.0K | -$460.0K | -$84.0K |
| Impairment of right-of-use asset | $0 | $0 | $188.0K |
| Loss on debt extinguishment | $200.0K | $0 | $0 |
| Impairment of real estate | $89.1M | $0 | $0 |
| Gains on sale of real estate | -$106.0M | -$18.0M | -$19.0M |
| Amortization of debt issuance costs | $5.1M | $4.8M | $3.9M |
| Amortization of discount/(premium) on notes payable, net | $6.4M | $4.8M | $688.0K |
| Share-based compensation | $100.5M | $41.6M | $33.6M |
| Straight-line rent | -$29.7M | -$38.4M | -$36.6M |
| Payments for termination/settlement of interest rate derivatives | $0 | $0 | -$161.0K |
| Amortization related to termination/settlement of interest rate derivatives | $310.0K | $522.0K | $540.0K |
| Rents and other receivables | $1.9M | $2.3M | -$2.2M |
| Deferred leasing costs | -$34.0M | -$28.9M | -$25.8M |
| Other assets | $249.0K | $801.0K | -$1.1M |
| Accounts payable, accrued expenses and other liabilities | -$7.6M | $8.9M | $4.7M |
| Tenant security deposits | $2.8M | -$3.1M | $3.5M |
| Tenant prepaid rents | $2.1M | -$29.4M | $1.3M |
| Net cash provided by operating activities | $542.1M | $478.9M | $427.5M |
| Acquisition of investments in real estate | $0 | -$1.5B | -$1.3B |
| Issuance of loan receivable, net | $0 | $0 | -$122.7M |
| Capital expenditures | -$333.4M | -$373.4M | -$266.6M |
| Return of (payment for) deposits on real estate acquisitions, net | $0 | $2.1M | -$2.1M |
| Proceeds from sale of real estate | $208.4M | $41.3M | $27.0M |
| Net cash used in investing activities | -$125.1M | -$1.8B | -$1.7B |
| Issuance of common stock, net | $477.6M | $649.5M | $1.3B |
| Proceeds from borrowings | $0 | $1.1B | $646.9M |
| Repayment of borrowings | -$101.0M | -$13.4M | -$357.5M |
| Payment of debt issuance costs | -$9.4M | -$4.6M | -$3.0M |
| Redemption of private REIT preferred units | $0 | -$122.0K | $0 |
| Dividends paid to preferred stockholders | -$9.3M | -$9.3M | -$9.3M |
| Dividends paid to common stockholders | -$397.5M | -$354.2M | -$290.7M |
| Distributions paid to common unitholders | -$15.1M | -$13.7M | -$11.5M |
| Distributions paid to preferred unitholders | -$651.0K | -$2.3M | -$3.2M |
| Repurchase of common stock under stock repurchase programs | -$250.1M | $0 | $0 |
| Repurchase of common shares to satisfy employee tax withholding requirements | -$1.8M | -$2.2M | -$1.9M |
| Net cash (used in) provided by financing activities | -$307.2M | $1.4B | $1.2B |
| Increase (decrease) in cash, cash equivalents and restricted cash | $109.8M | $22.5M | -$3.3M |
| Cash paid for interest (net of capitalized interest of $35,335, $31,363 and $23,611 for the years December 31, 2025, 2024 and 2023, respectively) | $95.1M | $74.2M | $54.6M |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | $0 | $2.1M | $0 |
| Accrual for capital expenditures | $38.6M | $68.7M | $55.3M |
| Interest costs capitalized | $35.3M | $31.4M | $23.6M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Rexford Industrial Realty, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerHoward Schwimmer Jul 18, 2013 to now12
- PresidentHoward Schwimmer Jul 18, 2013 to now12
- Chief financial officerMichael Fitzmaurice Nov 19, 2024 to now13
- Chief financial officerAdeel Khan Jul 18, 2013 to Mar 2, 202014
- Chief operating officerJohn Nahas Apr 10, 2026 to now15
Board members and other officers (15)
- OfficerHoward Schwimmer Dec 11, 2013 to Dec 11, 201316
- Board memberDavid P. Stockert Jan 5, 2026 to now17
- Board memberAngela L. Kleiman Jan 4, 2022 to now18
- Board memberDebra L. Morris Jan 5, 2021 to now19
- Board memberDiana J. Ingram Apr 27, 2018 to now20
- Board memberTyler H. Rose Feb 25, 2015 to now21
- Board memberPeter E. Schwab Mar 7, 2014 to Jun 22, 202122
- Board memberHoward Schwimmer Jul 18, 2013 to now12
- Board memberJoel S. Marcus Jul 18, 2013 to Jun 3, 201423
- Board memberLeslie E. Bider Jul 18, 2013 to Oct 30, 201324
- Board memberRichard S. Ziman Jul 18, 2013 to now25
- Board memberRobert L. Antin Jul 18, 2013 to now26
- Board memberSteven C. Good Jul 18, 2013 to May 28, 202027
- General counselDavid E. Lanzer Apr 6, 2016 to now28
- General counselJonathan Abrams Dec 2, 2013 to Apr 16, 201429
Former names
- Rexford Industrial, Inc.Mar 7, 2013 to Apr 17, 20133
Timeline
Filings
291 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 55 major events, 134 insider forms, 36 large holders, 46 other. The latest 20:
- Sep 17, 20268-K EDGAR
- Aug 18, 20268-K EDGAR
- Aug 12, 2026SCHEDULE 13G/A EDGAR
- Jul 30, 2026S-8 EDGAR
- Jul 28, 202610-Q EDGAR
- Jul 23, 20268-K EDGAR
- Jul 2, 2026144 EDGAR
- Jun 16, 20264 EDGAR
- Jun 10, 2026144 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20268-K EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 14, 2026SCHEDULE 13G/A EDGAR
- May 4, 2026SCHEDULE 13G EDGAR
- Apr 30, 2026SCHEDULE 13G EDGAR
The 291 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 36 such filings since October 2021, the latest 10:
- Aug 12, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13G/A
- May 14, 2026SCHEDULE 13G/A
- May 4, 2026SCHEDULE 13G
- Apr 30, 2026SCHEDULE 13G
- Apr 29, 2026SCHEDULE 13G
- Mar 27, 2026SCHEDULE 13G/A
- Feb 9, 2026SCHEDULE 13G
- Aug 14, 2025SCHEDULE 13G/A
- Aug 11, 2025SCHEDULE 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 38,602,017 | $1.3B | 0.0% | −16,892 |
| Vanguard Portfolio Management LLC | 19,593,447 | $656.4M | 0.0% | −254,691 |
| Capital International Investors | 11,689,069 | $391.7M | 0.1% | −2,779,973 |
| State Street Corp | 10,886,395 | $369.3M | 0.0% | −390,681 |
| Principal Financial Group Inc | 11,004,961 | $368.7M | 0.2% | −465,802 |
| Vanguard Capital Management LLC | 10,194,439 | $341.5M | 0.0% | −152,365 |
| Massachusetts Financial Services Co /ma/ | 6,415,162 | $223.1M | 0.1% | +1,193,137 |
| Geode Capital Management, LLC | 4,801,260 | $160.9M | 0.0% | −88,895 |
| Jpmorgan Chase & Co | 4,612,474 | $158.1M | 0.0% | +1,794,866 |
| Charles Schwab Investment Management Inc | 3,568,745 | $119.6M | 0.0% | +103,084 |
| Northern Trust Corp | 3,412,725 | $114.3M | 0.0% | +81,274 |
| Dimensional Fund Advisors LP | 3,307,189 | $110.8M | 0.0% | −274,798 |
| Lasalle Investment Management Securities LLC | 2,897,201 | $97.1M | 3.5% | +1,916,529 |
| Norges Bank | 2,732,602 | $91.5M | 0.0% | New |
| Centersquare Investment Management LLC | 2,728,032 | $91.4M | 0.8% | +255,108 |
| Legal & General Group Plc | 2,592,871 | $86.9M | 0.0% | −25,503 |
| Morgan Stanley | 2,502,984 | $83.9M | 0.0% | −47,866 |
| Royal London Asset Management Ltd | 2,411,477 | $80.8M | 0.1% | −5,648 |
| Bank Of America Corp /de/ | 2,374,523 | $79.5M | 0.0% | +220,462 |
| Citadel Advisors LLC | 2,318,740 | $77.7M | 0.0% | +683,859 |
| Sumitomo Mitsui Trust Group, Inc. | 2,090,881 | $70.0M | 0.0% | +834,986 |
| Wellington Management Group Llp | 2,082,135 | $69.8M | 0.0% | −649,490 |
| Jupiter Asset Management Ltd | 2,031,217 | $68.0M | 0.3% | +242,940 |
| Nuveen, LLC | 1,955,749 | $65.5M | 0.0% | −357,383 |
| GRS Advisors, LLC | 1,849,516 | $62.0M | 5.2% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Feb 26, 2025 | Daniel WebsterRepublican, House | Sale | $15,001 - $50,000 | +38.4% | Report |
| Jun 24, 2019 | Donna Shalala, House | Sale | $1,001 - $15,000 | +172.0% | Report |
| Apr 30, 2019 | Donna Shalala, House | Buy | $1,001 - $15,000 | −164.9% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Links
- Websitewww.rexfordindustrial.com1
- WikidataQ106295069
- SEC EDGARCIK 1571283
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14SEC EDGARAdeel Khan, Chief financial officer
- 15SEC EDGARJohn Nahas, Chief operating officer
- 16SEC EDGARHoward Schwimmer, Officer
- 17SEC EDGARDavid P. Stockert, Board member
- 18SEC EDGARAngela L. Kleiman, Board member
- 19SEC EDGARDebra L. Morris, Board member
- 20SEC EDGARDiana J. Ingram, Board member
- 21SEC EDGARTyler H. Rose, Board member
- 22SEC EDGARPeter E. Schwab, Board member
- 23SEC EDGARJoel S. Marcus, Board member
- 24SEC EDGARLeslie E. Bider, Board member
- 25SEC EDGARRichard S. Ziman, Board member
- 26SEC EDGARRobert L. Antin, Board member
- 27SEC EDGARSteven C. Good, Board member
- 28SEC EDGARDavid E. Lanzer, General counsel
- 29SEC EDGARJonathan Abrams, General counsel
- 30