Rexford Industrial Realty, Inc. (REXR) Income Statement
REXR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsREXR revenue and net income
Where REXR's revenue goes
2025Each bar shows an amount and its share of revenue. REXR kept 21.1% of revenue as net income.
REXR profit margins
REXR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.1% | +16.7% | +24.9% | +26.7% |
| Gross profit | +6.8% | +17.3% | +25.4% | +27.4% |
| Operating income | −40.9% | −3.0% | +12.2% | +21.6% |
| Net income | −22.6% | +8.2% | +22.6% | +60.5% |
| EPS (diluted) | −11.6% | +5.2% | +16.4% | +33.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
REXR quarterly EPS vs estimates
Rexford Industrial Realty beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.60).
REXR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.00B | $936.4M | $797.8M | $631.2M | $452.2M | $330.1M | $267.2M | $212.5M | $161.4M | $126.2M |
| Cost of revenue | $227.7M | $210.3M | $184.5M | $150.5M | $107.7M | $79.7M | $63.3M | $51.7M | $42.1M | $33.6M |
| Gross profit | $775.4M | $726.1M | $613.3M | $480.7M | $344.5M | $250.4M | $203.9M | $160.8M | $119.2M | $92.6M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $78.9M | $82.2M | $75.0M | $64.3M | $49.0M | $36.8M | $30.3M | $25.2M | $21.6M | $17.4M |
| Total operating expenses | $394.8M | $82.2M | $75.0M | $64.3M | $49.0M | $36.8M | $30.3M | $25.2M | $21.6M | $18.4M |
| Operating income | $380.6M | $644.0M | $538.3M | $416.4M | $295.5M | $213.6M | $173.6M | $135.3M | $97.2M | $73.7M |
| Interest income | — | — | — | — | $37,000 | $338,000 | $26.9M | $25.4M | $20.2M | $13.4M |
| Interest expense | $104.9M | $98.6M | $61.4M | $48.5M | $40.1M | $30.8M | $26.9M | $25.4M | $20.2M | $14.8M |
| Income before taxes | $219.8M | $285.9M | $249.6M | $177.2M | $136.2M | $80.9M | $64.0M | $47.1M | $41.7M | $25.9M |
| Income taxes | — | −$23.1M | $101.0M | $48.5M | $46.8M | $35.3M | $28.9M | $18.3M | $21.2M | $17.0M |
| Net income | $212.0M | $273.8M | $238.0M | $167.6M | $128.2M | $76.4M | $62.0M | $46.2M | $40.7M | $25.1M |
| EBITDA | $640.6M | $614.1M | $506.8M | $383.7M | $279.8M | $203.0M | $165.6M | $129.3M | $94.9M | $73.6M |
| EPS (diluted) | $1.07 | $1.21 | $1.12 | $0.92 | $0.80 | $0.50 | $0.47 | $0.27 | $0.08 | $0.18 |
| Gross margin | 77.3% | 77.5% | 76.9% | 76.2% | 76.2% | 75.9% | 76.3% | 75.7% | 73.9% | 73.4% |
| Operating margin | 37.9% | 68.8% | 67.5% | 66.0% | 65.3% | 64.7% | 65.0% | 63.7% | 60.2% | 58.4% |
| Net margin | 21.1% | 29.2% | 29.8% | 26.5% | 28.4% | 23.1% | 23.2% | 21.7% | 25.2% | 19.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $245.5M | $245.1M | $240.7M | $253.2M | $249.5M | $252.3M | $242.9M | $241.8M | $237.6M | $214.1M | $210.4M | $205.4M |
| Cost of revenue | $56.2M | $56.8M | $212.9M | $57.9M | $55.3M | $55.3M | $56.0M | $54.9M | $51.9M | $47.5M | $49.3M | $48.1M |
| Gross profit | $189.3M | $188.3M | $27.8M | $195.4M | $194.2M | $197.0M | $186.9M | $187.0M | $185.7M | $166.6M | $161.2M | $157.3M |
| Sales, general & admin | $13.7M | $14.9M | $19.2M | $20.0M | $19.8M | $19.9M | $21.9M | $20.9M | $19.3M | $20.0M | $20.0M | $18.6M |
| Total operating expenses | $87.2M | $87.9M | −$65.0M | $101.2M | $19.8M | $19.9M | $21.9M | $20.9M | $19.3M | $20.0M | $20.0M | $18.6M |
| Operating income | $102.1M | $100.5M | $92.8M | $94.2M | $174.5M | $177.2M | $164.9M | $166.1M | $166.4M | $146.6M | $141.2M | $138.7M |
| Interest expense | $28.6M | $26.6M | $27.0M | $25.5M | $26.7M | $27.3M | $28.2M | $27.3M | $28.4M | $14.7M | $14.6M | $15.9M |
| Income before taxes | −$506.9M | $94.6M | −$67.7M | $93.1M | $120.4M | $74.0M | $64.9M | $70.7M | $86.0M | $64.3M | $67.3M | $61.8M |
| Income taxes | — | — | — | — | $5.7M | −$5.7M | — | $10.8M | $4.0M | $3.3M | $25.3M | $25.5M |
| Net income | −$506.9M | $91.2M | −$65.4M | $89.9M | $116.3M | $71.2M | $62.2M | $67.8M | $82.5M | $61.4M | $64.4M | $59.0M |
| EBITDA | −$425.6M | $194.1M | $36.0M | $188.5M | $168.6M | $165.7M | $158.8M | $165.6M | $158.8M | $137.6M | $132.7M | $130.9M |
| EPS (diluted) | $0.63 | $0.30 | $0.29 | $0.25 | $0.29 | $0.24 | $0.27 | $0.30 | $0.37 | $0.27 | $0.29 | $0.27 |
| Gross margin | 77.1% | 76.8% | 11.5% | 77.1% | 77.8% | 78.1% | 76.9% | 77.3% | 78.2% | 77.8% | 76.6% | 76.6% |
| Operating margin | 41.6% | 41.0% | 38.6% | 37.2% | 69.9% | 70.2% | 67.9% | 68.7% | 70.0% | 68.5% | 67.1% | 67.5% |
| Net margin | −206.5% | 37.2% | −27.2% | 35.5% | 46.6% | 28.2% | 25.6% | 28.0% | 34.7% | 28.7% | 30.6% | 28.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in REXR's financial statements (latest annual report filed February 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
REXR financial results
In fiscal year 2025 (ended December 31, 2025), Rexford Industrial Realty reported revenue of $1.0 billion, up 7.1% from the year before. It had net income of $212.0 million (down 22.6%), a net profit margin of 21.1%. Diluted earnings per share came to $1.07. Over five years revenue grew at an average rate of 24.9% a year.
See the REXR stock overview for the latest quote and news, or the REXR chart for price history and technical indicators.
REXR income statement FAQ
What is Rexford Industrial Realty's annual revenue?
Rexford Industrial Realty reported total revenue of $1.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.1% from $936.4 million the previous year.
Is Rexford Industrial Realty profitable?
Yes. Rexford Industrial Realty reported net income of $212.0 million in fiscal 2025, a net profit margin of 21.1%; its operating margin was 37.9%.
What is Rexford Industrial Realty's gross margin?
Rexford Industrial Realty's gross margin was 77.3% in fiscal 2025: for every $100 of revenue, Rexford Industrial Realty kept $77 after the direct cost of its products and services.
How fast is Rexford Industrial Realty growing?
Revenue grew 24.9% a year on average over the last five fiscal years, from $330.1 million to $1.0 billion.
What are Rexford Industrial Realty's earnings per share?
Rexford Industrial Realty earned $1.07 per diluted share in fiscal 2025, compared with $1.21 a year earlier.
When will Rexford Industrial Realty report its next earnings?
Rexford Industrial Realty is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Rexford Industrial Realty's fiscal year end?
Rexford Industrial Realty's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 11, 2026.