Tearsheet

Rexford Industrial Realty (REXR)


Market Price (12/29/2025): $39.46 | Market Cap: $9.3 Bil
Sector: Real Estate | Industry: Industrial REITs

Rexford Industrial Realty (REXR)


Market Price (12/29/2025): $39.46
Market Cap: $9.3 Bil
Sector: Real Estate
Industry: Industrial REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.0%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.9%
Weak multi-year price returns
2Y Excs Rtn is -69%, 3Y Excs Rtn is -99%
Key risks
REXR key risks include [1] its singular portfolio concentration in the Southern California market, Show more.
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21%
  
2 Low stock price volatility
Vol 12M is 28%
  
3 Megatrend and thematic drivers
Megatrends include E-commerce Logistics & Data Centers, E-commerce & DTC Adoption, and Sustainable & Green Buildings. Themes include E-commerce Logistics REITs, Show more.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.0%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.9%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21%
2 Low stock price volatility
Vol 12M is 28%
3 Megatrend and thematic drivers
Megatrends include E-commerce Logistics & Data Centers, E-commerce & DTC Adoption, and Sustainable & Green Buildings. Themes include E-commerce Logistics REITs, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -69%, 3Y Excs Rtn is -99%
5 Key risks
REXR key risks include [1] its singular portfolio concentration in the Southern California market, Show more.

Valuation, Metrics & Events

REXR Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Here are key points explaining the approximate -3.8% stock movement for Rexford Industrial Realty (REXR) from August 31, 2025, to December 29, 2025:

1. Mixed Third Quarter 2025 Earnings Report: While Rexford Industrial Realty surpassed earnings per share (EPS) estimates in its October 15, 2025, report, its revenue slightly missed analyst expectations, which led to a 2.2% decline in the stock price during after-hours trading.

2. Ongoing Market Headwinds and Occupancy Concerns: Analyst commentary following the third-quarter earnings highlighted continued "macro uncertainty, market softness, and potential occupancy declines" as factors limiting near-term upside for REXR. Additionally, "negative market-to-market rent growth" in its Southern California infill markets was noted as a persistent challenge.

Show more

Stock Movement Drivers

Fundamental Drivers

The -5.1% change in REXR stock from 9/28/2025 to 12/28/2025 was primarily driven by a -11.9% change in the company's P/E Multiple.
928202512282025Change
Stock Price ($)41.5839.44-5.15%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)986.53997.931.16%
Net Income Margin (%)32.18%34.03%5.75%
P/E Multiple30.9227.24-11.90%
Shares Outstanding (Mil)236.10234.590.64%
Cumulative Contribution-5.15%

LTM = Last Twelve Months as of date shown

Market Drivers

9/28/2025 to 12/28/2025
ReturnCorrelation
REXR-5.1% 
Market (SPY)4.3%37.1%
Sector (XLRE)-3.2%60.7%

Fundamental Drivers

The 11.3% change in REXR stock from 6/29/2025 to 12/28/2025 was primarily driven by a 16.9% change in the company's Net Income Margin (%).
629202512282025Change
Stock Price ($)35.4339.4411.32%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)974.60997.932.39%
Net Income Margin (%)29.10%34.03%16.95%
P/E Multiple28.4027.24-4.10%
Shares Outstanding (Mil)227.40234.59-3.16%
Cumulative Contribution11.21%

LTM = Last Twelve Months as of date shown

Market Drivers

6/29/2025 to 12/28/2025
ReturnCorrelation
REXR11.3% 
Market (SPY)12.6%32.3%
Sector (XLRE)-0.7%67.4%

Fundamental Drivers

The 6.5% change in REXR stock from 12/28/2024 to 12/28/2025 was primarily driven by a 11.5% change in the company's Net Income Margin (%).
1228202412282025Change
Stock Price ($)37.0439.446.49%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)903.94997.9310.40%
Net Income Margin (%)30.53%34.03%11.48%
P/E Multiple29.3627.24-7.22%
Shares Outstanding (Mil)218.76234.59-7.23%
Cumulative Contribution5.93%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2024 to 12/28/2025
ReturnCorrelation
REXR6.5% 
Market (SPY)17.0%59.3%
Sector (XLRE)2.3%73.7%

Fundamental Drivers

The -20.7% change in REXR stock from 12/29/2022 to 12/28/2025 was primarily driven by a -48.5% change in the company's P/E Multiple.
1229202212282025Change
Stock Price ($)49.7239.44-20.67%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)585.33997.9370.49%
Net Income Margin (%)27.60%34.03%23.32%
P/E Multiple52.9127.24-48.52%
Shares Outstanding (Mil)171.91234.59-36.46%
Cumulative Contribution-31.22%

LTM = Last Twelve Months as of date shown

Market Drivers

12/29/2023 to 12/28/2025
ReturnCorrelation
REXR-24.6% 
Market (SPY)48.4%50.7%
Sector (XLRE)7.1%70.8%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
REXR Return10%68%-31%6%-28%6%2%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
REXR Win Rate58%67%42%33%25%75% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
REXR Max Drawdown-26%-5%-38%-22%-31%-17% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See REXR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventREXRS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-50.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven101.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-36.4%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven57.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven389 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-16.2%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven19.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven85 days120 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Rexford Industrial Realty's stock fell -50.3% during the 2022 Inflation Shock from a high on 4/20/2022. A -50.3% loss requires a 101.3% gain to breakeven.

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About Rexford Industrial Realty (REXR)

Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

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Here are 1-2 brief analogies for Rexford Industrial Realty (REXR):
  • Prologis, but exclusively focused on high-demand Southern California industrial properties.
  • American Tower, but for industrial warehouses in Southern California.

AI Analysis | Feedback

  • Leasing of Industrial Properties: Provides modern industrial real estate, such as warehouses, distribution centers, and manufacturing facilities, for businesses to lease.

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Rexford Industrial Realty (REXR) is a Real Estate Investment Trust (REIT) that owns and operates industrial properties, primarily in Southern California. As such, its customers are other companies that lease industrial space for their business operations, rather than individuals.

Rexford maintains a highly diversified tenant base, serving approximately 2,400 customers. According to its public filings (e.g., 2023 10-K and investor presentations), no single customer accounts for more than 0.9% of its total portfolio revenues. Furthermore, its top 25 customers collectively represent only 15.6% of its total portfolio revenues.

Due to this extensive diversification and lack of significant revenue concentration from any single entity, Rexford Industrial Realty does not have "major customers" in the traditional sense. Therefore, specific names of major customer companies are not publicly disclosed by Rexford, as none meet a threshold to be individually identified as "major" to the company's financial performance.

Its customer base consists of businesses across a wide range of industries that require industrial space for purposes such as:

  • Logistics and distribution
  • E-commerce fulfillment
  • Light manufacturing and production
  • Research and development (R&D)
  • Last-mile delivery operations
  • Creative and entertainment uses

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Howard Schwimmer, Co-Chief Executive Officer and Director
Mr. Schwimmer co-founded Rexford's predecessor business in 2001 and has served as Co-Chief Executive Officer and a Director of Rexford Industrial Realty since its formation in January 2013. He brings over 40 years of specialized experience in Southern California infill industrial real estate, with deep expertise across acquisition, repositioning, leasing, operations, and strategic planning. Prior to co-founding Rexford, he served in senior executive roles at DAUM Commercial Real Estate, one of California's oldest industrial brokerage firms. He has extensive experience in the formation and governance of both private and public real estate investment entities.

Michael S. Frankel, Co-Chief Executive Officer and Director
Mr. Frankel has served as Co-Chief Executive Officer and a Director of Rexford Industrial Realty since July 2013, having joined Rexford's predecessor business in May 2005 as Chief Financial Officer. His career spans real estate investment, private equity investments, and senior management operating roles. He was previously responsible for investments at the private equity firm 'C3,' a subsidiary of Comcast Corporation. Mr. Frankel also served with L.E.K. Consulting, providing strategic advisory services, and began his career as Vice President at Melchers & Co., overseeing U.S.-Asia operations.

Michael Fitzmaurice, Chief Financial Officer
Mr. Fitzmaurice was appointed Chief Financial Officer of Rexford Industrial Realty, effective November 18, 2024, bringing 25 years of experience in the public REIT sector. He most recently served as Executive Vice President, CFO of RPT Realty, where he joined in 2018 and played a key role in its successful merger with Kimco Realty in January 2024. Prior to RPT Realty, Mr. Fitzmaurice was Vice President and then Senior Vice President of Finance for Retail Properties of America, Inc. from 2012 to 2018. Earlier in his career, he held positions of increasing responsibility at General Growth Properties and Equity Office Properties.

Laura Clark, Chief Operating Officer
Ms. Clark serves as Rexford Industrial's Chief Operating Officer, a role she assumed in November 2024, after previously holding the position of Chief Financial Officer from August 2020 to November 2024. She has 22 years of finance, accounting, real estate, and operations experience. From 2017 until July 2020, Ms. Clark was Senior Vice President, Capital Markets at Regency Centers, a publicly traded retail REIT, where she also previously served as Vice President, Financial Services since 2012. Her prior experience includes roles in institutional sales and equity research at Green Street Advisors, and serving as Vice President at Iron Tree Capital and Inland Capital Markets Group.

Richard Ziman, Co-Founder and Chairman
Mr. Ziman is a Co-Founder and Chairman of Rexford Industrial Realty. He has over 40 years of experience in the Southern California industrial real estate market. Mr. Ziman was also the co-founder, Chairman, and CEO of Arden Realty Inc., which was the largest owner of office space in Southern California until its $5 billion merger with General Electric. His background also includes serving with the law firm Loeb & Loeb, and being the founder and managing general partner of Pacific Financial Group Inc. and founding chairman of AVP Advisors.

AI Analysis | Feedback

The key risks to Rexford Industrial Realty (REXR) primarily stem from its concentrated market exposure and the broader economic environment impacting real estate investment trusts.

  1. Geographic Concentration in Southern California: Rexford Industrial Realty's portfolio is heavily concentrated in the Southern California infill industrial market. This geographic focus, while historically a strength, makes the company particularly vulnerable to regional economic downturns, market-specific supply and demand imbalances, and local regulatory changes. Any softening of the Southern California market could significantly impact the company's performance, affecting occupancy rates, rental growth, and overall revenue.
  2. Interest Rate Sensitivity and Cost of Capital: As a real estate investment trust (REIT), REXR is sensitive to fluctuations in interest rates. Rising interest rates can lead to increased borrowing costs for acquiring new properties, refinancing existing debt, and funding development projects, which can negatively impact profitability and growth prospects. Steady or rising interest rates could also limit the company's ability to refinance debt on favorable terms or reduce the amount third parties are willing to pay for its assets, affecting capital recycling.
  3. Softening Industrial Market and Supply-Demand Imbalance: The broader industrial real estate sector, including the Southern California market, has shown signs of softening demand, increasing vacancy rates, and an overhang of new supply. This heightened supply-demand imbalance could make it challenging for Rexford Industrial Realty to maintain historical occupancy levels, achieve targeted rental rate growth, and meet leasing spread targets, ultimately pressuring rental income and overall financial performance.

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Rexford Industrial Realty (REXR) focuses on owning, operating, and redeveloping industrial properties within infill Southern California, a region characterized by high demand and limited supply. The company's main products and services are industrial real estate assets, including warehouses, logistics facilities, and light manufacturing spaces. The addressable market for these products and services is Southern California. Key components of this market can be sized as follows:
  • In Los Angeles County, the industrial market spans over 902.1 million square feet.
  • The Inland Empire industrial market totals 742.9 million square feet.
These figures represent a significant portion of Rexford Industrial Realty's addressable market within Southern California.

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Rexford Industrial Realty (REXR) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

  • Strong Leasing Activity and Rental Rate Growth: The company has consistently demonstrated its ability to achieve significant increases in rental rates on new and renewal leases. For example, comparable rental rates increased by 23.8% on a net effective basis in Q1 2025 and 26.1% in Q3 2025, indicating strong pricing power and demand for its industrial properties in Southern California infill markets.
  • Value-Add Repositioning and Redevelopment Projects: Rexford Industrial actively enhances its asset value through strategic repositioning and redevelopment initiatives. In 2024, the company stabilized ten repositioning and redevelopment projects, demonstrating its capability to deliver substantial unlevered stabilized yields. These projects are anticipated to contribute to higher growth in 2025 and 2026.
  • Strategic Acquisitions in Infill Southern California Markets: Rexford's core strategy involves acquiring industrial properties within the supply-constrained Southern California infill markets, which are characterized by high demand and limited new supply. This focused acquisition approach allows the company to capitalize on favorable market conditions and expand its high-quality portfolio.
  • High Occupancy Rates and Tenant Retention: The company maintains consistently high same-property occupancy rates, reaching 96.8% in Q3 2025, coupled with healthy tenant retention levels. This strong occupancy and stable tenant base ensure a consistent and growing stream of rental income.
  • Sustainability Initiatives and Technology Integration: Rexford is focused on integrating smart building solutions and digital marketing strategies, alongside a strong commitment to sustainability. The company plans to increase its installed or committed solar capacity to over 60 MW by 2028 from 29 MW in 2024. These efforts enhance operational efficiency, tenant satisfaction, and can attract tenants prioritizing environmentally responsible properties, thereby supporting revenue growth.

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Share Repurchases

  • Rexford Industrial Realty authorized a new share repurchase program of up to $500 million in October 2025, valid through September 2027.
  • In the third quarter of 2025, the company repurchased $150.0 million of common stock, including $100.01 million (2,697,100 shares) between July and August, and an additional $50 million (1,186,745 shares) in September.
  • These share repurchases were funded by proceeds from dispositions.

Share Issuance

  • In November 2020, Rexford Industrial Realty issued Operating Partnership (OP) Units as part of the funding for a $339.2 million acquisition of industrial properties. These OP Units are redeemable for shares of the company's common stock.
  • Over the past decade, Rexford has significantly increased its outstanding shares, with a compound annual growth rate of approximately 19.3%.

Inbound Investments

  • As of November 2025, Elliott Investment Management acquired a substantial stake in Rexford Industrial Realty, making it one of the company's top five investors.

Outbound Investments

  • In November 2020, Rexford Industrial acquired a four-building industrial complex and a three-tenant industrial property for $339.2 million, demonstrating its focus on strategic property acquisitions in Southern California infill markets.
  • The company's core strategy involves investing in, operating, and redeveloping industrial properties throughout infill Southern California to create value.

Capital Expenditures

  • Rexford Industrial focuses capital expenditures on repositioning and redevelopment projects within its infill Southern California portfolio.
  • In the third quarter of 2025, the company stabilized seven repositioning and redevelopment projects totaling 586,435 square feet, representing a total investment of $270.6 million.
  • Year-to-date in 2025, repositioning and redevelopment leasing activity encompassed 1.5 million square feet across 20 leases, with projected annualized net operating income (NOI) from such projects reaching $65 million as of Q3 2025.

Better Bets than Rexford Industrial Realty (REXR)

Trade Ideas

Select ideas related to REXR. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-0.1%-0.1%-5.8%

Recent Active Movers

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Peer Comparisons for Rexford Industrial Realty

Peers to compare with:

Financials

REXRHPQHPEIBMCSCOAAPLMedian
NameRexford .HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price39.4423.2624.49305.0978.16273.4058.80
Mkt Cap9.321.932.6284.9309.24,074.4158.8
Rev LTM99855,29534,29665,40257,696408,62556,496
Op Inc LTM3813,6241,64411,54412,991130,2147,584
FCF LTM2072,80062711,85412,73396,1847,327
FCF 3Y Avg1562,9781,40011,75313,879100,5037,366
CFO LTM5473,6972,91913,48313,744108,5658,590
CFO 3Y Avg4683,6723,89613,49814,736111,5598,697

Growth & Margins

REXRHPQHPEIBMCSCOAAPLMedian
NameRexford .HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM10.4%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg19.8%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q4.7%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM1.2%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM38.2%6.6%4.8%17.7%22.5%31.9%20.1%
Op Mgn 3Y Avg37.8%7.4%7.2%16.4%24.2%30.8%20.3%
QoQ Delta Op Mgn LTM-0.7%-0.2%-1.4%0.6%0.4%0.1%-0.1%
CFO/Rev LTM54.8%6.7%8.5%20.6%23.8%26.6%22.2%
CFO/Rev 3Y Avg52.4%6.8%12.7%21.4%26.1%28.4%23.8%
FCF/Rev LTM20.7%5.1%1.8%18.1%22.1%23.5%19.4%
FCF/Rev 3Y Avg17.6%5.5%4.6%18.6%24.6%25.6%18.1%

Valuation

REXRHPQHPEIBMCSCOAAPLMedian
NameRexford .HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap9.321.932.6284.9309.24,074.4158.8
P/S9.30.41.04.45.410.04.9
P/EBIT20.16.819.925.122.531.321.3
P/E27.28.6572.736.029.941.033.0
P/CFO16.95.911.221.122.537.519.0
Total Yield8.0%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield4.4%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg1.5%10.6%5.5%6.4%6.0%3.1%5.7%
D/E0.40.50.70.20.10.00.3
Net D/E0.30.30.60.20.00.00.3

Returns

REXRHPQHPEIBMCSCOAAPLMedian
NameRexford .HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn-5.2%-3.6%12.7%-1.1%1.6%-2.0%-1.5%
3M Rtn-5.1%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn11.3%-4.0%34.5%6.6%15.2%36.3%13.3%
12M Rtn6.5%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn-20.7%-3.7%67.3%141.3%79.6%114.1%73.5%
1M Excs Rtn-7.1%-5.6%12.9%-2.2%-0.0%-3.7%-3.0%
3M Excs Rtn-9.5%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-0.9%-16.3%22.3%-5.7%3.0%24.0%1.0%
12M Excs Rtn-8.6%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-98.9%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Business of investing in, operating and repositioning/redeveloping industrial real estate properties798    
Interest income 0003
Management and leasing services 1000
Other income 2   
Rental revenue 522452329264
Tenant reimbursements 106   
Total798631452330267


Price Behavior

Price Behavior
Market Price$39.44 
Market Cap ($ Bil)9.3 
First Trading Date07/19/2013 
Distance from 52W High-10.9% 
   50 Days200 Days
DMA Price$41.36$38.11
DMA Trendindeterminatedown
Distance from DMA-4.6%3.5%
 3M1YR
Volatility22.9%28.6%
Downside Capture78.3177.26
Upside Capture36.9271.32
Correlation (SPY)36.8%59.2%
REXR Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.300.740.800.760.870.95
Up Beta-0.170.741.061.000.870.92
Down Beta0.131.111.021.031.110.98
Up Capture48%56%55%66%56%56%
Bmk +ve Days13263974142427
Stock +ve Days10192763119367
Down Capture43%62%71%43%82%102%
Bmk -ve Days7162452107323
Stock -ve Days10233663128381

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of REXR With Other Asset Classes (Last 1Y)
 REXRSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return8.4%2.7%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility28.4%16.8%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio0.28-0.010.722.700.340.09-0.08
Correlation With Other Assets 73.7%59.2%5.7%28.1%77.2%20.4%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of REXR With Other Asset Classes (Last 5Y)
 REXRSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-1.8%5.3%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility27.0%19.1%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio-0.060.190.700.970.500.160.57
Correlation With Other Assets 79.6%57.7%13.0%12.1%80.9%19.4%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of REXR With Other Asset Classes (Last 10Y)
 REXRSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return12.0%6.3%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility26.8%20.6%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.460.270.710.860.320.220.90
Correlation With Other Assets 78.9%60.7%11.2%18.7%80.6%13.8%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity14,067,590
Short Interest: % Change Since 11302025-3.4%
Average Daily Volume2,272,220
Days-to-Cover Short Interest6.19
Basic Shares Quantity234,586,980
Short % of Basic Shares6.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/15/20252.3%1.9%-2.3%
7/16/2025-2.5%4.8%4.0%
4/16/2025-0.4%3.2%9.2%
2/5/2025-0.5%-1.9%-0.8%
10/16/2024-9.1%-8.7%-15.5%
7/17/2024-1.7%-2.3%1.2%
4/17/20242.2%0.7%9.2%
2/6/2024-2.6%-2.5%-1.0%
...
SUMMARY STATS   
# Positive111210
# Negative131214
Median Positive0.8%4.1%8.6%
Median Negative-2.0%-2.6%-2.5%
Max Positive2.3%5.8%13.8%
Max Negative-9.1%-11.6%-21.6%

SEC Filings

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Report DateFiling DateFiling
09/30/202510/20/202510-Q (09/30/2025)
06/30/202507/21/202510-Q (06/30/2025)
03/31/202504/21/202510-Q (03/31/2025)
12/31/202402/10/202510-K (12/31/2024)
09/30/202410/21/202410-Q (09/30/2024)
06/30/202407/22/202410-Q (06/30/2024)
03/31/202404/22/202410-Q (03/31/2024)
12/31/202302/12/202410-K (12/31/2023)
09/30/202310/23/202310-Q (09/30/2023)
06/30/202307/24/202310-Q (06/30/2023)
03/31/202304/24/202310-Q (03/31/2023)
12/31/202202/13/202310-K (12/31/2022)
09/30/202210/24/202210-Q (09/30/2022)
06/30/202207/26/202210-Q (06/30/2022)
03/31/202204/26/202210-Q (03/31/2022)
12/31/202102/17/202210-K (12/31/2021)