Rexford Industrial Realty

REXR · NYSE

$37.11+$0.74 (+2.03%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $36.37

REXR analyst rating

HoldConsensus of 13 analysts over the last 12 months. 54% rate it a buy.

Strong buy0
Buy7
Hold4
Underperform2
Sell0

12-month price target · 19 analysts

Average $41.21 (+11.0% upside)

Low: $36.36
Now: $37.11
High: $47.25

Upgrades and downgrades

The latest rating actions, newest first

REXR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Mizuho	Oct 13, 2026	Upgrade	Neutral → Outperform	$38.00 → $41.00	48%
Truist Securities	Oct 12, 2026	Maintains	Buy	$38.00 → $39.00	55%
BMO Capital	Sep 28, 2026	Maintains	Outperform	$38.00 → $39.00	47%
Raymond James	Sep 16, 2026	Upgrade	Underperform → Market Perform	—	53%
Wells Fargo	Sep 1, 2026	Maintains	Overweight	$44.00 → $43.00	42%
Scotiabank	Aug 31, 2026	Maintains	Sector Outperform	$38.00 → $40.00	39%
Mizuho	Aug 19, 2026	Maintains	Neutral	$35.00 → $38.00	48%
Scotiabank	Aug 12, 2026	Maintains	Sector Outperform	$36.00 → $38.00	39%
Jefferies	Aug 6, 2026	Downgrade	Buy → Hold	$40.00	54%
JP Morgan	Aug 3, 2026	Maintains	Underweight	$36.00 → $39.00	53%

The case for and against

Updated Feb 9, 2026

Bull case

Rexford Industrial Realty has demonstrated a solid performance with a 50 basis point increase in same property portfolio occupancy, reaching 96.6% as of August 31, supported by 40 basis points of positive net absorption. Additionally, the company has reported upward adjustments to its forward funds from operations per share estimates for 2025, 2026, and 2027, indicating a gradual growth trajectory with projections of $2.40, $2.47, and $2.52, respectively. This combination of rising occupancy rates and improving financial estimates reflects a strong underlying demand for industrial properties in the Southern California infill markets, contributing to a favorable outlook for the company.

Bear case

Rexford Industrial Realty is facing a negative outlook primarily due to a potential deep recession, which could lead to weaker business activity and reduced demand for industrial spaces in Southern California. The company's growth strategy may be adversely affected by a lack of acquisition opportunities, coupled with the risk of prolonged higher interest rates that could depress valuations for all REIT stocks. Additionally, trends in nearshoring and declines in institutional capital flows may contribute to challenges in the Southern California market, manifesting in slower rent growth and increased availability rates.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.