What is Rexford Industrial Realty, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Rexford Industrial Realty, Inc.'s reported free cash flow gives $15.75 per share. The share price was $37.47 on September 25, 2026, 138% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $4.12 | -89% |
| Base | 15.0% | 9.0% | $15.75 | -58% |
| Bull | 20.0% | 8.0% | $37.41 | -0% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $24.56 | $27.30 | $30.66 | $34.85 | $40.25 |
| 8.0% | $17.94 | $19.72 | $21.83 | $24.35 | $27.44 |
| 9.0% | $13.13 | $14.34 | $15.75 | $17.39 | $19.33 |
| 10.0% | $9.48 | $10.34 | $11.32 | $12.45 | $13.74 |
| 11.0% | $6.62 | $7.26 | $7.96 | $8.76 | $9.67 |
Where the presets come from
Base: years 1 to 5 grow at Rexford Industrial Realty, Inc.'s revenue growth rate over the last 5 fiscal years (24.9% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions