FR vs REXR Stock Comparison

First Industrial Realty Trust and Rexford Industrial Realty Prices as of Oct 23, 2026 Peers: Industry group

Head to Head

8 decided of 12

First Industrial Realty Trust leads on 6 of the 12 questions below (First Industrial Realty Trust 6, Rexford Industrial Realty 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFRREXRLeader
Larger companyMarket capitalisation $7.32B $8.50B REXR
Cheaper on earningsLower P/E, profitable companies only 20.1x -21.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.3x — –
Faster revenue growthRevenue growth, trailing twelve months +8.4% +0.5% FR
More profitableNet margin, trailing twelve months 47.9% -40.4% FR
Better return on capitalReturn on invested capital 8.2% — –
Less leveragedLower net debt / EBITDA 2.5x — –
Higher dividend yieldTrailing dividend yield 0.03% 0.05% REXR
Better 1-year returnPrice return, last 12 months -2.3% -9.5% FR
Better 5-year returnAnnualised price return, 5 years -1.4%/yr -10.0%/yr FR
Less volatileAnnualised volatility, 1 year 20.1% 25.7% FR
Higher overall scoreMean of the five percentile scores vs peers 71/100 49/100 FR

Percentile Scorecard

FRREXR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFRREXR
Valuation 22 #113 of 145 29 #104 of 145
Growth 77 #34 of 144 32 #99 of 144
Profitability 92 #12 of 140 16 #118 of 140
Financial Health 89 #17 of 146 90 #16 of 146
Shareholder Returns 76 #32 of 132 79 #28 of 132
Overall 71 49
  • FR ranked among 149 companies in Property REITs
  • REXR ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFRREXRSPY
1 month -10.9%+1.5% -1.0%
3 months -18.7%-0.4% +2.9%
6 months -11.3%+9.2% +6.4%
Year to date -5.0%0.0% +11.4%
1 year -2.3%-9.5% +13.1%
3 years +30.1%-10.9% +79.4%
3 years, per year +9.2%-3.8% +21.5%
5 years -6.6%-40.9% +67.7%
5 years, per year -1.4%-10.0% +10.9%
10 years +101.7%+76.1% +255.2%
10 years, per year +7.3%+5.8% +13.5%

Risk

MeasureFRREXRSPY
Volatility, 1Y 20.1%25.7% 12.7%
Downside volatility, 1Y 21.5%23.1% 12.7%
Beta vs S&P 500, 1Y 0.440.46 1.00
Return / volatility, 1Y -0.12-0.37 1.03
Max drawdown, 5Y -38.9%-62.4% -25.4%
From 52-week high -20.9%-9.5% -2.5%
52-week high $68.83$42.77 $779.14
52-week low $54.43$32.47 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFRREXR
P/E now vs peer median 19.8xmedian 27.0x -21.6xmedian 27.0x
P/S now vs peer median 9.5xmedian 4.1x 8.7xmedian 4.1x
EV/EBITDA now vs peer median 15.3xmedian 14.5x —median 14.5x
P/FCF now vs peer median -90.1xmedian 23.7x 38.0xmedian 23.7x
P/B now vs peer median 2.5xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median 4.18median 2.07 0.37median 2.07

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFRREXR
Revenue $759.61M $991.92M
Net income $381.93M -$403.93M
Free cash flow -$80.09M $227.15M
EPS (diluted) $2.74 $-1.79
Cash & equivalents $46.05M $32.23M
Total debt $1.44B $3.26B
Shares (diluted) 132.67M 223.81M
Enterprise value $7.13B $8.00B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFRREXR
P/E 19.8x -21.6x
P/FCF -90.1x 38.0x
P/Operating cash flow 16.1x 17.0x
P/S 9.5x 8.7x
P/B 2.5x 1.1x
P/Tangible book 2.5x 1.1x
EV/EBITDA 15.3x –
EV/EBIT 23.7x –
EV/Revenue 11.3x 12.0x
EV/FCF -107.5x 52.2x
EV/Operating cash flow 19.2x 23.3x
PEG (3Y EPS CAGR) 4.18 0.37

Growth

14 metrics
MetricFRREXR
Revenue growth (1Y) 8.4% 0.5%
Revenue CAGR (3Y) 9.0% 11.1%
Gross profit growth (1Y) – –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) – –
Operating income CAGR (3Y) – –
Net income growth (1Y) 35.3% -222.4%
Net income CAGR (3Y) 5.2% -58.0%
EPS growth (1Y) 34.3% -238.0%
EPS CAGR (3Y) 4.7% -57.7%
Operating cash flow growth (1Y) 13.3% -2.8%
Operating cash flow CAGR (3Y) 13.4% 11.5%
Free cash flow growth (1Y) -25.1% 296.5%
Free cash flow CAGR (3Y) 38.7% 28.4%

Profitability

14 metrics
MetricFRREXR
Gross margin – –
EBITDA margin 74.2% –
Operating margin – –
Pretax margin 47.7% –
Net margin 47.9% -40.4%
FCF margin -10.5% 22.9%
Operating cash flow margin 59.2% 51.3%
Return on equity 13.4% -4.9%
Return on assets 6.6% -3.4%
Return on invested capital 8.2% –
Return on capital employed – –
Asset turnover 0.1x 0.1x
Cash conversion (OCF / net income) 1.2x -1.3x
Stock comp / revenue – 8.6%

Financial Health

11 metrics
MetricFRREXR
Debt / assets 24.9% 28.1%
Debt / equity 0.5x 0.4x
Net debt / EBITDA 2.5x –
Debt / FCF -18.0x 14.4x
Liabilities / assets 50.4% 32.2%
Equity / assets 49.6% 67.8%
Interest coverage 787.6x –
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricFRREXR
Dividend yield 3.6% 4.4%
Net buyback yield – 6.4%
Shareholder yield 3.6% 10.8%
Payout ratio (earnings) 65.2% -99.0%
Payout ratio (FCF) -311.1% 176.0%
Dividend growth (1Y) 18.3% 5.7%
Dividend CAGR (3Y) 15.4% 17.4%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFRREXR
Forward P/E 20.3xFY2026 –
EPS, next fiscal year $2.68FY2026 $-1.11FY2026
EPS growth, next FY +43.3%FY2026 -229.1%FY2026
EPS growth, the year after -25.4% –
Revenue, next fiscal year $811.76MFY2026 $978.53MFY2026
Revenue growth, next FY +11.6%FY2026 -0.2%FY2026
Revenue growth, the year after +9.7% -11.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFRREXR
Held by institutions 100.0% 100.0%
Institutions holding 487 420
Change in shares held, QoQ +5.0% +1.3%
Institutions buying 260 193
Institutions selling 145 168
Buyers to sellers 1.79 1.15

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FRREXR
FR 1.00 0.55
REXR 0.55 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FR and REXR?

Rexford Industrial Realty (REXR) is the largest by market capitalisation: First Industrial Realty Trust (FR) $7.32B, Rexford Industrial Realty (REXR) $8.50B.

Which company is growing faster?

First Industrial Realty Trust (FR) grew revenue fastest over the trailing twelve months: First Industrial Realty Trust (FR) +8.4%, Rexford Industrial Realty (REXR) +0.5%.

Which company is more profitable?

First Industrial Realty Trust (FR) has the highest net margin (First Industrial Realty Trust (FR) 47.9%, Rexford Industrial Realty (REXR) -40.4%).

Which stock has performed better?

Over the past year First Industrial Realty Trust (FR) returned the most: First Industrial Realty Trust (FR) -2.3%, Rexford Industrial Realty (REXR) -9.5%. Over five years, First Industrial Realty Trust (FR) compounded fastest (First Industrial Realty Trust (FR) -1.4%/yr, Rexford Industrial Realty (REXR) -10.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Rexford Industrial Realty (REXR) has the highest dividend yield: First Industrial Realty Trust (FR) 0.03%, Rexford Industrial Realty (REXR) 0.05%.

Which stock is riskier?

By one-year price volatility, First Industrial Realty Trust (FR) has been the steadiest (First Industrial Realty Trust (FR) 20.1%, Rexford Industrial Realty (REXR) 25.7%). Volatility measures how widely the price swings, not the risk of the business.

Do FR and REXR move together?

Their daily returns over the past year have a correlation of 0.55, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, FR and REXR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, First Industrial Realty Trust (FR) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.