
Rexford Industrial Realty Inc
NYSE:REXR

Income Statement
Earnings Waterfall
Rexford Industrial Realty Inc
Revenue
|
974.6m
USD
|
Cost of Revenue
|
-218m
USD
|
Gross Profit
|
756.6m
USD
|
Operating Expenses
|
-377.8m
USD
|
Operating Income
|
378.8m
USD
|
Other Expenses
|
-106.2m
USD
|
Net Income
|
272.6m
USD
|
Income Statement
Rexford Industrial Realty Inc
Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense |
7
|
7
|
7
|
8
|
10
|
12
|
13
|
15
|
16
|
16
|
19
|
20
|
22
|
24
|
24
|
25
|
26
|
26
|
26
|
27
|
28
|
29
|
30
|
31
|
33
|
35
|
38
|
40
|
40
|
41
|
45
|
48
|
53
|
60
|
61
|
61
|
62
|
74
|
85
|
99
|
111
|
|
Revenue |
74
N/A
|
82
+10%
|
88
+7%
|
94
+7%
|
100
+7%
|
108
+8%
|
118
+9%
|
126
+7%
|
134
+6%
|
140
+5%
|
150
+7%
|
161
+7%
|
175
+8%
|
190
+9%
|
201
+6%
|
213
+6%
|
224
+6%
|
237
+6%
|
250
+5%
|
267
+7%
|
285
+7%
|
300
+5%
|
316
+5%
|
330
+4%
|
352
+7%
|
377
+7%
|
408
+8%
|
452
+11%
|
493
+9%
|
538
+9%
|
585
+9%
|
631
+8%
|
677
+7%
|
723
+7%
|
766
+6%
|
798
+4%
|
826
+3%
|
867
+5%
|
904
+4%
|
936
+4%
|
975
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(20)
|
(22)
|
(23)
|
(25)
|
(27)
|
(29)
|
(32)
|
(34)
|
(35)
|
(37)
|
(39)
|
(42)
|
(45)
|
(48)
|
(50)
|
(52)
|
(54)
|
(56)
|
(59)
|
(63)
|
(68)
|
(71)
|
(76)
|
(80)
|
(85)
|
(91)
|
(98)
|
(108)
|
(118)
|
(128)
|
(141)
|
(151)
|
(160)
|
(169)
|
(177)
|
(184)
|
(189)
|
(197)
|
(204)
|
(210)
|
(218)
|
|
Gross Profit |
54
N/A
|
60
+10%
|
64
+7%
|
69
+7%
|
73
+6%
|
79
+8%
|
86
+9%
|
93
+8%
|
99
+6%
|
103
+5%
|
111
+8%
|
119
+7%
|
130
+9%
|
141
+9%
|
151
+7%
|
161
+6%
|
171
+6%
|
181
+6%
|
191
+6%
|
204
+7%
|
217
+6%
|
229
+5%
|
240
+5%
|
250
+4%
|
267
+7%
|
286
+7%
|
311
+9%
|
345
+11%
|
376
+9%
|
410
+9%
|
445
+9%
|
481
+8%
|
517
+7%
|
555
+7%
|
589
+6%
|
613
+4%
|
637
+4%
|
671
+5%
|
700
+4%
|
726
+4%
|
757
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(45)
|
(51)
|
(54)
|
(57)
|
(58)
|
(61)
|
(65)
|
(69)
|
(73)
|
(75)
|
(81)
|
(87)
|
(94)
|
(100)
|
(103)
|
(105)
|
(109)
|
(115)
|
(121)
|
(129)
|
(137)
|
(142)
|
(148)
|
(152)
|
(162)
|
(171)
|
(184)
|
(200)
|
(211)
|
(225)
|
(241)
|
(261)
|
(281)
|
(297)
|
(310)
|
(320)
|
(327)
|
(337)
|
(350)
|
(357)
|
(378)
|
|
Selling, General & Administrative |
(13)
|
(14)
|
(15)
|
(15)
|
(15)
|
(16)
|
(17)
|
(17)
|
(19)
|
(20)
|
(20)
|
(22)
|
(23)
|
(24)
|
(25)
|
(25)
|
(26)
|
(27)
|
(28)
|
(30)
|
(32)
|
(34)
|
(36)
|
(37)
|
(39)
|
(41)
|
(43)
|
(49)
|
(52)
|
(56)
|
(60)
|
(64)
|
(68)
|
(71)
|
(75)
|
(75)
|
(77)
|
(78)
|
(80)
|
(82)
|
(82)
|
|
Depreciation & Amortization |
(32)
|
(37)
|
(39)
|
(42)
|
(43)
|
(45)
|
(48)
|
(51)
|
(54)
|
(56)
|
(60)
|
(65)
|
(71)
|
(76)
|
(78)
|
(80)
|
(83)
|
(87)
|
(93)
|
(99)
|
(104)
|
(108)
|
(112)
|
(115)
|
(123)
|
(131)
|
(141)
|
(151)
|
(159)
|
(169)
|
(181)
|
(197)
|
(214)
|
(226)
|
(235)
|
(245)
|
(251)
|
(260)
|
(269)
|
(275)
|
(296)
|
|
Operating Income |
9
N/A
|
9
+2%
|
10
+13%
|
12
+19%
|
15
+25%
|
18
+19%
|
21
+16%
|
24
+14%
|
26
+9%
|
28
+8%
|
31
+9%
|
33
+7%
|
36
+11%
|
41
+14%
|
49
+17%
|
56
+14%
|
62
+11%
|
67
+8%
|
70
+5%
|
75
+7%
|
80
+7%
|
87
+8%
|
93
+7%
|
98
+6%
|
105
+7%
|
114
+9%
|
127
+11%
|
144
+14%
|
165
+14%
|
184
+12%
|
204
+11%
|
220
+8%
|
235
+7%
|
257
+9%
|
279
+8%
|
294
+5%
|
310
+5%
|
334
+8%
|
351
+5%
|
369
+5%
|
379
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(7)
|
(7)
|
(7)
|
(8)
|
(10)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(19)
|
(20)
|
(22)
|
(24)
|
(25)
|
(25)
|
(26)
|
(26)
|
(26)
|
(27)
|
(28)
|
(29)
|
(30)
|
(31)
|
(33)
|
(35)
|
(39)
|
(40)
|
(40)
|
(41)
|
(45)
|
(49)
|
(53)
|
(60)
|
(61)
|
(61)
|
(62)
|
(74)
|
(85)
|
(99)
|
(111)
|
|
Non-Reccuring Items |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
12
|
12
|
17
|
20
|
25
|
25
|
30
|
37
|
22
|
22
|
17
|
7
|
10
|
11
|
16
|
0
|
12
|
24
|
14
|
25
|
27
|
27
|
34
|
32
|
29
|
15
|
9
|
12
|
12
|
12
|
19
|
7
|
23
|
25
|
18
|
31
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
|
Pre-Tax Income |
(0)
N/A
|
(0)
+25%
|
1
N/A
|
2
+100%
|
3
+70%
|
16
+371%
|
19
+16%
|
26
+40%
|
30
+16%
|
37
+24%
|
36
-3%
|
42
+16%
|
51
+23%
|
39
-24%
|
46
+18%
|
47
+2%
|
43
-9%
|
51
+19%
|
55
+8%
|
64
+17%
|
69
+7%
|
69
+0%
|
87
+27%
|
81
-7%
|
96
+19%
|
106
+10%
|
115
+8%
|
136
+18%
|
155
+13%
|
169
+10%
|
171
+1%
|
177
+4%
|
192
+8%
|
208
+8%
|
228
+10%
|
250
+9%
|
250
+0%
|
279
+12%
|
288
+3%
|
286
-1%
|
296
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(0)
|
(0)
|
1
|
2
|
3
|
16
|
19
|
26
|
30
|
37
|
36
|
42
|
51
|
39
|
46
|
47
|
43
|
51
|
55
|
64
|
69
|
69
|
87
|
81
|
96
|
106
|
115
|
136
|
155
|
169
|
171
|
177
|
192
|
208
|
228
|
250
|
250
|
279
|
288
|
286
|
296
|
|
Income to Minority Interest |
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(6)
|
(6)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(12)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
|
Net Income (Common) |
(1)
N/A
|
(0)
+20%
|
1
N/A
|
2
+143%
|
3
+65%
|
15
+436%
|
17
+12%
|
23
+36%
|
26
+13%
|
31
+21%
|
30
-5%
|
34
+17%
|
42
+23%
|
30
-30%
|
36
+19%
|
36
+2%
|
32
-12%
|
40
+24%
|
43
+9%
|
51
+18%
|
53
+5%
|
52
-3%
|
68
+31%
|
61
-10%
|
75
+23%
|
85
+12%
|
90
+7%
|
112
+24%
|
131
+17%
|
146
+12%
|
152
+4%
|
158
+4%
|
172
+9%
|
187
+9%
|
207
+10%
|
227
+10%
|
228
+0%
|
256
+12%
|
265
+3%
|
263
-1%
|
273
+4%
|
|
EPS (Diluted) |
-0.02
N/A
|
-0.02
N/A
|
0.01
N/A
|
0.03
+200%
|
0.05
+67%
|
0.24
+380%
|
0.26
+8%
|
0.36
+38%
|
0.38
+6%
|
0.45
+18%
|
0.4
-11%
|
0.48
+20%
|
0.53
+10%
|
0.37
-30%
|
0.38
+3%
|
0.41
+8%
|
0.34
-17%
|
0.37
+9%
|
0.38
+3%
|
0.47
+24%
|
0.48
+2%
|
0.43
-10%
|
0.54
+26%
|
0.51
-6%
|
0.57
+12%
|
0.62
+9%
|
0.64
+3%
|
0.8
+25%
|
0.81
+1%
|
0.88
+9%
|
0.87
-1%
|
0.92
+6%
|
0.87
-5%
|
0.93
+7%
|
1
+8%
|
1.12
+12%
|
1.06
-5%
|
1.17
+10%
|
1.2
+3%
|
1.2
N/A
|
1.19
-1%
|