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Rexford Industrial Realty cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$95.7M in Q3 2026 · $262M over twelve months

Operating cash flow$152M
Capital spending−$56.0M
Free cash flow+$95.7M
Cash / net income8.4×

Analysis

In Q3 2026, Rexford Industrial Realty generated $152M of operating cash flow and spent $56.0M on capital projects, leaving free cash flow of $95.7M. That is $35.3M more than in Q3 2025 ($60.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $511M; the largest uses were buybacks ($709M), net borrowing (+) / repaid (−) ($493M), dividends ($395M); besides operations, cash came from asset & business sales ($1.5B); the cash balance rose by $109M.

Operating cash flow was $152M against net income of $18.1M — 8.4× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$74.4M, payables +$27.3M, prepaid and other assets −$12.2M.

Free cash flow

Rexford Industrial Realty: free cash flow by quarterRexford Industrial Realty: free cash flow by quarter$27.9MQ4 2024$73.4MQ1 2025$45.0MQ2 2025$60.5MQ3 2025$29.8MQ4 2025$78.1MQ1 2026$58.7MQ2 2026$95.7MQ3 2026
Operating cash flow less capital spending.
Rexford Industrial Realty: operating cash flow against capital spendingRexford Industrial Realty: operating cash flow against capital spendingOperating cash flowCapital spending$116M$88.4MQ4 2024$153M$79.1MQ1 2025$128M$83.2MQ2 2025$150M$89.2MQ3 2025$112M$81.9MQ4 2025$141M$63.0MQ1 2026$107M$48.1MQ2 2026$152M$56.0MQ3 2026
Latest (Q3 2026): Operating cash flow $152M, Capital spending $56.0M.

Capital allocation, year by year

Rexford Industrial Realty: where the cash came from (up) and went (down), by fiscal yearRexford Industrial Realty: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $231MFY2021: Net borrowing $169MFY2021: Shares issued $1.6BFY2021: Asset sales $56.6MFY2021: Capital spending −$102MFY2021: Dividends −$130M$2.1BFY2021FY2022: Operating cash flow $328MFY2022: Net borrowing $537MFY2022: Shares issued $1.8BFY2022: Asset sales $15.3MFY2022: Capital spending −$135MFY2022: Dividends −$202M$2.7BFY2022FY2023: Operating cash flow $428MFY2023: Net borrowing $289MFY2023: Shares issued $1.3BFY2023: Asset sales $27.0MFY2023: Capital spending −$267MFY2023: Dividends −$291M$2.0BFY2023FY2024: Operating cash flow $479MFY2024: Net borrowing $1.1BFY2024: Shares issued $650MFY2024: Asset sales $41.3MFY2024: Capital spending −$373MFY2024: Dividends −$354M$2.3BFY2024FY2025: Operating cash flow $542MFY2025: Net borrowing −$101MFY2025: Shares issued $478MFY2025: Asset sales $208MFY2025: Capital spending −$333MFY2025: Buybacks −$250MFY2025: Dividends −$397M$1.2BFY2025
Over these 5 years operating cash flow totalled $2.0B; the largest uses were dividends ($1.4B) and capital spending ($1.2B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$424M
Debt$2.8B
Net debt$2.3B
Due within a year$67.6M

Rexford Industrial Realty funds itself: free cash flow was $262M over the last twelve months, and $424M of cash and investments stands against $2.8B of debt ($67.6M due within a year, 6.3× covered by cash).

Rexford Industrial Realty: debt maturities by year (FY2025)Rexford Industrial Realty: debt maturities by year (FY2025)$67.6MYear 1$1.0BYear 2$314MYear 3$600MYear 4$800MYear 5$477MAfter year 5
Principal due in each year as disclosed in the annual report, against $424M of cash and investments now.

Where the cash came from and went

Rexford Industrial Realty: sources (+) and uses (−) of cash, Q3 2026Rexford Industrial Realty: sources (+) and uses (−) of cash, Q3 2026Asset & business sales$1.2BNet borrowing (+) / repaid (−)−$499MCash drawn (+) / kept (−)−$391MBuybacks−$309MOperating cash flow$152MDividends−$97.0MCapital spending−$56.0MPartners−$4.0MOther financing−$2.4MTaxes on employees’ shares−$27K
Rexford Industrial Realty: sources (+) and uses (−) of cash, TTM to Q3 2026Rexford Industrial Realty: sources (+) and uses (−) of cash, TTM to Q3 2026Asset & business sales$1.5BBuybacks−$709MOperating cash flow$511MNet borrowing (+) / repaid (−)−$493MDividends−$395MCapital spending−$249MCash drawn (+) / kept (−)−$109MTaxes on employees’ shares−$21.6MPartners−$15.6MOther financing−$9.6M

From profit to cash

Rexford Industrial Realty: net income to operating cash flow, Q3 2026Rexford Industrial Realty: net income to operating cash flow, Q3 2026Net income$18.1MDepreciation & amortization$74.4MStock-based pay$4.6MReceivables−$2.3MPayables$27.3MPrepaid and other assets−$12.2MOperating cash flow$152M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$152M−$56.0M−$309M−$97.0M−$499M—−$391M$95.7M
Q2 2026$107M−$48.1M−$100M−$98.4M$13.8M—$19.5M$58.7M
Q1 2026$141M−$63.0M−$200M−$99.6M−$6.9M—$114M$78.1M
Q4 2025$112M−$81.9M−$100M−$100M−$248K—$149M$29.8M
Q3 2025$150M−$89.2M−$150M−$102M−$100M—$247M$60.5M
Q2 2025$128M−$83.2M—−$102M−$242K—−$6.5M$45.0M
Q1 2025$153M−$79.1M—−$94.1M−$239K$478M−$499M$73.4M
Q4 2024$116M−$88.4M—−$91.6M−$6.7M$280M$5.9M$27.9M

Rexford Industrial Realty: income statement and cash flow

Rexford Industrial Realty, Q3 2026: revenue $239M (-6% year over year), operating margin 39.4%. The chart follows the revenue to costs, profit and cash.

Rexford Industrial Realty: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.