Filing Flows › Rexford Industrial Realty (REXR) › Q1 2026
Rexford Industrial Realty (REXR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Rexford Industrial Realty (REXR) reported revenue of $245M for the first quarter 2026 (Q1 2026), -3% from a year earlier and -1% from the quarter before. Operating margin was 41.0%, net earnings $91.2M (37.2% of revenue).
Rexford Industrial Realty, Q1 2026: revenue $245M (-3% year over year), operating margin 41.0%, net earnings $91.2M, operating cash flow $141M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $245M | -1% | -3% |
| Operating profit | $100M | +8% | +11% |
| Net earnings | $91.2M | — | +28% |
| Operating cash flow | $141M | +26% | -7% |
| Free cash flow | $78.1M | +162% | +6% |
What changed
Revenue was $245.1M in Q1 2026, down 3% year over year and down 1% from the previous quarter.
Operating profit was $100.5M, a 41.0% margin (up 5.2 points year over year). Total costs fell 11% while revenue fell 3%. Net earnings were $91.2M, up 28% year over year. The effective tax rate was 0.0%.
Operating cash flow was $141.2M (down 7% year over year), 149% of net income including minority interests. Non-cash charges added back $72.9M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $30.4M. Capital expenditures of $63.0M left free cash flow of $78.1M.
Questions
What was Rexford Industrial Realty's revenue in the first quarter 2026?
Rexford Industrial Realty (REXR) reported revenue of $245M for the first quarter 2026 (Q1 2026), -3% from a year earlier and -1% from the quarter before.
Was Rexford Industrial Realty profitable in the first quarter 2026?
Operating profit was $100M (41.0% of revenue) and net earnings $91.2M.