Filing Flows › Rexford Industrial Realty (REXR) › Q2 2025
Rexford Industrial Realty (REXR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 21, 2025
Rexford Industrial Realty (REXR) reported revenue of $250M for the second quarter 2025 (Q2 2025), +5% from a year earlier and -1% from the quarter before. Operating margin was 41.4%, net earnings $116M (46.6% of revenue).
Rexford Industrial Realty, Q2 2025: revenue $250M (+5% year over year), operating margin 41.4%, net earnings $116M, operating cash flow $128M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $250M | -1% | +5% |
| Operating profit | $103M | +14% | +5% |
| Net earnings | $116M | +63% | +41% |
| Operating cash flow | $128M | -16% | +26% |
| Free cash flow | $45.0M | -39% | +172% |
What changed
Revenue was $249.5M in Q2 2025, up 5% year over year and down 1% from the previous quarter.
Operating profit was $103.3M, a 41.4% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 40% reached operating profit, below the 41% margin then. Total costs grew 5% against revenue growth of 5%. Net earnings were $116.3M, up 41% year over year. The effective tax rate was 0.0%.
Operating cash flow was $128.2M (up 26% year over year), 106% of net income including minority interests. Non-cash charges added back $71.2M of depreciation and amortization and $10.1M of share-based compensation. Working capital and other items used $73.5M. Capital expenditures of $83.2M left free cash flow of $45.0M.
Questions
What was Rexford Industrial Realty's revenue in the second quarter 2025?
Rexford Industrial Realty (REXR) reported revenue of $250M for the second quarter 2025 (Q2 2025), +5% from a year earlier and -1% from the quarter before.
Was Rexford Industrial Realty profitable in the second quarter 2025?
Operating profit was $103M (41.4% of revenue) and net earnings $116M.