Filing Flows › Rexford Industrial Realty (REXR) › Q4 2025
Rexford Industrial Realty (REXR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 11, 2026
Rexford Industrial Realty (REXR) reported revenue of $248M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -2% from the quarter before. Operating margin was 37.4%, net loss $67.7M (27.3% of revenue).
Rexford Industrial Realty, Q4 2025: revenue $248M (+2% year over year), operating margin 37.4%, net loss $67.7M, operating cash flow $112M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $248M | -2% | +2% |
| Operating profit | $92.8M | -1% | — |
| Net earnings | −$67.7M | -175% | — |
| Operating cash flow | $112M | -25% | -4% |
| Free cash flow | $29.8M | -51% | +7% |
What changed
Revenue was $248.1M in Q4 2025, up 2% year over year and down 2% from the previous quarter.
Operating profit was $92.8M, a 37.4% margin (down 0.9 points year over year). Operating profit fell $325K even though revenue rose $5.2M versus a year earlier, so costs grew faster than sales. Total costs grew 4% against revenue growth of 2%. The quarter ended with a net loss of $67.7M, after a profit of $93.1M the previous quarter. Minority interests bore $2.3M of it: to shareholders the quarter was a loss of $65.4M. Net interest and other expense of $160.5M was the main reason.
Operating cash flow was $111.7M (down 4% year over year). Non-cash charges added back $76.8M of depreciation and amortization and $68.8M of share-based compensation. Working capital and other items added $33.9M. Capital expenditures of $81.9M left free cash flow of $29.8M.
Questions
What was Rexford Industrial Realty's revenue in the fourth quarter 2025?
Rexford Industrial Realty (REXR) reported revenue of $248M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -2% from the quarter before.
Was Rexford Industrial Realty profitable in the fourth quarter 2025?
Operating profit was $92.8M (37.4% of revenue) and net loss $67.7M.