Is Rexford Industrial Realty, Inc. overvalued or undervalued?

As of 19 August 2025, the valuation grade for Rexford Industrial Realty, Inc. has moved from very attractive to attractive, indicating a shift in perception regarding its investment potential. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 30, which is higher than the peer average of approximately 24.6, and a PEG ratio of 3.46, suggesting that its growth prospects may not justify its current price. Additionally, the EV to EBITDA ratio stands at 12.38, which is higher than some peers like Gaming & Leisure Properties, Inc. at 9.45.
In comparison to its peers, Rexford's valuation ratios indicate it is less favorable; for instance, Regency Centers Corp. has a much higher P/E ratio of 63.58, while American Homes 4 Rent offers a more attractive PEG ratio of 0.89. The recent stock performance shows that Rexford has underperformed against the S&P 500, with a 1-year return of -16.66% compared to the index's 17.14%, reinforcing the notion that it may be overvalued in the current market context.