Is Rexford Industrial Realty, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Rexford Industrial Realty, Inc. has moved from fair to very attractive, indicating a shift towards a more favorable assessment. The company appears to be undervalued, particularly when considering its P/E ratio of 30, which is lower than the peer average of 32.21 for similar companies. Additionally, the EV to EBITDA ratio stands at 12.38, which is competitive compared to peers like W.P. Carey, Inc. at 11.82 and Gaming & Leisure Properties, Inc. at 9.45, suggesting that Rexford is positioned well within its industry.
In terms of returns, Rexford has underperformed relative to the S&P 500 over multiple periods, with a 3-year return of -25.25% compared to the S&P's 76.66%. This underperformance reinforces the notion that the stock may be undervalued, as the market has not fully recognized its potential despite the attractive valuation metrics. Overall, Rexford Industrial Realty, Inc. presents a compelling investment opportunity given its favorable valuation ratios and the recent grade change.