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 significant improvement in its perceived value. The company appears to be undervalued, particularly when considering its P/E ratio of 30, which is lower than the peer average of approximately 32.21, and its price to book value of 0.97, suggesting that the stock is trading below its intrinsic value. Additionally, the EV to EBITDA ratio of 12.38 further supports the notion of undervaluation compared to peers like Gaming & Leisure Properties, Inc., which has an EV to EBITDA of 9.45.
In terms of performance, Rexford Industrial Realty has underperformed compared to the S&P 500 over various periods, with a 1-year return of -2.84% versus the S&P 500's 19.89%, and a 3-year return of -23.25% compared to 76.66% for the index. This underperformance may reflect market skepticism about its growth prospects, despite the attractive valuation metrics. Overall, Rexford Industrial Realty, Inc. presents a compelling case for investment given its favorable valuation ratios and the recent grade change.