Is Rexford Industrial Realty, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Rexford Industrial Realty, Inc. moved from fair to very attractive. The company appears to be undervalued, particularly when considering its P/E ratio of 30, which is higher than the industry average, and its price to book value of 0.97, indicating potential for growth. Additionally, the EV to EBITDA ratio stands at 12.38, suggesting that the company may be undervalued relative to its earnings potential.
In comparison to its peers, Rexford's P/E ratio is higher than Kimco Realty Corp.'s 25.32 and lower than W.P. Carey, Inc.'s 39.91, while its EV to EBITDA is more favorable than Regency Centers Corp.'s 28.07. Despite recent underperformance, with a 3-year return of -23.23% compared to the S&P 500's 76.66%, the company's attractive valuation metrics suggest that it may present a buying opportunity for investors.