First Industrial Realty (FR) vs Rexford Industrial Realty (REXR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
First Industrial Realty (FR) has outperformed Rexford Industrial Realty (REXR) over the past year, gaining 13.0% versus a loss of 12.5%. Over five years, FR leads with a +3.0% price change compared with -40.7% for REXR. Rexford Industrial Realty is the larger company by market cap ($8.27 billion vs $7.97 billion), about 1.0 times the size, while First Industrial Realty is growing revenue faster (+8.6% vs +7.1%).
On valuation, First Industrial Realty trades at a lower forward P/E (30.9x vs 36.6x for Rexford Industrial Realty). Rexford Industrial Realty offers the higher dividend yield (4.78% vs 3.25%). First Industrial Realty converts more of its revenue into profit, with a net margin of 34.0% versus 21.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FR | REXR |
|---|---|---|
| Share price | $58.18 | $36.16 |
| Market cap | $7.97B | $8.27B |
| 1-day change | -1.82% | -1.74% |
| YTD return | +1.90% | -6.00% |
| 1-year return | +12.97% | -12.49% |
| 5-year return | +3.04% | -40.70% |
| P/E ratio (TTM) | 21.16 | — |
| Forward P/E | 30.86 | 36.62 |
| EPS (TTM) | $2.75 | $-1.79 |
| Dividend yield | 3.25% | 4.78% |
| Annual dividend | $1.89 | $1.73 |
| Revenue (latest FY) | $727.08M | $1.00B |
| Revenue growth (YoY) | +8.58% | +7.13% |
| Net income (latest FY) | $247.44M | $212.03M |
| Net margin | 34.03% | 21.14% |
| 52-week high | $69.88 | $44.38 |
| 52-week low | $50.24 | $32.14 |
| Distance from 52-week high | -16.74% | -18.52% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +24.18% | +11.67% |
| Average volume | 1.05M | 2.74M |
| Shares outstanding | 132.57M | 222.99M |
| Employees | 151 | 256 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- FR has outperformed REXR by 25.5 percentage points over the past year.
- Rexford Industrial Realty offers a meaningfully higher dividend yield (4.78% vs 3.25%).
- First Industrial Realty is more profitable, keeping 34.0 cents of every revenue dollar as net income versus 21.1 cents for Rexford Industrial Realty.
About First Industrial Realty
FR stock →First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.
Real Estate · Real Estate Investment Trusts · 151 employees
About Rexford Industrial Realty
REXR stock →Rexford Industrial Realty, Inc. creates value by investing in, operating and repositioning industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation over the long term.
Real Estate · Real Estate Investment Trusts · 256 employees
FR vs REXR FAQ
Which is bigger, First Industrial Realty or Rexford Industrial Realty?
Rexford Industrial Realty (REXR) is larger, with a market capitalization of $8.27B compared with $7.97B for First Industrial Realty (FR).
Which stock has performed better over the past year, FR or REXR?
FR returned +12.97% over the past 12 months, compared with -12.49% for REXR (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, First Industrial Realty or Rexford Industrial Realty?
Rexford Industrial Realty has the higher yield at 4.78%, compared with 3.25% for First Industrial Realty.
Are First Industrial Realty and Rexford Industrial Realty in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.