LXP Industrial Trust (LXP) vs Rexford Industrial Realty, Inc. (REXR)

LXP Industrial Trust and Rexford Industrial Realty, Inc. are both Reit Industrial companies. Rexford Industrial Realty, Inc. is the larger, with a market value of $8.5B against $3.6B — 2.4× the size. Rexford Industrial Realty, Inc. has negative trailing earnings, so its P/E is not meaningful; LXP Industrial Trust trades at 60.9×. Rexford Industrial Realty, Inc. grew revenue faster over the last twelve months: 0.55% against −4.21%. LXP Industrial Trust has the higher net margin (16.7% vs −40.4%) and the lower return on invested capital (1.39% vs 2.19%). Both pay a dividend; LXP Industrial Trust yields more (5.61% vs 3.08%). Across the 22 metrics below, LXP Industrial Trust leads on 13 and Rexford Industrial Realty, Inc. on 9.

Valuation

Metric LXP REXR Reit Industrial median
P/E 60.88 n/m 28.30
P/S 10.17 8.45 8.16
P/B 1.89 1.08 1.89
Price to free cash flow 10.30 36.92 21.44
EV/EBITDA 75.48 16.89 17.97
EV/Sales 11.21 11.71 11.71
Earnings yield 1.64% (4.83%) 3.38%
Free cash flow yield 9.71% 2.71% 2.71%

Profitability

Metric LXP REXR Reit Industrial median
Gross margin 81.51% 76.80% 73.76%
Operating margin 14.85% 39.27% 39.85%
Net margin 16.73% (40.39%) 28.04%
Free cash flow margin 98.79% 22.90% 13.63%
Return on equity 3.01% (4.78%) 6.83%
Return on assets 1.62% (3.24%) 3.45%
Return on invested capital 1.39% 2.19% 2.92%

Growth

Metric LXP REXR Reit Industrial median
Revenue growth (TTM) (4.21%) 0.55% 3.86%
EPS growth (last fiscal year) 180.00% (28.33%) —
Revenue growth, 5-year CAGR 1.17% 24.89% 13.33%
Net income growth, 5-year CAGR (9.64%) 26.68% 9.91%

Health

Metric LXP REXR Reit Industrial median
Debt to equity 0.19 0.41 0.84
Current ratio 0.10 1.70 0.78
Net debt to EBITDA 0.70 4.52 4.76

Dividend

Metric LXP REXR Reit Industrial median
Dividend yield 5.61% 3.08% 3.14%
Payout ratio 2.36 1.42 1.14

Size

Metric LXP REXR Reit Industrial median
Market cap 3.59b 8.47b 8.24b

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