Rexford Industrial RealtyREXR -2.18%91 Altman Z2-Score is 2.29 as of Jun. 29, 2026, which is 11% below its 10-year median of 2.57. GuruFocus rates REXR with a GF Score™ of 91/100 and a GF Value™ of $43.00 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 743 REITs companies, Rexford Industrial Realty ranks better than 58.68% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Rexford Industrial Realty has a Altman Z2-Score of 2.29, indicating it is in Grey Zones. This implies that Rexford Industrial Realty is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for Rexford Industrial Realty's Altman Z2-Score or its related term are showing as below:
REXR'
s Altman Z2-Score Range Over the Past 10 Years
Min: 1.72 Med: 2.57 Max: 3.13
Current: 2.29
During the past 13 years, Rexford Industrial Realty's highest Altman Z2-Score was 3.13. The lowest was 1.72. And the median was 2.57.
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
REXR vs STAG, FR, TRNO: Altman Z2-Score Comparison
For the REIT - Industrial subindustry, Rexford Industrial Realty's Altman Z2-Score, along with its competitors' market caps and Altman Z2-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Rexford Industrial Realty Altman Z2-Score vs REITs Industry
For the REITs industry and Real Estate sector, Rexford Industrial Realty's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Rexford Industrial Realty's Altman Z2-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.
Rexford Industrial Realty (REXR) has a Altman Z2-Score of 2.29 as of Jun. 29, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Rexford Industrial Realty and its competitors. This is 11% below median its historical median of 2.57. Over the past decade, Rexford Industrial Realty's Altman Z2-Score has ranged from 1.72 to 3.13. According to the industry distribution chart, Rexford Industrial Realty ranks #307 out of 743 companies in the REITs industry, placing it in the top 41.3%.
Is Rexford Industrial Realty's Altman Z2-Score too high?
Rexford Industrial Realty's current Altman Z2-Score of 2.29 is 11% below median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 1.72 to a high of 3.13. The REITs industry median Altman Z2-Score is 1.77. Rexford Industrial Realty's value of 2.29 is 29.4% above this industry median. Based on the distribution chart, Rexford Industrial Realty ranks #307 out of 743 companies in the REITs industry, which is above the industry midpoint. Overall, Rexford Industrial Realty has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rexford Industrial Realty's Altman Z2-Score compare to STAG and FR?
According to the REITs industry distribution chart, Rexford Industrial Realty ranks #307 out of 743 companies for Altman Z2-Score. This puts Rexford Industrial Realty in the upper half of its industry. The industry median Altman Z2-Score is 1.77. Rexford Industrial Realty's value of 2.29 is 29.4% above this benchmark. Historically, Rexford Industrial Realty's own Altman Z2-Score has ranged from 1.72 to 3.13 over the past decade. While the company's 10-year median is 2.57 vs. the industry median of 1.77, Rexford Industrial Realty has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z2-Score for a REITs company?
The median Altman Z2-Score among REITs companies is 1.77, based on 743 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Rexford Industrial Realty's current Altman Z2-Score of 2.29 is 29.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Rexford Industrial Realty and its competitors. For the REITs industry, the median Altman Z2-Score is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rexford Industrial Realty's current Altman Z2-Score is 2.29, which is 11% below median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rexford Industrial Realty stock overvalued right now?
Based on GuruFocus' analysis, Rexford Industrial Realty (REXR) is currently considered Modestly Undervalued. The stock's GF Value™ is $43.00, compared to a current price of $33.60 — trading 21.9% below its estimated fair value. The current Altman Z2-Score is 2.29, which is 11% below median its 10-year median of 2.57 and 29.4% above the REITs industry median of 1.77. Rexford Industrial Realty's overall GF Score™ is 91/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Rexford Industrial Realty (REXR), the current Altman Z2-Score is 2.29 as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Rexford Industrial Realty (REXR) Overvalued in 2026?
Based on GuruFocus' analysis, Rexford Industrial Realty stock appears to be undervalued.
The current stock price of $33.60 is trading 21.9% below its estimated GF Value™ of $43.00.
GuruFocus considers Rexford Industrial Realty to be Modestly Undervalued.
Key valuation signals for REXR:
Altman Z2-Score: 2.29 (11% below median its 10-year median of 2.57)
GF Value™: $43.00 vs. price of $33.60 (21.9% below fair value)
Industry Position: 29.4% above the REITs median (#307 of 743)
No single metric tells the full story. See the REXR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rexford Industrial Realty Inc is a real estate investment trust focused on owning, operating and acquiring industrial properties in Southern California infill markets. Its goal is to generate attractive risk-adjusted returns for the stockholders by providing superior access to industrial property investments and mortgage debt investments secured by industrial property in high-barrier Southern California infill markets. The company generates revenue from rental income derived from properties in its portfolio.
91GF Score
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