Agree Realty Corporation (ADC) vs Rexford Industrial Realty, Inc. (REXR)
A side-by-side comparison of Agree Realty Corporation and Rexford Industrial Realty, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.
Total return — ADC vs REXR
growth of $100 · dividends reinvested · last 10yADC vs REXR: by the numbers
- •REXR is the larger company ($8.42B vs $7.89B market cap).
- •ADC is profitable (28.87% net margin) while REXR runs a net loss (-39.74%).
- •ADC grew revenue faster over the past five years (21.41% vs 21.19% CAGR).
- •ADC pays the higher dividend yield (4.88% vs 4.73%).
Metrics side by side
Valuation
| Metric | ADC | REXR |
|---|---|---|
| P/E ratio | 35.33 | N/A |
| Forward P/E | 34.60 | N/A |
| PEG ratio | 103.91 | N/A |
| P/S ratio | 10.12 | 8.55 |
| P/B ratio | 1.21 | 1.12 |
| EV / EBITDA | 17.95 | 16.94 |
| FCF yield | N/A | 2.70% |
For REITs like Agree Realty Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Rexford Industrial Realty, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | ADC | REXR |
|---|---|---|
| Gross margin | 87.73% | 77.30% |
| Operating margin | 48.35% | 39.57% |
| Net margin | 28.87% | -39.74% |
| ROE | 3.45% | -5.19% |
| ROIC | 3.56% | 3.46% |
Dividends
| Metric | ADC | REXR |
|---|---|---|
| Dividend yield | 4.88% | 4.73% |
| Payout ratio | 170.65% | N/A |
Agree Realty Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Rexford Industrial Realty, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | ADC | REXR |
|---|---|---|
| Revenue CAGR (5Y) | 21.41% | 21.19% |
| EPS CAGR (5Y) | 0.11% | 11.02% |
| FCF CAGR (5Y) | N/A | 13.91% |
| Total return CAGR (5Y) | 3.76% | -5.80% |
Frequently asked
- Which has grown faster, ADC or REXR?
- Over the past five years, ADC grew revenue faster — ADC at a 21.41% CAGR versus REXR at 21.19%.
- Does ADC or REXR pay a bigger dividend?
- ADC yields 4.88% and REXR yields 4.73% based on trailing dividends and the latest price.
- Is ADC or REXR more profitable?
- ADC runs the higher net margin — ADC at 28.87% versus REXR at -39.74%.
- How have ADC and REXR total returns compared?
- Over the past 10 years, ADC delivered 7.04% and REXR delivered 7.51% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Agree Realty & Rexford Industrial Realty appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.