LINE vs REXR: Lineage and Rexford Industrial Realty compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Lineage is the larger company, worth $8.5B, close to Rexford Industrial Realty's $8.4B.
- Lineage grew revenue faster over the last year (+0.8% vs -100.0%).
- Lineage keeps more of each dollar of revenue as operating profit (3.6% vs -191138.1%).
- Lineage's price assumes faster free cash flow growth: about 15% a year, against 14% for Rexford Industrial Realty (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | LINE | REXR |
|---|---|---|
| Market cap | $8.5B | $8.4B |
| Share price | $34.43 | $36.74 |
| Revenue (last fiscal year) | $5.4B | $589,000 |
| Free cash flow (last fiscal year) | $196M | $209M |
| Revenue growth, last year | +0.8% | -100.0% |
| Revenue growth per year, last 5 fiscal years | +2.8% | +5.9% |
| Operating margin | 3.6% | -191138.1% |
| Net margin | -3.1% | -123321.6% |
| Return on equity | -2.1% | -5.2% |
| P/E (trailing) | — | 38.4x |
| Price / free cash flow | 43.3x | 40.1x |
| EV / EBITDA | 15.6x | 17.8x |
| FCF growth the price implies | 15.1% | 14.1% |
| Dividend yield | 6.4% | 4.7% |
| Debt / equity | 1.27x | 0.50x |
| Fundamental grade | D | F |
| Superinvestors holding it | 2 | 4 |
| Insider purchases, last 12 months | 8 | 3 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Lineage
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $4.9B | -$312M | 6.0% |
| 2023 | $5.3B | $30M | 7.5% |
| 2024 | $5.3B | $12M | -6.8% |
| 2025 | $5.4B | $196M | 3.4% |
Rexford Industrial Realty
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $468,000 | $129M | -65707.7% |
| 2022 | $616,000 | $193M | -66711.9% |
| 2023 | $682,000 | $161M | -73802.6% |
| 2024 | $611,000 | $106M | -92806.7% |
| 2025 | $589,000 | $209M | -105587.6% |
Where the revenue comes from
Lineage · by segments, 2025
Global Warehousing$4.0B74%
Global Integrated Solutions$1.4B26%
Rexford Industrial Realty
No segment breakdown reported.
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open LINE in InvestinglyQuestions
Which is bigger, Lineage or Rexford Industrial Realty?
Lineage (LINE), at $8.5B against $8.4B.
Which grows faster, LINE or REXR?
Lineage: revenue grew +0.8% over the last year, against -100.0%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.