COMPARE · Data as of August 27, 2026

IIPR vs REXR

Verdict: Side-by-side breakdown using the Bull Rankings model. IIPR scored 64.0, REXR scored 69.0 — REXR leads.
Compare another set
IIPR
Innovative Industrial Properties, Inc.
REIT - Industrial · Financial strength
68.2Fin
$56.42 · $1.6B
fundamentals as of
Strength gap
0.1
IIPR leads
REXR
Rexford Industrial Realty, Inc.
REIT - Industrial · Financial strength
68.1Fin
$37.12 · $8.5B
fundamentals as of
  • Fastest growthREXR+7.1%
  • Strongest balance sheetIIPR0.33
THE BULL RANKINGS SCORECARD68.2/ 100 · FIN STRENGTHPEER MEDIANREIT68.2
THE BULL RANKINGS SCORECARD68.1/ 100 · FIN STRENGTHPEER MEDIANREIT68.1
YieldIIPR13.3%REXR4.7%
RevIIPR-13.8%REXR+7.1%
D/EIIPR0.33REXR0.41
IIPR
REXR
13.3%C+
Yield
4.7%B+
-13.8%D
Rev
+7.1%B
0.33A
D/E
0.41A
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
IIPRInnovative Industrial Properties, Inc.
REIT - Industrial · $56.42 · beta 1.40
Why now
REIT - Industrial · market cap $1.6b. 14% off the 52-week high of $65.38. Revenue -14% — in contraction; any catalyst that reverses this triggers re-rating. 4 sell-side analysts rate this a Hold with a mean 1-yr target of $64.50 (implying +14% upside).
Moat
Net margin 52% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma.
Risk
Revenue contracting -14% — the operational turn is not yet visible in the top line. Beta 1.40 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Dividend payout 172% of earnings on a 13.3% yield — distribution coverage is thin; one earnings stumble could force a dividend cut.
REXRRexford Industrial Realty, Inc.
REIT - Industrial · $37.12 · beta 1.21
Why now
REIT - Industrial · market cap $8.5b. 16% off the 52-week high of $44.38. 16 sell-side analysts rate this a Hold with a mean 1-yr target of $40.25 (implying +8% upside).
Moat
Turnaround / out-of-favor name — GAAP-unprofitable for now, so the durability case is forward-looking: it rests on a recovery (margin normalization, a cyclical upturn or restructuring) or an un-monetized asset (IP / network effects / first-mover position) rather than on current reported results.
Risk
Currently unprofitable (margin -39.2%) — path to GAAP profitability is the core thesis risk. Dividend payout 184% of earnings on a 4.7% yield — distribution coverage is thin; one earnings stumble could force a dividend cut. ROE -5% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate.
Generating verdict… typically 5–10 seconds
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