• Rexford Industrial Realty average gross margin for 2023 was 76.61%, a 0.63% increase from 2022.
• Rexford Industrial Realty average gross margin for 2022 was 76.13%, a 0.14% increase from 2021.
• Rexford Industrial Realty average gross margin for 2021 was 76.02%, a 0.14% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.