• Rexford Industrial Realty average return on tangible equity for 2023 was 2.79, a 0% increase from 2022.
• Rexford Industrial Realty average return on tangible equity for 2022 was 2.79, a 12.5% decline from 2021.
• Rexford Industrial Realty average return on tangible equity for 2021 was 2.48, a 16.43% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.