REXR Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	8.4B EUR	7.47B EUR	7.41B EUR	8.97B EUR
Enterprise Value	12.02B EUR	10.7B EUR	10.6B EUR	12.05B EUR
Valuation Multiples
Trailing P/E	--	--	31.92x	63.67x
Forward P/E	37.2x	--	--	--
Price to Sales	8.47x	7.53x	7.44x	11.94x
Price to Book	1.11x	0.99x	0.9x	1.06x
EV/Revenue	12.11x	10.79x	10.65x	16.05x
EV/EBITDA	17.74x	16.97x	17x	26.84x
Price to FCF (P/FCF)	24.58x	32.89x	34.71x	66.29x
EV/FCF	35.15x	47.11x	49.69x	89.11x
FCF Yield	4.07%	3.04%	2.88%	1.51%