Rexford Industrial Realty

Rexford Industrial Realty, Inc. is a self-administered and self-managed real estate investment trust, which engages in owning, operating, and acquiring industrial properties. The company was founded on January 18, 2013, and is headquartered in Los Angeles, CA.

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Rexford Industrial Realty reports stellar Q4 performance and growth prospects

Rexford Industrial Realty delivered strong financial performance in Q4 2022, marked by significant FFO growth and robust leasing activity.
The company's strategic focus on off-market investments, diverse tenant demand, and effective cost management positions it well for future growth.
While challenges exist in managing larger acquisitions and market uncertainties, Rexford's strengths in tenant relationships and financial performance offer opportunities for sustained success.
Overall, Rexford's performance, strengths, and opportunities indicate a promising outlook for continued growth and profitability in the industrial real estate sector.

Rexford Industrial Realty reports robust Q1 performance and growth opportunities

Rexford Industrial Realty's Q1 2023 performance reflects strong growth metrics and high market occupancy in Southern California. The company's balance sheet strength, internal NOI growth projections, and credit quality are notable strengths. Challenges include potential performance dispersion and uncertainties in certain transactions, while opportunities lie in value-add acquisitions and market rent growth.

Rexford Industrial excels in Q2 2023, eyes growth amid challenges

Rexford Industrial Realty's strong Q2 performance and strategic focus on growth opportunities position the company for continued success in a recovering market.
Despite challenges such as short-term rent growth volatility and higher turnover costs, the company's stable tenant base and ESG efforts provide a solid foundation.
With increased guidance for core FFO per share and a market showing signs of tightening cap rates, Rexford Industrial is poised for sustained growth and value creation.

Rexford Industrial Realty posts robust Q3 growth and ESG commitment

Rexford Industrial Realty's Q3 performance reflects strong growth and strategic positioning in the market.
Despite challenges in occupancy and financial adjustments, the company's focus on sustainability and growth opportunities is evident.
With a clear roadmap for future growth and a commitment to ESG goals, Rexford remains well-positioned for continued success.
Investors can expect steady performance and potential value creation from Rexford's proactive strategies and market resilience.

Rexford Industrial Realty excels in Q4 2023, eyes growth opportunities

Rexford Industrial Realty's Q4 2023 earnings call highlighted robust financial performance, strong market fundamentals in Infill SoCal markets, and a focus on disciplined capital allocation. Challenges in specific market segments and the need to manage early renewals were acknowledged, while opportunities for growth through leasing pipeline activity and value creation initiatives were emphasized.

Rexford Industrial Realty reports robust Q1 performance amidst market challenges

Rexford Industrial Realty's Q1 2024 performance reflects resilience and growth amidst challenging market conditions.
Strategic acquisitions, strong leasing activity, and focus on higher quality assets position Rexford for future success.
While facing market volatility and pricing challenges, Rexford's operational excellence and growth outlook signal long-term sustainability.

Rexford Industrial Realty reports growth amidst market challenges in Q3

Rexford Industrial Realty (REXR) demonstrated solid financial performance with increased FFO per share and high portfolio occupancy, despite market challenges.
The company's strategic strengths lie in its focus on key markets, strong leasing spreads, and commitment to value-enhancing investments.
While facing challenges from external factors impacting market dynamics, Rexford has opportunities for growth through ongoing investments and portfolio expansion.

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Rexford Industrial Realty, Inc. is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.

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Rexford (REXR) fortifies its position in the infill Southern California submarkets via acquisitions of industrial properties worth $46.2 million.

Rexford (REXR) Acquires Properties Worth $46M, Bolsters Growth

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LOS ANGELES , Sept. 7, 2023 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, announced the publication of an updated investor presentation.

Rexford Industrial Publishes Updated Investor Presentation

– Completed Three Industrial Property Acquisitions within Prime Infill Southern California Submarkets –– Year-to Date Investments total $1.2 Billion – LOS ANGELES , Sept. 6, 2023 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today announced three industrial property investments for an aggregate purchase price of $46.2 million.

Rexford Industrial Announces $46 Million of Investment Activity

Rexford Industrial Realty has experienced a negative 30% return to shareholders since the start of 2022, compared to the wider S&P 500's negative 3% return. Rexford's stock trades in line with peers at an implied value of 21x next year's FFO. We think the structure of Rexford's debt stack and geographic concentration are positives for the company in the long run.

Rexford: Premium Value At A Discount

Rexford operates in Southern California, the largest US industrial market, with the lowest vacancies. The LA County market has a vacancy rate of 1.5% versus a national average of 4.1%. Rexford's in-place leases are often below market, and renewals are signed at significantly higher rates.

Rexford Industrial: A Well-Positioned, But Premium Priced, SoCal REIT

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Rexford Industrial Realty focuses on industrial real estate, which is currently the most healthy commercial real estate sector. The industrial real estate market is experiencing a surge in manufacturing construction spending, driven by factors such as legislative acts and disruptions caused by the pandemic. Despite challenges in the Southern California warehouse landscape, Rexford Industrial Realty maintains a diverse tenant base and high occupancy rates, positioning it for potential long-term outperformance.

Rexford Industrial Realty: One Of The Best Industrial REITs On The Market

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California Is Getting Back to Normal, But Rexford Continues to Outperform

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– Industrial Property Acquisition within Prime Infill Southern California Submarket – – Year-to-Date Investments total $1.1 Billion – LOS ANGELES , July 24, 2023 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today announced the acquisition of an industrial property for a purchase price of $210 million. The acquisition was funded using proceeds from forward equity settlements of which the Company now has approximately $448 million remaining for settlement.

Rexford Industrial Announces $210 Million Investment

Rexford Industrial Realty, Inc. (NYSE:REXR ) Q2 2023 Earnings Conference Call July 20, 2023 1:00 PM ET Company Participants David Lanzer – General Counsel Michael Frankel – Co-Chief Executive Officer Howard Schwimmer – Co-Chief Executive Officer Laura Clark – Chief Financial Officer Conference Call Participants Camille Bonnel – Bank of America Blaine Heck – Wells Fargo John Kim – BMO Capital Markets Nate Crossett – BNP Paribas Mike Mueller – JPMorgan Vikram Malhotra – Mizuho Nick Thillman – Baird Vince Tibone – Green Street Operator Greetings. Welcome to Rexford Industrial Realty, Incorporated Second Quarter 2023 Earnings Call.

Rexford Industrial Realty, Inc. (REXR) Q2 2023 Earnings Call Transcript

Rexford Industrial (REXR) came out with quarterly funds from operations (FFO) of $0.54 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.49 per share a year ago.

Rexford Industrial (REXR) Q2 FFO Meet Estimates

LOS ANGELES , July 19, 2023 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust ("REIT") focused on creating value by investing in and operating industrial properties within Southern California infill markets, today announced financial and operating results for the second quarter of 2023. Second Quarter 2023 Financial and Operational Highlights: Net income attributable to common stockholders of $51.6 million, or $0.26 per diluted share, as compared to $36.1 million, or $0.22 per diluted share, for the prior year quarter.

Rexford Industrial Announces Second Quarter 2023 Financial Results

News for Rexford Industrial Realty Stock (REXR)