Rexford Industrial Earnings Reports

The company delivered strong Core FFO growth and maintained high occupancy levels, while boosting rental income and executing nearly 2.4 million square feet of leasing activity.

Rexford Industrial reported a net income attributable to common stockholders for the fourth quarter of $59.4 million, or $0.27 per diluted share. The Company's share of Core FFO for the fourth quarter was $128.6 million, or $0.58 per diluted share. Consolidated portfolio NOI and Cash NOI increased 15.8% and 18.0%, respectively. Same Property Portfolio NOI and Cash NOI increased 2.2% and 5.3%, respectively.

Rexford Industrial announced its Q3 2024 financial results, featuring a net income of $65.1 million, or $0.30 per diluted share, and a Company share of Core FFO of $130.0 million, or $0.59 per diluted share. The company's Consolidated Portfolio NOI increased by 17.6% compared to the prior year quarter. The company completed two acquisitions for $60.5 million and sold one property for $7.3 million.

Rexford Industrial Realty, Inc. announced its second quarter 2024 financial results, featuring a net income of $79.8 million, or $0.37 per diluted share, and a Company share of Core FFO of $129.6 million, or $0.60 per diluted share. The company experienced growth in Consolidated Portfolio NOI and Same Property Portfolio NOI, alongside significant leasing activity and strategic acquisitions.

Rexford Industrial Realty, Inc. announced strong first quarter 2024 results, with net income attributable to common stockholders of $58.6 million, or $0.27 per diluted share. The Company share of Core FFO increased by 20.3% to $123.5 million, or $0.58 per diluted share, and Consolidated Portfolio NOI grew by 14.9% to $163.5 million.

Rexford Industrial Realty reported a net income attributable to common stockholders of $61.7 million, or $0.29 per diluted share, for Q4 2023. The Company's share of Core FFO was $118.8 million, or $0.56 per diluted share, representing an increase of 31.5% and 14.3% respectively, compared to the prior year quarter. Consolidated portfolio NOI and Cash NOI increased 16.3% and 22.5%, respectively. Same Property Portfolio occupancy was 97.5%.

Rexford Industrial reported a strong third quarter in 2023, with a net income of $56.3 million, Core FFO of $115.0 million, and a consolidated portfolio NOI of $156.1 million. The company completed six acquisitions for $314.8 million and saw significant increases in rental rates and occupancy.

Rexford Industrial Realty reported strong second-quarter results, driven by its value creation-focused business model and favorable demand in Southern California's industrial market. The company increased Core FFO by 33% and Core FFO per diluted share by 10% compared to the prior year quarter. Rexford Industrial completed five acquisitions for an aggregate purchase price of $142.7 million including properties closed subsequent to quarter end.

Rexford Industrial reported a strong first quarter in 2023, marked by a 34% increase in Core FFO and strategic acquisitions totaling $804.3 million. The company benefited from high tenant demand and a supply-demand imbalance in Southern California's industrial market, achieving significant leasing spreads and maintaining high occupancy rates.

Rexford Industrial Realty reported strong Q4 2022 results, with net income of $40.7 million, or $0.22 per diluted share. Company share of Core FFO increased by 29.8% to $90.3 million, or $0.49 per diluted share, an increase of 8.9%. Consolidated Portfolio NOI increased by 35.7% to $136.4 million, while Same Property Portfolio NOI increased by 7.3%.

Rexford Industrial reported strong third quarter results, driven by growth in Core FFO and leasing activity. The company grew Core FFO per share by 16% compared to the prior year, executed 1.7 million square feet of leasing activity, and completed $977 million of investments.

Rexford Industrial Realty reported a strong second quarter in 2022, marked by significant growth in Core FFO, consolidated NOI, and leasing activity. The company completed substantial acquisitions and maintained a low-leverage balance sheet.

Rexford Industrial Realty reported a strong first quarter of 2022, with net income attributable to common stockholders of $43.9 million, or $0.27 per diluted share. Company share of Core FFO increased by 58.4% to $76.6 million, and consolidated Portfolio Net Operating Income (NOI) increased by 40.9% to $107.2 million.

Rexford Industrial Realty reported strong Q4 2021 results, driven by growth in Core FFO and consolidated NOI. The company achieved sector-leading leasing spreads and increased its dividend by over 31%.

Rexford Industrial Realty reported strong financial results for Q3 2021, with a net income of $31.5 million, a 46.9% increase in Core FFO, and a 39.4% increase in consolidated NOI compared to the prior year quarter. The company also completed significant acquisition and financing activities, positioning itself for sustained cash flow growth and long-term shareholder value.

Rexford Industrial reported strong second quarter results with Core FFO growth of 36% and 22% on a per share basis, driven by consolidated NOI growth of 31% compared to the prior year quarter. The company executed 2.2 million square feet of leasing activity at GAAP and cash releasing spreads of 34% and 21%, respectively.

Rexford Industrial Realty reported a strong first quarter in 2021, marked by a 29% increase in Core FFO and significant leasing activity. The company's portfolio saw growth in same-property NOI and maintained high occupancy rates, driven by robust demand in the Southern California industrial market.

Rexford Industrial reported a net income of $13.2 million for Q4 2020, with Core FFO increasing by 20.5%. The company completed significant acquisitions and maintained a strong balance sheet.

Rexford Industrial Realty reported a net income attributable to common stockholders of $25.9 million, or $0.21 per diluted share, for the third quarter of 2020. Company share of Core FFO was $40.6 million, or $0.33 per diluted share. Consolidated Portfolio Net Operating Income (NOI) was $62.9 million, and Consolidated Portfolio Cash NOI was $57.1 million. Stabilized Same Property Portfolio occupancy at quarter end was 98.4%.

Rexford Industrial Realty reported a net income attributable to common stockholders of $11.4 million, or $0.10 per diluted share, for the three months ended June 30, 2020. The Company share of Core FFO was $38.8 million, or $0.32 per diluted share of common stock, for the same period. The company acquired six industrial properties and one small land parcel for an aggregate purchase price of $76.5 million.

Rexford Industrial Realty reported a strong first quarter in 2020 with a 27.6% increase in Company share of Core FFO and a 29.7% increase in Consolidated Portfolio NOI. The company acquired 10 properties for $203.2 million. However, the company revised its full-year guidance due to the impact of COVID-19.

Rexford Industrial Realty, Inc. announced strong fourth quarter and full year 2019 financial results, with net income attributable to common stockholders of $19.9 million, or $0.18 per diluted share, for the three months ended December 31, 2019. Company share of Core FFO increased 31.4% to $35.8 million year-over-year.