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Jun 30, 2022
Rexford Industrial Q2 2022 Earnings Report
Announced second quarter 2022 financial results.
Key Takeaways
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.
Net income attributable to common stockholders was $36.1 million, or $0.22 per diluted share.
Company share of Core FFO reached $81.7 million, a 54.7% increase year-over-year.
Consolidated Portfolio Net Operating Income (NOI) increased by 42.5% compared to the prior year quarter.
Acquired 18 properties for an aggregate purchase price of $598.9 million.
Revenue by Segment
Forward Guidance
The Company is revising its full year 2022 guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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