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Dec 31, 2021
Rexford Industrial Q4 2021 Earnings Report
Announced financial results for the fourth quarter and full year of 2021.
Key Takeaways
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%.
Net income attributable to common stockholders of $34.8 million, or $0.23 per diluted share.
Company share of Core FFO of $69.6 million, an increase of 61.5% as compared to the prior year quarter.
Consolidated Portfolio Net Operating Income (NOI) of $100.5 million, an increase of 51.2% as compared to the prior year quarter.
Comparable rental rates on 1.0 million rentable square feet of new and renewal leases increased by 34.2% compared to prior rents on a GAAP basis and by 21.5% on a cash basis.
Revenue by Segment
Forward Guidance
The Company is initiating its full year 2022 guidance as indicated below. The Core FFO guidance refers only to the Company’s in-place portfolio as of February 9, 2022, and does not include any assumptions for other acquisitions, dispositions or related balance sheet activities that have not closed.
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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