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Rexford Industrial Realty Inc - REXR STOCK NEWS

Welcome to our dedicated news page for Rexford Industrial Realty (Ticker: REXR), a resource for investors and traders seeking the latest updates and insights on Rexford Industrial Realty.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Rexford Industrial Realty's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Rexford Industrial Realty's position in the market.

News
Rexford Industrial Announces First Quarter 2024 Financial Results
Rhea-AI Summary
Rexford Industrial Realty, Inc. announces strong first quarter 2024 financial results with net income of $58.6 million, Core FFO increase of 20.3%, and consolidated portfolio NOI growth of 14.9%. The company completed $1.1 billion in acquisitions and maintained a low-leverage balance sheet. Rexford's leasing activity and occupancy rates remain robust, positioning the company for future growth and value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
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News
Rexford Industrial Receives Green Lease Leader Platinum Recognition
Rhea-AI Summary
Rexford Industrial Realty, Inc. has been awarded the prestigious 2024 Green Lease Leader Platinum recognition for its commitment to sustainability and energy efficiency in its industrial properties. The Company's collaborative efforts with tenants, science-based targets, and high green building standards have earned them this accolade.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
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none
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News
Rexford Industrial Acquires Blackstone Industrial Assets in Combined $1 Billion Investment
Rhea-AI Summary
Rexford Industrial Realty, Inc. acquires 3 million sq ft of industrial properties in Southern California from Blackstone for $1.0 billion. The portfolio includes 48 properties with an average price of $332 per sq ft, generating a 4.7% initial cash yield and 5.6% stabilized cash yield. The investments were funded through senior note offerings and cash on hand, strengthening the company's position in the high-demand industrial market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
acquisition
News
Rexford Industrial Announces Pricing of Offering of $500 Million Exchangeable Senior Notes due 2027 and $500 Million Exchangeable Senior Notes due 2029
Rhea-AI Summary
Rexford Industrial Realty, Inc. announces the pricing of $500 million each of 4.375% exchangeable senior notes due 2027 and 4.125% exchangeable senior notes due 2029 in a private offering. The notes are guaranteed by Rexford Industrial and will be settled on March 28, 2024. The offering includes a 30-day option for additional notes. The notes will accrue interest semi-annually and mature in 2027 and 2029. Noteholders have the right to exchange their notes under certain conditions. The initial exchange rate and price represent a premium over the last reported stock price. The net proceeds will be used for acquisitions, development activities, and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
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none
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News
Rexford Industrial Announces Pricing of Public Offering of 17,179,318 Shares of Common Stock to an Existing Long-Only Investor Based on the West Coast
Rhea-AI Summary
Rexford Industrial Realty, Inc. announced a public offering of 17,179,318 shares of its common stock at $48.95 per share. The company entered into a forward sale agreement with BofA Securities for the sale. Additionally, its operating partnership priced $500 million aggregate principal amount of exchangeable senior notes due 2027 and 2029 in a private offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
Tags
offering
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News
Rexford Industrial Announces Proposed Offering of Exchangeable Senior Notes due 2027 and Exchangeable Senior Notes due 2029
Rhea-AI Summary
Rexford Industrial Realty, Inc. announces a private offering of $500 million each of exchangeable senior notes due 2027 and 2029 by its operating partnership. The notes will be guaranteed by Rexford Industrial and used for acquisitions, development activities, and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.2%
Tags
none
News
Rexford Industrial Announces Public Offering of $840 Million of Common Stock to an Existing Long-Only Investor Based on the West Coast
Rhea-AI Summary
Rexford Industrial Realty, Inc. (REXR) has initiated a public offering of $840 million of its common stock with a forward sale agreement. The company plans to enter into a forward sale agreement with BofA Securities for $840 million of shares. The offering will be handled by BofA Securities, and the forward sale price will be determined based on the closing price of the stock on March 26, 2024. Additionally, the company's operating partnership intends to offer $500 million aggregate principal amount of exchangeable senior notes due 2027 and $500 million aggregate principal amount of exchangeable senior notes due 2029 in a private offering to qualified institutional buyers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.2%
Tags
offering
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News
Rexford Industrial Announces Dates for First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
Rexford Industrial Realty, Inc. (REXR) announces the release of first quarter 2024 financial results and a conference call with senior management on April 18, 2024. The Company focuses on industrial properties in Southern California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
earnings
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News
Rexford Industrial to Present at the Citi 2024 Global Property CEO Conference
Rhea-AI Summary
Rexford Industrial Realty, Inc. (REXR) will present at the Citi 2024 Global Property CEO Conference on March 5, 2024. The company focuses on investing in and operating industrial properties in Southern California. Investors can access the live webcast and a replay will be available on the investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
Tags
conferences
News
Rexford Industrial Announces Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Rexford Industrial Realty, Inc. (REXR) reported a strong financial performance for the fourth quarter and full year 2023, with net income attributable to common stockholders of $227.4 million, an increase in Core FFO, NOI, and rental rates, and a low-leverage balance sheet. The company also completed significant transactions and acquisitions, demonstrating strong tenant demand fundamentals in its target markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.61%
Tags
earnings
Stock REXR logo
Rexford Industrial Realty Inc

NYSE:REXR

REXR Rankings

#814 Ranked by Market Cap
#3569 Ranked by Stock Gains
#892 Ranked by Dividends

REXR Stock Data

10.34B
428.14M
0.27%
101.73%
6.95%
Other Financial Vehicles
Finance and Insurance
Link
US
Los Angeles

About REXR

rexford industrial (nyse: rexr) is a real estate investment trust focused on owning and operating industrial properties in southern california in-fill markets. the company owns interests in 116 properties with approximately 11.4 million rentable square feet and manages an additional 19 properties with approximately 1.2 million rentable square feet. for additional information, visit www.rexfordindustrial.com.