REXFORD INDUSTRIAL REALTY (REXR) Stock News, May-Sep 2022

Rexford Industrial Realty announced the acquisition of seven industrial properties in Southern California for approximately $339 million. This investment is part of the company's strategy to leverage its expertise in value-add industrial properties and capitalize on off-market opportunities. Year-to-date, Rexford has made investments totaling $2 billion, with a pipeline of an additional $200 million. The properties, located in prime submarkets, are expected to generate stabilized cash yields between 2.4% and 5.5%. The acquisitions enhance Rexford's portfolio of 344 properties totaling 41.6 million square feet.

Rexford Industrial Realty, Inc. (NYSE: REXR) has received credit rating upgrades from Moody's and S&P Global Ratings. Moody's upgraded its issuer rating to Baa2 from Baa3, while S&P raised it to BBB+ from BBB, both maintaining a stable outlook. The upgrades reflect Rexford's strong business model and its focus on the high-demand industrial market of Southern California. The company's portfolio includes 336 properties and approximately 41.0 million rentable square feet. CFO Laura Clark stated that the upgrades position Rexford for continued growth and value creation for shareholders.

Rexford Industrial Realty reported financial results for Q2 2022, highlighting net income of $36.1 million ($0.22 per share), up from $20.6 million ($0.15 per share) YoY. Core FFO surged to $81.7 million, marking a 54.7% increase, with Core FFO per share at $0.49, up 25.6%. The company acquired 18 properties for $598.9 million, achieving a portfolio NOI of $113.6 million (up 42.5%). With 99.1% occupancy in the Same Property Portfolio and strong leasing activity, Rexford remains well-positioned, holding a low net debt-to-enterprise value ratio of 13.5%. Updated 2022 guidance indicates a positive outlook for growth.

Rexford Industrial Realty (REXR) has acquired seven industrial properties for $661 million in prime Southern California locations. The year-to-date investments total $1.6 billion, aimed at capitalizing on the high demand and low vacancy in the area. Noteworthy acquisitions include a 1,057,419 square foot complex in Eastvale for $470 million and several strategically positioned buildings with potential for above-market returns. The company's low-leverage position and additional $500 million in future investments are expected to drive substantial cash flow growth.

Rexford Industrial Realty, a leading real estate investment trust focused on industrial properties in Southern California, announced the release of its second quarter 2022 financial results post-market on July 20, 2022. Following the results announcement, a conference call is scheduled for July 21, 2022, at 1:00 PM ET. Interested parties can join through dial-in numbers or a webcast. Rexford operates a portfolio of 328 properties, totaling approximately 39.3 million rentable square feet, catering to a diverse tenant base.

Rexford Industrial Realty has acquired six industrial properties in Southern California for $218.4 million, funded by cash and a line of credit. This brings the year-to-date investment total to $993 million. The properties, mostly leased below market rates, are expected to generate above-market returns and drive cash flow growth. The company has a pipeline of over $700 million in additional investments under contract. With a low vacancy rate in the region, Rexford aims to renew existing leases or re-tenants at market rates to enhance cash yields.

Rexford Industrial Realty, Inc. (NYSE: REXR) announced the publication of an updated investor presentation ahead of upcoming investor meetings. This presentation includes quarter-to-date operating results as well as information on transactions and capital markets activities, accessible on their investor relations website. The company focuses on investing and operating industrial properties in Southern California, a key market with high demand and low supply. Rexford Industrial holds a portfolio of 322 properties totaling approximately 38.8 million rentable square feet, targeting internal and external growth opportunities.

Rexford Industrial Realty, Inc. (REXR) announced the acquisition of four industrial properties in Southern California for $163.8 million. This investment is part of their strategy to expand within the region's low-supply, high-demand market. Year-to-date, the company has invested $774 million, with a significant portion through off-market transactions. Notable acquisitions include a 200,000 square foot Class-A building in Panorama City and a site for redevelopment in Fullerton. The company aims to enhance cash yields and drive long-term shareholder value.

Rexford Industrial Realty (REXR) has been awarded the 2022 Green Lease Leaders Gold recognition by the Institute for Market Transformation and the U.S. Department of Energy. This honor acknowledges the company's efforts in sustainability, focusing on energy management, tenant engagement, and green building initiatives. The Co-CEOs highlighted Rexford’s commitment to Environmental, Social, and Governance (ESG) practices as central to its value creation strategy. The firm operates in Southern California's industrial sector, boasting a portfolio of 318 properties and 38.3 million rentable square feet.