Welcome to our dedicated page for Rexford Indl Rlty news (Ticker: REXR), a resource for investors and traders seeking the latest updates and insights on Rexford Indl Rlty stock.
Rexford Industrial Realty, Inc. (NYSE: REXR) is a real estate investment trust focused on industrial properties in infill Southern California, and its news flow reflects this specialized strategy. Company updates often highlight leasing activity across millions of square feet, Same Property Portfolio performance, and trends in net effective and cash rental rate changes on new and renewal leases. Investors following REXR news can see how leasing volumes, occupancy and rent spreads evolve across key Southern California industrial submarkets.
Rexford Industrial regularly issues quarterly earnings releases that detail net income attributable to common stockholders, Core Funds From Operations (Core FFO), Core FFO per diluted share, Total Portfolio NOI and Same Property Portfolio NOI. These releases also describe repositioning and redevelopment leasing, stabilization of value-add projects, and property dispositions, often accompanied by information on unlevered internal rates of return and stabilized yields.
Beyond earnings, REXR news includes operating and capital markets updates covering leasing progress, occupancy levels, share repurchase activity, debt repayment, credit facility amendments and interest rate hedging actions. The company also reports on board and leadership developments, such as its CEO succession plan and the appointment of new independent directors, as well as executive compensation program decisions disclosed through SEC filings and related press releases.
Rexford Industrial additionally publishes news on its ESG and climate-related initiatives, including the release of its Environmental, Social and Governance Impact (ESGi) Report and Task Force on Climate-Related Financial Disclosures (TCFD) Report. These communications outline environmental, societal and governance priorities, such as solar investments, building certifications, community engagement and shareholder outreach. For investors and analysts, the REXR news stream provides ongoing insight into operational performance, capital allocation, governance and sustainability efforts within the infill Southern California industrial real estate market.
Rexford Industrial Realty (NYSE: REXR) announced it will release its second-quarter 2021 financial results after the market closes on July 21, 2021. A conference call with senior management is scheduled for July 22, 2021, at 1:00 PM ET. Rexford Industrial specializes in investing and operating industrial properties within Southern California's infill markets, boasting 266 owned properties totaling approximately 33.0 million rentable square feet and managing an additional 20 properties with about 1.0 million rentable square feet.
Rexford Industrial Realty has successfully expanded its unsecured revolving credit facility, increasing its borrowing capacity by $200 million to $700 million. The company also announced a 60 basis point reduction in the pricing of its $150 million unsecured term loan, now priced at LIBOR plus 95 basis points. These measures enhance liquidity and support growth in Southern California's industrial market, providing Rexford with a strong financial position to maximize shareholder value.
Rexford Industrial Realty, Inc. (NYSE: REXR) announced the acquisition of five industrial properties totaling 660,254 square feet for $188.9 million. The acquisitions were funded through cash-on-hand and equity offerings. Key properties include a $93.6 million campus in Los Angeles, a $27.4 million Torrance headquarters, and others in Rancho Dominguez and Valencia. The company has completed $420 million in acquisitions in 2021 and has an additional $600 million under contract. The acquisitions are expected to generate favorable cash flow growth amidst high tenant demand in Southern California.
Rexford Industrial Realty (NYSE: REXR) announced the acquisition of five industrial properties totaling 79,305 square feet for $68.1 million and the sale of one property for $8.2 million. The acquisitions, funded by cash and 1031 proceeds, reflect the company's strategy in Southern California's strong industrial market. The firm highlighted robust internal growth and $525 million in additional investments under contract. The acquisitions are expected to enhance cash flow and yield, with initial yields ranging from 4.5% to 6.1%. Overall, REXR aims to create significant shareholder value.
Rexford Industrial Realty, a real estate investment trust specializing in Southern California's industrial properties, announced participation in Nareit's REITWeek: 2021 Virtual Investor Conference. Co-CEOs Michael Frankel and Howard Schwimmer, along with CFO Laura Clark, will present on June 8, 2021, from 2:15 p.m. to 2:45 p.m. ET. An updated investor presentation is available on their website. Rexford currently owns 261 properties totaling approximately 32.3 million rentable square feet and manages an additional 20 properties with 1.0 million square feet.
Rexford Industrial Realty (NYSE: REXR) has announced the pricing of a public offering of 9,000,000 shares of its common stock, expected to generate approximately $500.4 million in gross proceeds. The offering involves forward sale agreements with J.P. Morgan and BofA Securities, allowing the company to use proceeds for future acquisitions and general corporate purposes. While Rexford will not initially receive the funds from the sale, they plan to contribute any cash proceeds from the eventual settlement of the agreements to their operating partnership.
Rexford Industrial Realty has initiated a public offering of 9,000,000 shares of its common stock. This offering is backed by forward sale agreements with J.P. Morgan and BofA Securities. The shares will be sold at market prices through various transaction methods. The company will not receive immediate proceeds from this offering; however, it plans to use future cash proceeds for acquisitions, redevelopment, and other corporate purposes. Currently, Rexford manages 259 properties in Southern California, totaling approximately 32.2 million rentable square feet.
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Rexford Industrial Realty reported strong Q1 2021 results with net income of $24.9 million ($0.19/share), up from $10.8 million ($0.09/share) in Q1 2020. Core FFO rose 28.9% to $48.4 million ($0.37/share). NOI increased 28.1% to $76.1 million, and same property NOI grew 6.8%. The company executed 122 leases, achieving rental rates 47.1% higher than previous rents. Rexford had a low net debt-to-enterprise value of 13.0%. Guidance for net income per share was revised to $0.48-$0.51, and Core FFO was set at $1.41-$1.44.
Rexford Industrial Realty, Inc. (REXR) has acquired five industrial properties totaling 382,314 square feet for $68.8 million and sold a property for $1.5 million. The acquisitions are in Southern California's infill markets, enhancing the company's footprint in a competitive area. The acquisitions were funded through cash and 1031 exchange proceeds. The company aims to leverage value-add opportunities to improve cash flow and stabilize yields. With over $350 million in acquisitions under contract, Rexford anticipates substantial long-term shareholder value creation.