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, Inc. (NYSE: REXR) will announce its Q1 2021 financial results post-market on April 21, 2021. A conference call for analysts will follow on April 22, 2021, at 1:00 p.m. ET. The company, focused on industrial properties in Southern California, owns 253 properties totaling about 31.9 million rentable square feet and manages an additional 20 properties with 1.0 million rentable square feet. Investors are encouraged to participate in the call or listen via webcast.
Rexford Industrial Realty (NYSE: REXR) announced that Co-CEOs Michael Frankel and Howard Schwimmer will present at the 2021 Citi Global Property CEO Conference on March 9, 2021, at 3:30 PM ET. The Company, which focuses on industrial properties in Southern California, owns 253 properties totaling approximately 31.9 million rentable square feet and manages an additional 20 properties with around 1 million rentable square feet. An updated investor presentation will be available on its investor relations website prior to the conference.
Rexford Industrial Realty (REXR) reported its Q4 and full-year 2020 results, showing a net income of $13.2 million ($0.10/share) in Q4, down from $19.9 million ($0.18/share) in Q4 2019. However, Core FFO increased by 20.5% to $43.1 million, achieving Core FFO/share of $0.34, up 6.3%. The Stabilized Same Property Portfolio occupancy was 98.2%, with rental rates on new leases averaging 29.9% higher. The company acquired 17 properties for $874.9 million and increased its dividend by 11.6%. For 2021, the Core FFO guidance is projected at $1.40 - $1.43/share.
Rexford Industrial Realty (NYSE: REXR) announced the acquisition of five industrial properties in Southern California for a total of $72.7 million. The properties cover 176,670 square feet, a 2.5-acre outdoor storage site, and a 5.6-acre redevelopment site. The purchase was funded with cash, 1031 exchange proceeds, and debt assumption on one property. The acquisitions aim to enhance cash flow through repositioning efforts, reflecting the company's strategy to capitalize on high-demand industrial markets in the region.
Rexford Industrial Realty (NYSE: REXR) disclosed the 2020 tax treatment for its common and preferred stock dividends. The total common stock dividend for 2020 was $1.045 per share, with $0.834238 classified as ordinary dividends. Key distributions include $0.215 per share for Q1-Q4, with a portion taxable in 2020 and 2021. For preferred stock (Series A, B, and C), the total distribution was $1.468752 per share, all classified as ordinary dividends. Shareholders should consult tax advisors for personal tax treatment.
Rexford Industrial Realty, Inc. (NYSE: REXR) reported strong operating results for Q4 and full year 2020, amid COVID-19 challenges. The company executed over 1.8 million square feet of leases, with a 30% increase in leasing spreads. Full-year acquisition volume reached $1.2 billion, with $875 million in Q4 alone. Rent collections for Q4 were 97.3%. The company maintains a robust pipeline, with $140 million in acquisitions under consideration. Rexford reported a cash balance of $176 million, with no debt maturities until 2022, positioning the company well for future growth.
Rexford Industrial Realty will release its fourth quarter and full year 2020 financial results after market close on February 10, 2021. A conference call is scheduled for February 11, 2021, at 1:00 p.m. Eastern Time to discuss the results and recent developments.
The company operates in Southern California's industrial property market, owning 248 properties with approximately 31.5 million rentable square feet. They also manage an additional 20 properties totaling about 1.0 million rentable square feet.
Rexford Industrial Realty announced the acquisition of a four-building industrial portfolio and an industrial outdoor storage property for $103.1 million, which closed on December 31, 2020. This acquisition, funded through operating partnership units and cash, adds to the Company's extensive portfolio of industrial properties in Southern California. In 2020, Rexford acquired $1.22 billion in industrial properties, expanding its holdings to 248 properties with approximately 31.5 million square feet. The new properties are expected to yield attractive long-term cash flows.
Rexford Industrial Realty, Inc. (NYSE: REXR) announced the appointment of Debra L. Morris as an independent director effective December 31, 2020. Morris brings extensive experience in corporate finance and real estate, currently serving as CFO at Apria Healthcare and previously at SITEL Worldwide. Her addition aligns with the company’s goal of improving board diversity. Concurrently, Steven C. Good will retire from the Board. Morris will join the Audit and Compensation Committees, with Tyler Rose becoming Audit Committee Chair.
Rexford Industrial Realty has acquired a six-building industrial portfolio in Vernon for $93.8 million and an industrial outdoor storage yard in Santa Fe Springs for $16.8 million, totaling $110.6 million. The portfolio, comprising 464,415 square feet, is fully leased at rents approximately 28% below market rates, with an initial unlevered yield of 4.5%. The storage yard, leased at 23% below market rates, offers a 4% yield. These acquisitions, funded by cash, underscore Rexford's strategy to capitalize on Southern California's low-supply market and enhance long-term shareholder value.