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) announced it will release its third quarter 2020 financial results on October 20, 2020, after market close. A conference call is scheduled for October 21, 2020, at 1:00 p.m. ET to discuss the results and provide a Q&A session. The company operates 233 properties totaling approximately 27.9 million rentable square feet in Southern California's infill markets, with an additional 20 properties under management, equating to 1.0 million rentable square feet.
Rexford Industrial Realty, focused on Southern California's industrial properties, announced its participation in the Bank of America Merrill Lynch 2020 Global Real Estate Conference on September 15-16, 2020. They will present on September 16 at 12:00 PM ET, with a live webcast available. As of September 12, 2020, the company reported a portfolio occupancy of 97.2%, up from 96.0%. Year-to-date acquisitions total $352.6 million, with an additional $200 million in potential investments. Recent rent collections are tracking at pre-pandemic levels, indicating strong recovery signs.
Rexford Industrial Realty (REXR) reported Q2 2020 results, revealing a net income of $0.10 per diluted share, down from $0.12 in Q2 2019. Core FFO grew 21.1% year-over-year to $38.8 million, with $0.32 per share, reflecting strong leasing activity despite COVID-19 challenges. NOI rose 25.6% to $60.9 million. The company completed acquisitions worth $76.5 million and maintained a low debt-to-enterprise value ratio of 10.5%. Guidance for 2020 remains stable, with projected net income of $0.28 to $0.31 per share.
Rexford Industrial Realty (NYSE: REXR) announced the acquisition of five industrial properties in Southern California for $73.2 million, funded through cash on hand. The total area purchased is 434,000 square feet, featuring properties in Sun Valley, Los Angeles, and Fontana. These acquisitions aim to enhance cash flow by repositioning below-market rents and tapping into the region's low vacancy rates, which include 1.8% in San Fernando Valley and 0.8% in South Bay. Year-to-date, Rexford has completed over $342 million in investments, maintaining a strong, low-leverage balance sheet.
Rexford Industrial Realty (REXR) announced the acquisition of two industrial properties in Southern California for $14.7 million. Funded through cash and debt assumption, the properties include Eastpark Drive in Yorba Linda, purchased for $6.8 million, and Production Avenue in San Diego, acquired for $7.9 million. The transaction enhances REXR's portfolio in high-demand areas. With nearly $270 million in acquisitions this year, the company aims to leverage value-add opportunities for further growth and shareholder value.