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Rexford Industrial Realty, Inc. - $REXR STOCK NEWS

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

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.

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Rhea-AI Summary
Rexford Industrial Realty has acquired an industrial property in Santa Fe Springs, California for $210 million. The property is situated on 22.4 acres and is 100% leased to two tenants. The investment is expected to generate an initial unlevered cash yield of 5.0% and a stabilized cash yield of 6.2% through re-leasing at market rents and contractual annual rent increases of 4.0%. The vacancy rate in the LA – Mid-Counties submarket was 1.0% at the end of the second quarter 2023.
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1.32%
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Rhea-AI Summary
Rexford Industrial Realty, Inc. (NYSE: REXR) announced its Q2 2023 financial and operating results. The company reported a net income of $51.6 million, or $0.26 per diluted share, compared to $36.1 million, or $0.22 per diluted share, in the prior year quarter. The company's Core FFO increased by 32.8% to $108.4 million, and Core FFO per diluted share increased by 10.2% to $0.54. The Consolidated Portfolio Net Operating Income (NOI) increased by 31.9% to $149.8 million, and the Same Property Portfolio NOI increased by 8.0%. The company completed five acquisitions for $142.7 million and ended the quarter with a low-leverage balance sheet.
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0.06%
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1.73%
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Rexford Industrial Realty, Inc.

NYSE:REXR

REXR Rankings

REXR Stock Data

10.10B
428.14M
0.27%
101.73%
6.95%
Other Financial Vehicles
Finance and Insurance
Link
United States of America
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.