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 (REXR) maintains a dominant position in Southern California's industrial real estate market through strategic acquisitions and value-driven property management. This news hub provides investors with essential updates on corporate developments, financial performance, and market positioning within the competitive REIT sector.
Access timely reports, earnings announcements, and strategic initiative updates to monitor REXR's progress in optimizing its industrial property portfolio. The curated news collection covers critical areas including asset acquisitions, tenant lease agreements, property redevelopments, and capital market activities.
Key updates feature analysis of REXR's infill market strategy, portfolio diversification efforts, and operational milestones within constrained Southern California industrial markets. Regular updates provide insights into management's approach to maintaining high occupancy rates and navigating regional real estate dynamics.
Bookmark this page for streamlined access to verified REXR news sources, including official SEC filings and press releases. Stay informed about critical developments affecting one of industrial real estate's most geographically focused REITs through our comprehensive news aggregation.
Rexford Industrial Realty reported robust first quarter 2023 results, showcasing a net income of $57.9 million, or $0.30 per diluted share, up from $43.9 million and $0.27 in the prior year period. The Company's share of Core FFO reached $102.7 million, a significant 34.0% increase year-over-year, with Core FFO per diluted share rising 8.3% to $0.52. Consolidated Portfolio NOI saw a 32.8% increase to $142.3 million, while Same Property Portfolio NOI grew by 7.3%. The Company maintained a strong portfolio occupancy rate of 98.0%.
Additionally, Rexford Industrial completed acquisitions totaling $804.3 million year-to-date, primarily through off-market transactions. The updated 2023 guidance for Core FFO per diluted share is now $2.11 - $2.15, reflecting confidence in continued growth.
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