Rexford Industrial Provides Disposition and Share Repurchase Update

Rhea-AI Summary

Rexford Industrial (NYSE: REXR) provided a disposition and share repurchase update on April 1, 2026. Year-to-date through March 31, 2026, Rexford sold five properties for an aggregate $127.4 million, including three newly disclosed transactions, and expects to preserve approximately $32 million of development capital spend.

The company has about $170 million of dispositions under contract or accepted offer. Year-to-date Rexford repurchased 5,534,357 shares for $200 million at a weighted average price of $36.14, with $300 million remaining under its $500 million buyback program.

Positive

• YTD dispositions totaling $127.4 million
• 5,534,357 shares repurchased for $200 million
• $300 million remaining under $500 million repurchase program
• $170 million of dispositions under contract or accepted offer
• Preserved approximately $32 million of development capital spend

Negative

• Pending dispositions are subject to customary due diligence; closings are not guaranteed

Key Figures

YTD dispositions: $127.4M Dispositions pipeline: $170M YTD repurchases: $200M +5 more

8 metrics

YTD dispositions $127.4M Aggregate sales price for five properties YTD through Mar 31, 2026

Dispositions pipeline $170M Dispositions under contract or accepted offer

YTD repurchases $200M Common stock repurchased YTD through Mar 31, 2026

Shares repurchased 5,534,357 shares Common shares bought back YTD through Mar 31, 2026

Buyback price $36.14 per share Weighted average price paid for repurchased shares

Program availability $300M Remaining under current $500M share repurchase program

Repurchase program size $500M Total authorization under current share repurchase program

Capex preserved $32M Capital spend avoided via Vermont Avenue disposition

Market Reality Check

Price: $32.73 Vol: Volume 2,771,829 is rough...

normal vol

$32.73 Last Close

Volume Volume 2,771,829 is roughly in line with 20-day average 2,817,368. normal

Technical Shares at $32.73, trading below 200-day MA of $39.17 despite accretive capital actions.

Peers on Argus

REXR gained 0.34% while peers LINE (1.83%), EGP (0.54%), CUBE (0.55%), FR (0.42%...

REXR gained 0.34% while peers LINE (1.83%), EGP (0.54%), CUBE (0.55%), FR (0.42%) and EXR (1.03%) also traded higher, indicating a broadly supportive REIT backdrop alongside company-specific buyback news.

Historical Context

5 past events · Latest: Mar 19 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 19	Earnings call timing	Neutral	-1.6%	Announced dates and access details for Q1 2026 earnings call.
Feb 26	Business update	Neutral	-1.1%	Outlined early-2026 dispositions and new $500M buyback ahead of conference.
Feb 26	Management change	Neutral	-1.1%	Promoted John Nahas to COO and reaffirmed G&A guidance and lower comp.
Feb 04	Earnings results	Positive	-6.5%	Reported 2025 Core FFO growth, strong NOI and new buyback authorization.
Jan 22	Dividend tax data	Neutral	+1.4%	Released detailed 2025 tax treatment for common and preferred dividends.

Pattern Detected

Recent history shows a notable selloff of -6.45% on fundamentally solid 2025 earnings, while other neutral corporate updates have led to modest moves, suggesting occasional downside skew around major financial disclosures.

Recent Company History

Over the past few months, Rexford has focused on earnings, governance and capital allocation. On Feb 4, 2026, it reported 2025 results with net income of $200.2M and Core FFO of $558.6M, yet the stock fell 6.45%. Subsequent updates on executive changes, guidance reaffirmation and capital allocation, plus conference and dividend tax disclosures, produced smaller price moves. Today’s disposition and buyback update extends this capital recycling and repurchase narrative under the new leadership structure.

Market Pulse Summary

This announcement highlights Rexford’s ongoing capital recycling and repurchase strategy, with $127....

Analysis

This announcement highlights Rexford’s ongoing capital recycling and repurchase strategy, with $127.4M of year-to-date dispositions and $200M of buybacks at a weighted average of $36.14, leaving $300M available under a $500M program. In context of prior updates on earnings, governance and guidance, the focus remains on per-share value and portfolio quality. Investors may watch future disposition volumes, repurchase pace and upcoming earnings data to gauge execution against these stated objectives.

Key Terms

real estate investment trust, share repurchase program, weighted average price

3 terms

real estate investment trust financial

"a real estate investment trust focused on creating value by investing"

A real estate investment trust (REIT) is a company that owns and manages income-producing properties—like apartment buildings, shopping centers, offices, or warehouses—and is required to pass most of its rental income to shareholders as dividends. Think of it as a shared property owner: instead of buying a whole building, investors buy a slice of a portfolio that pays regular income and can offer exposure to property values and rental markets without direct management. REITs matter to investors for predictable income, diversification, and liquidity compared with owning physical real estate.

share repurchase program financial

"The Company has $300 million of availability under the current $500 million share repurchase program."

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

weighted average price financial

"for $200 million at a weighted average price of $36.14 per share."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

AI-generated analysis. Not financial advice.

LOS ANGELES, April 1, 2026 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties throughout infill Southern California, today provided a disposition and share repurchase update.

"As we enter Rexford's next chapter, we continue to execute on our capital recycling strategy to unlock meaningful value and drive per-share FFO and NAV growth," said Laura Clark, Chief Executive Officer. "We are committed to a reformed capital allocation approach that maximizes risk-adjusted returns and strengthens the quality and resilience of our portfolio, positioning Rexford's value creation platform to drive superior shareholder value."

Disposition Activity
Year to date through March 31, 2026, the Company disposed of five properties for an aggregate sales price of $127.4 million, including three transactions not previously disclosed:

• 29010 Avenue Paine, Valencia, in the Los Angeles–Greater San Fernando Valley submarket for $31.0 million, or $310 per square foot. The 100% leased, single-tenant industrial building, totaling 100,157 square feet, was sold to an owner-user.
• 13700-13738 Slover Avenue, Fontana, in the Inland Empire–West submarket for $14.5 million, or $79 per land square foot. The 4.2-acre low-coverage site was sold vacant to an owner-user.
• 600-708 Vermont Avenue, Anaheim, in the Orange County–North submarket for $40.7 million, or $77 per land square foot. The single-tenant office campus, totaling 133,836 square feet, was sold vacant to a merchant builder. The site was previously in the near-term development pipeline and, through this disposition, the Company expects to preserve approximately $32 million of capital spend that was associated with the development.

The Company has approximately $170 million in dispositions under contract or accepted offer, including four properties that were in the near-term development pipeline, plus four additional operating properties. These transactions are subject to customary due diligence and closing conditions; as such, there is no guarantee the Company will close on these transactions.

Share Repurchase Activity
Year to date through March 31, 2026, the Company repurchased 5,534,357 shares of its common stock for $200 million at a weighted average price of $36.14 per share. The Company has $300 million of availability under the current $500 million share repurchase program.

About Rexford Industrial
Rexford Industrial creates value by investing in, operating and repositioning industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation over the long term. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. As of March 31, 2026, Rexford Industrial's high-quality, irreplaceable portfolio comprised 414 properties with approximately 50.4 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member. For more information, please visit rexfordindustrial.com.

Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. In addition, projections, assumptions and estimates of our future performance and the future performance of the industry in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in our estimates and beliefs and in the estimates prepared by independent parties. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and other filings with the Securities and Exchange Commission. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.

Contact
Mikayla Lynch
Director, Investor Relations and Capital Markets
(424) 276-3454
mlynch@rexfordindustrial.com 

View original content:https://www.prnewswire.com/news-releases/rexford-industrial-provides-disposition-and-share-repurchase-update-302731911.html

SOURCE Rexford Industrial Realty, Inc.

FAQ

What dispositions did Rexford (REXR) report through March 31, 2026?

Rexford reported five property sales for an aggregate $127.4 million through March 31, 2026. According to the company, three transactions were newly disclosed, including sales in Valencia, Fontana, and Anaheim with specified prices and site details.

How many shares has Rexford (REXR) repurchased in 2026 and for how much?

Year-to-date through March 31, 2026, Rexford repurchased 5,534,357 shares for $200 million. According to the company, the weighted average repurchase price was $36.14 per share under its $500 million program.

What repurchase program availability does Rexford (REXR) have after Q1 2026 activity?

After repurchases through March 31, 2026, Rexford has $300 million of availability remaining under its $500 million share repurchase program. According to the company, the program continues to authorize additional buybacks.

What near-term development impact did Rexford (REXR) disclose from the dispositions?

Rexford expects to preserve approximately $32 million of capital spend by disposing a site in the near-term development pipeline. According to the company, this reduces near-term development capital requirements tied to that project.

How much in additional dispositions does Rexford (REXR) have under contract or offer?

The company reported about $170 million of dispositions under contract or accepted offer as of March 31, 2026. According to the company, these include four near-term development pipeline properties plus four operating properties, subject to due diligence.

Are the pending Rexford (REXR) dispositions guaranteed to close?

No, pending dispositions are not guaranteed to close because they remain subject to customary due diligence and closing conditions. According to the company, transactions under contract or accepted offer could fail to close for standard reasons.