secwatch.observer — SEC 8-K summary
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Issuer:     Rexford Industrial Realty, Inc. (REXR)
CIK:        0001571283
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0001571283-22-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rexford Industrial Q4 Core FFO +61.5% YoY; dividend raised 31.3%; 2022 guidance initiated
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- Q4 net income $34.8M ($0.23/diluted) vs $13.2M ($0.10) prior year; Core FFO $69.6M ($0.45/diluted), up 32.4% per share.
- Same Property NOI +10.0%, Cash NOI +6.8%; Q4 comparable rent spreads +34.2% GAAP, +21.5% cash; 99.0% avg occupancy.
- Full-year 2021 acquisitions: 53 properties for $1.9B; post-quarter-end acquired 5 properties for $169.8M.
- Quarterly dividend raised to $0.315/share from $0.24 (31.3% increase); payable April 15, 2022.
- 2022 Core FFO guidance $1.77–$1.81/diluted; Same Property NOI growth 3.25–4.25%; Cash NOI growth 6.0–7.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571283/000157128322000004/0001571283-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571283/000157128322000004/rexr-20220209.htm
  HTML page:      https://secwatch.observer/filing/0001571283-22-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer