secwatch.observer — SEC 8-K summary
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Issuer:     Rexford Industrial Realty, Inc. (REXR)
CIK:        0001571283
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0001571283-22-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rexford Industrial Q1 Core FFO $0.48 (+29.7% YoY); raises 2022 guidance
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- Net income $43.9M ($0.27 diluted) vs $24.9M ($0.19) prior year; Core FFO $76.6M ($0.48/diluted), up 29.7% per share.
- Same Property Portfolio Cash NOI up 11.7% YoY; occupancy 99.2%; releasing spreads 71.1% GAAP, 56.9% cash.
- Acquired 17 properties for $457.7M; sold one for $16.5M; raised $305.9M equity via ATM at avg $71.32/share.
- Raised 2022 Core FFO guidance to $1.84-$1.88 from $1.77-$1.81; Same Property NOI growth raised to 4.0%-5.0%.
- Net debt-to-enterprise value 10.3%; no debt maturities until 2023; dividend $0.315/share declared for Q2 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571283/000157128322000012/0001571283-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571283/000157128322000012/rexr-20220419.htm
  HTML page:      https://secwatch.observer/filing/0001571283-22-000012

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