earnings
confidence high
sentiment positive
materiality 0.85
Rexford Industrial Q3 Core FFO $0.50/sh (up 16.3% YoY); raises FY2022 guidance
Rexford Industrial Realty, Inc.
2022-Q3 EPS reported
$0.70
revenue$452,617,000
- Core FFO $86.1M ($0.50/diluted sh), up 44.5% YoY; net income $36.8M ($0.21/sh).
- Same Property Portfolio NOI +7.2%, Cash NOI +9.7% YoY; avg occupancy 98.6%.
- Acquired 15 properties for $977.5M in Q3; YTD investments reach $2.1B.
- Raised FY2022 Core FFO guidance to $1.93-$1.95/sh (from $1.87-$1.90).
- Q4 dividend $0.315/sh, payable Jan 17, 2023; credit ratings upgraded to BBB+/Baa2.