Rexford Industrial Q4 Core FFO $0.49 (+8.9% YoY); raises dividend 20.6% to $0.38

Rexford Industrial Realty, Inc.

2022-FY EPS reported $0.92 revenue$631,204,000

Q4 net income $40.7M ($0.22 diluted); Core FFO $90.3M ($0.49), up 8.9% per share YoY.
Same Property Portfolio Cash NOI up 10.7% QoQ; 98.0% avg occupancy; leasing spreads 77% GAAP, 52.4% cash.
Acquired $357.9M in Q4, $2.4B in 2022; subsequent-to-quarter closed $405M acquisitions.
Dividend raised to $0.38/share from $0.315 (20.6% increase), payable April 17, 2023.
2023 guidance: Core FFO $2.08-$2.12 per share; Same Property NOI growth 7.5%-8.5% GAAP.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Rexford Industrial Realty, Inc. reported the fourth quarter ended December 31, 2022 results: net income $40.7 million, or $0.22 per diluted share, EPS $0.22 per diluted share.

Period: the fourth quarter ended December 31, 2022
Net income: $40.7 million, or $0.22 per diluted share
EPS: $0.22 per diluted share
Result: reported results

Exact text from the filing

Net income attributable to common stockholders of $40.7 million, or $0.22 per diluted share, as compared to $34.8 million, or $0.23 per diluted share, for the prior year quarter.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Rexford Industrial Realty, Inc. reported the year ended December 31, 2022 results: net income $157.5 million, or $0.92 per diluted share, EPS $0.92 per diluted share.

Period: the year ended December 31, 2022
Net income: $157.5 million, or $0.92 per diluted share
EPS: $0.92 per diluted share
Result: reported results

Exact text from the filing

Net income attributable to common stockholders of $157.5 million, or $0.92 per diluted share, as compared to $111.8 million, or $0.80 per diluted share, for the prior year.

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Rexford Industrial Realty, Inc. filing history →

Source: SEC EDGAR

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