secwatch.observer — SEC 8-K summary
======================================

Issuer:     Rexford Industrial Realty, Inc. (REXR)
CIK:        0001571283
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001571283-23-000031
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 Q2 Core FFO $0.54 (+10%); raises 2023 guidance
-----------------------------------------------------------------

- Net income $51.6M ($0.26/sh) vs $36.1M ($0.22/sh) YoY.
- Core FFO $108.4M (+32.8%) or $0.54/sh (+10.2%).
- Same Property NOI +8.0%, Cash NOI +10.0%; leasing spreads GAAP +96.8%, cash +74.8%.
- Acquisitions $142.7M; equity offering $750.6M; net debt/EV 16%.
- Updated 2023 Core FFO guidance to $2.13-$2.16/sh; Q3 dividend $0.38/sh.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571283/000157128323000031/0001571283-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571283/000157128323000031/rexr-20230719.htm
  HTML page:      https://secwatch.observer/filing/0001571283-23-000031

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