Rexford Industrial reports FY 2023 Core FFO $2.19/share (+11.7% YoY); initiates 2024 guidance $2.27-2.30

Rexford Industrial Realty, Inc.

2023-FY EPS reported $1.12 revenue$797,826,000

Net income attributable to common stockholders $227.4M ($1.12 diluted EPS) vs $157.5M ($0.92) prior year.
Core FFO $444.8M ($2.19/diluted share), +32.9% YoY; Q4 Core FFO $118.8M ($0.56/diluted share), +31.5% YoY.
Same Property Portfolio NOI up 8.2% GAAP, 10.0% cash; average occupancy 97.8%.
Quarterly common dividend raised 10% to $0.4175/share; 2024 Core FFO guidance $2.27-$2.30 per diluted share.
Completed $1.5B of investments in 2023; net debt-to-enterprise value 15.0%; no floating-rate debt.

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 0.9

Rexford Industrial Realty, Inc. reported the year ended December 31, 2023 results: net income $227.4 million, or $1.12 per diluted share, EPS $1.12 per diluted share.

Period: the year ended December 31, 2023
Net income: $227.4 million, or $1.12 per diluted share
EPS: $1.12 per diluted share
Result: reported results

Exact text from the filing

For the year ended December 31, 2023, net income attributable to common stockholders was $227.4 million, or $1.12 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rexford Industrial Realty, Inc. reported the quarter ended December 31, 2023 results: net income $61.7 million, or $0.29 per diluted share, EPS $0.29 per diluted share.

Period: the quarter ended December 31, 2023
Net income: $61.7 million, or $0.29 per diluted share
EPS: $0.29 per diluted share
Result: reported results

Exact text from the filing

The Company reported net income attributable to common stockholders for the fourth quarter of $61.7 million, or $0.29 per diluted share

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Rexford Industrial Realty, Inc. filing history →

Source: SEC EDGAR

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