secwatch.observer — SEC 8-K summary
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Issuer:     Rexford Industrial Realty, Inc. (REXR)
CIK:        0001571283
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001571283-24-000003
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 reports FY 2023 Core FFO $2.19/share (+11.7% YoY); initiates 2024 guidance $2.27-2.30
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571283/000157128324000003/0001571283-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571283/000157128324000003/rexr-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001571283-24-000003

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