Rexford Industrial Q1 Core FFO up 11.5% to $0.58/diluted share; raises 2024 guidance

Rexford Industrial Realty, Inc.

2024-Q1 EPS reported $0.27 revenue$214,096,000

Net income attributable to common stockholders $58.6M ($0.27/diluted) vs $57.9M ($0.30) prior year; prior year included $12.1M gains on sale.
Company share of Core FFO $123.5M (+20.3% YoY); Core FFO per diluted share $0.58 (+11.5% YoY).
Same Property Portfolio NOI +5.5% (GAAP) and +8.5% (cash); avg occupancy 96.8%.
Completed $1.1B in acquisitions (3.2M sq ft); issued $1.15B exchangeable notes; dividend declared $0.4175/share for Q2 2024.
Updated 2024 guidance: Core FFO $2.31-$2.34 per diluted share (up from $2.27-$2.30); Same Property NOI growth GAAP 4.25%-5.25%.

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 first quarter of 2024 results: net income $58.6 million, EPS $0.27 per diluted share.

Period: the first quarter of 2024
Net income: $58.6 million
EPS: $0.27 per diluted share
Result: reported results

Exact text from the filing

Rexford Industrial Announces First Quarter 2024 Financial Results

View on SEC.gov

523 earnings releases filed in the last 30 days. Browse all earnings releases →

Rexford Industrial Realty, Inc. filing history →

Source: SEC EDGAR

accession 0001571283-24-000019

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.