secwatch.observer — SEC 8-K summary
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Issuer:     Rexford Industrial Realty, Inc. (REXR)
CIK:        0001571283
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001571283-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571283/000157128324000019/0001571283-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571283/000157128324000019/rexr-20240417.htm
  HTML page:      https://secwatch.observer/filing/0001571283-24-000019

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