earnings
confidence high
sentiment positive
materiality 0.75
Rexford Industrial Q3 net income $65.1M ($0.30/sh); Core FFO up 13% to $130M
Rexford Industrial Realty, Inc.
2024-Q3 EPS reported
$0.94
revenue$693,512,000
- Consolidated portfolio NOI $183.5M (+17.6% YoY); same-property cash NOI +5.3%.
- Average same-property occupancy 96.9%; releasing spreads 39.2% GAAP, 26.7% cash.
- Updated FY2024 Core FFO guidance to $2.33-2.35 per diluted share (from $2.32-2.34).
- Completed $60.5M acquisitions in Q3; subsequent $70.1M off-market buy in Fontana.
- Q4 common dividend $0.4175/sh payable Jan 15, 2025; net debt/EV 22.2%.