secwatch.observer — SEC 8-K summary
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Issuer:     Rexford Industrial Realty, Inc. (REXR)
CIK:        0001571283
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0001571283-25-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rexford Industrial Q4/FY2024 results: Core FFO up 6.8%, dividend raised 3%, $300M buyback authorized
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- Net income $262.9M ($1.20 diluted EPS) vs $227.4M prior year; Core FFO per share $2.34, up 6.8% YoY.
- Same Property Portfolio NOI grew 4.1% net effective and 7.1% cash; average occupancy 96.6% for 2024.
- Completed $1.5B acquisitions in 2024; quarterly dividend raised 3% to $0.43/share; board authorized $300M share repurchase.
- 2025 guidance: Core FFO $2.37-$2.41 per diluted share; Same Property NOI growth 0.75%-1.25% net effective.
- Balance sheet: net debt/enterprise value 26.5%, net debt/Adjusted EBITDAre 4.6x, no floating-rate debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571283/000157128325000003/0001571283-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571283/000157128325000003/rexr-20250205.htm
  HTML page:      https://secwatch.observer/filing/0001571283-25-000003

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