earnings
confidence high
sentiment positive
materiality 0.72
Rexford Industrial Q1 Core FFO $0.62 (+6.9% YoY); raises FY2025 net income guidance
Rexford Industrial Realty, Inc.
2025-Q1 EPS reported
$0.30
revenue$252,287,000
- Net income to common $68.3M ($0.30/diluted), up from $58.6M ($0.27) YoY.
- Core FFO $141.0M ($0.62/diluted), +14.1% total; +6.9% per share YoY.
- Same Property Portfolio Cash NOI +5.0% YoY; avg occupancy 95.9%.
- Releasing spreads: net effective +23.8%, cash +14.7% on 2.4M sq ft leased.
- FY2025 net income guidance raised to $1.31-$1.35/diluted share (prev. $1.21-$1.25); Core FFO reaffirmed.