earnings
confidence high
sentiment positive
materiality 0.70
Rexford Industrial Q2 net income up 42% to $113.4M; raises full-year EPS guidance
Rexford Industrial Realty, Inc.
2025-Q2 EPS reported
$0.78
revenue$501,794,000
- Net income attributable to common stockholders $113.4M ($0.48/diluted), up from $79.8M in prior-year quarter.
- Core FFO per diluted share $0.59 (down 1.7% YoY); total Core FFO $139.7M, up 7.8%.
- Same Property Portfolio NOI +1.1% (cash NOI +3.9%); ending occupancy 96.1%, up 0.4% sequentially.
- Guidance raised: 2025 net income per diluted share to $1.38-$1.42 from $1.31-$1.35; Core FFO unchanged.
- Completed $81.6M property sales at 12.8% unlevered IRR; amended credit facility to $1.25B, extended to 2029.