Highest-materiality recent filing
Rexford Industrial stockholders elect directors, approve amended incentive plan
All seven director nominees elected with >200M votes for each; say-on-pay passed 88% in favor.
Rexford Industrial Q1 net income $87.9M; raises full-year Core FFO guidance; new $500M buyback
Q1 net income $87.9M ($0.38 diluted EPS) vs $68.3M ($0.30) YoY; Core FFO $0.61/diluted share, down 1.6% YoY.
Rexford Industrial appoints John Nahas COO, adopts severance plan, cuts exec comp ~50%
John Nahas promoted to COO effective April 1, 2026; previously Managing Director of Operations and Asset Management.
Rexford Industrial Q4 net loss $68.7M; FY Core FFO up 9% to $2.40; guides 2026 Core FFO $2.35-$2.40
Q4 net loss $68.7M ($0.30/share) includes $89.1M impairments and $60.2M Co-CEO transition costs.
Rexford Industrial CEO succession: Laura Clark to become CEO Apr 1, 2026; co-CEOs step down
Laura Clark, current COO, becomes CEO effective April 1, 2026; co-CEOs Frankel and Schwimmer depart March 31, 2026. Clark base salary $850k.
Rexford Industrial adds David Stockert to board, effective Jan 1, 2026
Board size increased to 9 directors effective Jan 1, 2026; Stockert appointed to Audit Committee.
Laura Clark, current COO, will become CEO on April 1, 2026, succeeding co-CEOs Michael Frankel and Howard Schwimmer.
Rexford Industrial Q3 Core FFO $0.60 (+1.7% YoY); raises FY2025 guidance
Net income $87.1M ($0.37 diluted) vs $65.1M; Core FFO $141.7M (+9.0% YoY).
Rexford Industrial adds BMO and BNP Paribas as ATM agents; $927M remaining under $1.25B program
Entered into separate equity distribution agreements with BMO Capital Markets and BNP Paribas for at-the-market offerings of common stock up to $1.25B aggregate.
Rexford Industrial updates U.S. federal income tax considerations in prospectus
Filing supersedes tax discussion in Oct 23, 2023 prospectus with new Exhibit 99.1.
Rexford Industrial Q2 net income up 42% to $113.4M; raises full-year EPS guidance
Net income attributable to common stockholders $113.4M ($0.48/diluted), up from $79.8M in prior-year quarter.
Rexford Industrial enters $1.95B credit facility; $1.25B revolver, $700M term loan
Revolving facility of $1.25B matures May 30, 2029; two six-month extension options.
Rexford Industrial appoints Tyler H. Rose as Chairman; Richard Ziman retires from Board
Tyler H. Rose appointed Chairman effective June 3, 2025, succeeding Richard Ziman who retired from the Board.
Rexford Industrial amends Code of Business Conduct and Ethics; no waivers granted
Board approved amendments to the Code of Business Conduct and Ethics on April 14, 2025.
Rexford Industrial Q1 Core FFO $0.62 (+6.9% YoY); raises FY2025 net income guidance
Net income to common $68.3M ($0.30/diluted), up from $58.6M ($0.27) YoY.
Chairman Richard Ziman retiring; not standing for reelection at 2025 annual meeting
Richard Ziman will not stand for reelection at the 2025 annual meeting due to retirement.
Rexford Industrial Q4/FY2024 results: Core FFO up 6.8%, dividend raised 3%, $300M buyback authorized
Net income $262.9M ($1.20 diluted EPS) vs $227.4M prior year; Core FFO per share $2.34, up 6.8% YoY.
Michael Fitzmaurice appointed CFO, succeeding Laura Clark, who moves to COO; both effective Nov 18, 2024.
Rexford Industrial Q3 net income $65.1M ($0.30/sh); Core FFO up 13% to $130M
Consolidated portfolio NOI $183.5M (+17.6% YoY); same-property cash NOI +5.3%.
Net income $79.8M ($0.37 dil.) vs $51.6M ($0.26) in Q2 2023; Core FFO $129.6M, up 19.5% YoY.
Rexford Industrial names Laura Clark as COO; searching for new CFO
Laura Clark, current CFO, will become COO upon appointment of a successor CFO.
Rexford Industrial stockholders elect directors and approve incentive plan at 2024 annual meeting
Elected eight directors at annual meeting; Robert L. Antin received 197M votes for, Richard S. Ziman 182M for.
Rexford Industrial Q1 Core FFO up 11.5% to $0.58/diluted share; raises 2024 guidance
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.
Rexford Industrial prices $1.15B exchangeable senior notes and forward equity sale
Issued $575M of 4.375% exchangeable senior notes due 2027 and $575M of 4.125% notes due 2029, including full over-allotment exercise.
Proposed $500M exchangeable notes due 2027 and $500M due 2029; greenshoe options up to $75M each.
Rexford Industrial dismisses EY as auditor, engages KPMG; no disagreements
Audit committee dismissed Ernst & Young as independent accountant, effective Feb 14, 2024.
Net income attributable to common stockholders $227.4M ($1.12 diluted EPS) vs $157.5M ($0.92) prior year.
Amended equity distribution agreements with 12 banks; terminated BTIG agreement and entered new one with BTIG and Nomura.
Rexford Industrial Q3 Core FFO $0.56, up 12% YoY; FY guidance raised to $2.16-$2.18
Net income $56.3M ($0.27/dil) vs $36.8M ($0.21/dil) in prior year quarter.
Rexford Industrial Q2 Core FFO $0.54 (+10%); raises 2023 guidance
Net income $51.6M ($0.26/sh) vs $36.1M ($0.22/sh) YoY.
Rexford Industrial stockholders elect directors, ratify auditor, approve say-on-pay
All 8 director nominees elected; Ingram 15.3M against, Ziman 26.4M against.
Rexford Industrial launches forward equity offering of 13.5M shares at $55.60/share
Entered forward sale agreements for up to 15.525M shares; underwriters sold 13.5M shares on May 15, 2023.
Rexford Industrial Q1 Core FFO $0.52 (+8.3% YoY); raises 2023 guidance above initial range
Net income $57.9M ($0.30 diluted) vs $43.9M ($0.27) year ago; Core FFO $102.7M (+34% YoY).
Bylaws updated to require compliance with SEC Rule 14a-19 (universal proxy) for director nominations.
Rexford Industrial issues $300M of 5.000% Senior Notes due 2028
$300M aggregate principal, 5.000% interest, matures June 15, 2028.
Rexford Industrial initiates $1.25B ATM equity program; prior $1.0B program terminated
New ATM offering allows sale of up to $1.25 billion of common stock through multiple sales agents.
Rexford Industrial Q4 Core FFO $0.49 (+8.9% YoY); raises dividend 20.6% to $0.38
Q4 net income $40.7M ($0.22 diluted); Core FFO $90.3M ($0.49), up 8.9% per share YoY.
On Nov 15, 2022, forward sellers borrowed and sold 11.5M common shares at $56.00 each to underwriters.
Rexford extends CFO Clark and GC Lanzer employment agreements through 2025, boosts severance
CFO Laura Clark and GC David Lanzer get three-year extensions to November 2025.
Rexford Industrial Q3 Core FFO $0.50/sh (up 16.3% YoY); raises FY2022 guidance
Core FFO $86.1M ($0.50/diluted sh), up 44.5% YoY; net income $36.8M ($0.21/sh).
Rexford Industrial Q2 Core FFO up 55% to $81.7M; raises full-year guidance
Net income $36.1M ($0.22 diluted EPS); Core FFO $81.7M ($0.49 per share), up 54.7% YoY.
Rexford Industrial acquires 1.06M sf industrial project for $470M; secures $400M term loan
Acquired private REIT owning a 1,057,419 sf six-building industrial project in Eastvale, CA for $470M cash.
Rexford shareholders elect all 8 directors, approve say-on-pay and EY ratification
All 8 director nominees elected; Richard S. Ziman received 127.8M votes for (lowest support).
Rexford Industrial enters $1.3B credit facilities: $300M term loan and $1B revolver
Fourth Amended and Restated Credit Agreement provides $300M term loan (fully drawn) and $1B revolver.
New equity distribution agreements for up to $1.0 billion in common stock via ATM offerings, effective May 27, 2022.
Rexford Industrial Q1 Core FFO $0.48 (+29.7% YoY); raises 2022 guidance
Net income $43.9M ($0.27 diluted) vs $24.9M ($0.19) prior year; Core FFO $76.6M ($0.48/diluted), up 29.7% per share.
Rexford acquires SoCal industrial property for $24M; issues new Series 3 CPOP units
Acquired one industrial property in Southern California for ~$24.0M.
Rexford Industrial Q4 Core FFO +61.5% YoY; dividend raised 31.3%; 2022 guidance initiated
Q4 net income $34.8M ($0.23/diluted) vs $13.2M ($0.10) prior year; Core FFO $69.6M ($0.45/diluted), up 32.4% per share.
Rexford Industrial launches new $750M ATM stock offering, replaces nearly exhausted prior program
New equity distribution agreements for up to $750M of common stock in at-the-market offerings.
Rexford Industrial appoints Angela Kleiman to board, grants equity awards to executives
Angela L. Kleiman appointed as independent director effective Dec 31, 2021, expanding board to nine members.
Richard Ziman, Chairman of the Board, will not stand for reelection at the 2025 annual meeting of stockholders (the “Annual Meeting”) as a result of Mr. Ziman’s decision to retire.
approved the appointment of Laura Clark, the Chief Financial Officer of the Company and Rexford Industrial Realty, L.P., a Maryland limited partnership (the “Operating Partnership”), to the position of Chief Operating Officer of the Corporation and the Operating Partnership, effective at such time as a new Chief Financial Officer of the Company and the Operating Partnership is appointed by the Board.
appointed Angela L. Kleiman as a director, effective December 31, 2021.
Peter E. Schwab provided notice to the Company of his decision not to stand for re-election to the Board and to retire at the end of his current term
Max materiality 0.85 · Median 0.65 · Most common event earnings