Highest-materiality recent filing
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.
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 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 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.
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.
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 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.
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 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).
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.
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.
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 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.
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