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as of 10-23-2026 3:40pm EST

$38.53
+$2.24
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Rexford Industrial Realty Inc is a real estate investment trust focused on owning, operating and acquiring industrial properties in Southern California infill markets. Its goal is to generate attractive risk-adjusted returns for the stockholders by providing superior access to industrial property investments and mortgage debt investments secured by industrial property in high-barrier Southern California infill markets. The company generates revenue from rental income derived from properties in its portfolio.

Founded: 2013 Country:
United States
United States
Employees: 256 City: LOS ANGELES
Market Cap: 8.3B IPO Year: 2013
Target Price: $40.50 AVG Volume (30 days): 2.5M
Analyst Decision: Buy Number of Analysts: 18
Dividend Yield:
4.80%
Dividend Payout Frequency: quarterly
EPS: -1.86 EPS Growth: -28.33
52 Week Low/High: $32.14 - $42.66 Next Earning Date: 10-22-2026
Revenue: $1,003,133,000 Revenue Growth: 7.13%
Revenue Growth (this year): -5.34% Revenue Growth (next year): -4.35%
P/E Ratio: -19.52 Index: N/A
Free Cash Flow: N/A FCF Growth: N/A

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Earnings Transcripts

SEC 8-K filings with transcript text

View All
2026
Q3

Q3 2026 Earnings

8-K SELL

Oct 22, 2026 · 66% conf.

AI Prediction SELL

1D

-2.83%

$35.29

Act: +6.39%

5D

-4.35%

$34.74

20D

-3.60%

$35.01

Price: $36.31 Prob +5D: 17% AUC: 1.000
0001571283-26-000058

EX-99.1

2 rexrex991q3-2026.htm

EX-99.1

Document

Exhibit 99.1

Rexford Industrial Announces Third Quarter 2026 Financial Results

Raises 2026 Core FFO per share guidance

Advances portfolio realignment with $1.5 billion of dispositions year to date

Executes 3.7 million square feet of leasing, including 600,000 square feet of repositioning and developments

Los Angeles, California — October 22, 2026 — Rexford Industrial Realty, Inc. (the “Company” or “Rexford Industrial”) (NYSE: REXR) today announced financial and operating results for the third quarter of 2026.

Third Quarter 2026 Financial and Operational Highlights (all comparisons to Third Quarter 2025)

•Net income attributable to common stockholders of $14.6 million, or $0.07 per diluted share, as compared to net income of $87.1 million, or $0.37 per diluted share.

•Company share of Core FFO per diluted share of $0.60, consistent with the prior year quarter.

•Same Property Portfolio Cash NOI decreased 1.1% and Same Property Portfolio NOI decreased 2.6%.

•Same Property Portfolio ending occupancy of 96.9%, up 200 basis points from June 30, 2026.

•Executed 3.7 million square feet of new and renewal leases, including 599,369 square feet of repositioning and development leases. Comparable rental rates increased by 7.1%, compared to prior rents, on a net effective basis and decreased by 3.0% on a cash basis.

•Stabilized one repositioning project totaling 46,653 square feet.

•Sold 25 properties for a total sales price of $1.3 billion, including a 22-property portfolio transaction for a total sales price of $1.2 billion.

•Repurchased 10.9 million shares of common stock for $408.7 million at a weighted average price of $37.59 per share, including $100.0 million of repurchases completed subsequent to quarter end.

•Repaid $485.0 million of debt, including $60.0 million of 2026 maturities and $425.0 million of 2027 maturities.

•Reduced Net Debt to Adjusted EBITDAre to 3.8x from 4.5x as of June 30, 2026.

“Our third quarter performance reflects strong execution across our strategic priorities,” said Laura Clark, Chief Executive Officer. “Infill Southern California industrial market fundamentals continue to improve, with increasing tenant demand driving our strong leasing activity in the quarter. We’ve made significant progress on our portfolio realignment, sharpening our portfolio, strengthening our balance sheet and enhancing our financial flexibility. We remain focused on disciplined execution and capital allocation to drive sustainable cash flow growth and long-term shareholder value creation.”

Financial

The Company reported net income attributable to common stockholders for the third quarter of $14.6 million, or $0.07 per diluted share, compared to net income of $87.1 million, or $0.37 per diluted share, in the prior year quarter. Net income in the third quarter includes $71.8 million of impairments and $23.2 million of gains on sale of real estate, as compared to $0 and $28.6 million, respectively, for the prior year quarter. For the nine months ended September 30, 2026, net loss attributable to common stockholders was $404.4 million, or $1.80 per diluted share, compared to net income of $268.9 million, or $1.16 per diluted share, in the prior year period. Net loss in the nine months ended September 30, 2026 includes $703.4 million of impairments and $71.4 million of gains on sale of real estate, as compared to $0 and $86.1 million, respectively, for the prior year period.

The Company reported its share of Core FFO for the third quarter of $0.60 per diluted share, consistent with the prior year quarter, driven by the favorable impact of capital recycling activities and lower general and administrative expense,

offset by lower Same Property Portfolio NOI and lower interest income. For the nine months ended September 30, 2026, the Company reported Core FFO of $1.85 per diluted share, representing an increase of 1.6%, compared to $1.82 per diluted share for the prior year period.

In the third quarter of 2026, the Company’s Same Property Portfolio NOI and Cash NOI decreased 2.6% and 1.1%, respectively, compared to the prior year quarter. Same Property Portfolio NOI decrease was primarily driven by effective rental rate compression, lower average occupancy and higher bad debt expense. Same Property Portfolio Cash NOI decrease was primarily driven by higher rent abatement, lower average occupancy and higher bad debt expense, partially offset by annual contractual rent increases. For the nine months ended September 30, 2026, the Company’s Same Property Portfolio NOI and Cash NOI decreased 0.1% and increased 0.9%, respectively, compared to the prior year period.

Operations

Q3 2026 Leasing Activity

Releasing Spreads(1)

# of Leases ExecutedSF of Leasing Net

Effective Cash

New Leases602,157,9942.3%(7.0)%

Renewal Leases561,580,38410.8%0.1%

Total Leases1163,738,3787.1%(3.0)%

(1)Net effective and cash rent statistics include leases in which there is

2026
Q2

Q2 2026 Earnings

8-K BUY

Jul 23, 2026 · 100% conf.

AI Prediction BUY

1D

-0.01%

$35.98

Act: +8.39%

5D

+2.60%

$36.92

Act: +6.67%

20D

+4.02%

$37.43

Price: $35.98 Prob +5D: 100% AUC: 1.000
0001571283-26-000037

EX-99.1

2 rexrex991q2-2026.htm

EX-99.1

Document

Exhibit 99.1

Rexford Industrial Announces Second Quarter 2026 Financial Results

Raises 2026 Core FFO per share guidance

Announces portfolio realignment through planned 2026 dispositions of $1.5-$2.0 billion

Los Angeles, California — July 23, 2026 — Rexford Industrial Realty, Inc. (the “Company” or “Rexford Industrial”) (NYSE: REXR), a real estate investment trust (“REIT”) focused on creating value by investing in and operating industrial properties throughout infill Southern California, today announced financial and operating results for the second quarter of 2026.

Second Quarter 2026 Financial and Operational Highlights (all comparisons to Second Quarter 2025)

•Net loss attributable to common stockholders of $506.9 million, or $2.26 per diluted share, driven by non-cash impairment, as compared to net income of $113.4 million, or $0.48 per diluted share.

•Company share of Core FFO of $141.4 million, an increase of 1.2%.

•Company share of Core FFO per diluted share of $0.63, an increase of 6.8%.

•Total Portfolio NOI of $186.8 million, an increase of 0.3%.

•Same Property Portfolio Cash NOI increased 1.5% and Same Property Portfolio NOI decreased 0.5%.

•Average Same Property Portfolio occupancy of 95.7%.

•Executed 2.1 million square feet of new and renewal leases. Comparable rental rates decreased by 2.8%, compared to prior rents, on a net effective basis and decreased by 11.3% on a cash basis.

•Stabilized two development projects totaling 196,391 square feet.

•Sold seven properties for a total sales price of $137.9 million.

•Company increased its full-year 2026 disposition guidance to $1.5 to $2.0 billion as part of its planned portfolio realignment.

•Repurchased 2,801,307 shares of common stock for $100 million at a weighted average price of $35.70 per share.

•Subsequent to quarter end, the Board of Directors authorized a new, $1.0 billion stock repurchase program.

•Net Debt to Adjusted EBITDAre of 4.5x.

"This quarter reflects both strong execution and a transformative step forward in advancing our strategic priorities,” said Laura Clark, Chief Executive Officer. “The realignment of our portfolio through the planned disposition of approximately $2 billion of identified non-core assets will further strengthen our portfolio, enhance cash flow durability and increase financial flexibility, positioning Rexford to maximize long-term shareholder value. We are also encouraged by the continued improvement we are seeing in fundamentals across the infill Southern California industrial market, including increasing tenant demand, positive net absorption and declining vacancy—all early signs of strengthening market conditions. We are confident that our strategic actions, combined with the strength of our value creation platform, will enable Rexford to deliver outsized returns for shareholders moving forward.”

Financial

The Company reported net loss attributable to common stockholders for the second quarter of $506.9 million, or $2.26 per diluted share, compared to net income of $113.4 million, or $0.48 per diluted share, in the prior year quarter. Net loss in the second quarter includes $624.8 million of impairments and $21.9 million of gains on sale of real estate, as compared to $0 and $44.4 million, respectively, for the prior year quarter. The non-cash impairments primarily reflect certain assets designated for disposition whose expected holding periods were shortened in connection with the Company's increased disposition guidance. For the six months ended June 30, 2026, net loss attributable to common

stockholders was $419.0 million, or $1.86 per diluted share, compared to net income of $181.8 million, or $0.78 per diluted share, in the prior year period. Net loss in the six months ended June 30, 2026 includes $631.6 million of impairments and $48.2 million of gains on sale of real estate, as compared to $0 and $57.5 million, respectively, for the prior year period.

The Company reported its share of Core FFO for the second quarter of $141.4 million, representing a 1.2% increase, compared to $139.7 million for the prior year quarter. The Company reported Core FFO of $0.63 per diluted share, representing an increase of 6.8%, compared to $0.59 per diluted share for the prior year quarter. Company share of Core FFO increased by $1.7 million, or $0.04 per diluted share year-over-year, driven by lower general and administrative expense related to the CEO leadership transition and the benefit of share repurchases, partially offset by lower NOI from dispositions executed in the first half of 2026. For the six months ended June 30, 2026, the Company’s share of Core FFO was $281.2 million, representing a 0.2% increase, compared to $280.7 million for the prior year period. For the six months ended June 30, 2026, the Company reported Core FFO of $1.24 per diluted share, representing an increase of 2.5%, compared to $1.21 per diluted share for the prior yea

2026
Q1

Q1 2026 Earnings

8-K

Apr 23, 2026

0001571283-26-000017

EX-99.1

3 rexrex991q1-2026.htm

EX-99.1

Document

Exhibit 99.1

Rexford Industrial Announces First Quarter 2026 Financial Results

Los Angeles, California — April 23, 2026 — Rexford Industrial Realty, Inc. (the “Company” or “Rexford Industrial”) (NYSE: REXR), a real estate investment trust (“REIT”) focused on creating value by investing in and operating industrial properties throughout infill Southern California, today announced financial and operating results for the first quarter of 2026.

First Quarter 2026 Financial and Operational Highlights (all comparisons to First Quarter 2025)

•Net income attributable to common stockholders of $87.9 million, or $0.38 per diluted share, as compared to $68.3 million, or $0.30 per diluted share.

•Company share of Core FFO of $139.8 million, a decrease of 0.9%.

•Company share of Core FFO per diluted share of $0.61, a decrease of 1.6%.

•Total Portfolio NOI of $185.4 million, a decrease of 4.2%.

•Same Property Portfolio NOI increased 0.9% and Same Property Portfolio Cash NOI decreased 0.4%.

•Average Same Property Portfolio occupancy of 96.3%.

•Executed 4.1 million square feet of new and renewal leases. Comparable rental rates decreased by 10.0%, compared to prior rents, on a net effective basis and decreased by 15.4% on a cash basis. Excluding the previously disclosed 1.1 million-square-foot Tireco, Inc. lease extension executed in the first quarter, comparable rental rates increased by 5.5% on a net effective basis and decreased by 1.8% on a cash basis.

•Stabilized two repositioning and development projects totaling 144,889 square feet.

•Sold five properties for a total sales price of $127.4 million, including two sites previously in the near-term development pipeline.

•Repurchased 5,534,357 shares of common stock for $200 million at a weighted average price of $36.14 per share. Subsequent to quarter end, the Board of Directors authorized a new $500 million stock repurchase program.

•Net Debt to Enterprise Value ratio of 29.2% and Net Debt to Adjusted EBITDAre of 4.5x.

•On April 1, 2026, Laura Clark assumed the role of Chief Executive Officer and John Nahas assumed the role of Chief Operating Officer as part of the Company’s previously announced leadership succession plan.

•On January 1, 2026, David Stockert was appointed as an independent member of the Board.

“Rexford delivered strong first quarter results driven by record leasing activity and continued execution of our strategic priorities,” said Laura Clark, Chief Executive Officer. “Our focus on prioritizing occupancy and accretive capital recycling drove outperformance and an increase to our full‑year outlook. We are beginning to see early signs of market improvement and remain confident that our disciplined capital allocation, differentiated portfolio and favorable long-term supply‑demand dynamics will enable sustained value creation for our shareholders.”

Financial

The Company reported net income attributable to common stockholders for the first quarter of $87.9 million, or $0.38 per diluted share, compared to $68.3 million, or $0.30 per diluted share, for the prior year quarter. Net income in the first quarter includes $26.3 million of gains on sale of real estate and $6.8 million of impairments, as compared to $13.2 million and $0, respectively, for the prior year quarter.

The Company reported its share of Core FFO for the first quarter of $139.8 million, representing a 0.9% decrease compared to $141.0 million for the prior year quarter. Core FFO of $0.61 per diluted share represents a decrease of 1.6% compared to $0.62 per diluted share for the prior year quarter. Company share of Core FFO decreased by $1.2 million, or $0.01 per diluted share year-over-year, primarily driven by higher NOI contributions from repositioning and development and Same Property Portfolio NOI, in addition to lower general and administrative expense related to the Co-CEO transition, offset by termination fee income recognized in the first quarter of 2025.

In the first quarter of 2026, Same Property Portfolio NOI and Cash NOI increased 0.9% and decreased 0.4%, respectively, compared to the prior year quarter. Same Property Portfolio NOI growth was primarily driven by higher average occupancy gains, partially offset by higher tenant reimbursement abatement. Same Property Cash NOI growth was primarily driven by contributions from average occupancy gains and annual contractual rent increases, offset by higher bad debt, lower releasing spreads and higher rent and tenant reimbursement abatement.

Operations

Q1 2026 Leasing Activity

Releasing Spreads(1)

Releasing Spreads Excluding Tireco, Inc. Lease Extension(2)

# of Leases Executed

SF of

Leasing

Net Effective

Cash

Net Effective

Cash

New Leases 591,296,230(8.7)%(12.8)%(8.7)%(12.8)%

Renewal Leases 852,829,822(10.3)%(15.9)%11.8%3.0%

Total Leases 1444,126,052(10.0)%(15.4)%5.5%(1.8)%

(1)Net effective and cash rent statistics include leases in which there is compara

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