John Peterson's questions to Rexford Industrial Realty (REXR) leadership • Q3 2025
Question
John Peterson asked about the company's General & Administrative (G&A) expense levels, efforts to control them in 2025, and the longer-term vision for G&A trends into 2026 and 2027.
Answer
Michael Frankel, Co-Chief Executive Officer, stated that G&A is a central focus, with the goal of driving significant operating leverage as the company scales. He highlighted 17% year-over-year NOI growth with zero G&A growth this year, attributing it to internal initiatives aimed at efficiency and effectiveness. He expressed optimism for future G&A trends but did not provide specific guidance for future years.