Earnings summaries and quarterly performance for Rexford Industrial Realty.
Executive leadership at Rexford Industrial Realty.
Board of directors at Rexford Industrial Realty.
Research analysts who have asked questions during Rexford Industrial Realty earnings calls.
Craig Mailman
Citigroup
10 questions for REXR
Also covers: AKR, BRX, COLD +15 more
Blaine Heck
Wells Fargo Securities
9 questions for REXR
Also covers: BXP, CDP, COLD +13 more
Greg McGinniss
Scotiabank
9 questions for REXR
Also covers: BRX, COLD, EPRT +14 more
John Kim
BMO Capital Markets
9 questions for REXR
Also covers: AIV, ALX, ARDX +32 more
VM
Vikram Malhotra
Mizuho Financial Group, Inc.
9 questions for REXR
Also covers: ALX, ARE, BXP +17 more
Brendan Lynch
Barclays
8 questions for REXR
Also covers: BXP, CCI, CUBE +18 more
MM
Michael Mueller
JPMorgan Chase & Co.
8 questions for REXR
Also covers: AKR, BRX, CBL +26 more
Samir Khanal
Bank of America
8 questions for REXR
Also covers: BRX, COLD, CUBE +16 more
Michael Griffin
Citigroup Inc.
7 questions for REXR
Also covers: AHR, ALX, ARE +33 more
NT
Nicholas Thillman
Robert W. Baird & Co.
7 questions for REXR
Also covers: COLD, CUZ, EGP +7 more
OO
Omotayo Okusanya
Deutsche Bank AG
6 questions for REXR
Also covers: AMH, ARE, AVB +42 more
Andrew Berger
Bank of America
3 questions for REXR
Also covers: AHH, BXP, DAL +1 more
RA
Richard Anderson
Wedbush Securities
2 questions for REXR
Also covers: AIV, ARE, AVB +25 more
AH
Anthony Hau
Truist Securities
1 question for REXR
Also covers: DBRG, ELS, PKST +3 more
CM
Craig Melman
Citi
1 question for REXR
GM
Greg McGuinness
Scotiabank
1 question for REXR
Jeffrey Spector
BofA Securities
1 question for REXR
Also covers: AKR, AMH, AVB +25 more
JP
John Peterson
Jefferies
1 question for REXR
Also covers: PLD
MM
Mike Mueller
JPMorgan Chase & Co.
1 question for REXR
Also covers: CURB, DOC, EGP +9 more
Nicholas Yulico
Scotiabank
1 question for REXR
Also covers: AHR, ALX, AVB +20 more
NG
Nick Gilman
Baird
1 question for REXR
Steve Sakwa
Evercore ISI
1 question for REXR
Also covers: ALX, AMH, AVB +31 more
Recent press releases and 8-K filings for REXR.
Rexford Industrial Reports Q4 and Full Year 2025 Results, Initiates 2026 Guidance
REXR
Earnings
Guidance Update
Share Buyback
- Rexford Industrial (REXR) reported Q4 2025 Core FFO per share of $0.59, representing a 1.7% growth, and Full Year 2025 Core FFO per share of $2.40, a 2.6% growth compared to the prior year.
- For Q4 2025, Same Property Cash NOI Growth was 2.8%, and for the full year 2025, it was 4.3%.
- The company initiated its 2026 Core FFO per share guidance range at $2.35-$2.40.
- REXR maintains a strong balance sheet with 4.4x Net Debt/Adjusted EBITDAre and $1.4 billion of liquidity as of December 31, 2025.
- In 2025, $218 million of dispositions were recycled into share repurchases, and the company expects ~$450 million in dispositions for 2026.
1 day ago
Rexford Industrial Reports Q4 2025 Results, Announces CEO Transition, and Strategic Dispositions
REXR
Earnings
CEO Change
Guidance Update
- Rexford Industrial reported Q4 2025 Core FFO per share of $0.59 and full-year 2025 Core FFO per share of $2.40, while introducing 2026 Core FFO per share guidance of $2.35-$2.40. The company's total portfolio occupancy ended Q4 2025 at 90.2%, a 160 basis point sequential decrease, and market rents within its portfolio declined 1% in the quarter, falling 20% since early 2023.
- Co-CEOs Howard Schwimmer and Michael Frankel are departing, with Laura Clark stepping in as the new CEO.
- Rexford Industrial plans to dispose of six development projects (850,000 sq ft) and targets $400 million to $500 million in dispositions for 2026, following $218 million in property sales in 2025. This strategy led to $89 million of real estate impairments in Q4 2025.
- To enhance shareholder returns, the company repurchased $100 million of shares in Q4 2025, contributing to a full-year 2025 total of $250 million, and aims to reduce G&A as a percentage of revenue to 6% in 2026.
1 day ago
Rexford Announces Q4 2025 Results and 2026 Outlook
REXR
Earnings
Guidance Update
Demand Weakening
- Rexford's Q4 2025 Core FFO per share was $0.59, and the full-year 2025 Core FFO per share was $2.40.
- The company introduced 2026 Core FFO per share guidance of $2.35-$2.40.
- Strategic initiatives include targeting $400 million to $500 million of dispositions in 2026 and reducing development exposure by not moving forward with six projects (850,000 sq ft) intended for disposal. G&A as a percentage of revenue is targeted at 6% for 2026.
- Market conditions in infill Southern California show market rents declined 1% in Q4 2025 and 9% year-over-year, with vacancy increasing 30 basis points during the quarter and negative net absorption.
- Rexford repurchased $100 million of shares in Q4 2025, bringing the full-year 2025 total to $250 million.
1 day ago
Rexford Industrial Reports Q4 2025 Results and Provides 2026 Outlook
REXR
Earnings
Guidance Update
Demand Weakening
- Rexford Industrial reported Core FFO per share of $0.59 for Q4 2025, with full-year 2025 Core FFO per share reaching $2.40. Total portfolio occupancy ended the quarter at 90.2%, a sequential decrease of 160 basis points.
- The company introduced 2026 Core FFO per share guidance of $2.35-$2.40 and expects Same Property Net Operating Income (NOI) growth to decline approximately 2%.
- Strategic actions include identifying six development projects (approximately 850,000 sq ft) for disposal and targeting $400 million to $500 million in dispositions for 2026. In 2025, the company sold $218 million in properties and repurchased $250 million of shares.
- Market conditions in infill Southern California showed market rents declining 10 basis points in Q4 2025 and 9% year-over-year, with vacancy increasing 30 basis points. The company indicated signs of stabilization but is "bouncing around the bottom" for market rents.
- An early 3-year renewal with the largest tenant, Tireco, resulted in a 30% roll down on the lease, which is projected to impact 2026 Same Property NOI by 50 basis points and FFO per share by $0.015.
1 day ago
Rexford Industrial Announces Q4 and Full Year 2025 Financial Results and Leadership Transition
REXR
Earnings
Share Buyback
CEO Change
- Rexford Industrial reported a net loss attributable to common stockholders of $(68.7) million, or $(0.30) per diluted share, for Q4 2025, primarily due to $89.1 million of impairments and $60.2 million of Co-CEO transition costs. For the full year 2025, net income was $200.2 million, or $0.86 per diluted share.
- The company's share of Core FFO increased by 9.2% to $558.6 million for the full year 2025, with Core FFO per diluted share rising 2.6% to $2.40. For Q4 2025, Core FFO per diluted share was $0.59, up 1.7%.
- For the full year 2025, Same Property Portfolio NOI increased 1.1% and Same Property Portfolio Cash NOI increased 4.3%. The company executed 10.4 million square feet of new and renewal leases, with comparable rental rates increasing by 23.4% on a net effective basis and 10.7% on a cash basis.
- Rexford Industrial repurchased $250.0 million of common stock in 2025 and authorized a new $500 million stock repurchase program subsequent to year-end. The quarterly common stock dividend was increased by 1.2% to $0.435 per share. Laura Clark is set to assume the Chief Executive Officer role effective April 1, 2026.
2 days ago
Rexford Industrial Announces Q4 and Full Year 2025 Financial Results
REXR
Earnings
Guidance Update
Share Buyback
- Rexford Industrial Realty reported a net loss attributable to common stockholders of $68.7 million, or $0.30 per diluted share, for Q4 2025, and net income of $200.2 million, or $0.86 per diluted share, for the full year 2025. The company's share of Core FFO for the full year 2025 increased 9.2% to $558.6 million, or $2.40 per diluted share, up 2.6%.
- For the full year 2025, Total Portfolio NOI increased 5.7% to $752.7 million, and Same Property Portfolio Cash NOI increased 4.3%. Comparable rental rates on new and renewal leases increased by 23.4% on a net effective basis and 10.7% on a cash basis.
- The company repurchased 6,327,283 shares for $250.0 million in 2025 and authorized a new $500 million stock repurchase program subsequent to year-end. A quarterly common stock dividend of $0.435 per share was declared for Q1 2026, an increase of 1.2%.
- Rexford Industrial initiated full year 2026 guidance, projecting Company share of Core FFO per diluted share between $2.35 and $2.40. Laura Clark, Chief Operating Officer, will assume the Chief Executive Officer role effective April 1, 2026.
2 days ago
Rexford Industrial Realty, Inc. announces 2026 executive compensation program and CEO transition
REXR
CEO Change
Management Change
Executive Compensation
- Rexford Industrial Realty, Inc. approved its 2026 executive compensation program on December 19, 2025, which includes equity grants made on that date.
- Laura Clark has been appointed Chief Executive Officer, effective April 1, 2026, succeeding current co-CEOs Michael S. Frankel and Howard Schwimmer, who will depart on March 31, 2026.
- For 2026, Ms. Clark's annual base salary will be $850,000, and she will be eligible for an annual cash incentive opportunity with a target of 175% of her base salary.
- Ms. Clark's 2025 equity incentives include $2,465,000 in Time-Vesting LTIP Units and $3,697,500 in Performance-Vesting LTIP Units at target level. The overall equity incentive weighting for 2025 awards is 40% Time-Vesting and 60% Performance-Vesting.
Dec 22, 2025, 9:27 PM
Rexford Industrial Realty Outlines Strategic Priorities, Announces CEO Transition and G&A Savings
REXR
CEO Change
Board Change
Guidance Update
- Rexford Industrial Realty is implementing a reformed capital allocation strategy focused on maximizing risk-adjusted returns, including a programmatic disposition program to recycle capital into high-yielding repositioning projects and share repurchases.
- The company is committed to improving operating margins through reduced G&A and operational efficiencies, projecting $20 million to $25 million of net G&A savings for 2026, with full year 2026 G&A expected to be between $57 million and $62 million.
- Laura Clark, current Chief Operating Officer, will transition to Chief Executive Officer effective April 1, 2026, succeeding the current Co-CEOs, and was appointed to the Board of Directors on November 17, 2025.
- The Board of Directors will add a new independent director by the end of 2025, following constructive engagement with Elliott Investment Management.
Nov 18, 2025, 9:10 PM
Rexford Industrial Realty, Inc. Reports Q3 2025 Results, Raises Full-Year FFO Guidance
REXR
Earnings
Guidance Update
Share Buyback
- Rexford Industrial Realty, Inc. reported Q3 2025 core FFO of $0.60 per share and raised its full-year 2025 core FFO per share midpoint guidance to $2.40, alongside an increase in same property cash NOI midpoint to 4%.
- The company executed 3.3 million square feet of leasing in Q3 2025, nearly doubling the prior quarter, which contributed to a 96.8% same property ending occupancy and leasing spreads of 26% net effective and 10% cash basis.
- Rexford disposed of three properties totaling $54 million in Q3 2025, bringing year-to-date dispositions to $188 million, and executed $150 million in share repurchases during the quarter, with a new $500 million share repurchase program authorized.
Oct 16, 2025, 5:00 PM
REXR Reports Strong Q3 2025 Results and Raises 2025 Guidance
REXR
Earnings
Guidance Update
Share Buyback
- REXR reported Q3 2025 Core FFO per share of $0.60, a 1.7% increase compared to the prior year period, and Year-to-Date 2025 Core FFO per share of $1.82, representing a 2.8% growth.
- The company executed 3.3 million square feet of total leasing in Q3 2025 with 26.1% net effective and 10.3% cash leasing spreads, achieving an ending same property occupancy of 96.8%.
- REXR increased its 2025 Core FFO per diluted share guidance to $2.39 to $2.41 (from $2.37 to $2.41) and its Same Property Portfolio Cash NOI Growth guidance to 3.75% to 4.25% (from 2.25% to 2.75%).
- The company recycled $150 million into accretive share repurchases from $188 million in dispositions year-to-date, and maintains $1.6 billion of liquidity.
Oct 16, 2025, 5:00 PM
Quarterly earnings call transcripts for Rexford Industrial Realty.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more