Oct 22, 4:28 PM ET
Rexford Industrial reported third quarter 2026 net income attributable to common stockholders of $14.6 million, or $0.07 per diluted share, versus $87.1 million, or $0.37, a year earlier, including $71.8 million of impairments. Company share of Core FFO was $0.60 per diluted share, flat year over year, and the company raised its 2026 Core FFO guidance to $2.41-$2.44 from $2.38-$2.43, while its 2026 net loss per share guidance widened to ($1.55)-($1.52) from ($1.32)-($1.27).
- Q3 2026 net income attributable to common stockholders was $14.6 million, or $0.07 per diluted share, compared with $87.1 million, or $0.37, in Q3 2025.
- Company share of Core FFO was $0.60 per diluted share, consistent with the prior year quarter.
- 2026 Core FFO guidance raised to $2.41-$2.44 per diluted share from $2.38-$2.43; net loss per share guidance widened to ($1.55)-($1.52).
- Same Property Portfolio ending occupancy was 96.9% at September 30, 2026, up 200 basis points from June 30, 2026; the company repurchased 10.9 million shares for $408.7 million in the quarter.
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Sep 17, 4:16 PM ET
Rexford Industrial completed the $1.2 billion sale of a 22-property industrial portfolio to an affiliate of EQT Real Estate on September 16, 2026. The company said the deal is part of a $2.0 billion non-core disposition program and that it reaffirmed its 2026 guidance, which does not show a change in direction for headline results.
- Portfolio of 22 industrial properties totaling 5.2 million rentable square feet sold for approximately $1.2 billion before credits, prorations and closing adjustments
- Year-to-date dispositions total $1.5 billion, within the full-year 2026 disposition guidance range of $1.5 billion to $2.0 billion
- Quarter to date, $485 million of debt repaid and $205 million of common stock repurchased; company reaffirmed 2026 guidance from its July 23, 2026 earnings release
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Aug 18, 9:16 AM ET
Rexford Industrial Realty agreed on August 13, 2026 to sell a portfolio of 22 industrial properties to an affiliate of EQT Real Estate for about $1.2 billion in cash, subject to customary closing adjustments. The sale is part of a previously announced $2.0 billion disposition program of non-core assets, and the company reaffirmed its 2026 guidance. Shareholders will watch whether the closing occurs by the expected September 30, 2026 date and how the net proceeds are used.
- 22 industrial properties, aggregate purchase price of about $1.2 billion payable in cash at closing
- Closing expected by September 30, 2026; not subject to a due diligence condition
- Company says the deal brings 2026 dispositions closed or under contract to about $1.5 billion, within its $1.5 to $2.0 billion full-year guidance range
- Net proceeds may fund repayment of debt maturing in 2027 and repurchases under the $1.0 billion share repurchase program
Read the filing on SEC.gov ↗
Jul 23, 5:06 PM ET
Rexford Industrial reported a second-quarter net loss attributable to common stockholders of $506.9 million, or $2.26 per diluted share, driven by $624.8 million of non-cash impairments tied to assets designated for disposition. Company share of Core FFO per diluted share rose 6.8% to $0.63, and the company raised its 2026 Core FFO per share guidance and its 2026 disposition guidance to $1.5 billion to $2.0 billion, while full-year net loss per share guidance moved to a loss of $1.32 to $1.27 from prior net income guidance of $1.22 to $1.27.
- Net loss of $506.9 million ($2.26 per diluted share) versus net income of $113.4 million ($0.48) a year earlier; impairments were $624.8 million.
- Core FFO per diluted share was $0.63, up 6.8% from $0.59; Company share of Core FFO was $141.4 million, up 1.2%.
- 2026 Core FFO per share guidance raised to $2.38 to $2.43 from $2.37 to $2.42; disposition guidance raised to $1.5 billion to $2.0 billion from $400 million to $500 million.
- Same Property Portfolio NOI decreased 0.5%; comparable total new and renewal rents fell 2.8% on a net effective basis and 11.3% on a cash basis. The Board authorized a new $1.0 billion stock repurchase program after quarter end.
Read the filing on SEC.gov ↗
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