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Rexford Industrial Realty ( (REXR) ) has shared an update.
Rexford Industrial Realty announced solid financial and operating results for the fourth quarter and full year of 2024, demonstrating the strength of its business model. The company reported a net income attributable to common stockholders of $262.9 million for 2024, marking a significant increase from the previous year. Core FFO also rose by 15%, with rental rates showing significant growth across new and renewal leases. The company completed acquisitions worth $1.5 billion and maintained a low-leverage balance sheet, indicating strong financial health and strategic positioning in the market.
More about Rexford Industrial Realty
Rexford Industrial Realty, Inc. is a real estate investment trust (REIT) that focuses on investing in and operating industrial properties throughout infill Southern California.
YTD Price Performance: 6.14%
Average Trading Volume: 1,924,826
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.07B
Learn more about REXR stock on TipRanks’ Stock Analysis page.
