Rexford Industrial Realty, Inc. ( (REXR) ) has released its Q3 earnings. Here is a breakdown of the information Rexford Industrial Realty, Inc. presented to its investors.
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Rexford Industrial Realty, Inc. is a real estate investment trust (REIT) specializing in the acquisition, operation, and redevelopment of industrial properties in Southern California, a region known for its high demand and limited supply of industrial space.
In its third-quarter 2025 earnings report, Rexford Industrial Realty, Inc. announced a notable increase in net income and core funds from operations (FFO), reflecting the company’s robust performance in the industrial real estate sector. The company also highlighted significant leasing activity and strategic property sales.
Key financial highlights include a net income of $87.1 million, or $0.37 per diluted share, up from $65.1 million in the same quarter last year. The company’s share of core FFO rose by 9.0% to $141.7 million, with a per-share increase of 1.7% to $0.60. Additionally, the total portfolio net operating income (NOI) increased by 2.9%, while the same property portfolio cash NOI saw a 5.5% rise. Rexford executed 3.3 million square feet of new and renewal leases, with rental rates increasing significantly.
Strategically, Rexford sold three properties for $53.6 million, achieving a weighted average unlevered internal rate of return (IRR) of 14.3%. The company also repurchased nearly 3.9 million shares of common stock, demonstrating a commitment to capital allocation and shareholder value. The balance sheet remains strong, with a low leverage ratio and significant liquidity.
Looking ahead, Rexford Industrial Realty, Inc. remains optimistic about its growth prospects, as evidenced by its updated 2025 guidance. The company anticipates continued strong performance driven by its strategic initiatives and the favorable dynamics of the Southern California industrial market.