Rexford Industrial reports Q1 core FFO 61c, consensus 60c

Reports Q1 revenue $245.08M, consensus $243.23M. “Rexford delivered strong first quarter results driven by record leasing activity and continued execution of our strategic priorities,” said CEO Laura Clark. “Our focus on prioritizing occupancy and accretive capital recycling drove outperformance and an increase to our full-year outlook. We are beginning to see early signs of market improvement and remain confident that our disciplined capital allocation, differentiated portfolio and favorable long-term supply-demand dynamics will enable sustained value creation for our shareholders.”