Rexford Industrial reports Q2 core FFO 59c, consensus 58c

Reports Q2 revenue $249.5M, consensus $251.72M. “Rexford Industrial (REXR) maintained strong performance in the second quarter and year to date, demonstrating the resiliency of our business model in today’s dynamic market environment,” said Michael Frankel and Howard Schwimmer, Co-CEOs. “The long-term, superior supply and demand drivers within infill Southern California, our substantial embedded growth opportunity, fortress-like balance sheet and best-in-class team continue to deliver growing value to our stakeholders.”