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Rexford Industrial Realty (REXR)
NYSE:REXR
Earnings Data
Report Date
Jul 16, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.28Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 16, 2025
|% Change Since: -3.06%
|Next Earnings Date:Jul 16, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced view with strong leasing performance, strategic capital allocation, and solid financials, countered by challenges from declining market rents, tariff impacts, and extended lease-up periods.Company Guidance
During Rexford Industrial Realty, Inc.'s first quarter 2025 earnings call, the company provided several key metrics and guidance. Rexford executed 2.4 million square feet of leases with net effective and cash rent spreads of 24% and 15%, respectively. Despite a 2.8% sequential decline and a 9.4% year-over-year drop in market rents, Rexford outperformed the overall market. The company achieved an 82% tenant retention rate, the highest in the past year, and reported positive absorption of 125,000 square feet for the quarter. Rexford's guidance anticipates a potential increase in lease-up timing due to recent tariffs, projecting a $15 million net NOI contribution from repositioning and redevelopment. The company maintains a strong liquidity position with $1.6 billion, including $608 million in cash, and expects to close the recast of its credit facility in May, positioning itself for long-term value creation despite current economic uncertainties.Strong Leasing Performance
Executed 2.4 million square feet of leases with net effective and cash rent spreads of 24% and 15%, respectively. Achieved 82% tenant retention, the highest level over the past year.
Accretive Capital Allocation
Completed five repositioning projects totaling 560,000 square feet at a 7.6% unlevered yield and two dispositions totaling $103 million at low 4% exit cap rates.
Solid Financial Position
Core FFO was $0.62 per share, representing 7% growth both sequentially and year over year. Maintained a low leverage balance sheet with net debt to EBITDA at 3.9 times.
High Liquidity
More than $1.6 billion of liquidity, including $608 million of cash and nearly full availability on a $1 billion unsecured line of credit.
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REXR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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REXR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 16, 2025 | $32.70 | $32.57 | -0.40% |
| Feb 05, 2025 | $40.32 | $40.12 | -0.50% |
| Oct 16, 2024 | $48.34 | $43.96 | -9.06% |
| Jul 17, 2024 | $48.22 | $47.39 | -1.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rexford Industrial Realty (REXR) report earnings?
Rexford Industrial Realty (REXR) is schdueled to report earning on Jul 16, 2025, TBA Not Confirmed.
What is Rexford Industrial Realty (REXR) earnings time?
Rexford Industrial Realty (REXR) earnings time is at Jul 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REXR EPS forecast?
REXR EPS forecast for the fiscal quarter 2025 (Q2) is 0.28.
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