Financial PerformanceCore FFOps beat on higher occupancy and incremental share repurchases, leading to a FY25 guidance raise above consensus.
Financial StrategyThe company is initiating a programmatic disposition program, selling non-core assets and redeploying proceeds into high-return repositioning projects, share repurchases, and debt pay down.
Shareholder ConfidenceElliott is pleased with steps REXR has taken, remains a top five shareholder, and sees ~20% upside to REXR's NAV.