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Rexford Industrial Realty (REXR)
NYSE:REXR
Earnings Data
Report Date
Apr 22, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.27Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced concrete, proactive management actions (dispositions, share buybacks, cutting development exposure, and G&A discipline) and acceptable near-term financial performance (Q4 core FFO in line and full-year FFO at the high end) against clear market and portfolio headwinds (occupancy declines, continued rent deflation vs peak, negative net absorption, development impairments, and elevated bad-debt reserves). Management emphasized disciplined capital allocation and liquidity to navigate the cycle, but near-term operating metrics remain pressured.Company Guidance
Strong Leasing and Value-Add Activity
Executed ~3.0 million square feet of leasing in the quarter; signed approximately 2.0 million square feet of repositioning and development leases in 2025 that are expected to generate nearly $40 million of annualized incremental NOI. Expect to stabilize and commence rent on ~1.2 million square feet in 2026 generating ~$20 million of annualized NOI (majority by midyear).
Core FFO Performance In Line and At Top of Range
Q4 core FFO per share was $0.59 (in line with expectations). Full-year 2025 core FFO per share, after adjustments, was $2.40, placing the company at the high end of initial expectations.
Active Capital Allocation — Share Buybacks and Dispositions
Repurchased $100 million of shares in the quarter and $250 million for full-year 2025. Opportunistically sold 7 properties in 2025 totaling $218 million (average cap ~4.2%). Targeting $400–$500 million of dispositions in 2026 (management expects roughly $450 million, with ~$230 million already under contract/accepted offer).
Decisive Reduction of Development Exposure
Re-underwrote development pipeline and identified 6 projects (~850,000 square feet) not moving forward; recognized $89 million of impairments related to those development sites and intend to sell these projects (all 6 currently under contract or accepted offer). Redirects ~$285 million of capital into higher-yielding uses.
Improving Operating Efficiency and Incentive Alignment
Targeted G&A as a percentage of revenue at 6% for 2026 (in line with commitment to be below peer average). Recalibrated short- and long-term executive compensation metrics and reduced absolute executive pay to better align with shareholders.
Balance Sheet and Liquidity Planning
At year-end cash was $166 million. Using the midpoint disposition expectation (~$450 million), management outlined ~$616 million of sources; after expected development/repositioning spend of ~$203 million in 2026, roughly $413 million of available cash to redeploy to highest risk-adjusted returns (including share repurchases and accretive projects).
Portfolio Quality and Market Position
Reinforced thesis on high-quality infill Southern California assets with differentiated location advantages and historically low supply under construction, positioning Rexford to capture upside when market inflects.
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
REXR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $41.39 | $38.72 | -6.45% |
Oct 15, 2025 | $42.17 | $43.12 | +2.25% |
Jul 16, 2025 | $35.94 | $35.06 | -2.45% |
Apr 16, 2025 | $31.98 | $31.85 | -0.40% |
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.
FAQ
When does Rexford Industrial Realty (REXR) report earnings?
Rexford Industrial Realty (REXR) is schdueled to report earning on Apr 22, 2026, After Close (Confirmed).
What is Rexford Industrial Realty (REXR) earnings time?
Rexford Industrial Realty (REXR) earnings time is at Apr 22, 2026, After Close (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 2026 (Q1) is 0.27.