Rexford Industrial's earnings call presented a mix of strong leasing activity and financial health against the backdrop of market rent declines and macroeconomic uncertainty. While there are challenges in specific submarkets and delays in rent commencements, the company's substantial embedded growth potential and successful repositioning projects provide a positive outlook.

Company Guidance -

Q3 2025

During Rexford Industrial's Second Quarter 2025 earnings call, the company reported strong leasing activity, with 1.7 million square feet of leases executed, including the lease-up of four repositioning and redevelopment projects. Net effective and cash leasing spreads for comparable leases were 21% and 8%, respectively. Same-property occupancy increased to 96.1%, while net absorption was a positive 220,000 square feet. The company highlighted the strength of its tenant base, with bad debt levels at only 6 basis points of revenue. Despite some macroeconomic and tariff-related challenges impacting market rents, which declined approximately 3.5% sequentially and 12.8% year-over-year, Rexford's portfolio showed relative resilience. The company executed 520,000 square feet of leases from repositioning and redevelopment projects during and after the quarter, contributing to a 7.4% unlevered stabilized yield on total investment. Rexford's year-to-date repositioning and redevelopment lease-up activity has surpassed 900,000 square feet, generating over $16 million in annualized NOI. The company sold two properties totaling $82 million, achieving a weighted average cap rate in the low 4% range, and has $54 million of dispositions under contract. Looking ahead, Rexford reaffirmed its full-year 2025 core FFO outlook of $2.37 to $2.41 per share, emphasizing the substantial embedded growth opportunities within its Southern California portfolio.

Strong Leasing Activity

1.7 million square feet of leases executed in the quarter, including lease-up of 4 repositioning and redevelopment projects. Net effective and cash leasing spreads for comparable leases were 21% and 8%, respectively.

Positive Occupancy Trends

Same property occupancy increased to 96.1%, up 40 basis points sequentially, with positive net absorption of 220,000 square feet.

Low Levels of Bad Debt

Bad debt levels were minimal at only 6 basis points of revenue, demonstrating strong tenant health.

Repositioning and Redevelopment Success

520,000 square feet of leases executed from repositioning and redevelopment projects, with a year-to-date total of over 900,000 square feet, representing over $16 million of annualized NOI and a 7.4% unlevered stabilized yield on total investment.

Strong Financial Position

Core FFO was $0.59 per share, a $0.01 increase over the prior quarter when excluding one-time termination revenue. The balance sheet ended with over $1.8 billion of liquidity and net debt to EBITDA of 4x.

Rexford Industrial Realty (REXR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

REXR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 15, 2025	2025 (Q3)	0.28 / -	0.3	―	―	―
Jul 16, 2025	2025 (Q2)	0.25 / 0.48	0.37	29.73% (+0.11)
Apr 16, 2025	2025 (Q1)	0.27 / 0.30	0.27	11.11% (+0.03)
Feb 05, 2025	2024 (Q4)	0.27 / 0.27	0.29	-6.90% (-0.02)
Oct 16, 2024	2024 (Q3)	0.28 / 0.30	0.27	11.11% (+0.03)
Jul 17, 2024	2024 (Q2)	0.27 / 0.37	0.26	42.31% (+0.11)
Apr 17, 2024	2024 (Q1)	0.27 / 0.27	0.3	-10.00% (-0.03)
Feb 06, 2024	2023 (Q4)	0.27 / 0.29	0.22	31.82% (+0.07)
Oct 18, 2023	2023 (Q3)	0.27 / 0.27	0.21	28.57% (+0.06)
Jul 19, 2023	2023 (Q2)	0.26 / 0.26	0.22	18.18% (+0.04)

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
Jul 16, 2025	$36.32	$35.43	-2.45%
Apr 16, 2025	$32.31	$32.18	-0.40%
Feb 05, 2025	$39.85	$39.64	-0.53%
Oct 16, 2024	$47.77	$43.44	-9.06%

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, Inc. (REXR) report earnings?

Rexford Industrial Realty, Inc. (REXR) is schdueled to report earning on Oct 15, 2025, After Close (Confirmed).

What is Rexford Industrial Realty, Inc. (REXR) earnings time?

Rexford Industrial Realty, Inc. (REXR) earnings time is at Oct 15, 2025, 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 2025 (Q3) is 0.28.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing