The earnings call highlighted strong lease execution, financial stability, and successful repositioning and redevelopment activities. However, there were concerns about declining market rents, macroeconomic uncertainties impacting tenant decisions, and a lack of new acquisitions. Overall, the company is well-positioned with a robust portfolio and financial health, but faces challenges in market dynamics.

Company Guidance -

Q3 2025

During Rexford Industrial's Second Quarter 2025 Earnings Call, the company reported executing 1.7 million square feet of leases, with net effective and cash leasing spreads for comparable leases at 21% and 8%, respectively. The company's same-property occupancy increased by 40 basis points to 96.1%, contributing to a positive net absorption of 220,000 square feet. Despite a 3.5% sequential and 12.8% year-over-year decline in market rents, Rexford demonstrated resilience with its tenant base and infill locations, experiencing minimal bad debt at only 6 basis points of revenue. The company continued to leverage its repositioning and redevelopment projects, executing 520,000 square feet of leases, adding to a total year-to-date activity of over 900,000 square feet with an annualized NOI of over $16 million. Additionally, Rexford maintained a strong balance sheet with $1.8 billion in liquidity and a net debt to EBITDA ratio of 4x. Looking forward, the company reaffirmed its full-year 2025 core FFO outlook of $2.37 to $2.41 per share, highlighting $195 million of incremental cash NOI growth potential.

Strong Lease Execution

Executed 1.7 million square feet of leases, including lease-up of 4 repositioning and redevelopment projects, with net effective and cash leasing spreads for comparable leases at 21% and 8%, respectively.

High Tenant Retention and Occupancy

Same-property occupancy reached 96.1%, an increase of 40 basis points sequentially, with net absorption of 220,000 square feet.

Robust Financial Position

Ended the quarter with over $1.8 billion of liquidity and a low leverage balance sheet with net debt to EBITDA of 4x.

Repositioning and Redevelopment Success

Year-to-date repositioning and redevelopment lease-up activity exceeded 900,000 square feet, representing over $16 million of annualized NOI, with a 7.4% unlevered stabilized yield on total investment.

Strong Disposition Strategy

Sold 2 properties totaling $82 million, bringing year-to-date dispositions to $134 million at a weighted average cap rate in the low 4% range, achieving an unlevered IRR of 11.9%.

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)	0.29 / -	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 (REXR) report earnings?

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

What is Rexford Industrial Realty (REXR) earnings time?

Rexford Industrial Realty (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 0.29.

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