REXFORD INDUSTRIAL REALTY, INC. - REXR STOCK NEWS

Rexford Industrial Realty has acquired six industrial properties in Southern California for $218.4 million, funded by cash and a line of credit. This brings the year-to-date investment total to $993 million. The properties, mostly leased below market rates, are expected to generate above-market returns and drive cash flow growth. The company has a pipeline of over $700 million in additional investments under contract. With a low vacancy rate in the region, Rexford aims to renew existing leases or re-tenants at market rates to enhance cash yields.

Rexford Industrial Realty, Inc. (NYSE: REXR) announced the publication of an updated investor presentation ahead of upcoming investor meetings. This presentation includes quarter-to-date operating results as well as information on transactions and capital markets activities, accessible on their investor relations website. The company focuses on investing and operating industrial properties in Southern California, a key market with high demand and low supply. Rexford Industrial holds a portfolio of 322 properties totaling approximately 38.8 million rentable square feet, targeting internal and external growth opportunities.

Rexford Industrial Realty, Inc. (REXR) announced the acquisition of four industrial properties in Southern California for $163.8 million. This investment is part of their strategy to expand within the region's low-supply, high-demand market. Year-to-date, the company has invested $774 million, with a significant portion through off-market transactions. Notable acquisitions include a 200,000 square foot Class-A building in Panorama City and a site for redevelopment in Fullerton. The company aims to enhance cash yields and drive long-term shareholder value.

Rexford Industrial Realty (REXR) has been awarded the 2022 Green Lease Leaders Gold recognition by the Institute for Market Transformation and the U.S. Department of Energy. This honor acknowledges the company's efforts in sustainability, focusing on energy management, tenant engagement, and green building initiatives. The Co-CEOs highlighted Rexford’s commitment to Environmental, Social, and Governance (ESG) practices as central to its value creation strategy. The firm operates in Southern California's industrial sector, boasting a portfolio of 318 properties and 38.3 million rentable square feet.

Rexford Industrial Realty has acquired six industrial properties in prime Southern California for $153 million. These acquisitions were funded through cash and a line of credit, totaling $610 million in year-to-date investments. The properties, bought through off-market transactions, target superior returns compared to market averages. Key locations include Panorama City and Ontario, with projected cash yields ranging from 1.3% to 4.7% upon stabilization. The company plans further investments exceeding $500 million, indicating strong growth potential.

Rexford Industrial Realty (NYSE: REXR) unveiled its 2021 Environmental, Social and Governance (ESG) Report, highlighting significant strides made in enhancing sustainability and community welfare. Key achievements include a 10% reduction in energy use across repositioning projects, expansion of its LEED program to 52 certified buildings, and over 4MW in solar energy investments. Furthermore, the company has fostered a strong community engagement initiative with over 75% employee volunteer participation.

Looking ahead, Rexford aims to set science-based targets and continue its renewable energy expansion.

Rexford Industrial Realty (NYSE: REXR) reported strong Q1 2022 results with net income of $43.9 million, or $0.27 per diluted share, up from $24.9 million, or $0.19 per diluted share, year-over-year. Core FFO rose 58.4% to $76.6 million, with Core FFO per diluted share increasing 29.7% to $0.48. The company achieved a consolidated portfolio NOI of $107.2 million, up 40.9%. Average Same Property Portfolio occupancy reached 99.3%. The firm acquired 17 properties for $457.7 million and ended the quarter with a low-leverage balance sheet. An updated guidance indicates promising growth for 2022.

Rexford Industrial Realty has announced the acquisition of four industrial properties for a total of $82.7 million in infill Southern California submarkets. The acquisitions were funded through cash, partnership units, and a line of credit. In Q1 2022, the company made $458 million in investments, with over 85% from off-market transactions. The properties include multi-tenant parks and single-tenant buildings, all with potential for cash flow growth and redevelopment. Rexford also holds over $500 million in additional investments under contract.

Rexford Industrial Realty, Inc. (NYSE: REXR) will release its first quarter 2022 financial results after market close on April 19, 2022. Following this, a conference call with management is scheduled for April 20, 2022, at 1:00 PM ET. Participants can join the call by dialing 1-877-407-0789 domestically or 1-201-689-8562 internationally. The company's portfolio includes 308 properties with approximately 38.1 million rentable square feet in Southern California, a key industrial market.