Rexford Industrial Announces 2020 Tax Treatment Of Dividend Distributions
Rexford Industrial Realty (NYSE: REXR) disclosed the 2020 tax treatment for its common and preferred stock dividends. The total common stock dividend for 2020 was $1.045 per share, with $0.834238 classified as ordinary dividends. Key distributions include $0.215 per share for Q1-Q4, with a portion taxable in 2020 and 2021. For preferred stock (Series A, B, and C), the total distribution was $1.468752 per share, all classified as ordinary dividends. Shareholders should consult tax advisors for personal tax treatment.
- Total common stock dividend of $1.045 per share.
- Preferred stock distributions totaled $1.468752 per share, providing steady income to shareholders.
- None.
LOS ANGELES, Jan. 20, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced the 2020 tax treatment of the Company's common stock and preferred stock dividend distributions, as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's dividend distributions.
Common Stock - CUSIP Number 76169C100
Distribution Per Share | 2020 Tax Treatment | |||||||||||||||||||||||||||||||||
Record Date | Payable Date | Total | Taxable in | Total | Qualified Dividends (1) | Total Capital Gain Distributions | Unrecaptured Section 1250 Gain (2) | Return of Capital (Nondividend Distributions) | Section 199A Dividends (3) | |||||||||||||||||||||||||
12/31/2019 | 1/15/2020 | $ | 0.185000 | $ | 0.116731 | $ | 0.116731 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.116731 | |||||||||||||||||
3/31/2020 | 4/15/2020 | $ | 0.215000 | $ | 0.215000 | $ | 0.215000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.215000 | |||||||||||||||||
6/30/2020 | 7/15/2020 | $ | 0.215000 | $ | 0.215000 | $ | 0.215000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.215000 | |||||||||||||||||
9/30/2020 | 10/15/2020 | $ | 0.215000 | $ | 0.215000 | $ | 0.215000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.215000 | |||||||||||||||||
12/31/2020 | 1/15/2021 | $ | 0.215000 | $ | 0.072507 | $ | 0.072507 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.072507 | |||||||||||||||||
Totals: | $ | 1.045000 | $ | 0.834238 | $ | 0.834238 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.834238 | ||||||||||||||||||
Form 1099-DIV Box: | 1a | 1b | 2a | 2b | 3 | 5 | ||||||||||||||||||||||||||||
(1) | Qualified Dividends (Box 1b) are a subset of, and are included in, the Total Ordinary Dividends reported in Box 1a. |
(2) | Unrecaptured Section 1250 Gain (Box 2b) is a subset of, and is included in, the Total Capital Gain Distributions reported in box 2a. |
(3) | The Tax Cuts and Jobs Act enacted on December 22, 2017, generally allows a deduction for individuals equal to |
The common stock distribution of
The common stock distribution of
Series A Preferred Stock - CUSIP Number 76169C209
Distribution Per Share | 2020 Tax Treatment | |||||||||||||||||||||||||||||||||
Record Date | Payable Date | Total | Taxable in 2020 | Total Ordinary Dividends | Qualified Dividends (1) | Total Capital Gain Distributions | Unrecaptured Section 1250 Gain (2) | Return of Capital (Nondividend Distributions) | Section 199A Dividends (3) | |||||||||||||||||||||||||
3/13/2020 | 3/31/2020 | $ | 0.367188 | $ | 0.367188 | $ | 0.367188 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.367188 | |||||||||||||||||
6/15/2020 | 6/30/2020 | $ | 0.367188 | $ | 0.367188 | $ | 0.367188 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.367188 | |||||||||||||||||
9/15/2020 | 9/30/2020 | $ | 0.367188 | $ | 0.367188 | $ | 0.367188 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.367188 | |||||||||||||||||
12/15/2020 | 12/31/2020 | $ | 0.367188 | $ | 0.367188 | $ | 0.367188 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.367188 | |||||||||||||||||
Totals: | $ | 1.468752 | $ | 1.468752 | $ | 1.468752 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 1.468752 | ||||||||||||||||||
Form 1099-DIV Box: | 1a | 1b | 2a | 2b | 3 | 5 | ||||||||||||||||||||||||||||
(1) | Qualified Dividends (Box 1b) are a subset of, and are included in, the Total Ordinary Dividends reported in Box 1a. |
(2) | Unrecaptured Section 1250 Gain (Box 2b) is a subset of, and is included in, the Total Capital Gain Distributions reported in box 2a. |
(3) | The Tax Cuts and Jobs Act enacted on December 22, 2017, generally allows a deduction for individuals equal to |
Series B Preferred Stock - CUSIP Number 76169C308
Distribution Per Share | 2020 Tax Treatment | |||||||||||||||||||||||||||||||||
Record Date | Payable Date | Total | Taxable in 2020 | Total Ordinary Dividends | Qualified Dividends (1) | Total Capital Gain Distributions | Unrecaptured Section 1250 Gain (2) | Return of Capital (Nondividend Distributions) | Section 199A | |||||||||||||||||||||||||
3/13/2020 | 3/31/2020 | $ | 0.367188 | $ | 0.367188 | $ | 0.367188 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.367188 | |||||||||||||||||
6/15/2020 | 6/30/2020 | $ | 0.367188 | $ | 0.367188 | $ | 0.367188 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.367188 | |||||||||||||||||
9/15/2020 | 9/30/2020 | $ | 0.367188 | $ | 0.367188 | $ | 0.367188 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.367188 | |||||||||||||||||
12/15/2020 | 12/31/2020 | $ | 0.367188 | $ | 0.367188 | $ | 0.367188 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.367188 | |||||||||||||||||
Totals: | $ | 1.468752 | $ | 1.468752 | $ | 1.468752 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 1.468752 | ||||||||||||||||||
Form 1099-DIV Box: | 1a | 1b | 2a | 2b | 3 | 5 | ||||||||||||||||||||||||||||
(1) | Qualified Dividends (Box 1b) are a subset of, and are included in, the Total Ordinary Dividends reported in Box 1a. |
(2) | Unrecaptured Section 1250 Gain (Box 2b) is a subset of, and is included in, the Total Capital Gain Distributions reported in box 2a. |
(3) | The Tax Cuts and Jobs Act enacted on December 22, 2017, generally allows a deduction for individuals equal to |
Series C Preferred Stock - CUSIP Number 76169C407
Distribution Per Share | 2020 Tax Treatment | |||||||||||||||||||||||||||||||||
Record Date | Payable Date | Total | Taxable in 2020 | Total Ordinary Dividends | Qualified Dividends (1) | Total Capital Gain Distributions | Unrecaptured Section 1250 Gain (2) | Return of Capital (Nondividend Distributions) | Section 199A Dividends (3) | |||||||||||||||||||||||||
3/13/2020 | 3/31/2020 | $ | 0.351563 | $ | 0.351563 | $ | 0.351563 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.351563 | |||||||||||||||||
6/15/2020 | 6/30/2020 | $ | 0.351563 | $ | 0.351563 | $ | 0.351563 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.351563 | |||||||||||||||||
9/15/2020 | 9/30/2020 | $ | 0.351563 | $ | 0.351563 | $ | 0.351563 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.351563 | |||||||||||||||||
12/15/2020 | 12/31/2020 | $ | 0.351563 | $ | 0.351563 | $ | 0.351563 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.351563 | |||||||||||||||||
Totals: | $ | 1.406252 | $ | 1.406252 | $ | 1.406252 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 0.000000 | $ | 1.406252 | ||||||||||||||||||
Form 1099-DIV Box: | 1a | 1b | 2a | 2b | 3 | 5 | ||||||||||||||||||||||||||||
(1) | Qualified Dividends (Box 1b) are a subset of, and are included in, the Total Ordinary Dividends reported in Box 1a. |
(2) | Unrecaptured Section 1250 Gain (Box 2b) is a subset of, and is included in, the Total Capital Gain Distributions reported in box 2a. |
(3) | The Tax Cuts and Jobs Act enacted on December 22, 2017 generally allows a deduction for individuals equal to |
About Rexford Industrial
Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 249 properties with approximately 31.5 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.
For additional information, visit www.rexfordindustrial.com.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2019. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.
Contact:
Investor Relations:
Stephen Swett
424-256-2153 ext. 401
investorrelations@rexfordindustrial.com
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SOURCE Rexford Industrial Realty, Inc.
FAQ
What is the REXR dividend payment schedule for 2020?
How much was the total dividend paid for common stock in 2020?
What percentage of the common stock dividend is taxable for 2020?
What is the total preferred stock dividend for 2020?
