REXFORD INDUSTRIAL ANNOUNCES 2021 TAX TREATMENT OF DIVIDEND DISTRIBUTIONS
Rexford Industrial Realty (REXR) announced the 2021 tax treatment for common and preferred stock dividend distributions. Common stock dividends totaled $1.175 per share with approximately 89.4% classified as taxable ordinary dividends. Preferred stock dividends amounted to $1.468752 per share in total, all considered taxable ordinary dividends. Key record and payable dates are outlined, including $0.240 per share payable for common stock on January 18, 2022. Shareholders are advised to consult tax advisors regarding the impact.
- Total common stock dividend distribution of $1.175 per share for 2021.
- High percentage of ordinary dividends classified as qualified dividends.
- None.
LOS ANGELES, Jan. 19, 2022 /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 2021 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 | 2021 Tax Treatment | |||||||||||||||||
Record | Payable | Total | Taxable in | Total | Qualified | Total Capital | Unrecaptured | Return of | Section | |||||||||
12/31/2020 | 1/15/2021 | $ 0.215000 | $ 0.142493 | $ 0.142493 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.142493 | |||||||||
3/31/2021 | 4/15/2021 | $ 0.240000 | $ 0.240000 | $ 0.240000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.240000 | |||||||||
6/30/2021 | 7/15/2021 | $ 0.240000 | $ 0.240000 | $ 0.240000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.240000 | |||||||||
9/30/2021 | 10/15/2021 | $ 0.240000 | $ 0.240000 | $ 0.240000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.240000 | |||||||||
12/31/2021 | 1/18/2022 | $ 0.240000 | $ 0.186750 | $ 0.186750 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.186750 | |||||||||
Totals: | $ 1.175000 | $ 1.049243 | $ 1.049243 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 1.049243 | ||||||||||
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 | 2021 Tax Treatment | |||||||||||||||||
Record | Payable | Total | Taxable in | Total | Qualified | Total Capital | Unrecaptured | Return of | Section | |||||||||
3/15/2021 | 3/31/2021 | $ 0.367188 | $ 0.367188 | $ 0.367188 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.367188 | |||||||||
6/15/2021 | 6/30/2021 | $ 0.367188 | $ 0.367188 | $ 0.367188 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.367188 | |||||||||
See Footnote (4) | $ 0.183594 | $ 0.183594 | $ 0.183594 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.183594 | ||||||||||
Totals: | $ 0.917970 | $ 0.917970 | $ 0.917970 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.917970 | ||||||||||
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 |
(4) | On July 12, 2021, the Company announced the redemption of all 3,600,000 shares of its |
Series B Preferred Stock - CUSIP Number 76169C308
Distribution Per Share | 2021 Tax Treatment | |||||||||||||||||
Record | Payable | Total | Taxable in | Total | Qualified | Total Capital | Unrecaptured | Return of | Section | |||||||||
3/15/2021 | 3/31/2021 | $ 0.367188 | $ 0.367188 | $ 0.367188 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.367188 | |||||||||
6/15/2021 | 6/30/2021 | $ 0.367188 | $ 0.367188 | $ 0.367188 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.367188 | |||||||||
9/15/2021 | 9/30/2021 | $ 0.367188 | $ 0.367188 | $ 0.367188 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.367188 | |||||||||
12/15/2021 | 12/31/2021 | $ 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 | 2021 Tax Treatment | |||||||||||||||||
Record | Payable | Total | Taxable in | Total | Qualified | Total Capital | Unrecaptured | Return of | Section | |||||||||
3/15/2021 | 3/31/2021 | $ 0.351563 | $ 0.351563 | $ 0.351563 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.351563 | |||||||||
6/15/2021 | 6/30/2021 | $ 0.351563 | $ 0.351563 | $ 0.351563 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.351563 | |||||||||
9/15/2021 | 9/30/2021 | $ 0.351563 | $ 0.351563 | $ 0.351563 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.000000 | $ 0.351563 | |||||||||
12/15/2021 | 12/31/2021 | $ 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 creating value by investing in and operating industrial properties throughout Southern California infill markets, owns 296 properties with approximately 36.9 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, 2020. 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 dividend amount for Rexford Industrial (REXR) in 2021?
When is the payable date for Rexford Industrial's common stock dividend?
What percentage of Rexford Industrial's dividends are taxable?
What was the total preferred stock dividend for Rexford Industrial in 2021?
