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Rexford Industrial Announces 2024 Tax Treatment of Dividend Distributions

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Rexford Industrial Realty (NYSE: REXR) has released its 2024 tax treatment details for dividend distributions across its common and preferred stock shares. For common stock, the total distribution per share for 2024 was $2.050000, with $1.556754 taxable in 2024. The distributions were primarily classified as ordinary dividends ($1.546686) with a small portion as return of capital ($0.010068).

The Series B Preferred Stock paid quarterly distributions of $0.367188 per share, totaling $1.468752 for the year, all classified as ordinary dividends. Similarly, Series C Preferred Stock distributed $0.351563 quarterly, totaling $1.406252 for the year, also fully classified as ordinary dividends.

All dividend distributions qualify for the 20% tax deduction under Section 199A of the Tax Cuts and Jobs Act.

Rexford Industrial Realty (NYSE: REXR) ha rilasciato i dettagli del trattamento fiscale per il 2024 riguardanti le distribuzioni di dividendi delle sue azioni ordinarie e privilegiate. Per le azioni ordinarie, la distribuzione totale per azione per il 2024 è stata di $2.050000, con $1.556754 tassabili nel 2024. Le distribuzioni sono state principalmente classificate come dividendi ordinari ($1.546686), con una piccola parte come rimborso di capitale ($0.010068).

Le azioni privilegiate di Serie B hanno effettuato distribuzioni trimestrali di $0.367188 per azione, per un totale di $1.468752 per l'anno, tutte classificate come dividendi ordinari. Analogamente, le azioni privilegiate di Serie C hanno distribuito $0.351563 trimestrali, per un totale di $1.406252 per l'anno, anch'esse completamente classificate come dividendi ordinari.

Tutte le distribuzioni di dividendi sono ammissibili per la detrazione fiscale del 20% ai sensi della Sezione 199A del Tax Cuts and Jobs Act.

Rexford Industrial Realty (NYSE: REXR) ha publicado los detalles sobre el tratamiento fiscal de 2024 para las distribuciones de dividendos de sus acciones comunes y preferentes. Para las acciones comunes, la distribución total por acción para 2024 fue de $2.050000, con $1.556754 gravables en 2024. Las distribuciones fueron clasificadas principalmente como dividendos ordinarios ($1.546686), con una pequeña porción como devolución de capital ($0.010068).

Las acciones preferentes de la Serie B pagaron distribuciones trimestrales de $0.367188 por acción, totalizando $1.468752 para el año, todas clasificadas como dividendos ordinarios. Asimismo, las acciones preferentes de la Serie C distribuyeron $0.351563 trimestrales, totalizando $1.406252 para el año, también completamente clasificadas como dividendos ordinarios.

Todas las distribuciones de dividendos califican para una deducción fiscal del 20% bajo la Sección 199A de la Ley de Reducción de Impuestos y Empleos.

렉스포드 인더스트리얼 리얼티 (NYSE: REXR)는 일반 주식 및 우선 주식에 대한 배당금 분배의 2024년 세금 처리 세부 사항을 발표했습니다. 일반 주식의 경우, 2024년 주당 총 분배금은 $2.050000이며, 그 중 $1.556754가 2024년에 과세됩니다. 분배금은 주로 일반 배당금($1.546686)으로 분류되었으며, 소액의 자본 반환($0.010068)이 포함되어 있습니다.

B시리즈 우선주가 매 분기 주당 $0.367188의 분배금을 지급하여 연간 총 $1.468752로, 모두 일반 배당금으로 분류되었습니다. 비슷하게 C시리즈 우선주도 분기마다 $0.351563을 배분하여 연간 총 $1.406252를 지급하였으며, 역시 전량 일반 배당금으로 분류되었습니다.

모든 배당금 분배는 세금 감면 법안의 199A항에 따라 20% 세금 공제 자격이 됩니다.

Rexford Industrial Realty (NYSE: REXR) a publié les détails du traitement fiscal pour 2024 concernant les distributions de dividendes de ses actions ordinaires et privilégiées. Pour les actions ordinaires, la distribution totale par action pour 2024 était de 2,050000 $, dont 1,556754 $ imposables en 2024. Les distributions étaient principalement classées comme dividendes ordinaires (1,546686 $), avec une petite partie comme remboursement de capital (0,010068 $).

Les actions privilégiées de la Série B ont payé des distributions trimestrielles de 0,367188 $ par action, totalisant 1,468752 $ pour l'année, toutes classées comme dividendes ordinaires. De même, les actions privilégiées de la Série C ont distribué 0,351563 $ par trimestre, totalisant 1,406252 $ pour l'année, également entièrement classées comme dividendes ordinaires.

Toutes les distributions de dividendes sont éligibles pour une déduction fiscale de 20 % en vertu de la Section 199A de la loi sur la réduction des impôts et l'emploi.

Rexford Industrial Realty (NYSE: REXR) hat die Einzelheiten zur Steuerbehandlung für 2024 hinsichtlich der Dividendenverteilungen seiner Stamm- und Vorzugsaktien veröffentlicht. Für Stammaktien betrug die Gesamtausschüttung pro Aktie für 2024 $2.050000, von denen $1.556754 im Jahr 2024 versteuert werden. Die Ausschüttungen wurden hauptsächlich als ordentliche Dividenden ($1.546686) klassifiziert, mit einem kleinen Teil als Kapitalrückzahlung ($0.010068).

Die Serie B Vorzugsaktien zahlten vierteljährliche Ausschüttungen von $0.367188 pro Aktie, was insgesamt $1.468752 für das Jahr ergibt, alles klassifiziert als ordentliche Dividenden. Ebenso haben die Serie C Vorzugsaktien vierteljährlich $0.351563 ausgeschüttet, was insgesamt $1.406252 für das Jahr ergibt und ebenfalls vollständig als ordentliche Dividenden klassifiziert ist.

Alle Dividendenverteilungen berechtigen zur 20%igen Steuervergünstigung gemäß Section 199A des Steuer- und Arbeitsrechts.

Positive
  • Consistent quarterly dividend payments maintained across all share classes
  • Dividends qualify for 20% tax deduction under Section 199A
  • Common stock dividend increased to $0.417500 per share for Q2-Q4 2024
Negative
  • Small portion of common stock dividend ($0.010068) classified as return of capital, reducing cost basis

LOS ANGELES, Jan. 21, 2025 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today announced the 2024 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


2024 Tax Treatment

Record
Date


Payable
Date


Total


Taxable in
2024


Total
Ordinary
Dividends


Qualified
Dividends (1)


Total Capital
Gain
Distributions


Unrecaptured
Section 1250
Gain (2)


Return of
Capital
(Nondividend
Distributions)


Section
199A
Dividends (3)

12/29/2023


1/16/2024


$   0.380000


$   0.304254


$   0.302286


$    0.000000


$      0.000000


$       0.000000


$       0.001968


$    0.302286

3/28/2024


4/15/2024


$   0.417500


$   0.417500


$   0.414800


$    0.000000


$      0.000000


$       0.000000


$       0.002700


$    0.414800

6/28/2024


7/15/2024


$   0.417500


$   0.417500


$   0.414800


$    0.000000


$      0.000000


$       0.000000


$       0.002700


$    0.414800

9/30/2024


10/15/2024


$   0.417500


$   0.417500


$   0.414800


$    0.000000


$      0.000000


$       0.000000


$       0.002700


$    0.414800

12/31/2024


1/15/2025


$   0.417500


$   0.000000


$   0.000000


$    0.000000


$      0.000000


$       0.000000


$       0.000000


$    0.000000



Totals:


$   2.050000


$   1.556754


$   1.546686


$    0.000000


$      0.000000


$       0.000000


$       0.010068


$    1.546686




















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 20% of ordinary dividends distributed by a REIT (excluding capital gain dividends and qualified dividend income). Section 199A Dividends (Box 5) are a subset of, and are included in, the Taxable Ordinary Dividends reported in Box 1a.

The common stock distribution of $0.380000 per share payable on January 16, 2024, to shareholders of record as of December 29, 2023, was treated as paid in two tax years for income tax purposes, with approximately 80.07%, or $0.304254 per share allocable to 2024 for federal income tax purposes.

The common stock distribution of $0.417500 per share payable on January 15, 2025, to shareholders of record as of December 31, 2024, is considered a 2025 distribution for federal income tax purposes.

Series B Preferred Stock - CUSIP Number 76169C308





Distribution Per Share


2024 Tax Treatment

Record
Date


Payable
Date


Total


Taxable in
2024


Total
Ordinary
Dividends


Qualified
Dividends (1)


Total Capital
Gain
Distributions


Unrecaptured
Section 1250
Gain (2)


Return of
Capital
(Nondividend
Distributions)


Section
199A
Dividends (3)

3/15/2024


3/28/2024


$    0.367188


$    0.367188


$    0.367188


$     0.000000


$     0.000000


$       0.000000


$      0.000000


$    0.367188

6/14/2024


6/28/2024


$    0.367188


$    0.367188


$    0.367188


$     0.000000


$     0.000000


$       0.000000


$      0.000000


$    0.367188

9/16/2024


9/30/2024


$    0.367188


$    0.367188


$    0.367188


$     0.000000


$     0.000000


$       0.000000


$      0.000000


$    0.367188

12/16/2024


12/31/2024


$    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 20% of ordinary dividends distributed by a REIT (excluding capital gain dividends and qualified dividend income). Section 199A Dividends (Box 5) are a subset of, and are included in, the Taxable Ordinary Dividends reported in Box 1a.

Series C Preferred Stock - CUSIP Number 76169C407





Distribution Per Share


2024 Tax Treatment

Record
Date


Payable
Date


Total


Taxable in
2024


Total
Ordinary
Dividends


Qualified
Dividends (1)


Total Capital
Gain
Distributions


Unrecaptured
Section 1250
Gain (2)


Return of
Capital
(Nondividend
Distributions)


Section
199A
Dividends (3)

3/15/2024


3/28/2024


$    0.351563


$    0.351563


$    0.351563


$     0.000000


$     0.000000


$       0.000000


$      0.000000


$    0.351563

6/14/2024


6/28/2024


$    0.351563


$    0.351563


$    0.351563


$     0.000000


$     0.000000


$       0.000000


$      0.000000


$    0.351563

9/16/2024


9/30/2024


$    0.351563


$    0.351563


$    0.351563


$     0.000000


$     0.000000


$       0.000000


$      0.000000


$    0.351563

12/16/2024


12/31/2024


$    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 20% of ordinary dividends distributed by a REIT (excluding capital gain dividends and qualified dividend income). Section 199A Dividends (Box 5) are a subset of, and are included in, the Taxable Ordinary Dividends reported in Box 1a.

About Rexford Industrial

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest demand, lowest supply market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial's high-quality, irreplaceable portfolio comprises 424 properties with approximately 50.5 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member. For more information, please 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, 2023. 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:

Mikayla Lynch
Director, Investor Relations and Capital Markets
(424) 276-3454
mlynch@rexfordindustrial.com

Cision View original content:https://www.prnewswire.com/news-releases/rexford-industrial-announces-2024-tax-treatment-of-dividend-distributions-302356610.html

SOURCE Rexford Industrial Realty, Inc.

FAQ

What is the total dividend distribution per share for REXR common stock in 2024?

The total dividend distribution for REXR common stock in 2024 was $2.050000 per share.

How much of REXR's 2024 common stock dividend is classified as ordinary dividends?

Of the total distribution, $1.546686 per share was classified as ordinary dividends.

What is the quarterly dividend amount for REXR Series B Preferred Stock in 2024?

The quarterly dividend for Series B Preferred Stock was $0.367188 per share.

How are REXR's 2024 dividends treated under Section 199A tax regulations?

All ordinary dividends qualify for the 20% tax deduction under Section 199A of the Tax Cuts and Jobs Act.

What portion of REXR's 2024 common stock dividend is return of capital?

The return of capital portion is $0.010068 per share for 2024.

REXFORD INDUSTRIAL REALTY, INC.

NYSE:REXR

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