Rexford Industrial Realty, Inc. SEC 10-Q Report

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2025.04.21 10:03
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Rexford Industrial Realty, Inc. has released its Form 10-Q report for Q1 2025, showcasing significant financial growth. Total revenues reached $252.3 million, up from $214.1 million, with net income increasing to $74.0 million from $64.3 million. Earnings per share rose to $0.30, reflecting strong profitability. The company focuses on high-demand Southern California markets, managing 424 properties with 51.0 million rentable square feet. Future plans include continued acquisition and redevelopment of industrial properties in these areas.

Rexford Industrial Realty, Inc., a leading real estate investment trust (REIT) specializing in owning and operating industrial properties in Southern California, has released its Form 10-Q report for the first quarter of 2025. The report highlights significant financial growth and robust operational performance, underscoring the company's strategic focus on high-demand infill markets.

Financial Highlights

Rexford Industrial Realty, Inc. reported impressive financial results for the first quarter of 2025, showcasing substantial growth across key metrics:

  • Total Revenues: $252.3 million, reflecting a significant increase from the previous year's $214.1 million, driven by higher rental income.
  • Net Income: $74.0 million, up from $64.3 million in the prior year, indicating improved profitability.
  • Net Income Attributable to Common Stockholders: $68.3 million, compared to $58.6 million in the previous year, showcasing strong earnings growth.
  • Net Income Attributable to Common Stockholders Per Share - Basic: $0.30, an increase from $0.27, highlighting enhanced earnings per share.
  • Net Income Attributable to Common Stockholders Per Share - Diluted: $0.30, up from $0.27, consistent with the basic earnings per share growth.

Business Highlights

In addition to its financial achievements, Rexford Industrial Realty, Inc. demonstrated strong operational performance and strategic focus:

  • Revenue Segments: The company reported rental income as its primary source of revenue, with additional contributions from management and leasing services, and interest income.
  • Geographical Performance: The company's operations are concentrated in Southern California infill markets, with a portfolio consisting of 424 properties and approximately 51.0 million rentable square feet as of March 31, 2025.
  • Future Outlook: The company remains focused on owning and operating industrial properties in Southern California, with plans to continue acquiring, repositioning, and redeveloping industrial real estate in these markets.

SEC Filing: Rexford Industrial Realty, Inc. [ REXR ] - 10-Q - Apr. 18, 2025

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