Rexford Industrial's Core FFO crushed consensus by 144%, with the REIT pivoting to aggressive portfolio surgery: a $624.75 million impairment charge on non-core Southern California assets and plans to dispose of $1.5 to $2.0 billion of property in 2026, up from just $400 to $500 million prior guidance, while raising full-year Core FFO guidance and greenlighting a $1 billion buyback.
Rexford Industrial Realty :
REXR
REXR
Stock Data
$36.74
$0.24 (0.66%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - INDUSTRIAL
Rexford Industrial Realty Inc specializes in the Southern California industrial property market, one of the most in-demand and supply-constrained regions globally. As a real estate investment trust (REIT), it focuses on acquiring, operating, and redeveloping industrial spaces. With a portfolio of 371 properties spanning around 45 million rentable square feet, Rexford caters to a diverse and stable tenant base. Its unique strategy and deep market knowledge fuel both internal and external growth, making it a notable player in the industrial real estate sector and a member of the S&P MidCap 400 Index.
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