Rexford Industrial Realty, Inc. (REXR) recently provided its operating activity update. From the beginning of the fourth quarter through Nov. 14, 2024, the company secured approximately 657,000 square feet of new and renewal leases, with an average lease size of 16,000 square feet. This total encompasses approximately 422,000 square feet of renewal leases and 235,000 square feet of new leases.When compared to prior rents, comparable rental rates for both new and renewal leases have risen by 80% on a net eff ...

LOS ANGELES, Nov. 14, 2024 /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 an operating activity update in advance of upcoming investor meetings.In the fourth quarter of 2024 to date, Rexford Industrial executed approximately 657,000 square feet of new and renewal leases, with an avera ...

If you are looking to benefit from a growing income stream, then you'll want to get to know Visa and Rexford as November gets underway.Most investors thinking about dividends are looking for high-yield stocks. But that's just one way to benefit from dividends; another way (equally attractive) is to buy stocks that grow their payouts at a rapid clip. Given enough time, this can turn a small yield into a very large yield relative to the purchase price of the stock.Basically, dividend growth helps you increase ...

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LOS ANGELES, Oct. 21, 2024 /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 appointment of Michael Fitzmaurice as Chief Financial Officer (CFO) and the promotion of Laura Clark, the Company's current CFO, to the role of Chief Operating Officer (COO), effective November 18, 2024."We ...

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Rexford Industrial (REXR) reported $241.84 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 17.7%. EPS of $0.59 for the same period compares to $0.27 a year ago. The reported revenue represents a surprise of +0.90% over the Zacks Consensus Estimate of $239.7 million. With the consensus EPS estimate being $0.58, the EPS surprise was +1.72%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Rexford Industrial (REXR) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 1.72%. A quarter ago, it was expected that this industrial real estate investment trust would post FFO of $0.58 per share when it actually produced FFO of $0.60, delivering a surprise of 3.45%. Over th ...

Group 1 - The promise of interest rate cuts beginning in 2024 has revitalized the REITs sector after poor performance in 2022 and much of 2023 [1] - The Federal Reserve has initiated a shift in monetary policy that is expected to positively impact real estate investment trusts (REITs) [1]

LOS ANGELES, Sept. 16, 2024 /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 that the Company will release third quarter 2024 financial results after the market closes on Wednesday, October 16, 2024. A conference call with senior management will be held on Thursday, October 17, 2024 at ...