Rexford Industrial (REXR) Surpasses Q2 FFO and Revenue Estimates

Rexford Industrial (REXR) came out with quarterly funds from operations (FFO) of $0.60 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.54 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 3.45%. A quarter ago, it was expected that this industrial real estate investment trust would post FFO of $0.57 per share when it actually produced FFO of $0.58, delivering a surprise of 1.75%. Over th ...