Rexford Industrial (REXR) Q3 FFO and Revenues Surpass Estimates

Core Insights - Rexford Industrial (REXR) reported quarterly funds from operations (FFO) of $0.6 per share, exceeding the Zacks Consensus Estimate of $0.59 per share, and showing an increase from $0.59 per share a year ago, resulting in an FFO surprise of +1.69% [1] - The company achieved revenues of $253.24 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.35% and increasing from $241.84 million year-over-year [2] - Rexford Industrial has outperformed consensus FFO estimates three times in the last four quarters, indicating a positive trend in financial performance [2] Financial Performance - The FFO for the previous quarter was $0.59 per share, which was also above the expected $0.58 per share, delivering a surprise of +1.72% [1] - The current consensus FFO estimate for the upcoming quarter is $0.59 on revenues of $249.25 million, and for the current fiscal year, it is $2.38 on revenues of $998.48 million [7] Market Position - Rexford Industrial shares have increased approximately 5.9% since the beginning of the year, while the S&P 500 has gained 13% [3] - The Zacks Industry Rank places the REIT and Equity Trust - Other sector in the top 28% of over 250 Zacks industries, suggesting a favorable industry outlook [8] Future Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call and future FFO expectations [3][4] - The estimate revisions trend for Rexford Industrial was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]