Rexford (REXR) Leases 1.3M Square Feet, Acquires $143M QTD [Yahoo! Finance]
Rexford Industrial Realty, Inc. (REXR)
Last rexford industrial realty, inc. earnings: 2/11 04:15 pm
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US:NYSE Investor Relations:
ir.rexfordindustrial.com
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Source: Yahoo! Finance
This industrial REIT recently announced that so far in the second quarter of 2024, it has executed 1.125 million square feet of new and renewal leases, with an average size of 16,000 square feet. This included around 675,000 square feet of renewal leases and 450,000 square feet of new leases. What is encouraging is that the comparable rental rates on new and renewal leases increased by 68% compared to prior rents on a net effective basis and by 51% on a cash basis. This is also in line with expectations. The REIT also experienced solid occupancy, with the same property portfolio occupancy reaching 96.5% as of May 22, 2024, representing a 10-basis point increase compared to the prior quarter end. Rexford also continues to focus on a disciplined approach to highly accretive capital allocation through strategic investment and disposition activity. The company completed two industrial property investments for a total of $143 million. In the same month, REXR completed the disposition
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REXR
News
- Rexford Industrial Announces Leadership Transition PlansPR Newswire
- Rexford Industrial Realty, Inc. (NYSE: REXR) had its price target lowered by analysts at Mizuho from $52.00 to $50.00. They now have a "neutral" rating on the stock.MarketBeat
- Rexford Industrial Releases Environmental, Social and Governance Impact Report [Yahoo! Finance]Yahoo! Finance
- Rexford Industrial Releases Environmental, Social and Governance Impact ReportPR Newswire
- Rexford Industrial Announces Operating and Transaction Activity Update [Yahoo! Finance]Yahoo! Finance
REXR
Earnings
- 4/17/24 - In-Line
REXR
Sec Filings
- 6/17/24 - Form 8-K
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- REXR's page on the SEC website