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-0.000239234449760888 -0.00143540669856465 -0.000478468899521606 0.000119617224880274 0.0021531100478468 0.000956937799043042 0.00789473684210522 0.0050239234449761
Stock impact report

Rexford Industrial Leases 657k Square Feet, Rental Rates Rise [Yahoo! Finance]

Rexford Industrial Realty, Inc. (REXR) 
Last rexford industrial realty, inc. earnings: 2/11 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.rexfordindustrial.com
Company Research Source: Yahoo! Finance
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 effective basis and 60% on a cash basis. The average annual rent steps were 3.9% for leases executed since the beginning of the fourth quarter through Nov. 14, 2024. From the beginning of 2024 through Oct. 31, 2024, the average occupancy for Same Property Portfolio was pinned at 96.8%, while the ending occupancy rate was recorded at 95.9%. In the third quarter of 2024, Rexford experienced decent leasing activity. The company executed 56 new leases encompassing 994,566 square feet and 52 renewal leases totaling 599,259 square feet in the quarter. As of Sept. 30, 2 Show less Read more
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