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Stock impact report

Rexford Sees Solid Demand, Leases 275,000 Square Feet in Ontario [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
Recently, this industrial real estate investment trust (REIT) announced a lease for 274,885 square feet of value-add-repositioned project at 500 Dupont Avenue in Ontario, CA. The property located in the Inland Empire – West submarket was leased to a third-party logistics provider. Reflecting the positive sentiments of investors, shares of REXR were up 1.4% during Tuesday's regular trading session. The project underwent overall building modernization, including the expansion of dock-high loading, the installation of upgraded ESFR fire sprinklers, the construction of new office spaces and the establishment of a new, secured container storage yard. The lease is set to begin in October 2024, with the project anticipated to stabilize at an unlevered stabilized yield of 5.5%. REXR's Leasing Update The leasing activity demonstrates strong tenant demand fundamentals within Rexford's target infill Southern California markets. In the second quarter of 2024, Rexford reported impressi Show less Read more
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