Rexford Industrial Realty, Inc.

Listed Company

REXR-PCCIK 0001571283NYSELarge AcceleratedReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2025

Revenue

$1.00B

Net Income

$212.03M

Total Assets

$12.61B

Equity

$8.46B

Shares Out

225.72M

Op. Cash Flow

$542.09M

REXR$37.45+5.70% · past yearDBEQ Basic

Daily closing prices

Business

Rexford Industrial Realty, Inc. is a self-administered and self-managed REIT focused on owning, operating and acquiring industrial properties in Southern California infill markets. The company owns a portfolio of 419 properties totaling approximately 51.2 million rentable square feet, leased to a diversified tenant base across multiple submarkets. It generates revenue through property leasing, asset management and capital recycling, employing in-house teams for acquisitions, asset management, repositioning, development, property management and leasing.

Summary from 10-K filed 2026-02-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental income	980	922	791	631	452
Management and leasing services	589,000	611,000	682,000	616,000	468,000
Interest income	22	14	6	10,000	37,000
TOTAL REVENUES	1,003	936	798	631	452
Property expenses	228	210	184	151	108
General and administrative	79	82	75	64	49
Depreciation and amortization	316	275	245	197	151
TOTAL OPERATING EXPENSES	623	568	504	412	308
Other expenses	73	2	2	2	1
Interest expense	105	99	61	—	—
TOTAL OTHER EXPENSES	178	101	63	—	—
TOTAL EXPENSES	800	668	567	462	349
Impairment of real estate	−89	0	0	—	—
Debt extinguishment and modification expenses	−291,000	0	0	—	—
Gains on sale of real estate	106	18	19	8	34
NET INCOME	220	286	250	177	136
Less: net income attributable to noncontrolling interests	−8	−12	−12	−10	−8
NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC.	212	274	238	168	128
Less: preferred stock dividends	−9	−9	−9	−9	−13
Less: earnings allocated to participating securities	−3	−2	−1	−845,000	−568,000
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	200	263	227	157	112
Net income attributable to common stockholders per share - basic (in dollars per share)	0.86	1.2	1.12	0.92	0.8
Net income attributable to common stockholders per share - diluted (in dollars per share)	0.86	1.2	1.12	0.92	0.8
Weighted average shares of common stock outstanding - basic (in shares)	232	218	203	170	139
Weighted average shares of common stock outstanding - diluted (in shares)	233	218	203	171	140

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Land	7,690	7,822	6,816	5,841	4,143
Buildings and improvements	4,677	4,612	3,933	3,370	2,589
Tenant improvements	198	188	167	148	128
Furniture, fixtures, and equipment	132,000	132,000	132,000	132,000	132,000
Construction in progress	451	334	240	111	71
Total real estate held for investment	13,017	12,956	11,156	9,470	6,931
Accumulated depreciation	−1,166	−977	−782	−614	−473
Investments in real estate, net	11,851	11,979	10,374	8,856	6,458
Cash and cash equivalents	166	56	33	37	44
Loan receivable, net	124	123	123	0	—
Rents and other receivables, net	14	16	17	15	11
Deferred rent receivable, net	190	162	123	88	62
Deferred leasing costs, net	88	68	59	45	33
Deferred loan costs, net	7	2	3	5	2
Acquired lease intangible assets, net	141	201	154	170	132
Acquired indefinite-lived intangible asset	5	5	5	5	5
Interest rate swap assets	2	9	10	11	0
Other assets	26	27	25	25	19
Total Assets	12,613	12,648	10,930	9,259	6,781
Notes payable	3,252	3,346	2,226	1,936	1,400
Interest rate swap liability	829,000	0	—	0	7
Accounts payable, accrued expenses and other liabilities	121	150	129	97	66
Dividends and distributions payable	103	98	84	62	40
Acquired lease intangible liabilities, net	116	147	148	147	127
Tenant security deposits	92	91	85	72	57
Tenant prepaid rents	89	91	115	21	16
Total Liabilities	3,775	3,922	2,786	2,336	1,713
Common Stock, $0.01 par value per share, 489,950,000 authorized and 231,580,135 and 225,285,011 shares outstanding at December 31, 2025 and December 31, 2024, respectively	2	2	2	2	2
Additional paid-in capital	8,945	8,601	7,941	6,647	4,828
Cumulative distributions in excess of earnings	−642	−442	−339	−256	−191
Accumulated other comprehensive (loss) income	−422,000	7	7	8	−10
Total stockholders equity	8,461	8,324	7,767	6,557	4,785
Noncontrolling interests	377	402	377	366	283
Total Equity	8,838	8,726	8,144	6,923	5,068
Total Liabilities and Equity	12,613	12,648	10,930	9,259	6,781

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of net (below) above market lease intangibles and other deferred rent on certain below-market leases	−24	−28	−30	−31	−15
Accretion of net loan origination fees and costs	−460,000	−460,000	−84,000	0	0
Impairment of right-of-use asset	0	0	188,000	0	1
Loss on debt extinguishment	200,000	0	0	—	—
Amortization of debt issuance costs	5	5	4	3	2
Amortization of discount/(premium) on notes payable, net	6	5	688,000	250,000	26,000
Share-based compensation	100	42	34	28	20
Straight-line rent	−30	−38	−37	−31	−21
Payments for termination/settlement of interest rate derivatives	0	0	−161,000	−589,000	−4
Amortization related to termination/settlement of interest rate derivatives	310,000	522,000	540,000	531,000	2
Rents and other receivables	2	2	−2	−3	−745,000
Deferred leasing costs	−34	−29	−26	−18	−17
Other assets	249,000	801,000	−1	−594,000	−6
Accounts payable, accrued expenses and other liabilities	−8	9	5	9	12
Tenant security deposits	3	−3	3	6	7
Tenant prepaid rents	2	−29	1	−2	−1
Net cash provided by operating activities	542	479	428	328	231
Acquisition of investments in real estate	0	−1,506	−1,312	−2,328	−1,858
Issuance of loan receivable, net	0	0	−123	0	0
Capital expenditures	−333	−373	−267	−135	−102
Return of (payment for) deposits on real estate acquisitions, net	0	2	−2	−1	−8
Proceeds from sale of real estate	208	41	27	15	57
Net cash used in investing activities	−125	−1,836	−1,676	−2,449	−1,913
Issuance of common stock, net	478	650	1,276	1,809	1,626
Proceeds from borrowings	0	1,130	647	2,714	1,265
Repayment of borrowings	−101	−13	−357	−2,177	−1,095
Payment of debt issuance costs	−9	−5	−3	−7	−5
Redemption of private REIT preferred units	0	−122,000	0	0	—
Dividends paid to preferred stockholders	−9	−9	−9	−9	−13
Dividends paid to common stockholders	−397	−354	−291	−202	−130
Distributions paid to common unitholders	−15	−14	−11	−9	−6
Distributions paid to preferred unitholders	−651,000	−2	−3	−3	−3
Repurchase of common stock under stock repurchase programs	−250	0	0	—	—
Repurchase of common shares to satisfy employee tax withholding requirements	−2	−2	−2	−2	−1
Net cash (used in) provided by financing activities	−307	1,380	1,246	2,114	1,548
Increase (decrease) in cash, cash equivalents and restricted cash	110	23	−3	−7	−134
Cash paid for interest (net of capitalized interest of $35,335, $31,363 and $23,611 for the years December 31, 2025, 2024 and 2023, respectively)	95	74	55	45	33
Operating lease right-of-use assets obtained in exchange for lease liabilities	0	2	0	6	0
Accrual for capital expenditures	39	69	55	29	16

Filings

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Frequently asked questions

What is Rexford Industrial Realty, Inc.'s CIK number?

Rexford Industrial Realty, Inc.'s SEC CIK number is 0001571283 (1571283). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Rexford Industrial Realty, Inc.'s SEC filings?

All of Rexford Industrial Realty, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Rexford Industrial Realty, Inc. last report earnings?

Rexford Industrial Realty, Inc. (REXR-PC) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001571283-26-000017). This is Rexford Industrial Realty, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Rexford Industrial Realty, Inc.'s most recent earnings 8-K?

Rexford Industrial Realty, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001571283-26-000017. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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