Today's conference call is hosted by Rexford Industrial's Co-Chief Executive Officers, Michael Frankel and Howard Schwimmer; together with Chief Financial Officer, Adeel Khan; and our General Counsel, David Lanzer. Although first quarter results were not materially impacted by COVID-19, I'll begin with a brief description of our market backdrop as we see it today.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Rexford Industrial (REXR) have what it takes? Let's find out.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced that the Company will release first quarter 2020 financial results after the market closes on Monday, May 4, 2020. A conference call will be held on Tuesday, May 5, 2020, at 1:00 p.m. Eastern Time to review the Company's first quarter results, discuss recent events and conduct a question-and-answer period.
Rexford Industrial (REXR) delivered FFO and revenue surprises of 3.13% and 2.75%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Real Estate Roundup is a rundown of developments in the world of industrial real estate used for logistics and transportation. Given recent lease revenue and property sales figures, it's understandable why owners of industrial real estate might think it's a sellers' market. The caveat, as always in real estate, is location, location, location.
Q4 2019 Rexford Industrial Realty Inc Earnings Call
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced the acquisition of an industrial property for $15.5 million. The acquisition was funded using cash on hand.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Rexford Industrial (REXR) have what it takes? Let's find out.
Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced the acquisition of a ten-building industrial property portfolio for $203.2 million, including assumed debt. The acquisition was completed through a combination of cash and an UPREIT transaction, whereby the seller contributed a portion of the portfolio value to the Company's operating partnership, Rexford Industrial Realty, L.P. (the "Operating Partnership") in exchange for a blend of operating partnership units ("OP Units") and newly issued convertible preferred operating partnership units ("Series 2 CPOP Units"). The newly issued Series 2 CPOP Units are non-callable by the Company for five years and feature a $45.00 liquidation preference, 4.0% dividend and 0.7722% conversion premium, all of which are more fully described in the Company's Current Report on Form 8-K filed with the SEC on or about the date of this press release.
Howard Schwimmer has been the CEO of Rexford Industrial Realty, Inc. (NYSE:REXR) since 2013. First, this article will...
Rexford Industrial (REXR) delivered FFO and revenue surprises of 3.23% and 4.33%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust ("REIT") focused on creating value by investing in and operating industrial properties in Southern California infill markets, today announced financial and operating results for the fourth quarter and full year 2019.
Q1 2020 Rexford Industrial Realty Inc Earnings Call
Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced that, under its "At the Market" stock offering program ("ATM"), the Company issued an aggregate of 2,062,505 shares of common stock during the quarter ending March 31, 2020. The shares were issued at a weighted average offering price of $36.00 per share, receiving gross proceeds of approximately $74.2 million and net proceeds of approximately $73.1 million. The Company intends to use the net proceeds of the ATM to fund potential acquisitions, for working capital and other general corporate purposes.
Rexford Industrial Reality Inc., a Los Angeles real estate investment trust that invests in and operates industrial properties in Southern California, has acquired a six-acre site in Azusa for $15.5 million.
Rexford Industrial Realty, Inc. (NYSE:REXR) shareholders are probably feeling a little disappointed, since its shares...
Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced the pricing of an underwritten public offering of 6,250,000 shares of its common stock, for expected gross proceeds of approximately $249.1 million before deducting estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of its common stock. Settlement of the offering is subject to customary closing conditions and is expected to occur on May 14, 2020.
Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced that it will be holding its Annual Meeting of Stockholders (the "Annual Meeting") as a virtual only meeting, via live audio webcast, due to the public health threat and impact of the COVID-19 pandemic. This year, stockholders will not be able to physically attend the Annual Meeting.