Rexford industrial realty, inc. (REXR)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Dec'12
ASSETS
Land

2,068

1,927

1,728

1,590

1,364

1,298

1,218

1,199

1,020

997

925

763

692

683

659

605

501

492

445

420

392

368

325

298

231

216

216

189

154

Buildings and improvements

1,748

1,680

1,611

1,528

1,422

1,332

1,253

1,229

1,098

1,079

1,051

923

816

811

778

745

667

650

634

599

570

530

449

403

329

311

268

245

210

Tenant improvements

75

72

68

66

62

60

54

53

50

49

47

43

39

38

36

33

30

28

26

25

22

21

19

17

14

13

11

13

12

Furniture, fixtures and equipment

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Construction in progress

26

18

29

23

20

24

50

44

45

34

33

25

21

17

23

23

17

16

-

-

-

10

-

-

-

-

-

-

-

Total real estate held for investment

3,919

3,698

3,436

3,209

2,870

2,716

2,577

2,527

2,216

2,161

2,057

1,757

1,571

1,552

1,497

1,409

1,217

1,188

1,106

1,044

985

930

794

720

575

540

496

447

377

Accumulated depreciation

316

296

278

261

245

228

214

200

186

173

165

153

143

135

126

117

111

103

96

89

83

76

71

66

62

58

57

61

56

Investments in real estate, net

3,602

3,401

3,158

2,948

2,625

2,487

2,362

2,327

2,029

1,988

1,892

1,603

1,427

1,416

1,371

1,291

1,106

1,085

1,010

955

902

853

722

653

512

481

438

385

320

Cash and cash equivalents

112

78

197

172

276

180

183

162

15

6

12

13

11

15

55

29

6

5

5

9

47

8

60

9

6

8

4

24

43

Restricted cash

0

0

-

11

-

-

0

0

4

0

-

-

6

0

-

17

-

-

-

-

-

-

0

0

0

0

0

2

1

Notes receivable

-

-

-

-

-

-

-

-

-

-

0

0

6

5

5

-

-

0

-

13

13

13

13

13

13

13

13

7

11

Rents and other receivables, net

5

5

4

3

4

4

5

3

3

3

3

2

2

2

2

3

2

3

2

2

1

1

1

1

1

0

0

0

0

Deferred rent receivable, net

31

29

27

25

24

22

20

19

17

15

14

13

12

11

10

9

8

7

7

6

5

5

4

4

3

3

3

3

3

Deferred leasing costs, net

19

18

17

16

14

14

13

12

12

12

10

9

9

8

8

6

6

5

5

4

3

3

3

2

2

2

-

-

-

Deferred loan costs, net

2

0

0

1

1

1

1

1

1

1

2

2

2

0

0

1

1

1

1

1

1

2

2

3

1

1

1

1

1

Finite-Lived Intangible Assets, Net

76

73

67

61

56

55

53

57

45

49

49

41

33

36

38

37

28

30

27

28

26

28

23

22

13

13

11

7

5

Acquired above-market leases, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

0

Acquired indefinite-lived intangible

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

5

-

-

-

Interest rate swap asset

0

0

0

1

5

8

13

13

11

7

4

4

5

5

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Other assets

10

9

10

14

12

6

7

8

5

6

7

7

5

5

5

5

5

5

5

5

5

4

4

2

4

2

2

4

1

Acquisition related deposits

5

14

8

4

10

0

1

1

4

2

1

2

0

0

0

0

0

-

1

1

0

2

-

1

1

1

1

0

0

Investment in unconsolidated real estate entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4

4

4

4

4

4

4

5

5

5

5

8

11

12

Disposal Group, Including Discontinued Operation, Assets

-

-

4

-

-

-

0

0

8

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-

0

16

Total Assets

3,872

3,638

3,502

3,265

3,037

2,787

2,668

2,612

2,165

2,111

2,003

1,705

1,529

1,515

1,504

1,412

1,176

1,153

1,075

1,037

1,018

932

848

725

571

554

489

452

420

LIABILITIES & EQUITY
Liabilities
Long-term Debt

903

857

857

757

757

757

757

757

659

668

664

561

509

500

500

500

444

418

335

296

269

356

269

369

212

192

122

351

302

Interest Rate Derivative Liabilities, at Fair Value

22

8

10

8

4

2

0

0

0

0

0

1

1

2

5

7

4

3

4

2

3

1

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

39

31

34

26

33

21

30

19

21

21

22

14

18

13

18

10

14

12

13

9

11

10

9

6

6

5

4

2

2

Due to members

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

Interest rate contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Dividends Payable

25

21

21

20

19

15

15

14

13

11

11

10

10

9

9

9

7

7

7

6

6

5

5

3

3

5

-

-

-

Off-market Lease, Unfavorable

63

59

56

55

52

52

52

53

17

18

18

10

8

9

5

4

3

3

2

2

2

3

1

1

1

1

0

0

0

Tenant security deposits

30

28

27

26

24

23

21

20

19

19

19

16

15

15

14

13

11

11

10

9

9

8

7

7

6

6

4

4

3

Prepaid rents

8

8

7

6

6

6

6

6

5

6

5

5

4

3

3

3

2

2

1

2

1

1

1

0

0

1

0

0

0

Disposal Group, Including Discontinued Operation, Liabilities

-

-

0

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

13

Total Liabilities

1,093

1,016

1,015

900

899

879

883

872

737

746

741

620

567

552

558

549

489

459

376

330

304

386

295

389

231

212

133

358

324

Equity
Rexford Industrial Realty, Inc. stockholders’ equity
Common Stock, $0.01 par value per share, 489,950,000 authorized and 116,331,347 and 113,793,300 shares outstanding at March 31, 2020 and December 31, 2019, respectively

1

1

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

Additional paid in capital

2,524

2,439

2,306

2,255

2,042

1,798

1,666

1,614

1,297

1,239

1,213

1,027

912

907

898

897

723

722

722

720

719

542

538

312

312

311

308

-

-

Cumulative distributions in excess of earnings

132

118

117

107

99

88

85

76

67

67

67

56

64

59

56

50

54

48

41

34

28

21

16

-

-

5

-

-

-

Accumulated other comprehensive loss

-21

-7

-10

-7

1

6

13

12

11

6

3

3

4

3

-5

-7

-4

-3

-4

-2

-3

-1

0

-0

0

-

-

-

-

Rexford Industrial Realty, Inc. Predecessor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

11

Accumulated deficit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10

-7

-

0

-27

-24

Total stockholders’ equity

2,612

2,556

2,422

2,301

2,103

1,876

1,754

1,710

1,400

1,340

1,236

1,060

938

939

923

840

664

672

676

683

688

519

522

301

304

306

309

-

-

Predecessor equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

-12

Noncontrolling interests

165

66

64

62

33

32

30

29

27

25

24

24

23

22

22

22

21

21

22

23

25

26

30

34

35

35

46

109

108

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

2,778

2,622

2,486

2,364

2,137

1,908

1,785

1,739

1,428

1,365

1,261

1,084

962

962

945

862

686

693

698

707

713

545

552

336

339

341

355

93

96

Total Liabilities and Equity

3,872

3,638

3,502

3,265

3,037

2,787

2,668

2,612

2,165

2,111

2,003

1,705

1,529

1,515

1,504

1,412

1,176

1,153

1,075

1,037

1,018

932

848

725

571

554

489

452

420

Series A Preferred Stock [Member]
Preferred stock, $0.01 par value per share, 10,050,000 shares authorized, at March 31, 2020 and December 31, 2019

86

86

86

86

86

86

86

86

86

86

86

86

86

86

86

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock [Member]
Preferred stock, $0.01 par value per share, 10,050,000 shares authorized, at March 31, 2020 and December 31, 2019

72

72

72

72

72

72

72

72

72

73

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series C Preferred Stock [Member]
Preferred stock, $0.01 par value per share, 10,050,000 shares authorized, at March 31, 2020 and December 31, 2019

83

83

83

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-