Business
Rexford Industrial Announces Fourth Quarter and Full Year 2025 Financial Results
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 throughout infill Southern California, today announced financial and operating results for the fourth quarter and full year 2025.
About this update from Rexford Industrial Realty, Inc.
[{"type":"text","content":"LOS ANGELES, Feb. 4, 2026 /PRNewswire/ -- 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 throughout infill Southern California, today announced financial and operating results for the fourth quarter and full year 2025.","length":405,"tagName":"p"},{"type":"text","content":"Full Year 2025 Financial and Operational Highlights (all comparisons to Full Year 2024)","length":87,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net income attributable to common stockholders of $200.2 million, or $0.86 per diluted share, as compared to $262.9 million, or $1.20 per diluted share.","length":152,"tagName":"p"}]},{"val":[{"type":"text","content":"Company share of Core FFO of $558.6 million, an increase of 9.2%.","length":65,"tagName":"p"}]},{"val":[{"type":"text","content":"Company share of Core FFO per diluted share of $2.40, an increase of 2.6%.","length":74,"tagName":"p"}]},{"val":[{"type":"text","content":"Total Portfolio NOI of $752.7 million, an increase of 5.7%.","length":59,"tagName":"p"}]},{"val":[{"type":"text","content":"Same Property Portfolio NOI increased 1.1% and Same Property Portfolio Cash NOI increased 4.3%.","length":95,"tagName":"p"}]},{"val":[{"type":"text","content":"Average Same Property Portfolio occupancy of 96.4%.","length":51,"tagName":"p"}]},{"val":[{"type":"text","content":"Executed 10.4 million square feet of new and renewal leases. Comparable rental rates increased by 23.4%, compared to prior rents, on a net effective basis and by 10.7% on a cash basis.","length":184,"tagName":"p"}]},{"val":[{"type":"text","content":"Executed 2.1 million square feet of leases related to the Company's repositioning and development projects.","length":111,"tagName":"p"}]},{"val":[{"type":"text","content":"Sold seven properties for a total sales price of $217.5 million, generating a weighted average unlevered IRR to the Company of 12.4%.","length":133,"tagName":"p"}]},{"val":[{"type":"text","content":"Repurchased 6,327,283 shares of common stock at a weighted average price of $39.51 per share for a total of $250.0 million.","length":123,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Debt to Enterprise Value rati...