News & Events zu Rexford Industrial Realty Inc (REXR)REXRRexford Industrial Realty Inc

Rexford Q2 Revenue $245.5M Beats Expectations

Reports Q2 revenue $245.5M, consensus $241.32M. "This quarter reflects both strong execution and a transformative step forward in advancing our strategic priorities," said Laura Clark, CEO. "The realignment of our portfolio through the planned disposition of approximately $2B of identified non-core assets will further strengthen our portfolio, enhance cash flow durability and increase financial flexibility, positioning Rexford to maximize long-term shareholder value. We are also encouraged by the continued improvement we are seeing in fundamentals across the infill Southern California industrial market, including increasing tenant demand, positive net absorption and declining vacancy-all early signs of strengthening market conditions. We are confident that our strategic actions, combined with the strength of our value creation platform, will enable Rexford to deliver outsized returns for shareholders moving forward."