Rexford Industrial Completes a $1.2 Billion Industrial Portfolio Sale
Rexford Industrial closed its $1.2 billion sale of a 22-property, 5.2 million square foot industrial portfolio to an affiliate of EQT Real Estate, advancing a $2.0 billion non-core portfolio realignment. The sold assets carried in-place rents 28% above current market rates, a 2.7-year weighted average remaining lease term, and an estimated 2027 cash NOI yield of roughly 5.5% that reflects expected tenant moveouts and rent roll-down. Year-to-date dispositions now total $1.5 billion, placing the company within its full-year 2026 disposition guidance range of $1.5 billion to $2.0 billion, and management reaffirmed the 2026 guidance issued with its July 23 second-quarter earnings release.
Key figures
- Deal Value Usd
- 1200000000
- Properties sold
- 22
- Ytd buybacks usd
- 505000000
- Avg property sqft
- 237000
- Q3td buybacks usd
- 205000000
- Rentable sqft sold
- 5200000
- Ytd debt repaid usd
- 492000000
- Q3td debt repaid usd
- 485000000
- Ytd dispositions usd
- 1500000000
- Q3td dispositions usd
- 86000000
- Realignment target usd
- 2000000000
- Est 2027 cash noi yield
- 5.5%
- Buyback authorization usd
- 1000000000
- Fy2026 disposition guidance
- $1.5 billion to $2.0 billion
- In place rent premium to market pct
- 28
- Est year end 2026 net debt to ebitdre
- 3.5x
- Weighted avg remaining lease term years
- 2.7
AI analysis
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