Rexford Industrial Realty, Inc. (REXR) Form 8-K — Oct 22, 2026
Rexford Industrial reported Q3 2026 net income of $14.6 million ($0.07/diluted share), down sharply from $87.1 million ($0.37) a year ago, weighed down by $71.8 million of impairments tied to its disposition-driven portfolio realignment. Core FFO per share was flat at $0.60, and the company raised full-year Core FFO guidance to $2.41-$2.44. The company sold 25 properties for $1.3 billion in Q3 ($1.5 billion YTD) and repaid $485 million of debt, cutting Net Debt/Adjusted EBITDAre to 3.8x from 4.5x. It also repurchased 10.9 million shares for $408.7 million in Q3 and $708.7 million YTD, with $591.3 million still authorized.
Key figures
- Eps
- 0.07
- Revenue
- 239103000
- Guidance
- FY2026 Core FFO per diluted share raised to $2.41-$2.44 from $2.38-$2.43; net loss per share guidance widened to ($1.55)-($1.52); dispositions guidance $1.7B-$2.0B
- Net Income
- 14641000
- Total Debt
- 2786284000
- Total Assets
- 10786847000
- Cash Position
- 423590000
- Shares Outstanding
- 214864041
- Debt repaid q3
- 485000000
- Q3 impairments
- 71834000
- Q3 dispositions
- $1.3 billion (25 properties)
- Total liquidity
- $1.7 billion
- Ytd impairments
- 703412000
- Ending occupancy
- 96.9%
- Ytd dispositions
- $1.5 billion
- Q4 common dividend
- 0.435
- Share repurchases q3
- $408.7M (10.9M shares at $37.59 avg)
- Core ffo per share q3
- 0.6
- Share repurchases ytd
- $708.7M at $36.90 avg; $591.3M remaining
- Core ffo per share ytd
- 1.85
- Weighted avg interest rate
- 3.70%
- Same property noi change q3
- -2.6%
- Net debt to adjusted ebitdare
- 3.8x (from 4.5x)
- Same property cash noi change q3
- -1.1%
AI analysis
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