Rexford Industrial Realty posts Q4 net loss on impairments

Rexford Industrial Realty

04/02/2026 21:18

Overview

REIT's Q4 net loss due to impairments and transition costs

Core FFO for Q4 rose 5.9% yr/yr

Company repurchased $100 mln in shares during Q4

Outlook

Rexford Industrial expects 2026 net income per share between $1.15 and $1.20

Company forecasts 2026 Core FFO per share between $2.35 and $2.40

Rexford Industrial plans 2026 dispositions between $400 mln and $500 mln

Result Drivers

IMPAIRMENTS AND TRANSITION COSTS - Q4 net loss driven by $89.1 mln in impairments and $60.2 mln in Co-CEO transition costs

LEASING ACTIVITY - Executed 2.1 mln sq ft of leases related to repositioning and development projects, contributing to annualized NOI

PROPERTY DISPOSITIONS - Sold seven properties for $217.5 mln, generating a weighted average unlevered IRR of 12.4%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-$0.30
Q4 Net Income
-$68.70 mln
Q4 Core FFO
$136.20 mln
Q4 Core FFO Per Share
$0.59


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Rexford Industrial Realty Inc is $45.00, about 10.9% above its February 3 closing price of $40.56

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release: ID:nPn2BSVrSa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)