Rexford Industrial Realty Q3 net income jumps 34%

Rexford Industrial Realty

15/10/2025 21:17

Overview

Rexford Industrial Realty Inc Q3 net income rises to $87.1 mln, up from $65.1 mln last year

Core FFO for Q3 increases 9% to $141.7 mln

Company repurchased 3.88 mln shares for $150 mln

Outlook

Rexford raises 2025 Core FFO per diluted share guidance to $2.39-$2.41

Company expects 2025 cash NOI growth of 3.75%-4.25%

Rexford anticipates average occupancy of +/- 96.0% for 2025

Result Drivers

LEASING ACTIVITY - Executed 3.3 mln sq ft of new and renewal leases, with rental rates increasing by 26.1% on a net effective basis

PROPERTY SALES - Sold three properties for $53.6 mln, generating a weighted average unlevered IRR of 14.3%

SHARE REPURCHASE - $150 mln share repurchase funded by strategic property dispositions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 REVENUE
$253.24 mln
Q3 EPS
$0.37
Q3 Net Income
$87.10 mln
Q3 Core FFO
$141.70 mln
Q3 Core FFO Per Share
$0.60


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 9 "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 $43.00, about 4.8% above its October 14 closing price of $40.94

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 32 three months ago

Press Release: ID:nPn7rDxrwa

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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.)