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Rexford Industrial Realty's General Counsel Lanzer David E. Sells 26,449 Shares
ByAinvest
Monday, Jul 21, 2025 7:31 pm ET1min read
Rexford Industrial Realty, Inc. has announced that General Counsel and Secretary, Lanzer David E., has recently sold 26,449 shares of the company's stock at a price of $36.87 per share on July 21, 2025.
Rexford Industrial Realty, Inc. (NYSE: REXR) has released its financial results for the second quarter of 2025, demonstrating robust performance across multiple key metrics. The company reported a net income of $113.4 million, or $0.48 per diluted share, compared to $79.8 million, or $0.37 per diluted share, for the prior year quarter. This represents a 42.1% increase in net income [1].The company's Core Funds From Operations (Core FFO) for the second quarter was $139.7 million, up 7.8% year-over-year (YoY). On a per-share basis, Core FFO decreased to $0.59 per diluted share from $0.60 per diluted share in the prior year quarter, a 1.7% decline [1].
Total Portfolio Net Operating Income (NOI) increased by 2.9% YoY to $186.3 million, while Same Property Portfolio NOI and Cash NOI also showed increases of 1.1% and 3.9%, respectively. The Same Property Portfolio occupancy rate ended the quarter at 96.1%, up 0.4% from the prior quarter [1].
Rexford Industrial executed 1.7 million rentable square feet of new and renewal leases, with comparable rental rates increasing by 20.9% on a net effective basis and by 8.1% on a cash basis. The company also signed 519,244 square feet of leases related to its repositioning and redevelopment pipeline [1].
The company sold two properties for a total sales price of $81.6 million, generating a 12.8% unlevered Internal Rate of Return (IRR). It ended the quarter with a low-leverage balance sheet, with a Net Debt to Enterprise Value ratio of 25.0% and a Net Debt to Adjusted EBITDA ratio of 4.0x. Moody's affirmed the company's Baa2 rating with a stable outlook [1].
General Counsel and Secretary, Lanzer David E., sold 26,449 shares of the company's stock on July 21, 2025, at a price of $36.87 per share [1].
References:
[1] https://www.prnewswire.com/news-releases/rexford-industrial-announces-second-quarter-2025-financial-results-302507239.html
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