Rexford Industrial Realty's General Counsel Lanzer David E. Sells 26,449 Shares

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