Rexford Industrial Realty, Inc(NYSE:REXR)
Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rent...
Website: http://www.rexfordindustrial.com
Founded: 2013
Full Time Employees: 123
Sector: Real Estate
Industry: REIT-Industrial
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-07-24 | 2013-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||
rental income | 242,141,000 | 243,230,000 | 246,757,000 | 241,568,000 | 248,821,000 | 239,737,000 | 238,396,000 | 232,973,000 | 210,990,000 | 207,909,000 | 204,212,000 | 194,098,000 | 185,164,000 | 178,422,000 | 162,581,000 | 148,987,000 | 140,588,000 | 132,593,000 | 115,260,000 | 104,236,000 | 99,644,000 | 88,495,000 | 83,622,000 | 79,770,000 | 77,490,000 | 74,015,000 | 67,020,000 | 63,613,000 | 59,604,000 | 47,429,000 | 45,661,000 | 43,567,000 | 40,911,000 | 38,691,000 | 36,748,000 | 31,132,000 | 29,614,000 | 29,691,000 | 28,285,000 | 26,119,000 | 23,499,000 | 14,612,250 | 20,617,000 | 19,275,000 | |||||||||
management and leasing services | 197,000 | 118,000 | 132,000 | 142,000 | 167,000 | 156,000 | 156,000 | 132,000 | 163,000 | 158,000 | 171,000 | 190,000 | 160,000 | 163,000 | 130,000 | 163,000 | |||||||||||||||||||||||||||||||||||||
interest income | 2,937,000 | 4,670,000 | 6,367,000 | 7,807,000 | 3,324,000 | 2,991,000 | 3,291,000 | 4,444,000 | 2,974,000 | 2,353,000 | 1,029,000 | 1,497,000 | 882,000 | 5,000 | 3,000 | 1,000 | 1,000 | 1,000 | 7,000 | 15,000 | 14,000 | 59,000 | 116,000 | 66,000 | 97,000 | 279,000 | 951,000 | 668,000 | 657,000 | 769,000 | 609,000 | 218,000 | 227,000 | 231,000 | 228,000 | 153,000 | 280,000 | 277,000 | 282,000 | 281,000 | 278,000 | 276,000 | -801,000 | 191,000 | 324,000 | ||||||||
total revenues | 245,078,000 | 248,097,000 | 253,242,000 | 249,507,000 | 252,287,000 | 242,895,000 | 241,843,000 | 237,573,000 | 214,096,000 | 210,425,000 | 205,399,000 | 195,766,000 | 186,236,000 | 178,587,000 | 162,747,000 | 149,118,000 | 140,752,000 | 132,712,000 | 115,403,000 | 104,360,000 | 99,763,000 | 88,649,000 | 83,856,000 | 79,950,000 | 77,680,000 | 74,399,000 | 68,061,000 | 64,390,000 | 60,363,000 | 57,008,000 | 55,194,000 | 51,756,000 | 48,536,000 | 45,880,000 | 43,339,000 | 36,782,000 | 35,354,000 | 34,777,000 | 33,303,000 | 30,608,000 | 27,504,000 | 26,164,000 | 23,674,000 | 22,722,000 | 21,340,000 | 19,858,000 | 18,036,000 | 14,996,000 | 13,691,000 | -2,828,000 | 9,173,000 | 10,822,000 | |
yoy | -2.86% | 2.14% | 4.71% | 5.02% | 17.84% | 15.43% | 17.74% | 21.36% | 14.96% | 17.83% | 26.21% | 31.28% | 32.31% | 34.57% | 41.02% | 42.89% | 41.09% | 49.71% | 37.62% | 30.53% | 28.43% | 19.15% | 23.21% | 24.17% | 28.69% | 30.51% | 23.31% | 24.41% | 24.37% | 24.25% | 27.35% | 40.71% | 37.29% | 31.93% | 30.14% | 20.17% | 28.54% | 32.92% | 40.67% | 34.71% | 28.88% | 31.76% | 31.26% | 51.52% | 55.87% | -802.19% | 96.62% | 26.51% | |||||
qoq | -1.22% | -2.03% | 1.50% | -1.10% | 3.87% | 0.43% | 1.80% | 10.97% | 1.74% | 2.45% | 4.92% | 5.12% | 4.28% | 9.73% | 9.14% | 5.94% | 6.06% | 15.00% | 10.58% | 4.61% | 12.54% | 5.72% | 4.89% | 2.92% | 4.41% | 9.31% | 5.70% | 6.67% | 5.89% | 3.29% | 6.64% | 6.63% | 5.79% | 5.86% | 17.83% | 4.04% | 1.66% | 4.43% | 8.80% | 11.29% | 5.12% | 10.52% | 4.19% | 6.48% | 7.46% | 10.10% | 20.27% | 9.53% | -584.12% | -130.83% | |||
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||
property expenses | 56,763,000 | 59,287,000 | 57,879,000 | 55,298,000 | 55,261,000 | 56,006,000 | 54,867,000 | 51,905,000 | 47,482,000 | 49,259,000 | 48,085,000 | 44,310,000 | 42,825,000 | 42,055,000 | 39,614,000 | 35,405,000 | 33,429,000 | 32,090,000 | 27,501,000 | 24,555,000 | 23,575,000 | 22,034,000 | 20,684,000 | 18,884,000 | 18,114,000 | 18,156,000 | 16,165,000 | 15,139,000 | 13,812,000 | 13,642,000 | 13,294,000 | 12,775,000 | 11,960,000 | 12,152,000 | 11,229,000 | 9,536,000 | 9,222,000 | 9,139,000 | 8,978,000 | 7,959,000 | 7,543,000 | 7,118,000 | 6,237,000 | 5,874,000 | 5,771,000 | 5,477,000 | 4,879,000 | 3,892,000 | 4,134,000 | -1,004,000 | 2,060,000 | 2,442,000 | |
general and administrative | 14,925,000 | 19,199,000 | 20,037,000 | 19,752,000 | 19,868,000 | 21,940,000 | 20,926,000 | 19,307,000 | 19,980,000 | 19,988,000 | 18,575,000 | 18,267,000 | 18,197,000 | 19,733,000 | 14,951,000 | 14,863,000 | 14,717,000 | 15,009,000 | 11,806,000 | 10,695,000 | 11,480,000 | 9,042,000 | 9,464,000 | 8,972,000 | 9,317,000 | 8,215,000 | 7,440,000 | 7,301,000 | 7,344,000 | 6,297,000 | 6,229,000 | 6,506,000 | 6,162,000 | 5,558,000 | 5,843,000 | 5,123,000 | 5,086,000 | 4,225,000 | 5,067,000 | 4,521,000 | 3,602,000 | 3,952,000 | 3,778,000 | 3,740,000 | 3,546,000 | 3,486,000 | 3,273,000 | 2,780,000 | 2,605,000 | 1,443,000 | 2,500,000 | 1,396,000 | |
depreciation and amortization | 72,933,000 | 76,819,000 | 81,172,000 | 71,188,000 | 86,740,000 | 71,832,000 | 69,241,000 | 67,896,000 | 66,278,000 | 65,839,000 | 60,449,000 | 58,793,000 | 59,429,000 | 56,568,000 | 51,146,000 | 46,609,000 | 42,471,000 | 41,221,000 | 38,676,000 | 36,228,000 | 35,144,000 | 30,554,000 | 28,811,000 | 28,381,000 | 27,523,000 | 26,877,000 | 25,496,000 | 24,522,000 | 21,996,000 | 20,671,000 | 20,144,000 | 19,775,000 | 19,452,000 | 18,767,000 | 17,971,000 | 14,515,000 | 13,599,000 | 14,242,000 | 13,341,000 | 12,610,000 | 11,214,000 | 10,821,000 | 10,642,000 | 10,490,000 | 9,884,000 | 8,443,000 | 8,032,000 | 6,003,000 | 6,130,000 | -554,000 | 3,062,000 | 3,564,000 | |
total operating expenses | 144,621,000 | 155,305,000 | 159,088,000 | 146,238,000 | 161,869,000 | 149,778,000 | 145,034,000 | 139,108,000 | 133,740,000 | 135,086,000 | 127,109,000 | 121,370,000 | 120,451,000 | 118,356,000 | 105,711,000 | 96,877,000 | 90,617,000 | 88,320,000 | 77,983,000 | 71,478,000 | 70,199,000 | 61,630,000 | 58,959,000 | 56,237,000 | 54,954,000 | 53,248,000 | 49,101,000 | 46,962,000 | 43,152,000 | 40,610,000 | 39,667,000 | 39,056,000 | 37,574,000 | 36,477,000 | 35,043,000 | 29,174,000 | 27,907,000 | 27,606,000 | 27,386,000 | 25,090,000 | 22,359,000 | 21,891,000 | 20,657,000 | 20,104,000 | 19,201,000 | 17,406,000 | 16,184,000 | 12,675,000 | 12,869,000 | 107,000 | 8,125,000 | 7,846,000 | |
other (expenses) income | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 1,350,000 | 234,000 | 300,000 | 117,000 | 229,000 | 319,000 | 203,000 | 115,000 | 232,000 | 179,000 | 192,000 | 259,000 | 313,000 | 320,000 | 341,000 | 162,000 | 190,000 | 234,000 | 16,000 | 15,000 | 42,000 | 15,000 | 40,000 | 49,000 | |||||||||||||||||||||||||||||
other expenses | -102,000 | 65,910,000 | 4,218,000 | 244,000 | 2,239,000 | 34,000 | 492,000 | 304,000 | 1,408,000 | 316,000 | 551,000 | 306,000 | 647,000 | 815,000 | 413,000 | 295,000 | 38,000 | ||||||||||||||||||||||||||||||||||||
interest expense | -26,600,000 | 25,451,000 | 25,463,000 | 26,701,000 | 27,288,000 | 28,173,000 | 27,340,000 | 28,412,000 | 14,671,000 | 14,570,000 | 15,949,000 | 17,180,000 | 13,701,000 | 13,670,000 | 14,975,000 | 10,168,000 | 9,683,000 | 10,367,000 | 10,427,000 | 9,593,000 | 9,752,000 | 8,673,000 | 7,299,000 | 7,428,000 | 7,449,000 | 7,364,000 | 6,785,000 | 6,255,000 | 6,471,000 | 6,656,000 | 6,456,000 | 6,452,000 | 5,852,000 | 5,638,000 | 6,271,000 | 4,302,000 | 3,998,000 | 4,074,000 | 3,804,000 | 3,716,000 | 3,254,000 | 2,724,000 | 2,245,000 | 1,658,000 | 1,826,000 | 1,655,000 | 1,957,000 | 1,537,000 | 1,251,000 | -11,168,000 | 717,000 | 4,467,000 | |
impairment of real estate | -6,824,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of real estate | 26,281,000 | 19,931,000 | 28,583,000 | 44,361,000 | 13,157,000 | 1,745,000 | 16,268,000 | 6,868,000 | 12,133,000 | 8,486,000 | 6,828,000 | 13,702,000 | 2,750,000 | 10,860,000 | 3,417,250 | 13,669,000 | 1,426,250 | 895,000 | 4,810,000 | 2,897,750 | 1,608,000 | 9,983,000 | 4,809,250 | 16,569,000 | 2,668,000 | 2,890,750 | 11,563,000 | ||||||||||||||||||||||||||
total other expenses | -5,895,000 | 6,822,000 | 6,562,000 | 6,489,000 | 5,861,000 | 5,671,000 | 6,287,000 | 4,322,000 | 4,383,000 | 3,066,000 | 4,184,000 | 4,351,000 | |||||||||||||||||||||||||||||||||||||||||
net income | 94,562,000 | -67,735,000 | 93,056,000 | 120,394,000 | 74,048,000 | 64,910,000 | 70,722,000 | 86,017,000 | 64,277,000 | 67,321,000 | 61,790,000 | 56,910,000 | 63,570,000 | 45,708,000 | 41,648,000 | 40,901,000 | 48,900,000 | 39,380,000 | 40,186,000 | 26,037,000 | 30,643,000 | 18,155,000 | 31,197,000 | 16,271,000 | 15,272,000 | 24,382,000 | 12,948,000 | 15,954,000 | 10,717,000 | 15,207,000 | 8,965,000 | 7,819,000 | 15,084,000 | 14,115,000 | 2,009,000 | 19,855,000 | 5,721,000 | 8,546,000 | 3,061,000 | 12,792,000 | 1,477,000 | 1,056,000 | 617,000 | 196,000 | 81,000 | 145,000 | -679,000 | 81,000 | 1,429,000 | 6,564,000 | 295,000 | -468,000 | |
yoy | 27.70% | -204.35% | 31.58% | 39.97% | 15.20% | -3.58% | 14.46% | 51.15% | 1.11% | 47.28% | 48.36% | 39.14% | 30.00% | 16.07% | 3.64% | 57.09% | 59.58% | 116.91% | 28.81% | 60.02% | 100.65% | -25.54% | 140.94% | 1.99% | 42.50% | 60.33% | 44.43% | 104.04% | -28.95% | 7.74% | 346.24% | -60.62% | 163.66% | 65.16% | -34.37% | 55.21% | 287.34% | 709.28% | 396.11% | 6426.53% | 1723.46% | 628.28% | -190.87% | 141.98% | -94.33% | -97.79% | -330.17% | -405.34% | |||||
qoq | -239.61% | -172.79% | -22.71% | 62.59% | 14.08% | -8.22% | -17.78% | 33.82% | -4.52% | 8.95% | 8.57% | -10.48% | 39.08% | 9.75% | 1.83% | -16.36% | 24.17% | -2.01% | 54.34% | -15.03% | 68.79% | -41.81% | 91.73% | 6.54% | -37.36% | 88.31% | -18.84% | 48.87% | -29.53% | 69.63% | 14.66% | -48.16% | 6.87% | 602.59% | -89.88% | 247.05% | -33.06% | 179.19% | -76.07% | 766.08% | 39.87% | 71.15% | 214.80% | 141.98% | -44.14% | -121.35% | -938.27% | -94.33% | -78.23% | 2125.08% | |||
net income margin % | 38.58% | -27.30% | 36.75% | 48.25% | 29.35% | 26.72% | 29.24% | 36.21% | 30.02% | 31.99% | 30.08% | 29.07% | 34.13% | 25.59% | 25.59% | 27.43% | 34.74% | 29.67% | 34.82% | 24.95% | 30.72% | 20.48% | 37.20% | 20.35% | 19.66% | 32.77% | 19.02% | 24.78% | 17.75% | 26.68% | 16.24% | 15.11% | 31.08% | 30.77% | 4.64% | 53.98% | 16.18% | 24.57% | 9.19% | 41.79% | 5.37% | 4.04% | 2.61% | 0.86% | 0.38% | 0.73% | -3.76% | 0.54% | 10.44% | -232.11% | 3.22% | NaN% | -4.32% |
less: net income attributable to noncontrolling interests | -3,375,000 | 2,312,000 | -3,137,000 | -4,060,000 | -2,849,000 | -2,725,000 | -2,952,000 | -3,541,000 | -2,906,000 | -2,970,000 | -2,824,000 | -2,717,000 | -3,064,000 | -2,431,000 | -2,368,000 | -2,290,000 | -2,484,000 | -2,153,000 | -2,173,000 | -1,710,000 | -1,969,000 | -1,160,000 | -1,531,000 | -1,084,000 | -717,000 | -734,000 | -518,000 | -569,000 | |||||||||||||||||||||||||
net income attributable to rexford industrial realty, inc. | 91,187,000 | -65,423,000 | 89,919,000 | 116,334,000 | 71,199,000 | 62,185,000 | 67,770,000 | 82,476,000 | 61,371,000 | 64,351,000 | 58,966,000 | 54,193,000 | 60,506,000 | 43,277,000 | 39,280,000 | 38,611,000 | 46,416,000 | 37,227,000 | 38,013,000 | 24,327,000 | 28,674,000 | 16,995,000 | 29,666,000 | 15,187,000 | 14,555,000 | 23,648,000 | 12,430,000 | 15,385,000 | 10,516,000 | 14,930,000 | 8,824,000 | 7,690,000 | 14,766,000 | 13,811,000 | 1,988,000 | 19,324,000 | 5,589,000 | 8,329,000 | 2,998,000 | 12,374,000 | 1,425,000 | ||||||||||||
less: preferred stock dividends | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,314,000 | -2,976,000 | -3,637,000 | -3,636,000 | -3,636,000 | -3,636,000 | -3,637,000 | -3,636,000 | -3,636,000 | -2,572,000 | -2,424,000 | -2,423,000 | -2,424,000 | -2,423,000 | -2,424,000 | -2,423,000 | -1,909,000 | -1,322,000 | -1,322,000 | -1,322,000 | -1,322,000 | -661,000 | ||||||||||||||
less: earnings allocated to participating securities | -1,008,000 | -952,000 | -519,000 | -592,000 | -539,000 | -457,000 | -395,000 | -409,000 | -418,000 | -357,000 | -314,000 | -318,000 | -320,000 | -240,000 | -201,000 | -203,000 | -201,000 | -145,000 | -143,000 | -139,000 | -141,000 | -120,000 | -129,000 | -129,000 | -131,000 | -108,000 | -112,000 | -113,000 | -114,000 | -93,000 | -94,000 | -94,000 | -97,000 | -83,000 | -80,000 | -156,000 | -91,000 | -79,000 | -70,000 | -75,000 | -78,000 | ||||||||||||
net income attributable to common stockholders | 87,865,000 | -68,690,000 | 87,086,000 | 113,427,000 | 68,346,000 | 59,413,000 | 65,061,000 | 79,752,000 | 58,639,000 | 61,679,000 | 56,338,000 | 51,560,000 | 57,872,000 | 40,722,000 | 36,765,000 | 36,093,000 | 43,901,000 | 34,768,000 | 31,545,000 | 20,551,000 | 24,897,000 | 13,239,000 | 25,901,000 | 11,421,000 | 10,788,000 | 19,904,000 | 9,746,000 | 12,848,000 | 7,979,000 | 12,413,000 | 6,307,000 | 5,172,000 | 12,246,000 | 11,819,000 | 586,000 | 17,846,000 | 4,176,000 | 6,928,000 | 2,267,000 | 12,299,000 | 1,347,000 | -840,750 | 256,000 | ||||||||||
net income attributable to common stockholders per share - basic and diluted | 0.38 | 0.15 | 0.01 | 0.26 | 0.06 | ||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding - basic and diluted | 228,312,419 | 54,024,923 | 55,145,963 | 54,963,093 | 50,683,528 | 31,953,506 | 33,527,183 | 25,419,757 | 25,419,418 | ||||||||||||||||||||||||||||||||||||||||||||
total expenses | 246,666,000 | 188,769,000 | 173,183,000 | 191,396,000 | 177,985,000 | 172,866,000 | 167,824,000 | 149,819,000 | 149,972,000 | 143,609,000 | 138,856,000 | 134,799,000 | 132,841,000 | 121,099,000 | 107,340,000 | 100,338,000 | 99,949,000 | 88,414,000 | 81,073,000 | 79,980,000 | 70,338,000 | 66,328,000 | 63,679,000 | 62,408,000 | 60,609,000 | 56,008,000 | 53,246,000 | 49,646,000 | 47,432,000 | 46,229,000 | 45,545,000 | 43,435,000 | 42,148,000 | 41,330,000 | 33,496,000 | 32,290,000 | 32,045,000 | 31,570,000 | 29,441,000 | 26,088,000 | 25,143,000 | 23,430,000 | 22,609,000 | 21,260,000 | 19,688,000 | 18,567,000 | 14,864,000 | 14,453,000 | -8,931,000 | 8,961,000 | 12,937,000 | ||
debt extinguishment and modification expenses | -291,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders per share - basic | -0.3 | 0.37 | 0.48 | 0.3 | 0.26 | 0.3 | 0.37 | 0.27 | 0.29 | 0.27 | 0.26 | 0.3 | 0.22 | 0.21 | 0.22 | 0.27 | 0.23 | 0.23 | 0.15 | 0.19 | 0.11 | 0.21 | 0.1 | 0.09 | 0.18 | 0.09 | 0.12 | 0.08 | 0.14 | 0.07 | 0.06 | 0.16 | 0.01 | ||||||||||||||||||||
net income attributable to common stockholders per share - diluted | -0.3 | 0.37 | 0.48 | 0.3 | 0.26 | 0.3 | 0.37 | 0.27 | 0.29 | 0.27 | 0.26 | 0.3 | 0.22 | 0.21 | 0.22 | 0.27 | 0.23 | 0.23 | 0.15 | 0.19 | 0.11 | 0.21 | 0.1 | 0.09 | 0.18 | 0.09 | 0.12 | 0.08 | 0.13 | 0.07 | 0.06 | 0.15 | 0.01 | ||||||||||||||||||||
weighted-average shares of common stock outstanding - basic | 232,477,754 | 234,586,980 | 236,098,831 | 227,395,984 | 218,279,597 | 218,759,979 | 217,388,908 | 214,401,661 | 202,883,704 | 205,279,681 | 200,610,890 | 195,366,969 | 170,467,365 | 171,908,895 | 164,895,701 | 160,628,843 | 139,294,882 | 138,762,384 | 134,312,672 | 131,612,881 | 120,873,624 | 123,548,978 | 119,810,283 | 114,054,434 | 106,407,283 | 109,645,216 | 105,847,557 | 98,342,677 | 86,824,235 | 91,463,594 | 82,924,208 | 78,694,161 | 71,198,862 | 72,621,219 | 67,920,773 | 66,341,138 | 62,723,021 | 65,707,476 | 64,063,337 | 55,269,598 | |||||||||||||
weighted-average shares of common stock outstanding - diluted | 232,550,968 | 234,586,980 | 236,098,831 | 227,395,984 | 218,466,954 | 219,133,037 | 217,388,908 | 214,437,913 | 203,110,993 | 205,447,532 | 200,667,250 | 195,779,007 | 170,978,272 | 172,831,173 | 165,200,577 | 161,048,592 | 140,075,689 | 139,630,475 | 134,819,742 | 131,758,744 | 121,178,310 | 123,843,977 | 120,068,176 | 114,314,331 | 106,799,048 | 110,074,074 | 106,236,309 | 98,607,786 | 87,335,749 | 91,945,206 | 83,494,825 | 79,196,060 | 71,598,654 | 73,068,081 | 68,331,234 | 66,626,239 | 62,965,554 | 67,985,177 | 64,304,713 | 55,416,947 | |||||||||||||
loss on extinguishment of debt | -38,000 | -877,000 | -505,000 | -5,500 | -22,000 | -253,000 | |||||||||||||||||||||||||||||||||||||||||||||||
less: original issuance costs of redeemed preferred stock | -3,349,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
management, leasing and development services | 118,000 | 136,000 | 109,000 | 105,000 | 95,000 | 118,000 | 114,000 | 93,000 | 105,000 | 90,000 | 109,000 | 102,000 | 114,000 | 116,000 | 140,000 | 103,000 | 113,000 | 109,000 | 145,000 | 126,000 | 97,000 | 131,000 | 111,000 | 134,000 | 105,000 | 186,000 | 161,000 | 132,000 | 206,000 | 171,000 | 249,000 | 234,000 | 190,000 | 281,000 | 170,000 | ||||||||||||||||||
acquisition expenses | 8,750 | 4,000 | 2,000 | 29,000 | 35,000 | 70,000 | 14,000 | 5,000 | -3,000 | 122,000 | 29,000 | 23,000 | 166,000 | 106,000 | 37,000 | 9,000 | 33,000 | 16,000 | 20,000 | 385,000 | 365,000 | 380,000 | 635,000 | 475,000 | 528,000 | 528,000 | 847,000 | 233,000 | 627,000 | 426,000 | 652,000 | 333,000 | 295,000 | 119,000 | 624,000 | ||||||||||||||||||
less: net income attributable to noncontrolling interest | -201,000 | -277,000 | -141,000 | -129,000 | -318,000 | -304,000 | -21,000 | -531,000 | -132,000 | -217,000 | -63,000 | -418,000 | -52,000 | ||||||||||||||||||||||||||||||||||||||||
rental revenues | 18,557,000 | 16,719,000 | 15,516,000 | 12,773,000 | 11,628,000 | -2,209,000 | 7,798,000 | 9,152,000 | |||||||||||||||||||||||||||||||||||||||||||||
tenant reimbursements | 8,462,000 | 8,508,000 | 7,932,000 | 7,293,000 | 6,757,000 | 6,279,000 | 5,172,000 | 5,155,000 | 4,579,000 | 4,467,000 | 4,119,000 | 3,558,000 | 3,074,000 | 2,377,000 | 2,844,000 | 2,184,000 | 2,417,000 | 2,052,000 | 1,681,000 | 1,511,000 | -23,000 | 863,000 | 1,127,000 | ||||||||||||||||||||||||||||||
total rental revenues | 56,125,000 | 54,469,000 | 51,616,000 | 48,433,000 | 45,767,000 | 43,230,000 | 36,419,000 | 35,001,000 | 34,449,000 | 32,944,000 | 30,497,000 | 27,370,000 | 26,059,000 | 23,335,000 | 22,442,000 | 21,063,000 | 19,576,000 | 17,755,000 | 14,718,000 | 13,415,000 | -2,027,000 | 8,982,000 | 10,498,000 | ||||||||||||||||||||||||||||||
equity in income from unconsolidated real estate entities | 11,000 | 1,328,000 | 62,000 | 61,000 | 35,000 | 45,000 | 12,000 | 1,000 | -25,000 | 2,000 | 45,000 | 26,000 | 83,000 | -712,000 | |||||||||||||||||||||||||||||||||||||||
dividends declared per common share | 0.12 | 0.16 | 0.16 | 0.16 | 0.109 | 0.145 | 0.145 | 0.145 | 0.101 | 0.135 | 0.135 | 0.135 | 0.094 | 0.135 | 0.12 | 0.12 | 0.09 | 0.12 | 0.12 | 0.12 | |||||||||||||||||||||||||||||||||
gain from early repayment of note receivable | 581,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders per share - basic and diluted | 0.065 | 0.03 | 0.19 | 0.02 | 0.02 | 0.01 | -0.02 | 0.05 | |||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | 71,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expense | 3,729,000 | 3,252,000 | 2,773,000 | 2,505,000 | 2,059,000 | 2,282,000 | 2,383,000 | 2,189,000 | 1,584,000 | -9,038,000 | 836,000 | ||||||||||||||||||||||||||||||||||||||||||
loss on sale of real estate | -150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | 1,056,000 | 617,000 | 196,000 | 81,000 | 145,000 | -679,000 | 81,000 | -717,000 | 6,129,000 | 295,000 | -2,827,000 | ||||||||||||||||||||||||||||||||||||||||||
discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations before gain on sale of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate | 2,125,000 | 2,580,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 2,146,000 | 435,000 | 2,359,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
rexford industrial realty, inc. common stockholders | 176,500 | 540,000 | 139,000 | 27,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | 9,000 | 24,000 | 8,000 | 4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
participating securities | 38,000 | 53,000 | 49,000 | 50,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations available to common stockholders per share - basic and diluted | 0.02 | 0.01 | -0.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gain on mark-to-market of interest rate swaps | -458,750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations before gain on sale of real estate and loss on extinguishment of debt | 21,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interests | -20,000 | 80,000 | -8,000 | -3,826,000 | -39,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to rexford industrial realty, inc. stockholders and participating securities | 187,750 | -599,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss from unconsolidated real estate entities | -51,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to rexford industrial realty, inc. stockholders | 73,000 | 1,277,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | -152,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations available to common stockholders per share - basic and diluted | -0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other property expenses | 222,000 | 503,000 | 444,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations before gains on sale of real estate | -34,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of long-lived assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | 5,091,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations before gains on sale of real estate | -180,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net (income) loss attributable to noncontrolling interests | -1,818,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to rexford industrial realty, inc. predecessor | -2,286,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||
land | 7,562,694,000 | 7,689,921,000 | 7,774,737,000 | 7,787,021,000 | 7,797,744,000 | 7,822,290,000 | 7,703,232,000 | 7,650,740,000 | 7,568,720,000 | 6,815,622,000 | 6,606,022,000 | 6,400,698,000 | 6,334,926,000 | 5,841,195,000 | 5,559,795,000 | 4,896,343,000 | 4,466,240,000 | 4,143,021,000 | 3,714,038,000 | 2,942,639,000 | 2,769,614,000 | 2,636,816,000 | 2,163,518,000 | 2,128,243,000 | 2,068,460,000 | 1,927,098,000 | 1,728,490,000 | 1,590,321,000 | 1,364,738,000 | 1,298,957,000 | 1,218,386,000 | 1,199,633,000 | 1,020,652,000 | 997,588,000 | 925,360,000 | 763,622,000 | 692,731,000 | 683,919,000 | 659,641,000 | 605,694,000 | 501,972,000 | 492,704,000 | 445,454,000 | 420,349,000 | 392,594,000 | 368,033,000 | 325,284,000 | 298,705,000 | 231,733,000 | 219,301,000 | 216,519,000 | 189,131,000 |
buildings and improvements | 4,821,492,000 | 4,677,318,000 | 4,607,202,000 | 4,594,494,000 | 4,573,881,000 | 4,611,987,000 | 4,416,032,000 | 4,330,709,000 | 4,260,512,000 | 3,933,379,000 | 3,869,303,000 | 3,723,837,000 | 3,671,384,000 | 3,370,494,000 | 3,275,572,000 | 2,923,571,000 | 2,737,575,000 | 2,588,836,000 | 2,466,435,000 | 2,339,640,000 | 2,244,948,000 | 2,201,187,000 | 1,791,668,000 | 1,770,930,000 | 1,748,675,000 | 1,680,178,000 | 1,611,060,000 | 1,528,750,000 | 1,422,684,000 | 1,332,438,000 | 1,253,935,000 | 1,229,100,000 | 1,098,695,000 | 1,079,746,000 | 1,051,037,000 | 923,760,000 | 816,912,000 | 811,614,000 | 778,066,000 | 745,968,000 | 667,675,000 | 650,075,000 | 634,606,000 | 599,359,000 | 570,688,000 | 540,837,000 | 449,566,000 | 403,639,000 | 329,221,000 | 314,064,000 | 268,240,000 | 245,207,000 |
tenant improvements | 205,656,000 | 198,161,000 | 194,405,000 | 186,429,000 | 181,632,000 | 188,217,000 | 181,785,000 | 178,832,000 | 172,707,000 | 167,251,000 | 160,108,000 | 155,182,000 | 153,019,000 | 147,632,000 | 141,413,000 | 136,905,000 | 131,169,000 | 127,708,000 | 124,156,000 | 93,221,000 | 86,245,000 | 84,462,000 | 80,541,000 | 77,211,000 | 75,341,000 | 72,179,000 | 68,124,000 | 66,665,000 | 62,908,000 | 60,024,000 | 54,808,000 | 53,531,000 | 50,998,000 | 49,692,000 | 47,663,000 | 43,717,000 | 39,595,000 | 38,644,000 | 36,687,000 | 33,873,000 | 30,305,000 | 28,977,000 | 26,539,000 | 25,008,000 | 22,417,000 | 21,404,000 | 19,186,000 | 17,834,000 | 14,087,000 | 13,267,000 | 11,726,000 | 13,005,000 |
furniture, fixtures and equipment | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 141,000 | 141,000 | 141,000 | 141,000 | 149,000 | 151,000 | 151,000 | 151,000 | 167,000 | 167,000 | 167,000 | ||||||||||||||||||||||||
construction in progress | 327,029,000 | 451,109,000 | 475,072,000 | 431,807,000 | 386,719,000 | 333,690,000 | 370,431,000 | 343,275,000 | 258,413,000 | 240,010,000 | 188,079,000 | 127,416,000 | 102,633,000 | 110,934,000 | 88,545,000 | 90,192,000 | 71,147,000 | 71,375,000 | 50,823,000 | 33,250,000 | 35,083,000 | 25,358,000 | 41,941,000 | 39,860,000 | 26,791,000 | 18,794,000 | 29,094,000 | 23,576,000 | 20,331,000 | 24,515,000 | 50,367,000 | 44,631,000 | 45,688,000 | 34,772,000 | 33,158,000 | 25,792,000 | 21,792,000 | 17,778,000 | 23,300,000 | 23,714,000 | 17,662,000 | 16,822,000 | ||||||||||
total real estate held for investment | 12,917,003,000 | 13,016,641,000 | 13,051,548,000 | 12,999,883,000 | 12,940,108,000 | 12,956,316,000 | 12,671,612,000 | 12,503,688,000 | 12,260,484,000 | 11,156,394,000 | 10,823,644,000 | 10,407,265,000 | 10,262,094,000 | 9,470,387,000 | 9,065,457,000 | 8,047,143,000 | 7,406,263,000 | 6,931,072,000 | 6,355,584,000 | 5,408,882,000 | 5,136,022,000 | 4,947,955,000 | 4,077,800,000 | 4,016,385,000 | 3,919,408,000 | 3,698,390,000 | 3,436,909,000 | 3,209,453,000 | 2,870,810,000 | 2,716,083,000 | 2,577,647,000 | 2,527,046,000 | 2,216,184,000 | 2,161,965,000 | 2,057,385,000 | 1,757,058,000 | 1,571,197,000 | 1,552,129,000 | 1,497,869,000 | 1,409,424,000 | 1,217,802,000 | 1,188,766,000 | 1,106,787,000 | 1,044,904,000 | 985,887,000 | 930,462,000 | 794,224,000 | 720,366,000 | 575,229,000 | 546,820,000 | 496,673,000 | 447,531,000 |
accumulated depreciation | -1,219,932,000 | -1,165,792,000 | -1,119,746,000 | -1,070,684,000 | -1,021,151,000 | -977,133,000 | -925,373,000 | -874,413,000 | -827,576,000 | -782,461,000 | -739,369,000 | -695,129,000 | -652,722,000 | -614,332,000 | -576,004,000 | -538,711,000 | -505,196,000 | -473,382,000 | -452,019,000 | -427,387,000 | -401,122,000 | -375,423,000 | -354,203,000 | -337,938,000 | -316,812,000 | -296,777,000 | -278,726,000 | -261,231,000 | -245,033,000 | -228,742,000 | -214,680,000 | -200,006,000 | -186,234,000 | -173,541,000 | -165,385,000 | -153,163,000 | -143,199,000 | -135,140,000 | -126,601,000 | -117,590,000 | -111,167,000 | -103,623,000 | -96,403,000 | -89,539,000 | -83,140,000 | -76,884,000 | -71,535,000 | -66,572,000 | -62,656,000 | -58,978,000 | -57,912,000 | -61,840,000 |
investments in real estate | 11,697,071,000 | 11,850,849,000 | 11,931,802,000 | 11,929,199,000 | 11,918,957,000 | 11,979,183,000 | 11,746,239,000 | 11,629,275,000 | 11,432,908,000 | 10,373,933,000 | 10,084,275,000 | 9,712,136,000 | 9,609,372,000 | 8,856,055,000 | 8,489,453,000 | 7,508,432,000 | 6,901,067,000 | 6,457,690,000 | 5,903,565,000 | 4,981,495,000 | 4,734,900,000 | 4,572,532,000 | 3,723,597,000 | 3,678,447,000 | 3,602,596,000 | 3,401,613,000 | 3,158,183,000 | 2,948,222,000 | 2,625,777,000 | 2,487,341,000 | 2,362,967,000 | 2,327,040,000 | 2,029,950,000 | 1,988,424,000 | 1,892,000,000 | 1,603,895,000 | 1,427,998,000 | 1,416,989,000 | 1,371,268,000 | 1,291,834,000 | 1,106,635,000 | 1,085,143,000 | 1,010,384,000 | 955,365,000 | 902,747,000 | 853,578,000 | 722,689,000 | 653,794,000 | 512,573,000 | 487,842,000 | 438,761,000 | 385,691,000 |
cash and cash equivalents | 51,714,000 | 165,778,000 | 248,956,000 | 431,117,000 | 504,579,000 | 55,971,000 | 61,836,000 | 125,710,000 | 336,960,000 | 33,444,000 | 83,268,000 | 136,282,000 | 253,618,000 | 36,786,000 | 37,141,000 | 34,317,000 | 48,844,000 | 43,987,000 | 60,154,000 | 64,219,000 | 123,933,000 | 176,293,000 | 243,619,000 | 254,373,000 | 112,432,000 | 78,857,000 | 197,508,000 | 172,209,000 | 276,575,000 | 180,601,000 | 183,904,000 | 162,704,000 | 15,625,000 | 6,620,000 | 12,918,000 | 13,118,000 | 11,676,000 | 15,525,000 | 55,263,000 | 29,177,000 | 6,402,000 | 5,201,000 | 5,083,000 | 9,988,000 | 47,541,000 | 8,606,000 | 60,541,000 | 9,272,000 | 6,344,000 | 8,997,000 | 4,399,000 | 24,951,000 |
loan receivable | 123,819,000 | 123,704,000 | 123,589,000 | 123,474,000 | 123,359,000 | 123,244,000 | 123,129,000 | 123,014,000 | 122,899,000 | 122,784,000 | ||||||||||||||||||||||||||||||||||||||||||
rents and other receivables | 11,962,000 | 13,958,000 | 15,727,000 | 12,861,000 | 17,622,000 | 15,772,000 | 17,315,000 | 17,685,000 | 17,896,000 | 17,494,000 | 18,973,000 | 14,126,000 | 13,845,000 | 15,227,000 | 12,592,000 | 10,382,000 | 11,130,000 | 11,027,000 | 9,863,000 | 8,228,000 | 7,737,000 | 10,208,000 | 5,838,000 | 4,790,000 | 5,859,000 | 5,889,000 | 4,376,000 | 3,614,000 | 4,548,000 | 4,944,000 | 5,042,000 | 3,920,000 | 3,328,000 | 3,664,000 | 3,040,000 | 2,644,000 | 2,921,000 | 2,749,000 | 2,633,000 | 3,010,000 | 2,939,000 | 3,040,000 | 2,221,000 | 2,210,000 | 1,892,000 | 1,812,000 | 1,738,000 | 1,467,000 | 1,254,000 | 929,000 | 869,000 | 685,000 |
deferred rent receivable | 205,398,000 | 190,376,000 | 181,439,000 | 173,691,000 | 166,893,000 | 161,693,000 | 151,637,000 | 140,196,000 | 130,694,000 | 123,325,000 | 114,927,000 | 103,192,000 | 94,980,000 | 88,144,000 | 81,867,000 | 75,024,000 | 67,832,000 | 61,511,000 | 55,726,000 | 49,933,000 | 45,093,000 | 40,893,000 | 40,473,000 | 37,552,000 | 31,339,000 | 29,671,000 | 27,502,000 | 25,462,000 | 24,290,000 | 22,228,000 | 20,770,000 | 19,432,000 | 17,766,000 | 15,826,000 | 14,929,000 | 13,628,000 | 12,793,000 | 11,873,000 | 10,913,000 | 9,585,000 | 8,670,000 | 7,827,000 | 7,009,000 | 6,067,000 | 5,520,000 | 5,014,000 | 4,420,000 | 4,213,000 | 3,817,000 | 3,642,000 | 3,746,000 | 3,969,000 |
deferred leasing costs | 92,022,000 | 87,745,000 | 82,227,000 | 71,482,000 | 70,404,000 | 67,827,000 | 69,152,000 | 68,161,000 | 61,017,000 | 59,351,000 | 56,735,000 | 54,848,000 | 47,739,000 | 45,080,000 | 42,758,000 | 37,343,000 | 33,703,000 | 32,940,000 | 33,531,000 | 31,183,000 | 26,039,000 | 23,148,000 | 21,842,000 | 20,269,000 | 19,482,000 | 18,688,000 | 17,561,000 | 16,722,000 | 14,139,000 | 14,002,000 | 13,446,000 | 12,600,000 | 12,097,000 | 12,014,000 | 10,756,000 | 9,448,000 | 9,279,000 | 8,672,000 | 8,064,000 | 6,531,000 | 6,001,000 | 5,331,000 | 5,044,000 | 4,526,000 | 3,744,000 | 3,608,000 | 3,275,000 | 2,650,000 | 2,303,000 | |||
deferred loan costs | 6,382,000 | 6,886,000 | 7,391,000 | 7,892,000 | 1,642,000 | 1,999,000 | 2,356,000 | 2,713,000 | 3,069,000 | 3,426,000 | 3,783,000 | 4,139,000 | 4,474,000 | 4,829,000 | 5,184,000 | 5,532,000 | 1,729,000 | 1,961,000 | 2,192,000 | 2,545,000 | 2,060,000 | 2,240,000 | 2,419,000 | 2,599,000 | 2,770,000 | 695,000 | 849,000 | 1,004,000 | 1,158,000 | 1,312,000 | 1,467,000 | 1,621,000 | 1,775,000 | 1,930,000 | 2,084,000 | 2,239,000 | 2,352,000 | 847,000 | 996,000 | 1,146,000 | 1,296,000 | 1,445,000 | 1,595,000 | 1,745,000 | 1,895,000 | 2,789,000 | 2,995,000 | 3,197,000 | 1,476,000 | 1,597,000 | 1,609,000 | 1,504,000 |
acquired lease intangible assets | 130,045,000 | 140,627,000 | 154,931,000 | 169,036,000 | 182,444,000 | 201,467,000 | 205,510,000 | 220,021,000 | 223,698,000 | 153,670,000 | 154,036,000 | 147,990,000 | 161,339,000 | 169,986,000 | 175,913,000 | 164,764,000 | 153,665,000 | 132,158,000 | 125,697,000 | 89,560,000 | 87,587,000 | 92,172,000 | 67,304,000 | 71,513,000 | 76,138,000 | 73,090,000 | 67,110,000 | 61,664,000 | 56,122,000 | 55,683,000 | 53,402,000 | 57,054,000 | 45,876,000 | 49,239,000 | 49,147,000 | 41,087,000 | 33,050,000 | 36,365,000 | 38,093,000 | 37,789,000 | 28,802,000 | 30,383,000 | 27,838,000 | 28,580,000 | 26,504,000 | 28,136,000 | 23,558,000 | 22,652,000 | 13,174,000 | |||
acquired indefinite-lived intangible asset | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | ||||||||||||||||||||||||||||||||||||||||||||
interest rate swap assets | 4,562,000 | 2,025,000 | 2,804,000 | 3,586,000 | 5,580,000 | 8,942,000 | 3,880,000 | 16,510,000 | ||||||||||||||||||||||||||||||||||||||||||||
other assets | 20,500,000 | 25,609,000 | 31,522,000 | 15,765,000 | 20,730,000 | 26,964,000 | 34,092,000 | 18,501,000 | 22,114,000 | 25,225,000 | 31,817,000 | 19,055,000 | 21,811,000 | 24,973,000 | 27,868,000 | 19,513,000 | 22,671,000 | 19,066,000 | 18,213,000 | 18,841,000 | 27,272,000 | 14,390,000 | 13,982,000 | 16,656,000 | 10,717,000 | 9,671,000 | 10,778,000 | 14,204,000 | 12,580,000 | 6,723,000 | 7,508,000 | 8,216,000 | 5,961,000 | 6,146,000 | 7,144,000 | 7,388,000 | 5,944,000 | 5,290,000 | 5,522,000 | 5,589,000 | 5,580,000 | 5,523,000 | 5,491,000 | 5,221,000 | 5,534,000 | 4,699,000 | 4,552,000 | 2,583,000 | 4,588,000 | 2,334,000 | 2,321,000 | 4,574,000 |
assets associated with real estate held for sale | 48,761,000 | 6,282,000 | 18,386,000 | 7,213,000 | 8,845,000 | 4,582,000 | 8,300,000 | 12,436,000 | 7,616,000 | |||||||||||||||||||||||||||||||||||||||||||
total assets | 12,397,392,000 | 12,612,713,000 | 12,851,008,000 | 13,079,612,000 | 13,085,857,000 | 12,648,218,000 | 12,420,302,000 | 12,368,192,000 | 12,381,123,000 | 10,929,829,000 | 10,577,464,000 | 10,225,493,000 | 10,239,145,000 | 9,259,283,000 | 8,898,697,000 | 7,878,938,000 | 7,264,072,000 | 6,781,165,000 | 6,223,757,000 | 5,265,726,000 | 5,069,899,000 | 4,951,174,000 | 4,170,242,000 | 4,155,034,000 | 3,872,431,000 | 3,638,622,000 | 3,502,394,000 | 3,265,341,000 | 3,037,116,000 | 2,787,685,000 | 2,668,838,000 | 2,612,379,000 | 2,165,864,000 | 2,111,373,000 | 2,003,001,000 | 1,705,252,000 | 1,529,953,000 | 1,515,008,000 | 1,504,184,000 | 1,412,514,000 | 1,176,140,000 | 1,153,251,000 | 1,075,242,000 | 1,037,528,000 | 1,018,046,000 | 932,778,000 | 848,228,000 | 725,822,000 | 571,615,000 | 554,675,000 | 489,062,000 | 452,391,000 |
liabilities & equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 3,247,451,000 | 3,251,909,000 | 3,249,733,000 | 3,347,575,000 | 3,348,060,000 | 3,345,962,000 | 3,350,190,000 | 3,348,697,000 | 3,349,120,000 | 2,225,914,000 | 2,227,637,000 | 2,227,154,000 | 2,230,687,000 | 1,936,381,000 | 1,934,082,000 | 1,660,521,000 | 1,524,279,000 | 1,399,565,000 | 1,386,649,000 | 1,219,021,000 | 1,219,425,000 | 1,216,160,000 | 906,608,000 | 906,687,000 | 903,802,000 | 857,842,000 | 857,688,000 | 757,677,000 | 757,524,000 | 757,371,000 | 757,218,000 | 757,064,000 | 659,417,000 | 668,941,000 | 664,209,000 | 561,530,000 | 509,693,000 | 500,184,000 | 500,428,000 | 500,608,000 | 444,010,000 | 418,154,000 | 335,058,000 | 296,333,000 | 269,541,000 | 357,106,000 | 269,811,000 | 369,873,000 | 212,918,000 | 192,491,000 | 122,857,000 | 351,187,000 |
interest rate swap liability | 9,000 | 829,000 | 1,626,000 | 667,000 | 295,000 | 835,000 | 1,212,000 | 7,482,000 | 10,205,000 | 12,694,000 | 14,081,000 | 17,580,000 | 20,869,000 | 22,916,000 | 22,690,000 | 8,488,000 | 10,727,000 | 8,671,000 | 4,604,000 | 2,351,000 | 219,000 | 785,000 | 1,094,000 | 1,356,000 | 2,045,000 | 5,938,000 | 7,551,000 | 4,949,000 | 3,144,000 | 4,716,000 | 2,960,000 | 3,279,000 | ||||||||||||||||||||
accounts payable, accrued expenses and other liabilities | 125,007,000 | 120,849,000 | 153,558,000 | 124,814,000 | 141,999,000 | 149,707,000 | 169,084,000 | 153,993,000 | 148,920,000 | 128,842,000 | 155,103,000 | 109,881,000 | 110,272,000 | 97,496,000 | 113,770,000 | 81,742,000 | 85,465,000 | 65,833,000 | 77,968,000 | 49,699,000 | 41,871,000 | 45,384,000 | 45,212,000 | 33,731,000 | 39,000,000 | 31,112,000 | 34,669,000 | 26,065,000 | 33,728,000 | 21,074,000 | 30,411,000 | 19,683,000 | 21,441,000 | 21,134,000 | 22,190,000 | 14,298,000 | 18,005,000 | 13,585,000 | 18,433,000 | 10,877,000 | 14,897,000 | 12,631,000 | 13,886,000 | 9,257,000 | 11,566,000 | 11,304,000 | 9,620,000 | 6,281,000 | 6,345,000 | 6,024,000 | 4,602,000 | 2,518,000 |
dividends and distributions payable | 102,418,000 | 103,399,000 | 103,913,000 | 105,594,000 | 105,285,000 | 97,823,000 | 95,288,000 | 94,582,000 | 94,356,000 | 83,733,000 | 81,423,000 | 79,370,000 | 79,370,000 | 62,033,000 | 59,926,000 | 56,300,000 | 54,115,000 | 40,143,000 | 37,970,000 | 34,681,000 | 33,813,000 | 29,747,000 | 27,532,000 | 27,532,000 | ||||||||||||||||||||||||||||
acquired lease intangible liabilities | 110,914,000 | 116,487,000 | 122,870,000 | 129,683,000 | 136,661,000 | 147,473,000 | 155,328,000 | 163,109,000 | 171,687,000 | 147,561,000 | 155,582,000 | 130,511,000 | 138,339,000 | 147,384,000 | 154,851,000 | 149,580,000 | 135,275,000 | 127,017,000 | 111,444,000 | 65,646,000 | 66,883,000 | 67,256,000 | 61,148,000 | 61,108,000 | 63,914,000 | 59,340,000 | 56,151,000 | 55,084,000 | 52,426,000 | 52,727,000 | 52,289,000 | 53,939,000 | 17,783,000 | 18,067,000 | 18,147,000 | 10,785,000 | 8,653,000 | 9,130,000 | 5,722,000 | 4,346,000 | 3,307,000 | 3,387,000 | 2,700,000 | 2,579,000 | 2,903,000 | 3,016,000 | 1,921,000 | 1,977,000 | 1,553,000 | 1,160,000 | ||
tenant security deposits | 95,219,000 | 92,444,000 | 91,835,000 | 90,757,000 | 90,050,000 | 90,698,000 | 91,983,000 | 91,162,000 | 91,034,000 | 84,872,000 | 83,643,000 | 81,163,000 | 77,029,000 | 71,935,000 | 69,756,000 | 64,436,000 | 61,701,000 | 57,370,000 | 55,487,000 | 38,489,000 | 34,367,000 | 31,602,000 | 27,683,000 | 26,158,000 | 30,342,000 | 28,779,000 | 27,688,000 | 26,123,000 | 24,396,000 | 23,262,000 | 21,888,000 | 20,534,000 | 19,936,000 | 19,521,000 | 19,149,000 | 16,721,000 | 15,311,000 | 15,187,000 | 14,946,000 | 13,769,000 | 11,995,000 | 11,539,000 | 10,523,000 | 9,711,000 | 9,112,000 | 8,768,000 | 7,927,000 | 7,451,000 | 6,960,000 | 6,155,000 | 4,942,000 | 4,623,000 |
tenant prepaid rents | 82,186,000 | 88,777,000 | 85,114,000 | 85,494,000 | 88,822,000 | 90,576,000 | 93,218,000 | 101,473,000 | 110,727,000 | 115,002,000 | ||||||||||||||||||||||||||||||||||||||||||
liabilities associated with real estate held for sale | 482,000 | 4,000 | 234,000 | 231,000 | 193,000 | 135,000 | 132,000 | 243,000 | 260,000 | |||||||||||||||||||||||||||||||||||||||||||
total liabilities | 3,763,686,000 | 3,774,694,000 | 3,808,649,000 | 3,884,588,000 | 3,911,111,000 | 3,922,239,000 | 3,955,386,000 | 3,953,016,000 | 3,965,844,000 | 2,785,924,000 | 2,734,160,000 | 2,670,679,000 | 2,680,835,000 | 2,335,941,000 | 2,352,377,000 | 2,027,240,000 | 1,876,312,000 | 1,713,470,000 | 1,696,081,000 | 1,432,954,000 | 1,421,681,000 | 1,420,582,000 | 1,100,022,000 | 1,089,295,000 | 1,093,753,000 | 1,016,173,000 | 1,015,851,000 | 900,732,000 | 899,280,000 | 879,262,000 | 883,444,000 | 872,546,000 | 737,543,000 | 746,119,000 | 741,798,000 | 620,274,000 | 567,811,000 | 552,868,000 | 558,626,000 | 549,730,000 | 489,639,000 | 459,507,000 | 376,322,000 | 330,012,000 | 304,184,000 | 386,901,000 | 295,799,000 | 389,621,000 | 231,620,000 | 212,906,000 | 133,460,000 | 358,996,000 |
equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
rexford industrial realty, inc. stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value per share... | ||||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at march 31, 2026 and december 31, 2025 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at march 31, 2026 and december 31, 2025 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value per share... | 2,263,000 | 2,316,000 | 2,328,000 | 2,367,000 | 2,362,000 | 2,253,000 | 2,195,000 | 2,178,000 | 2,178,000 | 2,123,000 | 2,065,000 | 2,010,000 | 2,008,000 | 1,891,000 | 1,826,000 | 1,711,000 | 1,650,000 | 1,605,000 | 1,514,000 | 1,377,000 | 1,338,000 | 1,313,000 | 1,236,000 | 1,236,000 | 1,162,000 | 1,136,000 | 1,106,000 | 1,095,000 | 1,038,000 | 966,000 | 924,000 | 908,000 | 804,000 | 782,000 | ||||||||||||||||||
additional paid-in capital | 8,745,875,000 | 8,945,123,000 | 8,993,439,000 | 9,140,264,000 | 9,116,069,000 | 8,601,276,000 | 8,318,979,000 | 8,235,484,000 | 8,233,127,000 | 7,940,781,000 | 7,613,354,000 | 7,311,458,000 | 7,299,837,000 | 6,646,867,000 | 6,254,853,000 | |||||||||||||||||||||||||||||||||||||
cumulative distributions in excess of earnings | -651,692,000 | -642,130,000 | -474,813,000 | -462,309,000 | -474,550,000 | -441,881,000 | -407,695,000 | -381,507,000 | -370,720,000 | -338,835,000 | -320,180,000 | -298,367,000 | -273,849,000 | -255,743,000 | -237,135,000 | -216,588,000 | -198,999,000 | -191,120,000 | -187,510,000 | -182,851,000 | -170,487,000 | -163,389,000 | -148,492,000 | -147,907,000 | -132,843,000 | -118,751,000 | -117,711,000 | -107,056,000 | -99,715,000 | -88,341,000 | -85,358,000 | -76,926,000 | -67,622,000 | -67,058,000 | -67,578,000 | -56,992,000 | -64,682,000 | -59,277,000 | -56,651,000 | -50,733,000 | -54,192,000 | -48,103,000 | -41,613,000 | -34,702,000 | -28,235,000 | -21,673,000 | -16,574,000 | |||||
accumulated other comprehensive income | 2,887,000 | -422,000 | -515,000 | 1,092,000 | 3,582,000 | 6,746,000 | 1,474,000 | 13,834,000 | 13,922,000 | 7,172,000 | 21,142,000 | 16,525,000 | 3,117,000 | 8,247,000 | -7,542,000 | -10,132,000 | -7,101,000 | 1,261,000 | 6,262,000 | 13,558,000 | 12,753,000 | 11,014,000 | 6,799,000 | 3,870,000 | 3,216,000 | 4,176,000 | 3,445,000 | -1,331,000 | 158,000 | -410,000 | 269,000 | |||||||||||||||||||||
total stockholders’ equity | 8,255,009,000 | 8,460,563,000 | 8,676,115,000 | 8,837,090,000 | 8,803,139,000 | 8,324,070,000 | 8,070,629,000 | 8,025,665,000 | 8,034,183,000 | 7,766,917,000 | 7,472,057,000 | 7,187,302,000 | 7,186,789,000 | 6,556,938,000 | 6,184,443,000 | 5,494,644,000 | 5,088,528,000 | 4,784,579,000 | 4,240,046,000 | 3,548,157,000 | 3,359,515,000 | 3,245,141,000 | 2,895,967,000 | 2,893,658,000 | 2,612,970,000 | 2,556,177,000 | 2,422,074,000 | 2,301,881,000 | 2,103,896,000 | 1,876,094,000 | 1,754,557,000 | 1,710,479,000 | 1,400,681,000 | 1,340,046,000 | 1,236,839,000 | 1,060,865,000 | 938,856,000 | 939,315,000 | 923,261,000 | 840,587,000 | 664,708,000 | 672,139,000 | ||||||||||
noncontrolling interests | 378,697,000 | 377,456,000 | 366,244,000 | 357,934,000 | 371,607,000 | 401,909,000 | 394,287,000 | 389,511,000 | 381,096,000 | 376,988,000 | 371,247,000 | 367,512,000 | 371,521,000 | 366,404,000 | 361,877,000 | 357,054,000 | 299,232,000 | 283,116,000 | 287,630,000 | 284,615,000 | 288,703,000 | 285,451,000 | 174,253,000 | 172,081,000 | 165,708,000 | 66,272,000 | 64,469,000 | 62,728,000 | 33,940,000 | 32,329,000 | 30,837,000 | 29,354,000 | 27,640,000 | 25,208,000 | 24,364,000 | 24,113,000 | 23,286,000 | 22,825,000 | 22,297,000 | 22,197,000 | 21,793,000 | 21,605,000 | 22,425,000 | 23,932,000 | 25,496,000 | 26,129,000 | 30,166,000 | 34,689,000 | 35,122,000 | 35,571,000 | 46,152,000 | 109,019,000 |
total equity | 8,633,706,000 | 8,838,019,000 | 9,042,359,000 | 9,195,024,000 | 9,174,746,000 | 8,725,979,000 | 8,464,916,000 | 8,415,176,000 | 8,415,279,000 | 8,143,905,000 | 7,843,304,000 | 7,554,814,000 | 7,558,310,000 | 6,923,342,000 | 6,546,320,000 | 5,851,698,000 | 5,387,760,000 | 5,067,695,000 | 4,527,676,000 | 3,832,772,000 | 3,648,218,000 | 3,530,592,000 | 3,070,220,000 | 3,065,739,000 | 2,778,678,000 | 2,622,449,000 | 2,486,543,000 | 2,364,609,000 | 2,137,836,000 | 1,908,423,000 | 1,785,394,000 | 1,739,833,000 | 1,428,321,000 | 1,365,254,000 | 1,261,203,000 | 1,084,978,000 | 962,142,000 | 962,140,000 | 945,558,000 | 862,784,000 | 686,501,000 | 693,744,000 | 698,920,000 | 707,516,000 | 713,862,000 | 545,877,000 | 552,429,000 | 336,201,000 | 339,995,000 | 341,769,000 | 355,602,000 | 93,395,000 |
total liabilities and equity | 12,397,392,000 | 12,612,713,000 | 12,851,008,000 | 13,079,612,000 | 13,085,857,000 | 12,648,218,000 | 12,420,302,000 | 12,368,192,000 | 12,381,123,000 | 10,929,829,000 | 10,577,464,000 | 10,225,493,000 | 10,239,145,000 | 9,259,283,000 | 8,898,697,000 | 7,878,938,000 | 7,264,072,000 | 6,781,165,000 | 6,223,757,000 | 5,265,726,000 | 5,069,899,000 | 4,951,174,000 | 4,170,242,000 | 4,155,034,000 | 3,872,431,000 | 3,638,622,000 | 3,502,394,000 | 3,265,341,000 | 3,037,116,000 | 2,787,685,000 | 2,668,838,000 | 2,612,379,000 | 2,165,864,000 | 2,111,373,000 | 2,003,001,000 | 1,705,252,000 | 1,529,953,000 | 1,515,008,000 | 1,504,184,000 | 1,412,514,000 | 1,176,140,000 | 1,153,251,000 | 1,075,242,000 | 1,037,528,000 | 1,018,046,000 | 932,778,000 | 848,228,000 | 725,822,000 | 571,615,000 | 554,675,000 | 489,062,000 | 452,391,000 |
furniture, fixtures, and equipment | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 132,000 | 141,000 | 149,000 | 167,000 | 174,000 | 175,000 | 175,000 | 188,000 | 188,000 | 188,000 | 188,000 | 188,000 | 188,000 | 188,000 | 188,000 | 188,000 | 188,000 | 188,000 | 188,000 | ||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at december 31, 2025 and december 31, 2024 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at december 31, 2025 and december 31, 2024 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 65,464,000 | 130,071,000 | 50,105,000 | 16,239,000 | 11,000 | 50,000 | 26,000 | 47,000 | 1,230,000 | 42,387,000 | 67,000 | 46,000 | 11,055,000 | 4,211,000 | 250,000 | 6,537,000 | 17,979,000 | 307,000 | 379,000 | 352,000 | 325,000 | 298,000 | 2,026,000 | |||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at september 30, 2025 and december 31, 2024 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at september 30, 2025 and december 31, 2024 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at june 30, 2025 and december 31, 2024 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at june 30, 2025 and december 31, 2024 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at march 31, 2025 and december 31, 2024 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at march 31, 2025 and december 31, 2024 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition related deposits | 1,250,000 | 7,975,000 | 2,125,000 | 8,700,000 | 3,625,000 | 1,625,000 | 8,200,000 | 18,475,000 | 18,275,000 | 8,445,000 | 9,610,000 | 14,540,000 | 10,075,000 | 4,067,000 | 3,625,000 | 63,612,000 | 5,896,000 | 14,526,000 | 8,415,000 | 4,615,000 | 10,875,000 | 925,000 | 1,325,000 | 1,600,000 | 4,525,000 | 2,475,000 | 1,075,000 | 2,250,000 | 500,000 | 400,000 | 400,000 | 400,000 | 1,250,000 | 1,400,000 | 250,000 | 2,110,000 | 1,450,000 | 1,550,000 | 1,510,000 | 1,435,000 | 210,000 | |||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at december 31, 2024 and december 31, 2023 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at december 31, 2024 and december 31, 2023 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at september 30, 2024 and december 31, 2023 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at september 30, 2024 and december 31, 2023 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at june 30, 2024 and december 31, 2023 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at june 30, 2024 and december 31, 2023 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
acquired indefinite-lived intangible | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,156,000 | 5,170,000 | 5,215,000 | 5,271,000 | 5,271,000 | 5,271,000 | 5,271,000 | 5,271,000 | 5,271,000 | 5,271,000 | 5,271,000 | 5,271,000 | 5,271,000 | 5,271,000 | ||||||||||
interest rate swap asset | 16,737,000 | 9,896,000 | 24,494,000 | 19,869,000 | 6,947,000 | 11,422,000 | 12,565,000 | 766,000 | 374,000 | 1,414,000 | 5,896,000 | 8,770,000 | 13,851,000 | 13,036,000 | 11,294,000 | 7,193,000 | 4,752,000 | 4,399,000 | 5,657,000 | 5,594,000 | ||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at march 31, 2024 and december 31, 2023 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at march 31, 2024 and december 31, 2023 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at december 31, 2023 and december 31, 2022 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at december 31, 2023 and december 31, 2022 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid rents | 30,772,000 | 42,600,000 | 44,303,000 | 20,712,000 | 19,992,000 | 14,661,000 | 14,265,000 | 15,829,000 | 16,358,000 | 12,724,000 | 11,241,000 | 12,660,000 | 10,970,000 | 11,163,000 | 8,074,000 | 8,988,000 | 7,759,000 | 6,289,000 | 6,828,000 | 6,539,000 | 6,424,000 | 6,374,000 | 5,540,000 | 6,267,000 | 5,738,000 | 5,204,000 | 4,785,000 | 3,455,000 | 3,945,000 | 3,367,000 | 2,667,000 | 2,846,000 | 1,935,000 | 2,517,000 | 1,144,000 | 1,463,000 | 1,329,000 | 964,000 | 778,000 | 1,448,000 | 524,000 | 603,000 | ||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at september 30, 2023 and december 31, 2022 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at september 30, 2023 and december 31, 2022 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at june 30, 2023 and december 31, 2022 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at june 30, 2023 and december 31, 2022 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at march 31, 2023 and december 31, 2022 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at march 31, 2023 and december 31, 2022 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at december 31, 2022 and december 31, 2021 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at december 31, 2022 and december 31, 2021 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at september 30, 2022 and december 31, 2021 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at september 30, 2022 and december 31, 2021 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | 9,223,000 | -2,974,000 | -3,674,000 | -9,874,000 | -13,234,000 | -12,319,000 | -13,996,000 | -17,709,000 | -20,231,000 | -22,214,000 | -21,950,000 | -5,764,000 | -7,328,000 | -4,728,000 | -3,033,000 | -4,546,000 | -2,847,000 | -3,147,000 | ||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at june 30, 2022 and december 31, 2021 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at june 30, 2022 and december 31, 2021 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid in capital | 5,556,819,000 | 5,133,875,000 | 4,828,292,000 | 4,283,600,000 | 3,499,623,000 | 3,300,333,000 | 3,182,599,000 | 2,821,127,000 | 2,820,216,000 | 2,524,274,000 | 2,439,007,000 | 2,306,282,000 | 2,255,849,000 | 2,042,218,000 | 1,798,113,000 | 1,666,339,000 | 1,614,650,000 | 1,297,391,000 | 1,239,810,000 | 1,213,123,000 | 1,027,282,000 | 912,047,000 | 907,834,000 | 898,354,000 | 897,991,000 | 723,074,000 | 722,722,000 | 722,102,000 | 720,583,000 | 719,199,000 | 542,318,000 | 538,248,000 | 312,451,000 | 312,131,000 | 311,936,000 | 308,937,000 | ||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at march 31, 2022 and december 31, 2021 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at march 31, 2022 and december 31, 2021 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, zero and 3,600,000 shares outstanding at december 31, 2021 and december 31, 2020, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at december 31, 2021 and december 31, 2020 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at december 31, 2021 and december 31, 2020 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, zero and 3,600,000 shares outstanding at september 30, 2021 and december 31, 2020, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at september 30, 2021 and december 31, 2020 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at september 30, 2021 and december 31, 2020 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at june 30, 2021 and december 31, 2020 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at june 30, 2021 and december 31, 2020 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at june 30, 2021 and december 31, 2020 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at march 31, 2021 and december 31, 2020 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at march 31, 2021 and december 31, 2020 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at march 31, 2021 and december 31, 2020 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at december 31, 2020 and december 31, 2019 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at december 31, 2020 and december 31, 2019 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at december 31, 2020 and december 31, 2019 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at september 30, 2020 and december 31, 2019 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at september 30, 2020 and december 31, 2019 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at september 30, 2020 and december 31, 2019 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at june 30, 2020 and december 31, 2019 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at june 30, 2020 and december 31, 2019 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at june 30, 2020 and december 31, 2019 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 25,931,000 | 21,624,000 | 21,034,000 | 20,823,000 | 19,774,000 | 15,938,000 | 15,214,000 | 14,952,000 | 13,294,000 | 11,727,000 | 11,580,000 | 10,642,000 | 10,008,000 | 9,282,000 | 9,214,000 | 9,212,000 | 7,814,000 | 7,806,000 | 7,504,000 | 6,655,000 | 6,639,000 | 5,244,000 | 5,191,000 | 3,075,000 | 3,066,000 | 5,368,000 | ||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at march 31, 2020 and december 31, 2019 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at march 31, 2020 and december 31, 2019 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 shares outstanding at march 31, 2020 and december 31, 2019 | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at december 31, 2019 and december 31, 2018 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at december 31, 2019 and december 31, 2018 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 and zero shares outstanding at december 31, 2019 and december 31, 2018, respectively | 83,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at september 30, 2019 and december 31, 2018 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at september 30, 2019 and december 31, 2018 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.625% series c cumulative redeemable preferred stock, 3,450,000 and zero shares outstanding at september 30, 2019 and december 31, 2018, respectively | 83,435,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at june 30, 2019 and december 31, 2018 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at june 30, 2019 and december 31, 2018 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at march 31, 2019 and december 31, 2018 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at march 31, 2019 and december 31, 2018 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding as of december 31, 2018 and december 31, 2017 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding as of december 31, 2018 and december 31, 2017 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at september 30, 2018 and december 31, 2017 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at september 30, 2018 and december 31, 2017 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at june 30, 2018 and december 31, 2017 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at june 30, 2018 and december 31, 2017 | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding at march 31, 2018 and december 31, 2017 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 shares outstanding at march 31, 2018 and december 31, 2017, respectively | 72,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable | 5,934,000 | 13,137,000 | 13,138,000 | 13,136,000 | 13,135,000 | 13,139,000 | 13,153,000 | 7,876,000 | ||||||||||||||||||||||||||||||||||||||||||||
5.875% series a cumulative redeemable preferred stock, 3,600,000 shares outstanding as of december 31, 2017 and december 31, 2016 | 86,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
5.875% series b cumulative redeemable preferred stock, 3,000,000 and zero shares outstanding as of december 31, 2017 and december 31, 2016, respectively | 73,062,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
note receivable | 6,090,000 | 5,817,000 | 13,137,000 | 13,135,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | 86,651,000 | 86,651,000 | 86,651,000 | 86,651,000 | 86,664,000 | |||||||||||||||||||||||||||||||||||||||||||||||
common stock | 773,000 | 708,000 | 664,000 | 662,000 | 658,000 | 657,000 | 554,000 | 553,000 | 552,000 | 550,000 | 549,000 | 434,000 | 431,000 | 255,000 | 255,000 | 255,000 | ||||||||||||||||||||||||||||||||||||
investment in unconsolidated real estate entities | 4,203,000 | 4,144,000 | 4,087,000 | 4,056,000 | 4,018,000 | 4,013,000 | 4,018,000 | 5,744,000 | 5,758,000 | 5,778,000 | 5,687,000 | 8,982,000 | 11,486,000 | |||||||||||||||||||||||||||||||||||||||
rexford industrial realty, inc. stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 676,495,000 | 683,584,000 | 688,366,000 | 519,748,000 | 522,263,000 | 301,512,000 | 304,873,000 | 306,198,000 | 309,450,000 | |||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -10,784,000 | -7,782,000 | -5,993,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
rexford industrial realty, inc. stockholders' equity and predecessor equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred leasing costs and in-place lease intangibles | 14,189,000 | 11,601,000 | 7,805,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
acquired above-market leases | 1,597,000 | 1,888,000 | 1,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
due to members | ||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||
predecessor equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
acquired below-market leases | 535,000 | 65,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
rexford industrial realty, inc. stockholders' equity and predecessor equity common stock, 0.01 par value 490,000,000 authorized and 25,678,575 outstanding | 257,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings | 256,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
rexford industrial realty, inc. predecessor | 11,968,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit and distributions | -27,592,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total rexford industrial realty, inc. predecessor equity | -15,624,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-07-24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 94,562,000 | -67,735,000 | 93,056,000 | 120,394,000 | 74,048,000 | 64,910,000 | 70,722,000 | 86,017,000 | 64,277,000 | 67,321,000 | 61,790,000 | 56,910,000 | 63,570,000 | 45,708,000 | 41,648,000 | 40,901,000 | 48,900,000 | 39,380,000 | 40,186,000 | 26,037,000 | 30,643,000 | 18,155,000 | 31,197,000 | 16,271,000 | 15,272,000 | 24,382,000 | 12,948,000 | 15,954,000 | 10,717,000 | 15,207,000 | 8,965,000 | 7,819,000 | 15,084,000 | 14,115,000 | 2,009,000 | 19,855,000 | 5,721,000 | 8,546,000 | 3,061,000 | 12,792,000 | 1,477,000 | 1,056,000 | 617,000 | 196,000 | 81,000 | 145,000 | -679,000 | 81,000 | 1,429,000 | -1,291,000 | |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 72,933,000 | 76,819,000 | 81,172,000 | 71,188,000 | 86,740,000 | 71,832,000 | 69,241,000 | 67,896,000 | 66,278,000 | 65,839,000 | 60,449,000 | 58,793,000 | 59,429,000 | 56,568,000 | 51,146,000 | 46,609,000 | 42,471,000 | 41,221,000 | 38,676,000 | 36,228,000 | 35,144,000 | 30,554,000 | 28,811,000 | 28,381,000 | 27,523,000 | 26,877,000 | 25,496,000 | 24,522,000 | 21,996,000 | 20,671,000 | 20,144,000 | 19,775,000 | 19,452,000 | 18,767,000 | 17,971,000 | 14,515,000 | 13,599,000 | 14,242,000 | 13,341,000 | 12,610,000 | 11,214,000 | 10,642,000 | 10,490,000 | 9,884,000 | 8,443,000 | 8,032,000 | 6,003,000 | 6,130,000 | -3,677,000 | ||
amortization of net (below) above market lease intangibles and other deferred rent on certain other below-market leases | -4,647,000 | -5,254,000 | -5,788,000 | -9,186,000 | -6,635,000 | -7,268,000 | -7,591,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs | 1,334,000 | 1,333,000 | 1,340,000 | 1,255,000 | 1,134,000 | 1,246,000 | 1,252,000 | 1,266,000 | 1,011,000 | 1,000,000 | 1,001,000 | 999,000 | 856,000 | 840,000 | 766,000 | 563,000 | 520,000 | 517,000 | 508,000 | 447,000 | 447,000 | 408,000 | 373,000 | 381,000 | 343,000 | 347,000 | 347,000 | 345,000 | 344,000 | 344,000 | 331,000 | 312,000 | 290,000 | 288,000 | 275,000 | ||||||||||||||||
amortization of discount/(premium) on notes payable | 1,641,000 | 1,616,000 | 1,597,000 | 1,579,000 | 1,560,000 | ||||||||||||||||||||||||||||||||||||||||||||||
accretion of net loan origination fees and costs | -115,000 | -115,000 | -115,000 | -115,000 | -115,000 | -115,000 | -115,000 | -115,000 | -115,000 | ||||||||||||||||||||||||||||||||||||||||||
impairment of real estate | 6,824,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of real estate | -26,281,000 | -19,931,000 | -28,583,000 | -44,361,000 | -13,157,000 | 0 | -1,745,000 | -6,868,000 | 0 | 0 | -12,133,000 | ||||||||||||||||||||||||||||||||||||||||
share-based compensation | 4,063,000 | 68,761,000 | 11,929,000 | 10,091,000 | 9,699,000 | ||||||||||||||||||||||||||||||||||||||||||||||
straight-line rent | -15,136,000 | -9,073,000 | -8,164,000 | -6,918,000 | -5,517,000 | -10,057,000 | -11,441,000 | -9,567,000 | -7,368,000 | -8,514,000 | -11,792,000 | -8,653,000 | -7,628,000 | -7,467,000 | -8,411,000 | -8,441,000 | -6,901,000 | -5,999,000 | -5,865,000 | -4,840,000 | -4,199,000 | -434,000 | -3,088,000 | -6,212,000 | -1,672,000 | -2,200,000 | -2,080,000 | -1,241,000 | -2,067,000 | -1,492,000 | -1,343,000 | -1,673,000 | -1,969,000 | -1,478,000 | -1,307,000 | -996,000 | -956,000 | -1,095,000 | -1,395,000 | -922,000 | -1,095,000 | ||||||||||
amortization related to termination/settlement of interest rate derivatives | 77,000 | 78,000 | 78,000 | 77,000 | 77,000 | 112,000 | 136,000 | 136,000 | 138,000 | 138,000 | 137,000 | 136,000 | 129,000 | 128,000 | 129,000 | 93,000 | 181,000 | 804,000 | |||||||||||||||||||||||||||||||||
change in working capital components: | |||||||||||||||||||||||||||||||||||||||||||||||||||
rents and other receivables | 1,852,000 | 1,572,000 | -2,674,000 | 4,870,000 | -1,853,000 | 1,543,000 | 264,000 | 852,000 | -402,000 | 1,508,000 | -4,847,000 | -281,000 | 1,393,000 | -2,635,000 | -2,210,000 | 748,000 | 1,239,000 | -1,220,000 | -1,584,000 | -488,000 | 2,547,000 | -4,367,000 | -1,032,000 | 1,069,000 | 300,000 | -601,000 | -1,147,000 | 654,000 | 219,000 | -196,000 | -1,515,000 | -764,000 | 128,000 | -853,000 | -630,000 | -49,000 | -475,000 | -300,000 | -728,000 | -61,000 | 101,000 | -11,000 | -318,000 | -80,000 | -74,000 | -271,000 | -213,000 | -325,000 | 105,000 | ||
deferred leasing costs | -12,921,000 | -12,215,000 | -10,416,000 | -5,951,000 | -5,455,000 | -6,696,000 | -8,014,000 | -8,899,000 | -5,331,000 | -7,228,000 | -8,178,000 | -6,957,000 | -3,444,000 | -7,522,000 | -7,100,000 | -2,427,000 | -713,000 | -4,325,000 | -6,447,000 | -4,664,000 | -2,037,000 | -3,752,000 | -2,746,000 | -2,129,000 | -1,820,000 | -2,678,000 | -2,203,000 | -2,023,000 | -1,413,000 | -1,718,000 | -1,498,000 | -1,153,000 | -1,843,000 | -2,081,000 | -1,543,000 | -1,164,000 | -905,000 | -1,809,000 | -1,542,000 | -1,316,000 | -929,000 | -981,000 | |||||||||
other assets | 4,934,000 | 5,728,000 | -15,921,000 | 4,480,000 | 5,962,000 | 6,883,000 | -15,982,000 | 5,344,000 | 4,556,000 | 6,216,000 | -13,173,000 | 2,398,000 | 3,467,000 | 2,565,000 | -8,795,000 | 2,829,000 | 2,807,000 | -2,167,000 | 316,000 | 8,318,000 | -12,824,000 | 645,000 | 2,521,000 | -5,688,000 | 170,000 | 1,242,000 | 1,004,000 | -1,755,000 | 533,000 | 609,000 | 497,000 | -2,436,000 | 59,000 | 810,000 | 63,000 | -1,535,000 | -829,000 | 81,000 | 38,000 | -215,000 | 167,000 | -404,000 | 190,000 | -927,000 | -394,000 | -455,000 | 1,765,000 | -1,985,000 | 316,000 | ||
accounts payable, accrued expenses and other liabilities | 14,635,000 | -25,588,000 | 29,416,000 | -21,386,000 | 9,939,000 | -16,456,000 | 25,155,000 | -20,906,000 | 21,093,000 | -27,605,000 | 33,923,000 | -16,964,000 | 15,304,000 | -15,743,000 | 25,654,000 | -11,337,000 | 10,730,000 | -9,869,000 | 25,034,000 | 1,424,000 | -4,694,000 | -5,215,000 | 11,385,000 | -6,782,000 | 5,437,000 | -5,579,000 | 10,264,000 | -7,048,000 | 3,936,000 | -7,659,000 | 7,973,000 | -2,192,000 | 2,529,000 | -2,024,000 | 7,995,000 | -4,192,000 | 2,424,000 | -2,243,000 | 5,029,000 | -3,079,000 | 1,960,000 | 4,829,000 | -2,778,000 | 1,508,000 | -708,000 | 1,976,000 | -876,000 | 835,000 | 1,452,000 | ||
tenant security deposits | 3,085,000 | 908,000 | 1,578,000 | 933,000 | -648,000 | -1,931,000 | 721,000 | -433,000 | -1,432,000 | 1,328,000 | 780,000 | 141,000 | 1,201,000 | -60,000 | 2,713,000 | 1,693,000 | 1,948,000 | 10,000 | 1,649,000 | 3,096,000 | 2,021,000 | 1,582,000 | 1,323,000 | -4,308,000 | 988,000 | 554,000 | 785,000 | 763,000 | 753,000 | 887,000 | 1,247,000 | 418,000 | 179,000 | 526,000 | 1,374,000 | 464,000 | 216,000 | 325,000 | 659,000 | 753,000 | 418,000 | 496,000 | 304,000 | 137,000 | 120,000 | 306,000 | 73,000 | 462,000 | -423,000 | ||
tenant prepaid rents | -5,674,000 | 4,619,000 | 593,000 | -2,391,000 | -677,000 | -1,929,000 | -7,746,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 141,166,000 | 111,745,000 | 149,632,000 | 128,157,000 | 152,551,000 | 116,256,000 | 127,242,000 | 101,663,000 | 133,756,000 | 115,987,000 | 108,872,000 | 83,183,000 | 119,506,000 | 66,752,000 | 98,036,000 | 71,315,000 | 91,592,000 | 51,520,000 | 78,266,000 | 65,301,000 | 36,376,000 | 36,346,000 | 75,469,000 | 24,686,000 | 46,493,000 | 31,869,000 | 46,097,000 | 25,364,000 | 36,184,000 | 21,830,000 | 35,821,000 | 19,924,000 | 25,200,000 | 18,521,000 | 26,849,000 | 12,203,000 | 19,077,000 | 12,422,000 | 19,655,000 | 10,225,000 | 14,130,000 | 13,736,000 | 8,049,000 | 9,775,000 | 6,603,000 | 8,526,000 | 6,219,000 | 3,156,000 | 1,115,000 | ||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -63,041,000 | -81,928,000 | -89,152,000 | -83,196,000 | -79,148,000 | -88,377,000 | -119,997,000 | -85,117,000 | -79,901,000 | -99,319,000 | -75,159,000 | -47,851,000 | -44,235,000 | -44,835,000 | -35,043,000 | -27,940,000 | -27,277,000 | -30,887,000 | -22,074,000 | -26,367,000 | -23,147,000 | -21,234,000 | -24,278,000 | -17,646,000 | -15,607,000 | -12,581,000 | -12,344,000 | -12,532,000 | -9,712,000 | -16,673,000 | -14,807,000 | -11,610,000 | -14,861,000 | -13,131,000 | -12,299,000 | -10,790,000 | -6,093,000 | -8,241,000 | -8,382,000 | -9,026,000 | -6,279,000 | -6,358,000 | -5,086,000 | -4,487,000 | -5,183,000 | -4,555,000 | -2,627,000 | -1,594,000 | 588,000 | ||
free cash flows | 78,125,000 | 29,817,000 | 60,480,000 | 44,961,000 | 73,403,000 | 27,879,000 | 7,245,000 | 16,546,000 | 53,855,000 | 16,668,000 | 33,713,000 | 35,332,000 | 75,271,000 | 21,917,000 | 62,993,000 | 43,375,000 | 64,315,000 | 20,633,000 | 56,192,000 | 38,934,000 | 13,229,000 | 15,112,000 | 51,191,000 | 7,040,000 | 30,886,000 | 19,288,000 | 33,753,000 | 12,832,000 | 26,472,000 | 5,157,000 | 21,014,000 | 8,314,000 | 10,339,000 | 5,390,000 | 14,550,000 | 1,413,000 | 12,984,000 | 4,181,000 | 11,273,000 | 1,199,000 | 7,851,000 | 7,378,000 | 2,963,000 | 5,288,000 | 1,420,000 | 3,971,000 | 3,592,000 | 1,562,000 | 1,703,000 | ||
proceeds from sale of real estate | 122,748,000 | 28,248,000 | 51,157,000 | 78,853,000 | 50,105,000 | 0 | 6,864,000 | 10,789,000 | 0 | 0 | 16,239,000 | 0 | 0 | 0 | 15,315,000 | 11,184,000 | 17,667,000 | 7,833,000 | 19,882,000 | 1,304,000 | 20,082,000 | 1,198,000 | 9,788,000 | 0 | 10,281,000 | 24,896,000 | 31,582,000 | 0 | 57,869,000 | 6,537,000 | 18,070,000 | 0 | |||||||||||||||||||
net cash from investing activities | 59,707,000 | -53,680,000 | -37,995,000 | -4,343,000 | -29,043,000 | -296,831,000 | -172,527,000 | -212,834,000 | -1,153,782,000 | -403,666,000 | -377,071,000 | -129,831,000 | -765,878,000 | -393,383,000 | -1,005,593,000 | -578,612,000 | -471,622,000 | -560,046,000 | -903,563,000 | -276,757,000 | -172,401,000 | -765,425,000 | -11,781,000 | -147,179,000 | -63,138,000 | -257,112,000 | -241,248,000 | -308,942,000 | -165,440,000 | -138,720,000 | -48,311,000 | -275,414,000 | -44,768,000 | -114,952,000 | -302,785,000 | -172,019,000 | -17,144,000 | -49,115,000 | -70,719,000 | -210,412,000 | -30,968,000 | -49,951,000 | -64,939,000 | -49,255,000 | -140,406,000 | -75,518,000 | -144,424,000 | -20,233,000 | 31,544,000 | ||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | 0 | 0 | 0 | 477,598,000 | 279,623,000 | 79,805,000 | 0 | 290,116,000 | 324,998,000 | 298,137,000 | 0 | 652,597,000 | 387,628,000 | 696,826,000 | 419,071,000 | 305,706,000 | 533,933,000 | 782,714,000 | 191,197,000 | 118,247,000 | 359,737,000 | -23,000 | 294,951,000 | 79,431,000 | 131,828,000 | 27,032,000 | 185,514,000 | 114,614,000 | 3,740,000 | 708,000 | 1,000 | 7,000 | 0 | 184,000,000 | 0 | ||||||||||||||||
proceeds from borrowings | 35,000,000 | 0 | 0 | 0 | 1,129,875,000 | 0 | 0 | 0 | 646,925,000 | 60,000,000 | 1,402,000,000 | 860,000,000 | 392,000,000 | 281,001,000 | 968,556,000 | ||||||||||||||||||||||||||||||||||||
repayment of borrowings | -41,929,000 | -248,000 | -100,244,000 | -242,000 | -239,000 | -6,651,000 | -285,000 | -2,529,000 | -3,937,000 | -2,580,000 | -367,000 | -4,165,000 | -350,379,000 | -57,875,000 | -1,127,546,000 | -723,550,000 | -267,635,000 | -281,598,000 | -798,030,000 | ||||||||||||||||||||||||||||||||
dividends paid to preferred stockholders | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,315,000 | -2,314,000 | -2,314,000 | -2,976,000 | -3,637,000 | -3,636,000 | -3,636,000 | -3,636,000 | -3,637,000 | -3,636,000 | -3,784,000 | -2,424,000 | -2,424,000 | -2,423,000 | -2,424,000 | -2,423,000 | -2,424,000 | -3,010,000 | -1,322,000 | -1,322,000 | -1,322,000 | -1,322,000 | ||||||||||||||
dividends paid to common stockholders | -99,579,000 | -100,109,000 | -101,778,000 | -101,554,000 | -94,056,000 | -91,644,000 | -90,948,000 | -90,942,000 | -80,692,000 | -78,463,000 | -76,397,000 | -76,298,000 | -59,570,000 | -57,513,000 | -53,885,000 | -51,981,000 | -38,523,000 | -36,347,000 | -33,054,000 | -32,136,000 | -28,256,000 | -26,615,000 | -26,614,000 | -25,011,000 | -21,052,000 | -20,513,000 | -20,302,000 | -19,245,000 | -15,490,000 | -14,832,000 | -14,570,000 | -12,907,000 | -11,382,000 | -11,252,000 | -10,312,000 | -9,672,000 | -8,971,000 | -8,917,000 | -8,915,000 | -7,514,000 | -7,506,000 | -6,655,000 | -6,639,000 | -5,244,000 | -5,191,000 | -3,075,000 | -3,066,000 | -5,368,000 | |||
distributions paid to common unitholders | -3,820,000 | -3,804,000 | -3,816,000 | -3,731,000 | -3,767,000 | -3,640,000 | -3,634,000 | -3,410,000 | -3,041,000 | -2,956,000 | -2,973,000 | -3,068,000 | -2,463,000 | -2,413,000 | -2,415,000 | -2,134,000 | -1,620,000 | -1,623,000 | -1,627,000 | -1,677,000 | -1,491,000 | -918,000 | -918,000 | -920,000 | -572,000 | -521,000 | -521,000 | -529,000 | -448,000 | -381,000 | -382,000 | -388,000 | -345,000 | -332,000 | -331,000 | -339,000 | -311,000 | -301,000 | -300,000 | -300,000 | -300,000 | -261,000 | -276,000 | -279,000 | -318,000 | -361,000 | -361,000 | -632,000 | |||
distributions paid to preferred unitholders | -90,000 | -90,000 | -90,000 | -90,000 | -381,000 | -517,000 | -497,000 | -535,000 | -797,000 | -806,000 | -798,000 | -806,000 | -798,000 | -805,000 | -798,000 | -798,000 | -723,000 | -708,000 | -708,000 | -708,000 | -708,000 | -708,000 | -708,000 | -707,000 | -423,000 | -300,000 | -300,000 | ||||||||||||||||||||||||
repurchase of common stock under stock repurchase programs | -200,110,000 | -100,048,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common shares to satisfy employee tax withholding requirements | -2,095,000 | -73,000 | -51,000 | -70,000 | -1,636,000 | -24,000 | -88,000 | -53,000 | -1,989,000 | -23,000 | -103,000 | -40,000 | -1,748,000 | -18,000 | -113,000 | -10,000 | -2,015,000 | -25,000 | -38,000 | -10,000 | -1,355,000 | -24,000 | -18,000 | -29,000 | -1,207,000 | -23,000 | -15,000 | -25,000 | -791,000 | -21,000 | -30,000 | -125,000 | -418,000 | -770,000 | -394,000 | -127,000 | -277,000 | ||||||||||||||
net cash from financing activities | -314,937,000 | -206,707,000 | -358,405,000 | -117,310,000 | 375,205,000 | 174,710,000 | -18,589,000 | -100,079,000 | 1,323,542,000 | 237,855,000 | 215,185,000 | -86,927,000 | 879,443,000 | 326,276,000 | 910,381,000 | 492,770,000 | 384,876,000 | 492,320,000 | 821,256,000 | 151,721,000 | 82,482,000 | 620,596,000 | -32,122,000 | 264,455,000 | 50,266,000 | 106,592,000 | 209,395,000 | 190,267,000 | 225,230,000 | 113,587,000 | 33,690,000 | 398,358,000 | 32,534,000 | 90,383,000 | 275,736,000 | 154,721,000 | 755,000 | -3,045,000 | 77,150,000 | 222,962,000 | 18,039,000 | 31,310,000 | 19,337,000 | 78,415,000 | 81,868,000 | 118,261,000 | 141,133,000 | 14,424,000 | -9,712,000 | ||
increase in cash, cash equivalents and restricted cash | -114,064,000 | -148,642,000 | -246,768,000 | 6,504,000 | 498,713,000 | -5,865,000 | -63,874,000 | -211,250,000 | 303,516,000 | -49,824,000 | -53,014,000 | -133,575,000 | 233,071,000 | -355,000 | 2,824,000 | -14,527,000 | 4,846,000 | -16,206,000 | -4,041,000 | -59,735,000 | -53,543,000 | -108,483,000 | 31,566,000 | 141,962,000 | 33,621,000 | -118,651,000 | 14,244,000 | -93,311,000 | 95,974,000 | -3,303,000 | 21,200,000 | -5,095,000 | 2,688,000 | ||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 165,778,000 | 0 | 0 | 55,971,000 | 33,444,000 | 0 | 0 | 0 | 36,786,000 | 0 | 0 | 0 | 43,998,000 | 0 | 0 | 0 | 177,523,000 | 0 | 0 | 0 | 78,857,000 | 0 | 0 | 0 | 180,601,000 | 0 | 0 | 0 | 6,870,000 | 0 | 15,525,000 | ||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | 51,714,000 | -246,768,000 | 6,504,000 | 554,684,000 | 336,960,000 | -49,824,000 | -53,014,000 | -133,575,000 | 269,857,000 | -355,000 | 2,824,000 | -14,527,000 | 48,844,000 | -16,206,000 | -4,041,000 | -59,735,000 | 123,980,000 | -108,483,000 | 31,566,000 | 141,962,000 | 112,478,000 | -118,651,000 | 14,244,000 | -93,311,000 | 276,575,000 | -3,303,000 | 21,200,000 | 142,868,000 | 19,836,000 | -5,095,000 | 18,213,000 | ||||||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 33,130,000 | 12,824,000 | 32,108,000 | 15,029,000 | 35,095,000 | 14,866,000 | 33,278,000 | 14,994,000 | 11,049,000 | 14,791,000 | 12,918,000 | 13,601,000 | 13,307,000 | 11,481,000 | 14,848,000 | 6,924,000 | 11,558,000 | 6,827,000 | 8,034,000 | 9,242,000 | 8,876,000 | 4,974,000 | 9,049,000 | 5,216,000 | 8,685,000 | 4,909,000 | 6,701,000 | 4,944,000 | 6,940,000 | 5,314,000 | 7,118,000 | 4,696,000 | 6,663,000 | 6,032,000 | 3,125,000 | 4,948,000 | 4,721,000 | 2,546,000 | 3,858,000 | 1,484,000 | 575,000 | 2,622,000 | |||||||||
supplemental disclosure of noncash transactions: | |||||||||||||||||||||||||||||||||||||||||||||||||||
accrual for capital expenditures | 31,276,000 | -6,665,000 | -6,721,000 | 3,393,000 | 48,549,000 | -162,000 | -5,919,000 | 20,587,000 | 54,239,000 | 2,095,000 | 14,272,000 | 13,823,000 | 25,154,000 | 3,015,000 | 9,639,000 | 2,793,000 | 13,627,000 | -1,031,000 | 4,816,000 | 1,391,000 | 10,524,000 | 4,322,000 | -950,000 | 1,200,000 | 7,239,000 | 2,243,000 | 943,000 | -2,260,000 | 5,481,000 | ||||||||||||||||||||||
accrual of dividends and distributions | 102,418,000 | -514,000 | -1,681,000 | 309,000 | 105,285,000 | 2,535,000 | 706,000 | 226,000 | 94,356,000 | 2,310,000 | 2,053,000 | 0 | 79,370,000 | 2,107,000 | 3,626,000 | 2,185,000 | 54,115,000 | 2,173,000 | 3,289,000 | 868,000 | 33,813,000 | 2,215,000 | 0 | ||||||||||||||||||||||||||||
amortization of net (below) above market lease intangibles and other deferred rent on certain below-market leases | |||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of right-of-use asset | 0 | 0 | 0 | 188,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loss on debt extinguishment | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
payments for termination/settlement of interest rate derivatives | 0 | 0 | 0 | -161,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
acquisition of investments in real estate | -208,454,000 | -60,644,000 | -168,864,000 | -1,068,031,000 | -190,311,000 | -310,612,000 | -76,905,000 | -734,257,000 | -355,123,000 | -980,825,000 | -547,472,000 | -445,010,000 | -541,508,000 | -904,086,000 | -253,758,000 | -159,061,000 | -740,553,000 | -70,182,000 | -71,449,000 | -46,503,000 | -258,502,000 | -225,902,000 | -313,725,000 | -145,253,000 | -130,660,000 | -33,779,000 | -277,010,000 | -52,753,000 | -132,253,000 | -291,661,000 | -223,348,000 | -17,099,000 | -59,344,000 | -80,146,000 | -203,842,000 | -24,289,000 | -57,499,000 | -58,766,000 | -46,705,000 | -135,190,000 | -74,185,000 | -141,948,000 | -32,339,000 | ||||||||
issuance of loan receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||
return of (payment for) deposits on real estate acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt issuance costs | -20,000 | -34,000 | 0 | -628,000 | |||||||||||||||||||||||||||||||||||||||||||||||
redemption of private reit preferred units | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets obtained in exchange for lease liabilities | 0 | 0 | 0 | 0 | 0 | 6,363,000 | |||||||||||||||||||||||||||||||||||||||||||||
return of deposits on real estate acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||
payments for deposits on real estate acquisitions | -5,850,000 | -5,075,000 | -3,625,000 | 10,275,000 | -3,200,000 | -14,650,000 | -4,465,000 | -10,075,000 | -58,084,000 | -1,028,000 | -10,475,000 | ||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 38,000 | 0 | 0 | -47,000 | 0 | 0 | 22,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization of discount (premium) on notes payable | 1,534,000 | 1,511,000 | 1,491,000 | 293,000 | 214,000 | 205,000 | 203,000 | 66,000 | 64,000 | 63,000 | 62,000 | 61,000 | 1,000 | 1,000 | 2,000 | 1,000 | |||||||||||||||||||||||||||||||||||
equity based compensation expense | 11,539,000 | 9,918,000 | 11,057,000 | 9,088,000 | 9,338,000 | 8,166,000 | 7,956,000 | 8,178,000 | 9,716,000 | 6,316,000 | 6,342,000 | 6,052,000 | 6,276,000 | 4,506,000 | 4,463,000 | 4,261,000 | 2,490,000 | 3,102,000 | 3,709,000 | 3,570,000 | 2,800,000 | 2,668,000 | 2,709,000 | 2,579,000 | 2,281,000 | 2,243,000 | 2,660,000 | 2,963,000 | 1,328,000 | 1,330,000 | 1,394,000 | 1,346,000 | 956,000 | 992,000 | 953,000 | 934,000 | 443,000 | 467,000 | 348,000 | 251,000 | 340,000 | 279,000 | 172,000 | 297,000 | |||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 0 | 0 | 5,201,000 | 0 | 0 | 8,606,000 | 0 | 0 | 0 | 8,997,000 | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | -5,865,000 | -63,874,000 | -39,738,000 | 26,086,000 | 22,775,000 | 6,402,000 | -4,905,000 | -37,553,000 | 47,541,000 | -51,935,000 | 51,269,000 | 2,928,000 | 6,344,000 | -20,552,000 | |||||||||||||||||||||||||||||||||||||
issuance of operating partnership units in connection with acquisition of real estate | 111,780,000 | 0 | 4,205,000 | 63,277,000 | |||||||||||||||||||||||||||||||||||||||||||||||
issuance of 3.0% cumulative redeemable convertible preferred units in connection with acquisition of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of private reit - preferred units | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
return of (payments for) deposits on real estate acquisitions | 1,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid rents | -10,739,000 | -12,348,000 | -5,266,000 | -2,619,000 | -2,489,000 | 3,150,000 | -482,000 | -2,126,000 | -1,389,000 | 1,041,000 | 1,034,000 | -1,742,000 | -97,000 | -193,000 | 2,722,000 | -1,200,000 | 355,000 | 591,000 | -1,097,000 | 160,000 | -142,000 | -8,000 | 171,000 | -817,000 | 407,000 | -15,000 | 13,000 | 1,346,000 | -643,000 | 376,000 | 70,000 | -214,000 | -681,000 | ||||||||||||||||||
debt issuance costs | -3,679,000 | 0 | 0 | -235,000 | -2,807,000 | -413,000 | -1,374,000 | 1,000 | -3,581,000 | -3,843,000 | 0 | -17,000 | -2,225,000 | 0 | 0 | 0 | -1,298,000 | -450,000 | -2,000 | -156,000 | -170,000 | -1,940,000 | |||||||||||||||||||||||||||||
payment for deposits on real estate acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of debt in connection with acquisition of real estate including loan premium | 13,166,000 | 0 | 0 | 3,346,000 | 16,505,000 | 0 | 2,926,000 | 45,833,000 | |||||||||||||||||||||||||||||||||||||||||||
amortization of (below) above market lease intangibles | -7,241,000 | -6,232,000 | -8,290,000 | -12,959,000 | -7,033,000 | -6,126,000 | -5,091,000 | -6,154,000 | -3,191,000 | -3,386,000 | -2,712,000 | -2,711,000 | -2,751,000 | -2,669,000 | -2,402,000 | -2,191,000 | -2,065,000 | -1,900,000 | -1,751,000 | -1,627,000 | -1,622,000 | -1,616,000 | -1,116,000 | -1,067,000 | -885,000 | -201,000 | -117,000 | ||||||||||||||||||||||||
issuance of op units in connection with acquisition of real estate | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of 3.00% cumulative redeemable convertible preferred units in connection with acquisition of real estate | 0 | 0 | 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
sales-type lease receivable | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of 4.0% cumulative redeemable convertible preferred units in connection with acquisition of real estate | 0 | 0 | 0 | 40,787,000 | |||||||||||||||||||||||||||||||||||||||||||||||
lease reclassification from operating lease to sales-type lease: | |||||||||||||||||||||||||||||||||||||||||||||||||||
investments in real estate | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deferred rent receivable | 0 | -1,039,000 | -612,000 | -365,000 | -594,000 | -227,000 | -395,000 | -184,000 | -68,000 | ||||||||||||||||||||||||||||||||||||||||||
acquired lease intangible assets | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale recognized due to lease classification | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate | 0 | 0 | -8,486,000 | -6,617,000 | -13,702,000 | -2,750,000 | -10,860,000 | 52,000 | -10,592,000 | -895,000 | -5,631,000 | 0 | -1,608,000 | -9,983,000 | -10,336,000 | 0 | -16,569,000 | -2,668,000 | 0 | 0 | -2,125,000 | ||||||||||||||||||||||||||||||
amortization of (premium) discount on notes payable | 60,000 | 23,000 | -28,000 | -29,000 | -47,000 | -66,000 | |||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred stock | -54,000 | -3,349,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets obtained in exchange for lease liabilities upon adoption of asc 842 on january 1, 2019 | 0 | 0 | 0 | 3,262,000 | |||||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets obtained in exchange for lease liabilities subsequent to january 1, 2019 | 0 | 0 | 0 | 3,457,000 | |||||||||||||||||||||||||||||||||||||||||||||||
issuance of 4.43937% cumulative redeemable convertible preferred units in connection with acquisition of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||
(payments for) return of deposits on real estate acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale recognized due to lease reclassification | |||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of payment for termination of cash flow swap | 410,000 | 410,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
repayment of notes payable | -319,000 | -175,241,000 | -205,000 | -175,000 | -50,000 | -41,000 | -39,000 | -35,040,000 | -38,000 | -38,000 | -37,000 | -243,234,000 | -68,232,000 | -55,321,000 | -184,263,000 | -78,263,000 | -124,971,000 | -300,000 | -233,000 | -62,602,000 | -116,088,000 | -99,310,000 | -10,164,000 | -116,098,000 | -5,123,000 | -137,981,000 | -75,000 | -4,062,000 | -290,770,000 | ||||||||||||||||||||||
payments for termination of cash flow swap | |||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of payments for termination of cash flow swap | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable | 0 | 100,000,000 | 0 | 0 | 342,000,000 | 59,000,000 | 60,000,000 | 287,000,000 | 130,000,000 | 135,000,000 | 0 | 0 | 120,000,000 | 143,000,000 | 138,500,000 | 37,000,000 | 23,500,000 | 92,500,000 | 38,000,000 | 146,500,000 | 24,500,000 | 25,416,000 | |||||||||||||||||||||||||||||
operating lease right-of-use assets obtained in exchange for lease liabilities subsequent to adoption of asc 842 | 0 | 339,000 | 1,014,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
amortization of discount on notes payable | -16,000 | 1,000 | 2,000 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accrual of dividends | 25,931,000 | 590,000 | 211,000 | 1,049,000 | 19,774,000 | 724,000 | 262,000 | 1,658,000 | 13,294,000 | 147,000 | 938,000 | 634,000 | 10,008,000 | 68,000 | 2,000 | 1,398,000 | 7,814,000 | 849,000 | 16,000 | 6,639,000 | |||||||||||||||||||||||||||||||
equity in income from unconsolidated real estate entities | 0 | 0 | 0 | -11,000 | -1,328,000 | ||||||||||||||||||||||||||||||||||||||||||||||
amortization of loan origination fees | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred interest income on notes receivable | 0 | 0 | 165,000 | -81,000 | -42,000 | ||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated real estate entities | 0 | 0 | 0 | 11,000 | 0 | 6,000 | 1,701,000 | 16,000 | 14,000 | 14,000 | |||||||||||||||||||||||||||||||||||||||||
principal repayments of notes receivable | 13,756,000 | 69,000 | 71,000 | 69,000 | 64,000 | 64,000 | 68,000 | -5,455,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from deposit on real estate sale | |||||||||||||||||||||||||||||||||||||||||||||||||||
debt extinguishment costs | 0 | 0 | 0 | -193,000 | |||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock in connection with liquidation of private reit | |||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of 4.43937% cumulative redeemable convertible preferred units in connection with property acquisition | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
provision for doubtful accounts | 383,000 | 289,000 | 177,000 | 294,000 | 393,000 | 190,000 | 221,000 | 198,000 | 234,000 | 326,000 | 303,000 | 182,000 | |||||||||||||||||||||||||||||||||||||||
payments for (proceeds from) deposits on real estate acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of stock | 212,800,000 | 244,420,000 | 51,132,000 | 316,734,000 | 57,371,000 | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of noncash investing and financing transactions: | |||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of loan costs | 266,000 | 263,000 | 264,000 | 221,000 | 200,000 | 209,000 | 209,000 | 206,000 | 205,000 | 144,000 | 129,000 | -564,000 | |||||||||||||||||||||||||||||||||||||||
issuance of notes receivable | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
increase in capital expenditure accrual | -1,517,000 | 2,445,000 | 198,000 | -1,045,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accretion of loan origination fees | 0 | -75,000 | -75,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
acquisition related deposits | 275,000 | 2,925,000 | -2,050,000 | -1,400,000 | 1,175,000 | -1,750,000 | -500,000 | 0 | 0 | -400,000 | 150,000 | -1,150,000 | 1,860,000 | -2,110,000 | 1,450,000 | 100,000 | -40,000 | -1,285,000 | |||||||||||||||||||||||||||||||||
principal repayments of note receivable | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 12,966,000 | -6,048,000 | -39,738,000 | 26,086,000 | 22,775,000 | 1,201,000 | |||||||||||||||||||||||||||||||||||||||||||||
accretion of discount on notes receivable | -38,000 | -71,000 | -69,000 | -68,000 | -66,000 | -65,000 | -64,000 | 61,000 | |||||||||||||||||||||||||||||||||||||||||||
gain from early repayment of notes receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of premium on notes payable | -38,000 | -37,000 | -36,000 | -58,000 | -60,000 | -60,000 | -59,000 | -59,000 | -33,000 | -33,000 | -92,000 | -82,000 | -81,000 | -35,000 | -11,000 | ||||||||||||||||||||||||||||||||||||
disposition related deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of operating partnership units | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for interest | |||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of loan in connection with acquisition of real estate including loan premium | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditure accruals | 557,000 | -704,000 | 878,000 | 1,485,000 | -1,602,000 | 1,608,000 | -346,000 | 1,624,000 | -12,000 | 464,000 | 1,028,000 | ||||||||||||||||||||||||||||||||||||||||
accrual of offering costs | 313,000 | -69,000 | -158,000 | 268,000 | |||||||||||||||||||||||||||||||||||||||||||||||
equity in loss from unconsolidated real estate entities | |||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization included in discontinued operations | 0 | 0 | 0 | 7,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of real estate | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate included in discontinued operations | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to unconsolidated real estate entities | 0 | 0 | 0 | -105,000 | |||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | 307,000 | 72,000 | -27,000 | -27,000 | |||||||||||||||||||||||||||||||||||||||||||||||
deferred loan costs | -1,000 | 0 | -972,000 | -952,000 | -732,000 | 0 | -64,000 | 0 | -3,000 | -1,865,000 | -8,000 | -902,000 | |||||||||||||||||||||||||||||||||||||||
amortization of above (below) market lease intangibles | -39,000 | 60,000 | -4,000 | 69,000 | 46,000 | 39,000 | 115,000 | 151,000 | 73,000 | 81,000 | |||||||||||||||||||||||||||||||||||||||||
accretion of loan origination fee | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain from early repayment of note receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||
offering costs | -3,106,000 | -156,000 | -517,000 | -7,400,000 | 0 | -6,000 | |||||||||||||||||||||||||||||||||||||||||||||
repurchase of common shares | -297,000 | -89,000 | -115,000 | -81,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of real estate placed in qualified intermediary account | |||||||||||||||||||||||||||||||||||||||||||||||||||
equity in income of unconsolidated real estate entities | -61,000 | -1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
statement of operations data: | |||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues from continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||
per share data: | |||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding - basic and diluted | |||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations available to common stockholders | |||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders | |||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per common share | |||||||||||||||||||||||||||||||||||||||||||||||||||
balance sheet data | |||||||||||||||||||||||||||||||||||||||||||||||||||
total real estate held for investment, before accumulated depreciation | |||||||||||||||||||||||||||||||||||||||||||||||||||
total real estate held for investment, after accumulated depreciation | |||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | |||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | |||||||||||||||||||||||||||||||||||||||||||||||||||
other data: | |||||||||||||||||||||||||||||||||||||||||||||||||||
funds from operations | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash flow from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash flow used in investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash flow from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||
total number of in-service properties | |||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss of unconsolidated real estate entities | -45,000 | -2,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
disposition of investment in real estate | 0 | 1,620,000 | 0 | 13,790,000 | |||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and equivalents | -37,553,000 | 38,935,000 | 51,269,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
leasing commissions | -492,000 | -489,000 | -994,000 | -543,000 | -336,000 | 382,000 | |||||||||||||||||||||||||||||||||||||||||||||
prepaid rent | -405,000 | -293,000 | 141,000 | -123,000 | -1,014,000 | 78,000 | |||||||||||||||||||||||||||||||||||||||||||||
assumption of loan in connection with acquisition of real estate | 5,401,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (income) loss of unconsolidated real estate entities | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain on mark-to-market interest rate swaps | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred interest expense | |||||||||||||||||||||||||||||||||||||||||||||||||||
consolidation of la jolla sorrento | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from private placement | |||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid offering costs | |||||||||||||||||||||||||||||||||||||||||||||||||||
capital contributions from predecessor members | |||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to predecessor members | |||||||||||||||||||||||||||||||||||||||||||||||||||
reimbursements due to predecessor members | |||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to predecessor members related to formation transactions | |||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of interests from unaccredited investors | |||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to predecessor members related to the accommodation | |||||||||||||||||||||||||||||||||||||||||||||||||||
contribution of rexford sponsor v llc and rexford industrial fund v reit, llc: | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate and acquired intangibles | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated real estate entities | |||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||
predecessor equity and noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of tenant-in-common interest in la jolla sorrento and consolidation of property previously accounted for under the equity method of accounting: | |||||||||||||||||||||||||||||||||||||||||||||||||||
investments in real estate and acquired intangibles | |||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid in capital | |||||||||||||||||||||||||||||||||||||||||||||||||||
rexford industrial realty, inc. predecessor | |||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||
distributions due to predecessor members related to formation transactions | |||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (earnings) loss of unconsolidated real estate entities | -45,000 | -1,008,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -2,653,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net loss from continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | |||||||||||||||||||||||||||||||||||||||||||||||||||
net loss from continuing operations available to common stockholders | |||||||||||||||||||||||||||||||||||||||||||||||||||
net loss available to common stockholders | |||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of above market lease intangibles | -90,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of investment in real estate | 59,408,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
contribution of rexford sponsor v llc and rexford industrial fund v, reit llc: | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate and acquisition related intangibles | |||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of the 30% tenant-in-common interest and subsequent consolidation of la jolla sorrento property: | |||||||||||||||||||||||||||||||||||||||||||||||||||
rexford industrial realty, inc. noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||
capital contributions | |||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to members | |||||||||||||||||||||||||||||||||||||||||||||||||||
reimbursements due to members | |||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents |
