NYSE:REXRIndustrial REITs
Did Rexford’s (REXR) Bold Repurchase Plan and Leasing Surge Just Shift Its Investment Narrative?
Rexford Industrial Realty recently announced robust third-quarter leasing activity, a 30% jump in rental rates, higher portfolio occupancy, new property sales, and the launch of a US$500 million share repurchase program, replacing a prior US$300 million authorization.
The company also repurchased 2.7 million shares for US$100 million, repaid US$100 million in debt with cash on hand, and will participate in the Bank of America Securities 2025 Global Real Estate Conference on September 10,...