NYSE:REXRIndustrial REITs
Strong Earnings and Dividend Reaffirmation Could Be a Game Changer for Rexford Industrial Realty (REXR)
Rexford Industrial Realty recently reported strong second quarter results, with revenue rising to US$249.51 million and net income reaching US$116.33 million, alongside the Board's reaffirmation of both common and preferred dividends scheduled for payment later in 2025.
Management emphasized continued capital recycling, redeploying proceeds from property dispositions into accretive acquisitions and redevelopment projects, while maintaining over US$1.8 billion of liquidity and a low leverage...