Rexford Industrial Realty Management

Management criteria checks 3/4

Rexford Industrial Realty's CEO is Howard Schwimmer, appointed in Jan 2013, has a tenure of 11.83 years. total yearly compensation is $13.85M, comprised of 7.2% salary and 92.8% bonuses, including company stock and options. directly owns 0.029% of the company’s shares, worth €2.68M. The average tenure of the management team and the board of directors is 8.7 years and 10.5 years respectively.

Key information

Howard Schwimmer

Chief executive officer

US$13.8m

Total compensation

CEO salary percentage	7.2%
CEO tenure	11.8yrs
CEO ownership	0.03%
Management average tenure	8.7yrs
Board average tenure	10.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Howard Schwimmer's remuneration changed compared to Rexford Industrial Realty's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$265m
Jun 30 2024	n/a	n/a	US$256m
Mar 31 2024	n/a	n/a	US$228m
Dec 31 2023	US$14m	US$1m	US$227m
Sep 30 2023	n/a	n/a	US$206m
Jun 30 2023	n/a	n/a	US$187m
Mar 31 2023	n/a	n/a	US$171m
Dec 31 2022	US$13m	US$825k	US$157m
Sep 30 2022	n/a	n/a	US$152m
Jun 30 2022	n/a	n/a	US$146m
Mar 31 2022	n/a	n/a	US$131m
Dec 31 2021	US$10m	US$750k	US$112m
Sep 30 2021	n/a	n/a	US$90m
Jun 30 2021	n/a	n/a	US$85m
Mar 31 2021	n/a	n/a	US$75m
Dec 31 2020	US$8m	US$675k	US$61m
Sep 30 2020	n/a	n/a	US$68m
Jun 30 2020	n/a	n/a	US$52m
Mar 31 2020	n/a	n/a	US$53m
Dec 31 2019	US$6m	US$594k	US$50m
Sep 30 2019	n/a	n/a	US$43m
Jun 30 2019	n/a	n/a	US$40m
Mar 31 2019	n/a	n/a	US$32m
Dec 31 2018	US$5m	US$550k	US$36m
Sep 30 2018	n/a	n/a	US$36m
Jun 30 2018	n/a	n/a	US$30m
Mar 31 2018	n/a	n/a	US$42m
Dec 31 2017	US$4m	US$550k	US$34m

Compensation vs Market: Howard's total compensation ($USD13.85M) is above average for companies of similar size in the German market ($USD4.86M).

Compensation vs Earnings: Howard's compensation has been consistent with company performance over the past year.

CEO

Howard Schwimmer (63 yo)

11.8yrs

Tenure

US$13,848,545

Compensation

Mr. Howard Schwimmer has been a Co-Chief Executive Officer of Rexford Industrial Realty, Inc. since January 18, 2013. Mr. Schwimmer has been a Co-Chief Executive Officer at Rexford Industrial Realty, L.P....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Howard Schwimmer	Co-CEO & Director	11.8yrs	US$13.85m	0.029% € 2.7m
Michael Frankel	Co-CEO & Director	11.8yrs	US$13.85m	no data
Laura Clark	Chief Operating Officer	no data	US$5.37m	0% € 0
David Lanzer	General Counsel & Secretary	8.7yrs	US$3.44m	no data
Michael Fitzmaurice	Chief Financial Officer	no data	no data	0.0058% € 538.2k
Bruce Herbkersman	Senior VP	no data	no data	no data
Carlos Serra	Executive Vice President of Development & Construction	5.3yrs	no data	no data
Víctor Ramírez	Controller	no data	no data	no data
Cher Riban	Assistant Controller	13.1yrs	no data	no data

8.7yrs

Average Tenure

51yo

Average Age

Experienced Management: 3I0's management team is seasoned and experienced (8.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Howard Schwimmer	Co-CEO & Director	11.8yrs	US$13.85m	0.029% € 2.7m
Michael Frankel	Co-CEO & Director	11.8yrs	US$13.85m	no data
Robert Antin	Independent Director	11.3yrs	US$270.00k	0.021% € 2.0m
Richard Ziman	Chairman of the Board	11.8yrs	US$325.00k	0.019% € 1.8m
Tyler Rose	Lead Independent Director	9.8yrs	US$300.00k	0.012% € 1.1m
Debra Morris	Independent Director	3.9yrs	US$290.00k	0.0050% € 465.8k
Angela Kleiman	Independent Director	2.9yrs	US$280.00k	0.0041% € 382.3k
Diana Ingram	Independent Director	6.6yrs	US$285.00k	0.0080% € 745.1k

10.5yrs

Average Tenure

64yo

Average Age

Experienced Board: 3I0's board of directors are seasoned and experienced ( 10.5 years average tenure).

Rexford Industrial Realty Management

Management criteria checks 3/4

Key information

Recent management updates

Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. Announces Chief Financial Officer Changes

Rexford Industrial Realty, Inc. Plans to Elevate Laura Clark from Chief Financial Officer to Chief Operating Officer

General Counsel & Secretary recently sold €886k worth of stock

Insufficient new directors

Co-CEO & Director recently sold €1.8m worth of stock

Co-CEO & Director recently sold €975k worth of stock

Recent updates

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

New minor risk - Dividend sustainability

Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. Announces Chief Financial Officer Changes

Dividend of US$0.42 announced

Rexford Industrial Realty, Inc. Updates Earnings Guidance for the Year 2024

Third quarter 2024 earnings released: EPS: US$0.30 (vs US$0.27 in 3Q 2023)

Rexford Industrial Realty, Inc. (NYSE:REXR) acquired 12900 Alondra Boulevard, Cerritos, in Los Angeles for $19.2 million.

Upcoming dividend of US$0.42 per share

Rexford Industrial Realty, Inc. to Report Q3, 2024 Results on Oct 16, 2024

Dividend of US$0.42 announced

Second quarter 2024 earnings released: EPS: US$0.37 (vs US$0.26 in 2Q 2023)

Rexford Industrial Realty, Inc. to Report Q2, 2024 Results on Jul 17, 2024

Upcoming dividend of US$0.42 per share

Rexford Industrial Realty, Inc. Plans to Elevate Laura Clark from Chief Financial Officer to Chief Operating Officer

Rexford Industrial Realty, Inc. (NYSE:REXR) acquired 278,572 square foot industrial building located at North Orange Country for $94.2 million.

Dividend of US$0.42 announced

Rexford Industrial Realty, Inc Authorizes Quarterly Dividend, Payable on July 15, 2024

First quarter 2024 earnings released: EPS: US$0.29 (vs US$0.30 in 1Q 2023)

Rexford Industrial Realty, Inc Authorizes Quarterly Dividend, Payable on July 15, 2024

Rexford Industrial Realty, Inc. (NYSE:REXR) completed the acquisition of Industrial Assets in infill submarkets in Los Angeles and Orange counties from Blackstone Real Estate Partners, managed by Blackstone Real Estate Advisors L.P.

Rexford Industrial Realty, Inc. has completed a Follow-on Equity Offering in the amount of $840.927616 million.

Rexford Industrial Realty, Inc. has completed a Follow-on Equity Offering in the amount of $840.927616 million.

Rexford Industrial Realty, Inc. has filed a Follow-on Equity Offering in the amount of $840 million.

Rexford Industrial Realty, Inc. to Report Q1, 2024 Results on Apr 17, 2024

Upcoming dividend of US$0.42 per share

General Counsel & Secretary recently sold €886k worth of stock

Full year 2023 earnings released: FFO per share: US$2.3 (vs US$2.14 in FY 2022)

Third quarter dividend of US$0.42 announced

Rexford Industrial Realty, Inc. Announces Increase in Quarterly Common Stock Dividend, Payable on April 15, 2024

An undisclosed buyer acquired 3720-3750 W. Warner Avenue, Santa Ana for $11.3 million from Rexford Industrial Realty, Inc. (NYSE:REXR).

Insufficient new directors

Upcoming dividend of US$0.38 per share at 2.7% yield

Third quarter 2023 earnings released: EPS: US$0.27 (vs US$0.21 in 3Q 2022)

Rexford Industrial Realty, Inc. Updates Earnings Guidance for the Full Year 2023

Upcoming dividend of US$0.38 per share at 2.9% yield

Rexford Industrial Realty, Inc. to Report Q3, 2023 Results on Oct 18, 2023

Rexford Industrial Realty, Inc. (NYSE:REXR) acquired 14650 Hoover Street Westminster, CA for $23 million.

Rexford Industrial Realty, Inc. (NYSE:REXR) acquired 9400-9500 Santa Fe Springs for $210 million.

Rexford Industrial Realty, Inc. Updates Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.26 (vs US$0.22 in 2Q 2022)

Rexford Industrial Realty, Inc. to Report Q2, 2023 Results on Jul 19, 2023

Upcoming dividend of US$0.38 per share at 2.9% yield

Rexford Industrial Realty, Inc. has completed a Follow-on Equity Offering in the amount of $750.6 million.

Rexford Industrial Realty, Inc. has completed a Follow-on Equity Offering in the amount of $750.6 million.

Co-CEO & Director recently sold €1.8m worth of stock

First quarter 2023 earnings released: FFO per share: US$0.6 (vs US$0.57 in 1Q 2022)

Rexford Industrial Realty, Inc. has completed a Follow-on Equity Offering in the amount of $834.6 million.

Full year 2022 earnings released: EPS: US$0.92 (vs US$0.80 in FY 2021)

Rexford Industrial Realty, Inc. Provides Earnings Guidance for the Fiscal Year 2023

Rexford Industrial Realty, Inc. (NYSE : REXR) acquired 4500 Azusa Canyon located in the LA San Gabriel Valley for $40 million.

Rexford Industrial Realty, Inc. to Report Q4, 2022 Results on Feb 08, 2023

Upcoming dividend of US$0.32 per share

Rexford Industrial Realty, Inc. has completed a Follow-on Equity Offering in the amount of $644 million.

Third quarter 2022 earnings released: EPS: US$0.21 (vs US$0.23 in 3Q 2021)

Rexford Industrial Realty, Inc. Revises Earnings Guidance for the Full Year 2022

Rexford Industrial Realty, Inc. to Report Q3, 2022 Results on Oct 19, 2022

Upcoming dividend of US$0.32 per share

Rexford Industrial Realty, Inc. (NYSE:REXR) acquired 17909 and 17929 S. Susana Road, Rancho Dominguez, located within the LA, South Bay submarket for $26.1 million.

Co-CEO & Director recently sold €975k worth of stock

Co-CEO & Director recently sold €998k worth of stock

Second quarter 2022 earnings released: FFO: US$149.1m per share (vs US$0.46 in 2Q 2021)

Rexford Industrial Realty, Inc. (NYSE:REXR) acquired 6996 and 7044 Bandini Boulevard, Commerce, located within the LA – Central Submarket for $40.7 million.

Rexford Industrial Realty, Inc. to Report Q2, 2022 Results on Jul 20, 2022

Rexford Industrial Realty, Inc. (NYSE:REXR) acquired 29125 Avenue Paine, Valencia Located within the LA - Greater San Fernando Valley Submarket for $45 million.

CEO Compensation Analysis

CEO

Tenure