Quarterly ResultApr 28, 2026, 06:13 AM
REXR Q1 EPS $0.38, Net Income $91.2M; Repurchases $200.1M Stock
AI Summary
Rexford Industrial Realty, Inc. reported a significant increase in net income and EPS for Q1 2026, with net income attributable to common stockholders rising to $87.9 million, or $0.38 per share. This was achieved despite a slight decrease in total revenues to $245.1 million. The company also repurchased $200.1 million of common stock and generated $59.7 million in net cash from investing activities, a substantial improvement from the prior year.
Key Highlights
- REXR Q1 Net Income attributable to common stockholders $87.9M, up from $68.3M YoY.
- Diluted EPS $0.38, up from $0.30 in Q1 2025.
- Total revenues $245.1M, down from $252.3M YoY.
- Repurchased $200.1M of common stock during the quarter.
- Net cash provided by investing activities was $59.7M, vs. $(29.0M) used in Q1 2025.
- Gains on sale of real estate increased to $26.3M from $13.2M YoY.
- Two properties classified as held for sale as of March 31, 2026.