REXR on NYSE
Rexford Industrial Realty
Industrial real estate firm in Southern California1
In its 2026 annual report the company says: “We are a self-administered and self-managed full-service REIT focused on owning, operating and acquiring industrial properties in Southern California infill markets. Through our controlling interest in our Operating Partnership and its subsidiaries, we acquire, own, improve, reposition, develop, lease and manage industrial real estate primarily located in Southern California infill markets, and from time to time, acquire or provide mortgage debt secured by industrial property.”6 Its shares trade on NYSE under the symbol REXR.1
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Last updated Oct 21, 2026.
Overview
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- TickerREXR on NYSE1
- IndustryReal Estate Investment Trusts1
- HeadquartersLutherville Timonium, United States1
- Websitewww.rexfordindustrial.com
- Incorporated inMD4
- Business address11620 Wilshire Boulevard, Suite 1000, Los Angeles, Ca 900254
- Filer categoryLarge accelerated filer4
- Legal formStock Corporation3
- LEI549300MSLO0DF0EMX3553
- StatusActive3
- LEI statusIssued and current3
- Registered addressC/O THE CORPORATION TRUST, INCORPORATED, 21093-2264 Lutherville Timonium, United States3
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D150375753
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We are a self-administered and self-managed full-service REIT focused on owning, operating and acquiring industrial properties in Southern California infill markets. Our goal is to generate attractive risk-adjusted returns for our stockholders by providing superior access to industrial property investments and mortgage debt investments secured by industrial property in high-barrier Southern California infill markets.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of operating cash went, fiscal 2025
- Dividends paid61¢$397.5M
- Share buybacks39¢$250.1M
Out of $542.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.7
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental income | $980.4M | $922.1M | $791.4M |
| Management and leasing services | $589.0K | $611.0K | $682.0K |
| Interest income | $22.2M | $13.7M | $5.8M |
| TOTAL REVENUES | $1.0B | $936.4M | $797.8M |
| Property expenses | $227.7M | $210.3M | $184.5M |
| General and administrative | $78.9M | $82.2M | $75.0M |
| Depreciation and amortization | $315.9M | $275.2M | $244.5M |
| TOTAL OPERATING EXPENSES | $622.5M | $567.7M | $504.0M |
| Other expenses | $72.6M | $2.2M | $1.8M |
| Interest expense | $104.9M | $98.6M | $61.4M |
| TOTAL OTHER EXPENSES | $177.5M | $100.8M | $63.2M |
| TOTAL EXPENSES | $800.0M | $668.5M | $567.2M |
| Impairment of real estate | -$89.1M | $0 | $0 |
| Debt extinguishment and modification expenses | -$291.0K | $0 | $0 |
| Gains on sale of real estate | $106.0M | $18.0M | $19.0M |
| NET INCOME | $219.8M | $285.9M | $249.6M |
| Less: net income attributable to noncontrolling interests | -$7.7M | -$12.1M | -$11.6M |
| NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC. | $212.0M | $273.8M | $238.0M |
| Less: preferred stock dividends | -$9.3M | -$9.3M | -$9.3M |
| Less: earnings allocated to participating securities | -$2.6M | -$1.7M | -$1.3M |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $200.2M | $262.9M | $227.4M |
| Net income attributable to common stockholders per share - basic (in dollars per share) | $0.86 | $1.20 | $1.12 |
| Net income attributable to common stockholders per share - diluted (in dollars per share) | $0.86 | $1.20 | $1.12 |
| Weighted average shares of common stock outstanding - basic (in shares) | 232.5M shares | 218.3M shares | 202.9M shares |
| Weighted average shares of common stock outstanding - diluted (in shares) | 232.6M shares | 218.5M shares | 203.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $7.7B | $7.8B | ||
| Buildings and improvements | $4.7B | $4.6B | ||
| Tenant improvements | $198.2M | $188.2M | ||
| Furniture, fixtures, and equipment | $132.0K | $132.0K | ||
| Construction in progress | $451.1M | $333.7M | ||
| Total real estate held for investment | $13.0B | $13.0B | $11.2B | $9.5B |
| Accumulated depreciation | -$1.2B | -$977.1M | ||
| Investments in real estate, net | $11.9B | $12.0B | ||
| Cash and cash equivalents | $165.8M | $56.0M | ||
| Loan receivable, net | $123.7M | $123.2M | ||
| Rents and other receivables, net | $14.0M | $15.8M | ||
| Deferred rent receivable, net | $190.4M | $161.7M | ||
| Deferred leasing costs, net | $87.7M | $67.8M | ||
| Deferred loan costs, net | $6.9M | $2.0M | ||
| Acquired lease intangible assets, net | $140.6M | $201.5M | ||
| Acquired indefinite-lived intangible asset | $5.2M | $5.2M | ||
| Interest rate swap assets | $2.0M | $8.9M | ||
| Other assets | $25.6M | $27.0M | ||
| Total Assets | $12.6B | $12.6B | ||
| Notes payable | $3.3B | $3.3B | ||
| Interest rate swap liability | $829.0K | $0 | ||
| Accounts payable, accrued expenses and other liabilities | $120.8M | $149.7M | ||
| Dividends and distributions payable | $103.4M | $97.8M | $83.7M | |
| Acquired lease intangible liabilities, net | $116.5M | $147.5M | ||
| Tenant security deposits | $92.4M | $90.7M | ||
| Tenant prepaid rents | $88.8M | $90.6M | ||
| Total Liabilities | $3.8B | $3.9B | ||
| Common Stock, $0.01 par value per share, 489,950,000 authorized and 231,580,135 and 225,285,011 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $2.3M | $2.3M | ||
| Additional paid-in capital | $8.9B | $8.6B | ||
| Cumulative distributions in excess of earnings | -$642.1M | -$441.9M | ||
| Accumulated other comprehensive (loss) income | -$422.0K | $6.7M | ||
| Total stockholders equity | $8.5B | $8.3B | ||
| Noncontrolling interests | $377.5M | $401.9M | ||
| Total Equity | $8.8B | $8.7B | $8.1B | $6.9B |
| Total Liabilities and Equity | $12.6B | $12.6B | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Shares authorized (shares) | 10.1M shares | 10.1M shares | ||
| Shares outstanding (shares) | 6.5M shares | 6.5M shares | ||
| Liquidation Preference | $161.2M | $161.2M | ||
| Common Stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (shares) | 489.9M shares | 489.9M shares | ||
| Common stock, shares outstanding (shares) | 231.6M shares | 225.3M shares | ||
| Common stock, shares issued (shares) | 231.6M shares | 225.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land | $7.7B | $7.8B | ||
| Buildings and improvements | $4.7B | $4.6B | ||
| Tenant improvements | $198.2M | $188.2M | ||
| Furniture, fixtures, and equipment | $132.0K | $132.0K | ||
| Construction in progress | $451.1M | $333.7M | ||
| Total real estate held for investment | $13.0B | $13.0B | $11.2B | $9.5B |
| Accumulated depreciation | -$1.2B | -$977.1M | ||
| Investments in real estate, net | $11.9B | $12.0B | ||
| Cash and cash equivalents | $165.8M | $56.0M | ||
| Loan receivable, net | $123.7M | $123.2M | ||
| Rents and other receivables, net | $14.0M | $15.8M | ||
| Deferred rent receivable, net | $190.4M | $161.7M | ||
| Deferred leasing costs, net | $87.7M | $67.8M | ||
| Deferred loan costs, net | $6.9M | $2.0M | ||
| Acquired lease intangible assets, net | $140.6M | $201.5M | ||
| Acquired indefinite-lived intangible asset | $5.2M | $5.2M | ||
| Interest rate swap assets | $2.0M | $8.9M | ||
| Other assets | $25.6M | $27.0M | ||
| Total Assets | $12.6B | $12.6B | ||
| Notes payable | $3.3B | $3.3B | ||
| Interest rate swap liability | $829.0K | $0 | ||
| Accounts payable, accrued expenses and other liabilities | $120.8M | $149.7M | ||
| Dividends and distributions payable | $103.4M | $97.8M | $83.7M | |
| Acquired lease intangible liabilities, net | $116.5M | $147.5M | ||
| Tenant security deposits | $92.4M | $90.7M | ||
| Tenant prepaid rents | $88.8M | $90.6M | ||
| Total Liabilities | $3.8B | $3.9B | ||
| Common Stock, $0.01 par value per share, 489,950,000 authorized and 231,580,135 and 225,285,011 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $2.3M | $2.3M | ||
| Additional paid-in capital | $8.9B | $8.6B | ||
| Cumulative distributions in excess of earnings | -$642.1M | -$441.9M | ||
| Accumulated other comprehensive (loss) income | -$422.0K | $6.7M | ||
| Total stockholders equity | $8.5B | $8.3B | ||
| Noncontrolling interests | $377.5M | $401.9M | ||
| Total Equity | $8.8B | $8.7B | $8.1B | $6.9B |
| Total Liabilities and Equity | $12.6B | $12.6B | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Shares authorized (shares) | 10.1M shares | 10.1M shares | ||
| Shares outstanding (shares) | 6.5M shares | 6.5M shares | ||
| Liquidation Preference | $161.2M | $161.2M | ||
| Common Stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (shares) | 489.9M shares | 489.9M shares | ||
| Common stock, shares outstanding (shares) | 231.6M shares | 225.3M shares | ||
| Common stock, shares issued (shares) | 231.6M shares | 225.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $219.8M | $285.9M | $249.6M |
| Depreciation and amortization | $315.9M | $275.2M | $244.5M |
| Amortization of net (below) above market lease intangibles and other deferred rent on certain below-market leases | -$24.4M | -$27.7M | -$29.9M |
| Accretion of net loan origination fees and costs | -$460.0K | -$460.0K | -$84.0K |
| Impairment of right-of-use asset | $0 | $0 | $188.0K |
| Loss on debt extinguishment | $200.0K | $0 | $0 |
| Impairment of real estate | $89.1M | $0 | $0 |
| Gains on sale of real estate | -$106.0M | -$18.0M | -$19.0M |
| Amortization of debt issuance costs | $5.1M | $4.8M | $3.9M |
| Amortization of discount/(premium) on notes payable, net | $6.4M | $4.8M | $688.0K |
| Share-based compensation | $100.5M | $41.6M | $33.6M |
| Straight-line rent | -$29.7M | -$38.4M | -$36.6M |
| Payments for termination/settlement of interest rate derivatives | $0 | $0 | -$161.0K |
| Amortization related to termination/settlement of interest rate derivatives | $310.0K | $522.0K | $540.0K |
| Rents and other receivables | $1.9M | $2.3M | -$2.2M |
| Deferred leasing costs | -$34.0M | -$28.9M | -$25.8M |
| Other assets | $249.0K | $801.0K | -$1.1M |
| Accounts payable, accrued expenses and other liabilities | -$7.6M | $8.9M | $4.7M |
| Tenant security deposits | $2.8M | -$3.1M | $3.5M |
| Tenant prepaid rents | $2.1M | -$29.4M | $1.3M |
| Net cash provided by operating activities | $542.1M | $478.9M | $427.5M |
| Acquisition of investments in real estate | $0 | -$1.5B | -$1.3B |
| Issuance of loan receivable, net | $0 | $0 | -$122.7M |
| Capital expenditures | -$333.4M | -$373.4M | -$266.6M |
| Return of (payment for) deposits on real estate acquisitions, net | $0 | $2.1M | -$2.1M |
| Proceeds from sale of real estate | $208.4M | $41.3M | $27.0M |
| Net cash used in investing activities | -$125.1M | -$1.8B | -$1.7B |
| Issuance of common stock, net | $477.6M | $649.5M | $1.3B |
| Proceeds from borrowings | $0 | $1.1B | $646.9M |
| Repayment of borrowings | -$101.0M | -$13.4M | -$357.5M |
| Payment of debt issuance costs | -$9.4M | -$4.6M | -$3.0M |
| Redemption of private REIT preferred units | $0 | -$122.0K | $0 |
| Dividends paid to preferred stockholders | -$9.3M | -$9.3M | -$9.3M |
| Dividends paid to common stockholders | -$397.5M | -$354.2M | -$290.7M |
| Distributions paid to common unitholders | -$15.1M | -$13.7M | -$11.5M |
| Distributions paid to preferred unitholders | -$651.0K | -$2.3M | -$3.2M |
| Repurchase of common stock under stock repurchase programs | -$250.1M | $0 | $0 |
| Repurchase of common shares to satisfy employee tax withholding requirements | -$1.8M | -$2.2M | -$1.9M |
| Net cash (used in) provided by financing activities | -$307.2M | $1.4B | $1.2B |
| Increase (decrease) in cash, cash equivalents and restricted cash | $109.8M | $22.5M | -$3.3M |
| Cash paid for interest (net of capitalized interest of $35,335, $31,363 and $23,611 for the years December 31, 2025, 2024 and 2023, respectively) | $95.1M | $74.2M | $54.6M |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | $0 | $2.1M | $0 |
| Accrual for capital expenditures | $38.6M | $68.7M | $55.3M |
| Interest costs capitalized | $35.3M | $31.4M | $23.6M |
No quarter-by-quarter statement was filed.
Corporate structure
Rexford Industrial Realty sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Rexford Industrial Realty
- Capital International Investors Filed SCHEDULE 13G/A on Rexford Industrial Realty, latest Aug 12, 2026 (3 filings since Nov 13, 2024)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SCHEDULE 13G/A on Rexford Industrial Realty, latest May 15, 2026 (6 filings since Feb 14, 2023)
- BlackRock Portfolio Management LLC Filed SCHEDULE 13G on Rexford Industrial Realty, latest May 4, 2026
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Rexford Industrial Realty, latest Apr 30, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Rexford Industrial Realty, latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Rexford Industrial Realty, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
- State Street Corporation Filed SCHEDULE 13G on Rexford Industrial Realty, latest Feb 9, 2026 (7 filings since Feb 6, 2023)
- BlackRock Filed SCHEDULE 13G/A on Rexford Industrial Realty, latest Apr 29, 2025 (5 filings since Jan 26, 2022)
- NexWave Capital Partners LLC Filed SCHEDULE 13G/A on Rexford Industrial Realty, latest Feb 13, 2025
- PRINCIPAL REAL ESTATE INVESTORS LLC Filed SC 13G/A on Rexford Industrial Realty, latest Nov 13, 2024 (4 filings since Feb 15, 2022)
- Tishman Capital Partners Managed Income Fund LLC Filed SC 13G/A on Rexford Industrial Realty, latest Feb 13, 2024 (2 filings since Feb 14, 2023)
- Wellington Management Company Filed SC 13G/A on Rexford Industrial Realty, latest Feb 4, 2022
- Rexford Industrial Realty Lutherville Timonium, Maryland, United States
- REXFORD INDUSTRIAL REALTY AND MANAGEMENT, INC. Subsidiary · California, United States
- REXFORD INDUSTRIAL REALTY, L.P. Subsidiary · Lutherville Timonium, Maryland, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Rexford Industrial Realty reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $7.7B7 Dec 31, 2025 | $7.8B7 Dec 31, 2024 | −1.7% |
| Operating-lease assets (leased space) | $6.8M7 Dec 31, 2025 | $7.9M7 Dec 31, 2024 | −13.9% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $11.9B7 Dec 31, 2025 | $12.0B7 Dec 31, 2024 | −1.1% |
| Real estate investments, at cost | $13.0B7 Dec 31, 2025 | $13.0B7 Dec 31, 2024 | +0.5% |
| Real estate accumulated depreciation | $1.2B7 Dec 31, 2025 | $977.1M7 Dec 31, 2024 | +19.3% |
| Real estate properties | 4197 Dec 31, 2025 | 42511 Dec 31, 2024 | −1.4% |
| Area of real estate | 51.2 million sq ft7 Dec 31, 2025 | 50.8 million sq ft11 Dec 31, 2024 | +0.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $165.8M7 Dec 31, 2025 | $56.0M7 Dec 31, 2024 | +196.2% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, net | $140.6M7 Dec 31, 2025 | $201.5M7 Dec 31, 2024 | −30.2% |
Properties, in its own words
As of December 31, 2025, our consolidated portfolio consisted of 419 wholly-owned properties located in Southern California infill markets totaling approximately 51.2 million rentable square feet.
Property Address · City · Number of Buildings · Asset Type · Year Built / Renovated(1) · Rentable Square Feet · Percentage of Rentable Square Feet(2) · Number of Leases · Occupancy · Annualized Base Rent(3) · Percentage of Total Annualized Base Rent(4) · Total Annualized Base Rent per Square Foot(5)
The rest of Item 2
Los Angeles – Greater San Fernando Valley
10635 Vanowen St. · Burbank · 1 · Warehouse / Light Manufacturing · 1977 · 31,037 · 0.1 · 3 · 65.9 · 436,219 · — · 21.32
2980 & 2990 N San Fernando Road · Burbank · 2 · Warehouse / Light Manufacturing · 1950 / 2004 · 130,800 · 0.3 · 1 · 100.0 · 2,171,071 · 0.3 · 16.60
901 W. Alameda Ave. · Burbank · 1 · Light Industrial / Office · 1969 / 2009 · 45,690 · 0.1 · 3 · 80.2 · 1,353,946 · 0.2 · 36.95
9120 Mason Ave. · Chatsworth · 1 · Warehouse / Distribution · 1967 / 1999 · 319,348 · 0.6 · 2 · 100.0 · 3,319,129 · 0.4 · 10.39
21040 Nordoff Street; 9035 Independence Avenue; 21019 - 21045 Osborne Street · Chatsworth · 7 · Warehouse / Distribution · 1979 / 1980 · 153,368 · 0.3 · 9 · 90.6 · 2,165,763 · 0.3 · 15.58
9171 Oso Avenue · Chatsworth · 1 · Warehouse / Light Manufacturing · 1980 · 65,560 · 0.1 · 1 · 100.0 · 983,400 · 0.1 · 15.00
9200 Mason Avenue · Chatsworth · 1 · Warehouse / Light Manufacturing · 1968 · 70,635 · 0.1 · 1 · 100.0 · 1,144,287 · 0.1 · 16.20
9230 Mason Avenue · Chatsworth · 1 · Warehouse / Distribution · 1974 · 54,000 · 0.1 · 1 · 100.0 · 777,600 · 0.1 · 14.40
9250 Mason Avenue · Chatsworth · 1 · Warehouse / Light Manufacturing · 1977 · 56,292 · 0.1 · 1 · 100.0 · 911,930 · 0.1 · 16.20
21415-21605 Plummer Street · Chatsworth · 2 · Light Industrial / Office · 1986 · 196,535 · 0.4 · 2 · 83.7 · 5,022,463 · 0.6 · 30.53
19900 Plummer Street · Chatsworth · 1 · Warehouse / Distribution · 1983 / 2025 · 79,539 · 0.2 · — · — · — · — · —
9140 Lurline Avenue · Chatsworth · 1 · Warehouse / Light Manufacturing · 1974 · 146,516 · 0.3 · 1 · 100.0 · 1,670,280 · 0.2 · 11.40
900-920 Allen Avenue · Glendale · 2 · Warehouse / Light Manufacturing · 1942 - 1995 · 68,630 · 0.1 · 2 · 100.0 · 1,251,311 · 0.1 · 18.23
3550 Tyburn St., 3332, 3334, 3360, 3368, 3370, 3378, 3380, 3410, 3424 N. San Fernando Rd. · Los Angeles · 8 · Warehouse / Distribution · 1966, 1992, 1993, 1994 · 474,475 · 0.9 · 25 · 96.4 · 9,153,283 · 1.1 · 20.01
3116 W. Avenue 32 · Los Angeles · 1 · Warehouse / Distribution · 1974 · 100,500 · 0.2 · 1 · 100.0 · 1,222,180 · 0.1 · 12.16
7900 Nelson Rd. · Los Angeles · 1 · Warehouse / Distribution · 1998 / 2015 · 202,905 · 0.4 · 3 · 100.0 · 3,637,692 · 0.4 · 17.93
3340 San Fernando Road · Los Angeles · — · Warehouse / Excess Land · n/a · — · — · — · — · — · — · —
2800 Casitas Avenue · Los Angeles · 1 · Warehouse / Light Manufacturing · 1999 / 2023 · 116,158 · 0.2 · 1 · 100.0 · 2,971,786 · 0.4 · 25.58
12154 Montague Street · Pacoima · 1 · Warehouse / Light Manufacturing · 1974 · 123,974 · 0.2 · 2 · 100.0 · 1,807,769 · 0.2 · 14.58
14200-14220 Arminta Street · Panorama · 1 · Warehouse / Light Manufacturing · 2006 · 200,003 · 0.4 · 1 · 100.0 · 2,944,797 · 0.4 · 14.72
7815 Van Nuys Blvd (6) · Panorama City · — · Development · 1960 · — · — · — · — · — · — · —
14350 Arminta Street · Panorama City · 1 · Warehouse / Light Manufacturing · 2006 · 18,147 · — · — · — · — · — · —
121-125 N. Vinedo Ave · Pasadena · 1 · Warehouse / Light Manufacturing · 1953, 1993 / 2024 · 48,520 · 0.1 · 1 · 100.0 · 1,269,283 · 0.2 · 26.16
Property Address · City · Number of Buildings · Asset Type · Year Built / Renovated(1) · Rentable Square Feet · Percentage of Rentable Square Feet(2) · Number of Leases · Occupancy · Annualized Base Rent(3) · Percentage of Total Annualized Base Rent(4) · Total Annualized Base Rent per Square Foot(5)
1050 Arroyo Ave. · San Fernando · 1 · Warehouse / Light Manufacturing · 1969 / 2012 · 76,993 · 0.2 · 2 · 100.0 · 824,376 · 0.1 · 10.71
605 8th Street · San Fernando · 1 · Warehouse / Distribution · 1991 / 2015, 2020 · 55,715 · 0.1 · 1 · 100.0 · 1,321,114 · 0.2 · 23.71
525 Park Avenue · San Fernando · 1 · Warehouse / Distribution · 2003 · 63,403 · 0.1 · 2 · 100.0 · 1,325,762 · 0.2 · 20.91
1145 Arroyo Avenue · San Fernando · 1 · Warehouse / Light Manufacturing · 1989 · 147,019 · 0.3 · 2 · 100.0 · 2,269,299 · 0.3 · 15.44
1150 Aviation Place · San Fernando · 1 · Warehouse / Light Manufacturing · 1989 · 147,000 · 0.3 · 1 · 100.0 · 3,760,848 · 0.5 · 25.58
1175 Aviation Place · San Fernando · 1 · Warehouse / Distribution · 1989 / 2025 · 92,455 · 0.2 · — · — · — · — · —
1245 Aviation Place · San Fernando · 1 · Warehouse / Distribution · 1989 · 132,936 · 0.3 · 1 · 100.0 · 3,105,725 · 0.4 · 23.36
635 8th Street · San Fernando · 1 · Warehouse / Distribution · 1989 · 72,250 · 0.1 · 2 · 100.0 · 1,261,943 · 0.1 · 17.47
24935 & 24955 Avenue Kearny · Santa Clarita · 2 · Warehouse / Distribution · 1988 · 138,980 · 0.3 · 1 · 49.8 · 771,502 · 0.1 · 11.15
25413 Rye Canyon Road · Santa Clarita · 1 · Warehouse / Light Manufacturing · 1981 · 48,158 · 0.1 · 1 · 39.8 · 344,480 · — · 17.95
24903 Avenue Kearny · Santa Clarita · 1 · Warehouse / Distribution · 1988 · 214,436 · 0.4 · 1 · 100.0 · 2,259,032 · 0.3 · 10.53
27712 & 27756 Avenue Mentry · Santa Clarita · 2 · Warehouse / Light Manufacturing · 1988 · 220,752 · 0.4 · 2 · 100.0 · 2,314,224 · 0.3 · 10.48
12838 Saticoy Street · North Hollywood · 1 · Warehouse / Excess Land · 1954 · 100,390 · 0.2 · 1 · 100.0 · 1,355,878 · 0.2 · 13.51
11128 Gault Street · North Hollywood · 1 · Warehouse / Light Manufacturing · 1970 · 30,488 · 0.1 · 2 · 100.0 · 786,477 · 0.1 · 25.80
11150 Gault Street · North Hollywood · 1 · Warehouse / Light Manufacturing · 1970 · 19,968 · — · 3 · 100.0 · 393,906 · — · 19.73
Item 2 of the 10-K filed Feb 11, 2026.6
Leadership
Who has led Rexford Industrial Realty, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerHoward Schwimmer Jul 18, 2013 to now15
- PresidentHoward Schwimmer Jul 18, 2013 to now15
- Chief financial officerMichael Fitzmaurice Nov 19, 2024 to now16
- Chief financial officerAdeel Khan Jul 18, 2013 to Mar 2, 202017
- Chief operating officerJohn Nahas Apr 10, 2026 to now18
Board members and other officers (15)
- OfficerHoward Schwimmer Dec 11, 2013 to Dec 11, 201319
- Board memberDavid P. Stockert Jan 5, 2026 to now20
- Board memberAngela L. Kleiman Jan 4, 2022 to now21
- Board memberDebra L. Morris Jan 5, 2021 to now22
- Board memberDiana J. Ingram Apr 27, 2018 to now23
- Board memberTyler H. Rose Feb 25, 2015 to now24
- Board memberPeter E. Schwab Mar 7, 2014 to Jun 22, 202125
- Board memberHoward Schwimmer Jul 18, 2013 to now15
- Board memberJoel S. Marcus Jul 18, 2013 to Jun 3, 201426
- Board memberLeslie E. Bider Jul 18, 2013 to Oct 30, 201327
- Board memberRichard S. Ziman Jul 18, 2013 to now28
- Board memberRobert L. Antin Jul 18, 2013 to now29
- Board memberSteven C. Good Jul 18, 2013 to May 28, 202030
- General counselDavid E. Lanzer Apr 6, 2016 to now31
- General counselJonathan Abrams Dec 2, 2013 to Apr 16, 201432
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Rexford Industrial, Inc.Mar 7, 2013 to Apr 17, 20134
Timeline
- Sep 17, 20268-K Completed an acquisition or sale; Regulation FD disclosure33
- Aug 18, 20268-K Entered a material agreement; Regulation FD disclosure34
- Jul 23, 20268-K Results of operations; Regulation FD disclosure35
- May 21, 20268-K Shareholder vote36
- Apr 23, 20268-K Results of operations; Code of ethics changed; Regulation FD disclosure37
- Feb 26, 20268-K Executive or director change; Regulation FD disclosure38
- Feb 4, 20268-K Results of operations; Regulation FD disclosure39
- Dec 22, 20258-K Executive or director change40
- Nov 25, 20258-K Executive or director change; Regulation FD disclosure41
- Nov 18, 20258-K Executive or director change; Regulation FD disclosure42
- Oct 15, 20258-K Results of operations; Regulation FD disclosure43
- Jul 23, 20258-K Other events44
- Jul 18, 2013New chief executive Howard Schwimmer becomes CEO15
- Jan 18, 2013Founded Rexford Industrial Realty is founded3
Calendar
Coming up
- Oct 22, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.60 a share, on Oct 15, 2025.45
When it reported results
- Jul 23, 2026Reported quarterly or annual results35
- Apr 23, 2026Reported quarterly or annual results37
- Feb 4, 2026Reported quarterly or annual results39
- Oct 15, 2025Reported quarterly or annual results43
- Jul 16, 2025Reported quarterly or annual results46
- Apr 16, 2025Reported quarterly or annual results47
- Feb 5, 2025Reported quarterly or annual results48
- Oct 16, 2024Reported quarterly or annual results49
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
292 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 55 major events, 134 insider forms, 37 large holders, 46 other. The latest 20:
- Sep 17, 20268-K EDGAR
- Aug 18, 20268-K EDGAR
- Aug 12, 2026SCHEDULE 13G/A EDGAR
- Jul 30, 2026S-8 EDGAR
- Jul 28, 202610-Q EDGAR
- Jul 23, 20268-K EDGAR
- Jul 2, 2026144 EDGAR
- Jun 16, 20264 EDGAR
- Jun 10, 2026144 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20268-K EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 14, 2026SCHEDULE 13G/A EDGAR
- May 4, 2026SCHEDULE 13G EDGAR
- Apr 30, 2026SCHEDULE 13G EDGAR
The 292 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
21 open-market trades by officers, directors and large owners since October 2021: 3 buys and 18 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 28, 2026 | Lanzer David E.General Counsel & Secretary | Sale | 33,299 | $35.47 | $1.2M | Form 4 |
| Mar 17, 2026 | Frankel Michael S.Director | Sale | 23,132 | $35.29 | $816.3K | Form 4 |
| Feb 27, 2026 | CLARK LAURA EChief Operating Officer | Buy | 5,310 | $37.73 | $200.3K | Form 4 |
| Feb 27, 2026 | Fitzmaurice MichaelChief Financial Officer | Buy | 2,650 | $37.55 | $99.5K | Form 4 |
| Feb 27, 2026 | STOCKERT DAVID PDirector | Buy | 5,000 | $37.39 | $186.9K | Form 4 |
| Dec 8, 2025 | Frankel Michael S.Director | Sale | 18,750 | $40.06 | $751.1K | Form 4 |
| Dec 4, 2025 | Frankel Michael S.Director | Sale | 20,318 | $41.61 | $845.4K | Form 4 |
| Dec 3, 2025 | Frankel Michael S.Director | Sale | 7,400 | $41.51 | $307.2K | Form 4 |
| Dec 2, 2025 | Frankel Michael S.Director | Sale | 10,650 | $41.50 | $442.0K | Form 4 |
| Jul 21, 2025 | Lanzer David E.General Counsel & Secretary | Sale | 26,449 | $36.87 | $975.2K | Form 4 |
| Sep 10, 2024 | CLARK LAURA EChief Operating Officer | Sale | 14,185 | $50.15 | $711.4K | Form 4 |
| Jul 26, 2024 | Schwimmer HowardDirector | Sale | 30,358 | $48.86 | $1.5M | Form 4 |
| Feb 12, 2024 | Lanzer David E.General Counsel & Secretary | Sale | 18,113 | $52.69 | $954.4K | Form 4 |
| Jul 28, 2023 | CLARK LAURA EChief Operating Officer | Sale | 7,410 | $54.48 | $403.7K | Form 4 |
| Apr 28, 2023 | Schwimmer HowardDirector | Sale | 35,505 | $55.94 | $2.0M | Form 4 |
| Mar 14, 2023 | Lanzer David E.General Counsel & Secretary | Sale | 16,778 | $58.16 | $975.8K | Form 4 |
| Aug 1, 2022 | Schwimmer HowardDirector | Sale | 15,350 | $65.27 | $1.0M | Form 4 |
| Jul 25, 2022 | Schwimmer HowardDirector | Sale | 16,402 | $62.15 | $1.0M | Form 4 |
| Jun 15, 2022 | Schwimmer HowardDirector | Sale | 16,500 | $59.90 | $988.4K | Form 4 |
| Feb 14, 2022 | Lanzer David E.General Counsel & Secretary | Sale | 11,814 | $70.04 | $827.5K | Form 4 |
All 21 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Capital International InvestorsSCHEDULE 13G/A, 3 filings Nov 13, 2024 to Aug 12, 202650
- PRICE T ROWE ASSOCIATES INC /MD/SCHEDULE 13G/A, 6 filings Feb 14, 2023 to May 15, 202651
- BlackRock Portfolio Management LLCSCHEDULE 13G, 1 filing May 4, 202652
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202653
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202654
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Mar 27, 202655
- State Street CorporationSCHEDULE 13G, 7 filings Feb 6, 2023 to Feb 9, 202656
- BlackRockSCHEDULE 13G/A, 5 filings Jan 26, 2022 to Apr 29, 202557
- NexWave Capital Partners LLCSCHEDULE 13G/A, 1 filing Feb 13, 202558
- PRINCIPAL REAL ESTATE INVESTORS LLCSC 13G/A, 4 filings Feb 15, 2022 to Nov 13, 202459
- Tishman Capital Partners Managed Income Fund LLCSC 13G/A, 2 filings Feb 14, 2023 to Feb 13, 202460
- Wellington Management CompanySC 13G/A, 1 filing Feb 4, 202261
- PGGM InvestmentsSC 13G, 1 filing Oct 12, 202162
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Howard SchwimmerFormer Co-CEO | 65 | $1.0M | $25.9M63 |
| 2025 | Michael S. FrankelFormer Co-CEO | 63 | $1.0M | $25.9M63 |
| 2025 | Laura ClarkChief Executive Officer | 46 | $700.0K | $9.5M63 |
| 2025 | Michael FitzmauriceChief Financial Officer | 47 | $600.0K | $4.2M63 |
| 2025 | David E. LanzerGeneral Counsel and Secretary | 53 | $565.0K | $3.3M63 |
| 2024 | Howard SchwimmerFormer Co-CEO | 65 | $1.0M | $13.1M63 |
| 2024 | Michael S. FrankelFormer Co-CEO | 63 | $1.0M | $13.1M63 |
| 2024 | Laura ClarkChief Executive Officer | 46 | $700.0K | $5.7M63 |
| 2024 | David E. LanzerGeneral Counsel and Secretary | 53 | $565.0K | $3.4M63 |
| 2024 | Michael FitzmauriceChief Financial Officer | 47 | $75.0K | $661.8K63 |
| 2023 | Howard SchwimmerFormer Co-CEO | 65 | $1.0M | $13.9M63 |
| 2023 | Michael S. FrankelFormer Co-CEO | 63 | $1.0M | $13.9M63 |
| 2023 | Laura ClarkChief Executive Officer | 46 | $650.0K | $5.4M63 |
| 2023 | David E. LanzerGeneral Counsel and Secretary | 53 | $525.0K | $3.4M63 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 38,602,017 | $1.3B | 0.0% | −16,892 |
| Vanguard Portfolio Management LLC | 19,593,447 | $656.4M | 0.0% | −254,691 |
| Capital International Investors | 11,689,069 | $391.7M | 0.1% | −2,779,973 |
| State Street Corp | 10,886,395 | $369.3M | 0.0% | −390,681 |
| Principal Financial Group Inc | 11,004,961 | $368.7M | 0.2% | −465,802 |
| Vanguard Capital Management LLC | 10,194,439 | $341.5M | 0.0% | −152,365 |
| Massachusetts Financial Services Co /ma/ | 6,415,162 | $223.1M | 0.1% | +1,193,137 |
| Geode Capital Management, LLC | 4,801,260 | $160.9M | 0.0% | −88,895 |
| Jpmorgan Chase & Co | 4,612,474 | $158.1M | 0.0% | +1,794,866 |
| Charles Schwab Investment Management Inc | 3,568,745 | $119.6M | 0.0% | +103,084 |
| Northern Trust Corp | 3,412,725 | $114.3M | 0.0% | +81,274 |
| Dimensional Fund Advisors LP | 3,307,189 | $110.8M | 0.0% | −274,798 |
| Lasalle Investment Management Securities LLC | 2,897,201 | $97.1M | 3.5% | +1,916,529 |
| Norges Bank | 2,732,602 | $91.5M | 0.0% | New |
| Centersquare Investment Management LLC | 2,728,032 | $91.4M | 0.8% | +255,108 |
| Legal & General Group Plc | 2,592,871 | $86.9M | 0.0% | −25,503 |
| Morgan Stanley | 2,502,984 | $83.9M | 0.0% | −47,866 |
| Royal London Asset Management Ltd | 2,411,477 | $80.8M | 0.1% | −5,648 |
| Bank Of America Corp /de/ | 2,374,523 | $79.5M | 0.0% | +220,462 |
| Citadel Advisors LLC | 2,318,740 | $77.7M | 0.0% | +683,859 |
| Sumitomo Mitsui Trust Group, Inc. | 2,090,881 | $70.0M | 0.0% | +834,986 |
| Wellington Management Group Llp | 2,082,135 | $69.8M | 0.0% | −649,490 |
| Jupiter Asset Management Ltd | 2,031,217 | $68.0M | 0.3% | +242,940 |
| Nuveen, LLC | 1,955,749 | $65.5M | 0.0% | −357,383 |
| GRS Advisors, LLC | 1,849,516 | $62.0M | 5.2% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Feb 26, 2025 | Daniel WebsterRepublican, House | Sale | $15,001 - $50,000 | +38.4% | Report |
| Jun 24, 2019 | Donna Shalala, House | Sale | $1,001 - $15,000 | +172.0% | Report |
| Apr 30, 2019 | Donna Shalala, House | Buy | $1,001 - $15,000 | −164.9% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Rexford Industrial Realty is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARRexford Industrial Realty, Inc.2
- CIK0001571283
- Employer ID (EIN)46-20244076
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
- Incorporated inMaryland6
- Fiscal year endsDecember 312
- Industry code (SIC)6798 Real Estate Investment Trusts2
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
- Business address11620 Wilshire Boulevard, Suite 1000, Los Angeles, CA 900252
- Phone310-966-16802
- Shares outstanding222,988,124 as of Jul 23, 202613
- Public float$8.4B as of Jun 30, 20256
- AuditorKPMG LLP, Los Angeles, California PCAOB ID 185; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceMar 7, 20132
- Filings832 in all: 4 (305), 8-K (197), SC 13G/A (54), 424B5 (44), 10-Q (40), SC 13G (27), 3 (19), 144 (16)2
All 39 form types
10-K (13), DEF 14A (13), 5 (8), 8-K/A (8), CORRESP (8), FWP (8), SCHEDULE 13G (7), SCHEDULE 13G/A (7), UPLOAD (7), ARS (5), EFFECT (5), 8-A12B (4), S-11/A (4), S-3 (4), S-3ASR (4), S-8 (4), 10-K/A (3), 10-Q/A (3), CERTNYS (3), 25-NSE (1), 4/A (1), 424B2 (1), 424B3 (1), 424B4 (1), CERT (1), DEFA14A (1), DRS (1), DRS/A (1), DRSLTR (1), PRE 14A (1), S-11 (1)
- Latest filingsAnnual report (10-K) Feb 11, 2026
Quarterly report (10-Q) Jul 28, 2026
Proxy statement (DEF 14A) Apr 8, 2026
Latest 8-K (8-K) Sep 17, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value | REXR | New York Stock Exchange |
| 5.875% Series B Cumulative Redeemable Preferred Stock | REXR-PB | New York Stock Exchange |
| 5.625% Series C Cumulative Redeemable Preferred Stock | REXR-PC | New York Stock Exchange |
From the cover page of the 10-K filed Feb 11, 2026 (Section 12(b) of the Exchange Act).6
Risk factors and legal proceedings
The risks Rexford Industrial Realty names in Item 1A of its 10-K filed Feb 11, 2026: 61 risks under these headings, as written.6
- Risks Related to Our Business and Operations
- Our portfolio of properties is concentrated in the industrial real estate sector, and our business would be adversely affected by an economic downturn in that sector.
- Our portfolio of properties is dependent upon regional and local economic conditions and is geographically concentrated in Southern California infill markets, which causes us to be especially susceptible to adverse developments in those markets.
- The impact from governmental emergency declarations with emergency powers, may impact our ability to collect rent and could adversely impact our business, financial condition, results of operations, cash flows, liquidity and ability to satisfy our debt service obligations.
- Our properties are concentrated in certain industries that make us susceptible to adverse events with respect to those industries.
- We may be unable to identify and complete acquisitions of properties that meet our criteria, which may impede our growth.
- Our acquisition activities may pose risks that could harm our business.
- We may be unable to source off-market or lightly marketed investment opportunities in the future.
- Our future acquisitions may not yield the returns we expect.
- We may not be able to control our operating costs or our expenses may remain constant or increase, even if our revenues do not increase, causing our results of operations to be adversely affected.
- Many of our costs, such as operating expenses and general and administrative expenses, interest expense and real estate acquisition and construction costs, could be adversely impacted by periods of heightened inflation and changes in U.S. trade policies.
- An increase in interest rates would increase our interest costs on variable rate debt and new debt and could adversely affect our ability to refinance existing debt, conduct repositioning, development, and acquisition activity, recycling of capital and leasing activity.
The other 50 risks
- The potential impacts of current and future climate change and governmental initiatives remain uncertain at this time but could result in increased operating costs.
- Adverse U.S. and global market, economic and political conditions, including the ongoing conflict between Ukraine and Russia, recent events in the Middle East and Venezuela and other events or circumstances beyond our control could have a material adverse effect on us.
- We may be unable to renew leases, lease vacant space or re-lease space as leases expire, or renewing existing leases may require significant concessions, inducements and/or capital expenditures.
- We face significant competition in the leasing market, which may decrease or hinder opportunities to increase the occupancy and rental rates of our properties.
- A substantial majority of the leases at our properties are with tenants who have non-investment grade credit ratings, which may result in our leasing to tenants that are more likely to default in their obligations than a tenant with an investment grade credit rating.
- We may acquire properties or portfolios of properties through tax-deferred contribution transactions, which could result in stockholder dilution and limit our ability to sell such assets.
- Our real estate development and repositioning activities are subject to risks.
- Potential losses, including from adverse weather conditions and natural disasters, such as earthquakes, may not be covered by insurance, and we may be unable to rebuild our existing properties in the event of a substantial or comprehensive loss of such properties.
- Joint venture investments could be adversely affected by our lack of sole decision-making authority, our reliance on co-venturers’ financial condition and disputes between us and our co-venturers.
- We face risks associated with security breaches through cyber-attacks, cyber intrusions or otherwise, as well as other significant disruptions of our information technology (“IT”) networks and related systems.
- Adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults, or
- non-performance by financial institutions, could adversely affect our business, financial condition or results of operations.
- Risks Related to Our Capital Structure
- Our growth depends on external sources of capital that are outside of our control and may not be available to us on commercially reasonable terms or at all.
- Some of our financing arrangements involve balloon payment obligations, which may adversely affect our financial condition and our ability to make distributions.
- Our debt level reduces cash available for distribution and may expose us to the risk of default under our debt obligations.
- Mortgage and other secured debt obligations expose us to the possibility of foreclosure, which could result in the loss of our investment in a property or group of properties subject to mortgage debt.
- Failure to hedge effectively against interest rate changes may adversely affect us.
- Our unsecured credit facility, unsecured notes and certain of our other secured loans contain, and any other future indebtedness we incur may contain, various covenants, including business activity restrictions, and the failure to comply with those covenants could materially adversely affect us.
- Risks Related to Investments in Real Estate and Real Estate-Related Debt
- Our performance and value are subject to risks associated with real estate assets and the real estate industry.
- Illiquidity of real estate investments and our ability to complete dispositions could adversely affect us.
- Declining real estate valuations and impairment charges could materially adversely affect us.
- Acquired properties may be located in new markets where we may face risks associated with investing in an unfamiliar market.
- We may choose not to distribute the proceeds of any sales of real estate to our stockholders, which may reduce the amount of our cash distributions to stockholders.
- If any of our insurance carriers becomes insolvent, we could be adversely affected.
- Our property taxes could increase due to property tax rate changes or reassessment, which could adversely impact our cash flows.
- We face certain risks in connection with Section 1031 Exchanges.
- We could incur significant costs related to government regulation and litigation over environmental matters.
- Our properties may contain lead based paint, contain or develop harmful mold or suffer from other air quality issues, which could lead to liability for adverse health effects and costs of remediation.
- We may incur significant costs complying with various federal, state and local laws, regulations and covenants that are applicable to our properties.
- The commercial loan that we originated is subject to the risk of delinquency and foreclosure, which could result in a significant loss to us and a material adverse effect on our results of operations.
- Risks Related to Our Organizational Structure
- Conflicts of interest may exist or could arise in the future between the interests of our stockholders and the interests of holders of common units, which may impede business decisions that could benefit our stockholders.
- Some of our directors and executive officers have outside business interests, including interests in real estate-related businesses, and, therefore, may have conflicts of interest with us.
- We could increase the number of authorized shares of stock, classify and reclassify unissued stock and issue stock without stockholder approval.
- Certain provisions of Maryland law could inhibit changes in control, which may discourage third parties from conducting a tender offer or seeking other change of control transactions that could involve a premium price for our common stock or that our stockholders otherwise believe to be in their best interest.
- Stockholder activism and related public campaigns could be disruptive and may adversely affect us.
- Certain provisions in the partnership agreement of our Operating Partnership may delay or prevent unsolicited acquisition of us.
- Tax Matters Agreements limit our ability to sell or otherwise dispose of certain properties, even though a sale or disposition may otherwise be in our stockholders’ best interest.
- Tax Matters Agreements may require our Operating Partnership to maintain certain debt levels that otherwise would not be required to operate our business.
- Our board of directors may change our investment and financing policies without stockholder approval and we may become more highly leveraged, which may increase our risk of default under our debt obligations.
- Our rights and the rights of our stockholders to take action against our directors and officers are limited.
- We are a holding company with no direct operations and, as such, we will rely on funds received from our Operating Partnership to pay liabilities, and the interests of our stockholders will be structurally subordinated to all liabilities and obligations of our Operating Partnership and its subsidiaries.
- Our Operating Partnership may issue additional common units to third parties without the consent of our stockholders, which would reduce our ownership percentage in our Operating Partnership and would have a dilutive effect on the amount of distributions made to us by our Operating Partnership and, therefore, the amount of distributions we can make to our stockholders.
- Risks Related to Our Status as a REIT
- Failure to maintain our qualification as a REIT would have significant adverse consequences to us and the per share trading price of our common stock.
- If our Operating Partnership failed to qualify as a partnership for federal income tax purposes, we would cease to qualify as a REIT and suffer other adverse consequences.
- Our taxable REIT subsidiaries will be subject to federal income tax, and we will be required to pay a 100% penalty tax on certain income or deductions if our transactions with our taxable REIT subsidiaries are not conducted on arm’s length terms.
- To maintain our REIT qualification, we may be forced to borrow funds during unfavorable market conditions.
- Dividends payable by REITs do not qualify for the reduced tax rates available for some dividends.
- The tax imposed on REITs engaging in “prohibited transactions” may limit our ability to engage in transactions which would be treated as sales for federal income tax purposes.
- Complying with REIT requirements may affect our profitability and may force us to liquidate or forgo otherwise attractive investments.
- Legislative or other actions affecting REITs could have a negative effect on us.
Legal proceedings
From time to time, we are party to various lawsuits, claims and legal proceedings that arise in the ordinary course of our business. We are not currently a party to any legal proceedings that we believe would reasonably be expected to have a material adverse effect on our business, financial condition or results of operations.
The opening of Item 3, Legal Proceedings.6
Links
- Websitewww.rexfordindustrial.com1
- WikidataQ106295069
- SEC EDGARCIK 1571283
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARAdeel Khan, Chief financial officer
- 18SEC EDGARJohn Nahas, Chief operating officer
- 19SEC EDGARHoward Schwimmer, Officer
- 20SEC EDGARDavid P. Stockert, Board member
- 21SEC EDGARAngela L. Kleiman, Board member
- 22SEC EDGARDebra L. Morris, Board member
- 23SEC EDGARDiana J. Ingram, Board member
- 24SEC EDGARTyler H. Rose, Board member
- 25SEC EDGARPeter E. Schwab, Board member
- 26SEC EDGARJoel S. Marcus, Board member
- 27SEC EDGARLeslie E. Bider, Board member
- 28SEC EDGARRichard S. Ziman, Board member
- 29SEC EDGARRobert L. Antin, Board member
- 30SEC EDGARSteven C. Good, Board member
- 31SEC EDGARDavid E. Lanzer, General counsel
- 32SEC EDGARJonathan Abrams, General counsel
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- 36SEC EDGARShareholder vote
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- 40SEC EDGARExecutive or director change
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- 44SEC EDGAROther events
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