Rexford Industrial Realty (NYSE: REXR) reported third-quarter 2026 net income attributable to common stockholders of $14.6 million, or $0.07 per diluted share, compared with $87.1 million, or $0.37 per diluted share, a year earlier. Total revenue was $239.1 million, versus $253.2 million in the prior-year quarter.
The company raised its 2026 Core FFO per diluted share guidance to $2.41 to $2.44. During the quarter, Rexford sold 25 properties for $1.3 billion and repaid $485.0 million of debt.
- Same Property Portfolio NOI decreased 2.6% year over year, while Cash NOI decreased 1.1%.
- Same Property Portfolio ending occupancy was 96.9% as of September 30, 2026.
- Rexford executed 3.7 million square feet of new and renewal leases.
- The company repurchased 10.9 million common shares for $408.7 million, including repurchases completed after quarter-end.
- Total liquidity was approximately $1.7 billion at quarter-end, including $423.6 million of unrestricted cash.
