Rexford Industrial Realty, Inc. announced its financial and operating results for the third quarter ended September 30, 2026. Net income attributable to common stockholders was $14.6 million, or $0.07 per diluted share, compared to net income of $87.1 million, or $0.37 per diluted share, in the prior year quarter. The company reported its share of Core FFO of $0.60 per diluted share, which was consistent with the prior year quarter. Same Property Portfolio NOI decreased 2.6% and Same Property Portfolio Cash NOI decreased 1.1% compared to the prior year quarter.

During the third quarter of 2026, the company advanced its portfolio realignment by disposing of 25 properties totaling 5.5 million square feet for an aggregate sales price of $1.3 billion. This activity included a previously announced 22-property portfolio transaction for a total sales price of $1.2 billion. Additionally, the company repurchased 10.9 million shares of common stock for $408.7 million at a weighted average price of $37.59 per share, and repaid $485.0 million of debt using cash on hand.

Rexford Industrial Realty, Inc. updated its full year 2026 guidance. The company now expects its share of Core FFO per diluted share to be in the range of $2.41 to $2.44, compared to its previous guidance of $2.38 to $2.43. Net loss attributable to common stockholders per diluted share is now estimated to be in the range of ($1.55) to ($1.52), compared to the previous range of ($1.32) to ($1.27).

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