Rexford Industrial Realty Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Rexford Industrial Realty Inc reported revenue of $1.0B (+7.1% year on year) and net income of $219.8M (-23.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Rental income | $980.4M | $922.1M | $791.4M | $630.6M |
| Management and leasing services | $589.0K | $611.0K | $682.0K | $616.0K |
| Interest income | $22.2M | $13.7M | $5.8M | $10.0K |
| TOTAL REVENUES | $1.0B | $936.4M | $797.8M | $631.2M |
| Property expenses | $227.7M | $210.3M | $184.5M | $150.5M |
| General and administrative | $78.9M | $82.2M | $75.0M | $64.3M |
| Depreciation and amortization | $315.9M | $275.2M | $244.5M | $196.8M |
| TOTAL OPERATING EXPENSES | $622.5M | $567.7M | $504.0M | $411.6M |
| Other expenses | $72.6M | $2.2M | $1.8M | $1.6M |
| Interest expense | $104.9M | $98.6M | $61.4M | $48.5M |
| TOTAL OTHER EXPENSES | $177.5M | — | — | — |
| TOTAL EXPENSES | $800.0M | $668.5M | $567.2M | $461.6M |
| Impairment of real estate | ($89.1M) | — | — | — |
| Debt extinguishment and modification expenses | ($291.0K) | — | — | — |
| Gains on sale of real estate | $106.0M | $18.0M | $19.0M | $8.5M |
| NET INCOME | $219.8M | $285.9M | $249.6M | $177.2M |
| Less: net income attributable to noncontrolling interests | ($7.7M) | ($12.1M) | ($11.6M) | ($9.6M) |
| NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC. | $212.0M | $273.8M | $238.0M | $167.6M |
| Less: preferred stock dividends | ($9.3M) | ($9.3M) | ($9.3M) | ($9.3M) |
| Less: earnings allocated to participating securities | ($2.6M) | ($1.7M) | ($1.3M) | ($845.0K) |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $200.2M | $262.9M | $227.4M | $157.5M |
| Net income attributable to common stockholders per share - basic (in dollars per share) | $0.86 | $1.20 | $1.12 | $0.92 |
| Net income attributable to common stockholders per share - diluted (in dollars per share) | $0.86 | $1.20 | $1.12 | $0.92 |
| Weighted average shares of common stock outstanding - basic (in shares) | 232.5M | 218.3M | 202.9M | 170.5M |
| Weighted average shares of common stock outstanding - diluted (in shares) | 232.6M | 218.5M | 203.1M | 171.0M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Rental income | $243.0M | $242.1M | $246.8M | $241.6M |
| Management and leasing services | $0 | $0 | $118.0K | $132.0K |
| Interest income | $2.5M | $2.9M | $6.4M | $7.8M |
| TOTAL REVENUES | $245.5M | $245.1M | $253.2M | $249.5M |
| Property expenses | $56.2M | $56.8M | $57.9M | $55.3M |
| General and administrative | $13.7M | $14.9M | $20.0M | $19.8M |
| Depreciation and amortization | $73.5M | $72.9M | $81.2M | $71.2M |
| TOTAL OPERATING EXPENSES | $143.4M | $144.6M | $159.1M | $146.2M |
| Other income | $3.5M | $1.4M | — | — |
| Other expenses, net | $2.0M | — | — | — |
| Interest expense | ($28.6M) | ($26.6M) | $25.5M | $26.7M |
| Impairment of real estate | ($624.8M) | ($6.8M) | — | — |
| Gains on sale of real estate | $21.9M | $26.3M | $28.6M | $44.4M |
| Debt extinguishment and modification expenses | $0 | — | $0 | ($291.0K) |
| TOTAL OTHER (EXPENSES) INCOME | ($625.9M) | ($5.9M) | — | — |
| NET (LOSS) INCOME | ($523.8M) | $94.6M | $93.1M | $120.4M |
| Less: net loss (income) attributable to noncontrolling interests | $19.7M | ($3.4M) | ($3.1M) | ($4.1M) |
| NET (LOSS) INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC. | ($504.1M) | $91.2M | $89.9M | $116.3M |
| Less: preferred stock dividends | ($2.3M) | ($2.3M) | ($2.3M) | ($2.3M) |
| Less: earnings allocated to participating securities | ($441.0K) | ($1.0M) | ($519.0K) | ($592.0K) |
| NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | ($506.9M) | $87.9M | $87.1M | $113.4M |
| Net (loss) income attributable to common stockholders - basic (in dollars per share) | -$2.26 | $0.38 | $0.37 | $0.48 |
| Net (loss) income attributable to common stockholders - diluted (in dollars per share) | -$2.26 | $0.38 | $0.37 | $0.48 |
| Weighted average shares of common stock outstanding - basic (in shares) | 223.8M | 228.3M | 234.6M | 236.1M |
| Weighted average shares of common stock outstanding - diluted (in shares) | 223.8M | 228.3M | 234.6M | 236.1M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Land | $7.7B | $7.8B | $6.8B | $5.8B |
| Buildings and improvements | $4.7B | $4.6B | $3.9B | $3.4B |
| Tenant improvements | $198.2M | $188.2M | $167.3M | $147.6M |
| Furniture, fixtures, and equipment | $132.0K | $132.0K | $132.0K | $132.0K |
| Construction in progress | $451.1M | $333.7M | $240.0M | $110.9M |
| Total real estate held for investment | $13.0B | $13.0B | $11.2B | $9.5B |
| Accumulated depreciation | ($1.2B) | ($977.1M) | ($782.5M) | ($614.3M) |
| Investments in real estate, net | $11.9B | $12.0B | $10.4B | $8.9B |
| Cash and cash equivalents | $165.8M | $56.0M | $33.4M | $36.8M |
| Loan receivable, net | $123.7M | $123.2M | $122.8M | — |
| Rents and other receivables, net | $14.0M | $15.8M | $17.5M | $15.2M |
| Deferred rent receivable, net | $190.4M | $161.7M | $123.3M | $88.1M |
| Deferred leasing costs, net | $87.7M | $67.8M | $59.4M | $45.1M |
| Deferred loan costs, net | $6.9M | $2.0M | $3.4M | $4.8M |
| Acquired lease intangible assets, net | $140.6M | $201.5M | $153.7M | $170.0M |
| Acquired indefinite-lived intangible asset | $5.2M | $5.2M | $5.2M | $5.2M |
| Interest rate swap assets | $2.0M | $8.9M | $9.9M | $11.4M |
| Other assets | $25.6M | $27.0M | $25.2M | $25.0M |
| Total Assets | $12.6B | $12.6B | $10.9B | $9.3B |
| Notes payable | $3.3B | $3.3B | $2.2B | $1.9B |
| Interest rate swap liability | $829.0K | — | — | $0 |
| Accounts payable, accrued expenses and other liabilities | $120.8M | $149.7M | $128.8M | $97.5M |
| Dividends and distributions payable | $103.4M | $97.8M | $83.7M | $62.0M |
| Acquired lease intangible liabilities, net | $116.5M | $147.5M | $147.6M | $147.4M |
| Tenant security deposits | $92.4M | $90.7M | $84.9M | $71.9M |
| Tenant prepaid rents | $88.8M | $90.6M | $115.0M | $20.7M |
| Total Liabilities | $3.8B | $3.9B | $2.8B | $2.3B |
| Preferred stock, $0.01 par value per share, 10,050,000 shares authorized: | $155676000.00 | $155676000.00 | $155676000.00 | $155676000.00 |
| 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 | $2316000.00 | $2253000.00 | $2123000.00 | $1891000.00 |
| Additional paid-in capital | $8.9B | $8.6B | $7.9B | $6.6B |
| Cumulative distributions in excess of earnings | ($642.1M) | ($441.9M) | ($338.8M) | ($255.7M) |
| Accumulated other comprehensive (loss) income | ($422.0K) | $6.7M | $7.2M | $8.2M |
| Total stockholders’ equity | $8.5B | $8.3B | $7.8B | $6.6B |
| Noncontrolling interests | $377.5M | $401.9M | $377.0M | $366.4M |
| Total Equity | $8.8B | $8.7B | $8.1B | $6.9B |
| Total Liabilities and Equity | $12.6B | $12.6B | $10.9B | $9.3B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Land | $7.1B | $7.6B | $7.8B | $7.8B |
| Buildings and improvements | $4.5B | $4.8B | $4.6B | $4.6B |
| Tenant improvements | $206.5M | $205.7M | $194.4M | $186.4M |
| Furniture, fixtures and equipment | $132.0K | $132.0K | $132.0K | $132.0K |
| Construction in progress | $324.4M | $327.0M | $475.1M | $431.8M |
| Total real estate held for investment | $12.2B | $12.9B | $13.1B | $13.0B |
| Accumulated depreciation | ($1.2B) | ($1.2B) | ($1.1B) | ($1.1B) |
| Investments in real estate, net | $11.0B | $11.7B | $11.9B | $11.9B |
| Cash and cash equivalents | $32.2M | $51.7M | $249.0M | $431.1M |
| Loan receivable, net | $123.9M | $123.8M | $123.6M | $123.5M |
| Rents and other receivables, net | $12.1M | $12.0M | $15.7M | $12.9M |
| Deferred rent receivable, net | $210.5M | $205.4M | $181.4M | $173.7M |
| Deferred leasing costs, net | $90.9M | $92.0M | $82.2M | $71.5M |
| Deferred loan costs, net | $5.9M | $6.4M | $7.4M | $7.9M |
| Acquired lease intangible assets, net | $114.5M | $130.0M | $154.9M | $169.0M |
| Acquired indefinite-lived intangible asset | $5.2M | $5.2M | $5.2M | $5.2M |
| Interest rate swap assets | $9.2M | $4.6M | $2.8M | $3.6M |
| Other assets | $17.0M | $20.5M | $31.5M | $15.8M |
| Total Assets | $11.6B | $12.4B | $12.9B | $13.1B |
| Notes payable | $3.3B | $3.2B | $3.2B | $3.3B |
| Interest rate swap liability | $3.0K | $9.0K | $1.6M | $667.0K |
| Accounts payable, accrued expenses and other liabilities | $99.1M | $125.0M | $153.6M | $124.8M |
| Dividends and distributions payable | $101.0M | $102.4M | $103.9M | $105.6M |
| Acquired lease intangible liabilities, net | $105.9M | $110.9M | $122.9M | $129.7M |
| Tenant security deposits | $92.4M | $95.2M | $91.8M | $90.8M |
| Tenant prepaid rents | $79.5M | $82.2M | $85.1M | $85.5M |
| Total Liabilities | $3.7B | $3.8B | $3.8B | $3.9B |
| Preferred stock, $0.01 par value per share, 10,050,000 shares authorized: | $155676000.00 | $155676000.00 | $155676000.00 | $155676000.00 |
| Common Stock, $0.01 par value per share, 489,950,000 authorized and 222,989,057 and 231,580,135 shares outstanding at June 30, 2026 and December 31, 2025, respectively | $2230000.00 | $2263000.00 | $2328000.00 | $2367000.00 |
| Additional paid-in capital | $8.6B | $8.7B | $9.0B | $9.1B |
| Cumulative distributions in excess of earnings | ($1.3B) | ($651.7M) | ($474.8M) | ($462.3M) |
| Accumulated other comprehensive income (loss) | $7.5M | $2.9M | ($515.0K) | $1.1M |
| Total stockholders’ equity | $7.5B | $8.3B | $8.7B | $8.8B |
| Noncontrolling interests | $351.6M | $378.7M | $366.2M | $357.9M |
| Total Equity | $7.9B | $8.6B | $9.0B | $9.2B |
| Total Liabilities and Equity | $11.6B | $12.4B | $12.9B | $13.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $219.8M | $285.9M | $249.6M | $177.2M |
| Depreciation and amortization | $315.9M | $275.2M | $244.5M | $196.8M |
| Amortization of net (below) above market lease intangibles and other deferred rent on certain below-market leases | ($24.4M) | ($27.7M) | ($29.9M) | ($31.2M) |
| Accretion of net loan origination fees and costs | ($460.0K) | ($460.0K) | ($84.0K) | — |
| Impairment of right-of-use asset | $0 | $0 | $188.0K | $0 |
| Loss on debt extinguishment | $200.0K | $0 | $0 | $915.0K |
| Impairment of real estate | $89.1M | — | — | — |
| Gains on sale of real estate | ($106.0M) | ($18.0M) | ($19.0M) | ($8.5M) |
| Amortization of debt issuance costs | $5.1M | $4.8M | $3.9M | $2.7M |
| Amortization of discount/(premium) on notes payable, net | $6.4M | $4.8M | $688.0K | $250.0K |
| Share-based compensation | $100.5M | $41.6M | $33.6M | $28.4M |
| Straight-line rent | ($29.7M) | ($38.4M) | ($36.6M) | ($31.2M) |
| Payments for termination/settlement of interest rate derivatives | $0 | $0 | ($161.0K) | ($589.0K) |
| Amortization related to termination/settlement of interest rate derivatives | $310.0K | $522.0K | $540.0K | $531.0K |
| Rents and other receivables | $1.9M | $2.3M | ($2.2M) | ($2.9M) |
| Deferred leasing costs | ($34.0M) | ($28.9M) | ($25.8M) | ($17.8M) |
| Other assets | $249.0K | $801.0K | ($1.1M) | ($594.0K) |
| Accounts payable, accrued expenses and other liabilities | ($7.6M) | $8.9M | $4.7M | $9.3M |
| Tenant security deposits | $2.8M | ($3.1M) | $3.5M | $6.3M |
| Tenant prepaid rents | $2.1M | ($29.4M) | $1.3M | ($1.9M) |
| Net cash provided by operating activities | $542.1M | $478.9M | $427.5M | $327.7M |
| Acquisition of investments in real estate | $0 | ($1.5B) | ($1.3B) | ($2.3B) |
| Issuance of loan receivable, net | $0 | $0 | ($122.7M) | — |
| Capital expenditures | ($333.4M) | ($373.4M) | ($266.6M) | ($135.1M) |
| Return of (payment for) deposits on real estate acquisitions, net | $0 | $2.1M | ($2.1M) | ($1.0M) |
| Proceeds from sale of real estate | $208.4M | $41.3M | $27.0M | $15.3M |
| Net cash used in investing activities | ($125.1M) | ($1.8B) | ($1.7B) | ($2.4B) |
| Issuance of common stock, net | $477.6M | $649.5M | $1.3B | $1.8B |
| Proceeds from borrowings | $0 | $1.1B | $646.9M | $2.7B |
| Repayment of borrowings | ($101.0M) | ($13.4M) | ($357.5M) | ($2.2B) |
| Payment of debt issuance costs | ($9.4M) | ($4.6M) | ($3.0M) | ($7.3M) |
| Redemption of private REIT preferred units | $0 | ($122.0K) | — | — |
| Dividends paid to preferred stockholders | ($9.3M) | ($9.3M) | ($9.3M) | ($9.3M) |
| Dividends paid to common stockholders | ($397.5M) | ($354.2M) | ($290.7M) | ($201.9M) |
| Distributions paid to common unitholders | ($15.1M) | ($13.7M) | ($11.5M) | ($8.6M) |
| Distributions paid to preferred unitholders | ($651.0K) | ($2.3M) | ($3.2M) | ($3.1M) |
| Repurchase of common stock under stock repurchase programs | ($250.1M) | — | — | — |
| Repurchase of common shares to satisfy employee tax withholding requirements | -1.8M | -2.2M | -1.9M | -2.2M |
| Net cash (used in) provided by financing activities | ($307.2M) | $1.4B | $1.2B | $2.1B |
| Increase (decrease) in cash, cash equivalents and restricted cash | $109.8M | $22.5M | ($3.3M) | ($7.2M) |
| Cash, cash equivalents and restricted cash, beginning of year | $56.0M | $33.4M | $36.8M | $44.0M |
| Cash, cash equivalents and restricted cash, end of year | $165.8M | — | — | — |
| 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 | $44.8M |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | $0 | $2.1M | $0 | $6.4M |
| Accrual for capital expenditures | $38.6M | $68.7M | $55.3M | $29.1M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net (loss) income | ($429.2M) | $94.6M | $287.5M | $194.4M |
| Depreciation and amortization | $146.4M | $72.9M | $239.1M | $157.9M |
| Amortization of net (below) above market lease intangibles and other deferred rent on certain other below-market leases | ($8.5M) | ($4.6M) | ($20.2M) | ($15.0M) |
| Amortization of debt issuance costs | $2.7M | $1.3M | $3.7M | $2.4M |
| Amortization of discount/(premium) on notes payable, net | $3.3M | $1.6M | $4.7M | $3.1M |
| Accretion of net loan origination fees and costs | ($230.0K) | ($115.0K) | ($345.0K) | ($230.0K) |
| Loss on debt extinguishment | $0 | — | $200.0K | $200.0K |
| Impairment of real estate | $631.6M | $6.8M | — | — |
| Gains on sale of real estate | ($48.2M) | ($26.3M) | ($86.1M) | ($57.5M) |
| Share-based compensation | $4.8M | $4.1M | $31.7M | $19.8M |
| Straight-line rent | ($25.1M) | ($15.1M) | ($20.6M) | ($12.4M) |
| Amortization related to termination/settlement of interest rate derivatives | $155.0K | $77.0K | $232.0K | $154.0K |
| Rents and other receivables | $1.6M | $1.9M | $343.0K | $3.0M |
| Deferred leasing costs | ($22.4M) | ($12.9M) | ($21.8M) | ($11.4M) |
| Other assets | $7.6M | $4.9M | ($5.5M) | $10.4M |
| Accounts payable, accrued expenses and other liabilities | ($9.6M) | $14.6M | $18.0M | ($11.4M) |
| Tenant security deposits | $400.0K | $3.1M | $1.9M | $285.0K |
| Tenant prepaid rents | ($7.4M) | ($5.7M) | ($2.5M) | ($3.1M) |
| Net cash provided by operating activities | $248.0M | $141.2M | $430.3M | $280.7M |
| Capital expenditures | ($111.1M) | ($63.0M) | ($251.5M) | ($162.3M) |
| Proceeds from sale of real estate | $255.0M | $122.7M | $180.1M | $129.0M |
| Net cash provided by (used in) investing activities | $143.9M | $59.7M | ($71.4M) | ($33.4M) |
| Issuance of common stock, net | $0 | $0 | $477.6M | $477.6M |
| Proceeds from borrowings | $279.0M | $35.0M | $0 | $0 |
| Repayment of borrowings | ($272.1M) | ($41.9M) | ($100.7M) | ($481.0K) |
| Payment of debt issuance costs | $0 | — | ($9.3M) | ($9.3M) |
| Dividends paid to preferred stockholders | ($4.6M) | ($2.3M) | ($6.9M) | ($4.6M) |
| Dividends paid to common stockholders | ($198.0M) | ($99.6M) | ($297.4M) | ($195.6M) |
| Distributions paid to common unitholders | ($7.8M) | ($3.8M) | ($11.3M) | ($7.5M) |
| Distributions paid to preferred unitholders | ($180.0K) | ($90.0K) | ($561.0K) | ($471.0K) |
| Repurchase of common stock under stock repurchase programs | ($300.2M) | ($200.1M) | ($150.1M) | — |
| Repurchase of common shares to satisfy employee tax withholding requirements | -21.5M | -2.1M | -1.8M | -1.7M |
| Net cash (used in) provided by financing activities | ($525.4M) | ($314.9M) | ($100.5M) | $257.9M |
| (Decrease) increase in cash, cash equivalents and restricted cash | ($133.6M) | ($114.1M) | $258.4M | $505.2M |
| Cash, cash equivalents and restricted cash, beginning of period | $165.8M | $165.8M | $56.0M | $56.0M |
| Cash, cash equivalents and restricted cash, end of period | $32.2M | $51.7M | $314.4M | $561.2M |
| Cash paid for interest (net of capitalized interest of $13,378 and $17,294 for the six months ended June 30, 2026 and 2025, respectively) | $49.1M | $33.1M | $82.2M | $50.1M |
| Accrual for capital expenditures | $31.1M | $31.3M | $45.2M | $51.9M |
| Accrual of dividends and distributions | $101.0M | $102.4M | $103.9M | $105.6M |
Rexford Industrial Realty Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.