HighGravityDataRexford Industrial Realty — Oct 16, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001571283-24-000052
Showing in the filing
Company share of Core FFO per diluted share
“$2.32 - $2.34”
Period
Q2 FY2024
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 22
Near-term acquisition pipeline
“approximately $200 million”
Dividend for Q4 FY2024
“$0.4175 per share”
Dividend per share (common stock) for Q4 FY2024
“$0.4175”
Series B Cumulative Redeemable Preferred Sto… for Q4 FY2024
“$0.367188”
Quarterly dividend of Series B Cumulative Re…
“$0.367188 per share”
Series C Cumulative Redeemable Preferred Sto… for Q4 FY2024
“$0.351563”
Quarterly dividend of Series C Cumulative Re…
“$0.351563 per share”
Net Income Attributable to Common Stockholde… for Q3 FY2024
“$1.20 - $1.22”
Net Income Attributable to Common Stockholde… for Q2 FY2024
“$1.19 - $1.21”
Company share of Core FFO per diluted share for Q3 FY2024
“$2.33 - $2.35”
Company share of Core FFO per diluted share for Q2 FY2024
“$2.32 - $2.34”
Same Property Portfolio NOI Growth - GAAP for Q3 FY2024
“4.25% - 4.75%”
Same Property Portfolio NOI Growth - GAAP for Q2 FY2024
“4.25% - 5.25%”
Same Property Portfolio NOI Growth - Cash for Q3 FY2024
“7.0% - 7.5%”
Same Property Portfolio NOI Growth - Cash for Q2 FY2024
“7.0% - 8.0%”
Average Same Property Portfolio Occupancy (F… for Q3 FY2024
“96.5% - 96.75%”
Average Same Property Portfolio Occupancy (F… for Q2 FY2024
“96.5% - 97.0%”
General and Administrative Expenses for Q3 FY2024
“+/- $83.0M”
General and Administrative Expenses for Q2 FY2024
“+/- $83.0M”
Net Interest Expense for Q3 FY2024
“+/- $99.0M”
Net Interest Expense for Q2 FY2024
“+/- $99.0M”
Estimated non-cash equity compensation expen… for FY2024
“$38.8 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
Please refer to the Company’s supplemental information package for a complete detail of guidance and 2024 Guidance Rollforward. 2024 Outlook (1) Q3 2024 Updated Guidance Q2 2024 Guidance Net Income Attributable to Common Stockholders per diluted share $1.20 - $1.22 $1.19 - $1.21 Company share of Core FFO per diluted share $2.33 - $2.35 $2.32 - $2.34 Same Property Portfolio NOI Growth - GAAP 4.25% - 4.75% 4.25% - 5.25% Same Property Portfolio NOI Growth - Cash 7.0% - 7.5% 7.0% - 8.0% Average Same Property Portfolio Occupancy (Full Year) (2) 96.5% - 96.75% 96.5% - 97.0% General and Administrative Expenses (3) +/- $83.0M +/- $83.0M Net Interest Expense +/- $99.0M +/- $99.0M (1) 2024 Guidance represents the in-place portfolio as of October 16, 2024, and does not include any assumptions for additional prospective acquisitions, dispositions or related balance sheet activities that have not closed. (2) Our 2024 Same Property Portfolio is a subset of our consolidated portfolio and includes properties that were wholly owned by us for the period from January 1, 2023 through September 30, 2024 and excludes properties that were or will be classified as repositioning/redevelopment (current and future) or lease-up during 2023 and 2024 (unless otherwise noted). Our 2024 Same Property Portfolio represents approximately 73% of total 3Q 2024 NOI. (3) 2024 General and Administrative expense guidance includes estimated non-cash equity compensation expense of $38.8 million. Non-cash equity compensation includes restricted stock, time-based LTIP u
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.