Rexford Industrial Realty — Feb 5, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001571283-25-000003
Showing in the filing
Repurchase of common stock
“up to $300 million”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 13
Dividend for Q1 FY2025
“$0.43 per share”
Quarterly common stock dividend for Q1 FY2025
“$0.43 per share”
Share repurchase program authorized
“$300 million”
Repurchase of common stock
“up to $300 million”
Quarterly dividend of Series B Cumulative Re… for Q1 FY2025
“$0.367188 per share”
Quarterly dividend of Series C Cumulative Re… for Q1 FY2025
“$0.351563 per share”
Net Income Attributable to Common Stockholde… for FY2025
“$1.21 - $1.25”
Company share of Core FFO per diluted share for FY2025
“$2.37 - $2.41”
Same Property Portfolio NOI Growth — Net Eff… for FY2025
“0.75% - 1.25%”
Same Property Portfolio NOI Growth — Cash for FY2025
“2.25% - 2.75%”
Average Same Property Portfolio Occupancy (F… for FY2025
“95.5% - 96.0%”
General and Administrative Expenses for FY2025
“+/- $82.0M”
Net Interest Expense for FY2025
“$110.5M - $111.5M”
Exhibit 99.1 · the passage around this item
… earlier in the release
During the fourth quarter of 2024, the Company did not execute on its ATM Program. As of December 31, 2024, the Company’s ATM Program had approximately $927.4 million of remaining capacity. Subsequent to the fourth quarter 2024, the Company’s Board of Directors authorized the repurchase of up to $300 million of the Company’s common stock over the next 24 months. Under the program, the Company may purchase its shares from time to time in the open market, in privately negotiated transactions or in other transactions as permitted by federal securities laws. The amount and timing of the purchase will depend on a number of factors including the price and availability of the Company’s shares, trading volume and general market conditions, applicable law and other factors deemed relevant in the Company's sole discretion. The stock repurchase program does not obligate the Company to repurchase any dollar amount or number of shares of common stock, and the program may be suspended or discontinued at any time. Dividends On February 3, 2025, the Company’s Board of Directors authorized a dividend in the amount of $0.43 per share for the first quarter of 2025, payable in cash on April 15, 2025, to common stockholders and common unit holders of record as of March 31, 2025. On February 3, 2025, the Company’s Board of Directors authorized a quarterly dividend of $0.367188 per share of its Series B Cumulative Redeemable Preferred Stock and a quarterly dividend of $0.351563 per share of its Series C Cum
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.