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Rexford Industrial Realty — Feb 5, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001571283-25-000003
Open on SEC.gov ↗
Showing in the filing
Quarterly dividend of Series B Cumulative Redeemable Preferred Stock
“$0.367188 per share”
Period
Q1 FY2025
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
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 Cumulative Redeemable Preferred Stock, payable in cash on March 31, 2025, to preferred stockholders of record as of March 17, 2025. Guidance The Company is initiating its full year 2025 guidance as indicated below. Please refer to the Company’s supplemental information package for a complete detail of guidance and the 2025 Guidance Rollforward. 2025 Outlook (1) 2024 Actual 2025 Guidance Net Income Attributable to Common Stockholders per diluted share $1.20 $1.21 - $1.25 Company share of Core FFO per diluted share $2.34 $2.37 - $2.41 Same Property Portfolio NOI Growth — Net Effective 4.1% 0.75% - 1.25% Same Property Portfolio NOI Growth — Cash 7.1% 2.25% - 2.75% Average Same Property Portfolio Occupancy (Full Year) (2) 96.6% 95.5% - 96.0% General and Administrative Expenses (3) $82.2M +/- $82.0M Net Interest Expense $98.6M $110.5M - $111.5M (1) 2025 Guidance represents the in-place portfolio as of February 5, 2025, and does not include any assumptions for additional prospective acquisitions, dispositions or related balance sheet activities that have not closed. (2)
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.