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Rexford Industrial Realty — Apr 16, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001571283-25-000020
Open on SEC.gov ↗
Showing in the filing
Dividend per share (common stock)
“$0.43 per share”
Period
Q2 FY2025
Measure
Declared action
Source
Prose
All guidance in this release · 16
Common stock repurchase program authorization for FY2027
“$300 million”
Dividend for Q2 FY2025
“$0.43 per share”
Dividend per share (common stock) for Q2 FY2025
“$0.43 per share”
Quarterly dividend, Series B Cumulative Rede… for Q2 FY2025
“$0.367188 per share”
Quarterly dividend of Series B Cumulative Re…
“$0.367188 per share”
Quarterly dividend, Series C Cumulative Rede… for Q2 FY2025
“$0.351563 per share”
Quarterly dividend of Series C Cumulative Re…
“$0.351563 per share”
Net Income Attributable to Common Stockholde… for Q1 FY2025
“$1.31 - $1.35”
Net Income Attributable to Common Stockholde…
“$1.21 - $1.25”
Company share of Core FFO per diluted share for Q1 FY2025
“$2.37 - $2.41”
Same Property Portfolio NOI Growth — Net Eff… for Q1 FY2025
“0.75% - 1.25%”
Same Property Portfolio NOI Growth — Cash for Q1 FY2025
“2.25% - 2.75%”
Average Same Property Portfolio Occupancy (F… for Q1 FY2025
“95.5% - 96.0%”
General and Administrative Expenses for Q1 FY2025
“+/- $82.0M”
Net Interest Expense for Q1 FY2025
“+/- $109.5M”
Net Interest Expense
“$110.5M - $111.5M”
Exhibit 99.1 · the passage around this item
… earlier in the release
During the first quarter of 2025, the Company did not execute on its $300 million common stock repurchase program, which was authorized through February 3, 2027. Dividends On April 14, 2025, the Company’s Board of Directors authorized a dividend in the amount of $0.43 per share for the second quarter of 2025, payable in cash on July 15, 2025, to common stockholders and common unit holders of record as of June 30, 2025. On April 14, 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 June 30, 2025, to preferred stockholders of record as of June 16, 2025. Guidance The Company is updating 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) Q1 2025 Updated Guidance Initial Guidance Net Income Attributable to Common Stockholders per diluted share $1.31 - $1.35 $1.21 - $1.25 Company share of Core FFO per diluted share $2.37 - $2.41 $2.37 - $2.41 Same Property Portfolio NOI Growth — Net Effective 0.75% - 1.25% 0.75% - 1.25% Same Property Portfolio NOI Growth — Cash 2.25% - 2.75% 2.25% - 2.75% Average Same Property Portfolio Occupancy (Full Year) (2) 95.5% - 96.0% 95.5% - 96.0% General and Administrative E
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.