Rexford Industrial Realty Inc.

Rexford Industrial has signed a binding agreement to sell an industrial real estate portfolio for roughly $1.2 billion to a subsidiary of EQT Real Estate; closing is expected by the end of Q3 2026. The cash‑NOI yield for 2027 is estimated at 5.5%. The transaction is part of a planned $2.0 billion asset disposition initiative; proceeds are intended to repay maturing debt, fund opportunistic share repurchases (a $1.0 billion program) and support internal repositioning and development projects. Rexford confirmed its 2026 guidance; as of June 30, 2026 the portfolio comprised 409 properties totaling about 49.9 million square feet in Southern California, and roughly $1.5 billion of dispositions have already been completed or contractually agreed year-to-date. » Mere på de.investing.com

Rexford Industrial reported Q1 2026 core FFO per share of $0.61 and EPS of $0.38, well above analyst estimates; revenue was $245.08 million. The company executed $200 million of share repurchases (average price $36) and raised its full‑year core FFO per share guidance to $2.37–$2.42. Occupancy climbed to 96.3% and lease signings increased 70% to 4.1 million square feet, while same‑property NOI still shows slight headwinds. Rexford plans further capital recycling through dispositions and buybacks but remains mindful of risks such as broad rent declines and concentrated credit losses. » Mere på de.investing.com

In the first quarter Rexford Industrial sold five properties for a total of $127.4 million, including an industrial building in Valencia ($31.0 million), a parcel in Fontana ($14.5 million) and an office complex in Anaheim ($40.7 million). The sales will save about $32 million in planned capital expenditures, and further dispositions worth roughly $170 million are under contract or on offer. During the quarter the company repurchased 5,534,357 common shares at a weighted average price of $36.14; under the ongoing $500 million program about $300 million remains available. » Mere på de.investing.com