REXFORD IND.REIT S.B DL25

Shareholders of Rexford Industrial Realty voted at the annual general meeting in favor of all proposals presented, including the election of all seven board nominees through 2027. KPMG was confirmed as the independent auditor for fiscal year 2026; the amended Incentive Award Plan 2013 was approved, and executive compensation was ratified in an advisory vote. Separately, the company reported strong Q1 results with EPS of $0.38 and revenues of $245.08 million, while Baird slightly cut its price target from $41 to $39 and left its rating at "Neutral". » More on de.investing.com

Rexford Industrial Realty reported earnings per share of $0.38 for Q1 2026, beating analyst estimates by 40.74%. Revenue was $245.08 million, also above expectations; Core FFO per share reached $0.61. The company signed leases for 4.1 million square feet, continued share repurchases of $200 million, and has raised its Core FFO guidance for 2026. Rexford plans additional buybacks totaling $400–500 million and expects disposition proceeds of about $300 million by the end of 2026. » More on de.investing.com

Rexford Industrial sold two properties in February for $41.2 million and, under a board‑approved repurchase program, bought back $100 million of common stock (2,670,227 shares at an average price of $37.45). The company has further dispositions under contract or accepted offers totaling about $185 million, including five assets from the near‑term development pipeline. Under the ongoing buyback program, $400 million remains available. The portfolio comprised roughly 419 properties totaling about 51.2 million square feet in Southern California as of Dec. 31, 2025. Rexford highlights the combination of buybacks and income‑producing projects to enhance shareholder value; the dividend yield is 4.66% and the company has raised dividends for 13 consecutive years. » More on de.investing.com