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Rexford Industrial
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Latest analysis
Updated Aug 18, 2026
Rexford sells $1.2B industrial portfolio to EQT Real Estate; reaffirms 2026 disposition guidance
Rexford Industrial has entered into a definitive agreement to sell 22 industrial properties to an EQT Real Estate affiliate for $1.2 billion, expected to close by end of Q3 2026. The transaction is a core component of the company's $2.0 billion non-core portfolio realignment initiative, bringing year-to-date dispositions closed or under contract to $1.5 billion and positioning Rexford within its full-year disposition guidance range of $1.5–2.0 billion. Net proceeds will support debt repayment of 2027 maturities, opportunistic share repurchases under the company's $1.0 billion buyback program, and continued investment in internal repositioning and development projects.
Tone: cautiousRevenue
$1B
REXR 10-K · FY 2025
Employees
256
Revenue FY2024
$936.4M
Founded
2013
Profile
REXR 10-K Item 1 · Feb 11, 2026Rexford Industrial Realty is a self-administered, self-managed REIT focused exclusively on owning, operating, and acquiring industrial properties in Southern California infill markets. The company targets high-barrier markets characterized by scarce developable land and strong tenant demand fundamentals. Its strategy combines internal value-add repositioning and development with disciplined capital recycling and selective off-market acquisitions.
Read filing description ↓ Collapse description ↑
We are a self-administered and self-managed full-service REIT focused on owning, operating and acquiring industrial properties in Southern California infill markets. Our goal is to generate attractive risk-adjusted returns for our stockholders by providing superior access to industrial property investments and mortgage debt investments secured by industrial property in high-barrier Southern California infill markets. We were formed as a Maryland corporation on January 18, 2013 and Rexford Industrial Realty, L.P. (the 'Operating Partnership'), of which we are the sole general partner, was formed as a Maryland limited partnership on January 18, 2013. Through our controlling interest in our Operating Partnership and its subsidiaries, we acquire, own, improve, reposition, develop, lease and manage industrial real estate primarily located in Southern California infill markets, and from time to time, acquire or provide mortgage debt secured by industrial property. We also sell assets programmatically as part of our capital allocation strategy. As of December 31, 2025, our consolidated portfolio consisted of 419 properties with approximately 51.2 million rentable square feet. Infill markets are considered high-barrier-to-entry markets with scarcity of vacant or developable land and high concentrations of people, jobs, housing, income, wages and consumption. We believe Southern California's infill industrial property market is the largest, most fragmented industrial market in the nation, demonstrating favorable long-term tenant demand fundamentals in the face of an ongoing long-term scarcity and diminishment of supply over time.
Primary products
- Warehouse / Distribution
- Warehouse / Light Manufacturing
- Light Industrial / Office
- Industrial Outdoor Storage
- Light Manufacturing / Flex
- Warehouse / Excess Land
End markets
Geographies
Named customers
As of December 31, 2025, our consolidated properties were 90.9% leased to tenants in a variety of industries, with no single tenant accounting for more than 2.4% of our total annualized in-place base rent.
“We believe Southern California's infill industrial property market is the largest, most fragmented industrial market in the nation, demonstrating favorable long-term tenant demand fundamentals in the face of an ongoing long-term scarcity and diminishment of supply over time.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenues grew from approximately $936.4 million in 2024 to approximately $1.0 billion in 2025, driven primarily by growth in rental income.
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