--- title: "Rexford Industrial Realty | 8-K: FY2026 Q2 Revenue: USD 245.51 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293668509.md" datetime: "2026-07-23T21:09:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293668509.md) - [en](https://longbridge.com/en/news/293668509.md) - [zh-HK](https://longbridge.com/zh-HK/news/293668509.md) generator: "portal-rs" --- # Rexford Industrial Realty | 8-K: FY2026 Q2 Revenue: USD 245.51 M Revenue: As of FY2026 Q2, the actual value is USD 245.51 M. EPS: As of FY2026 Q2, the actual value is USD -2.26, missing the estimate of USD 0.3008. EBIT: As of FY2026 Q2, the actual value is USD -495.24 M. #### Net Loss Attributable to Common Stockholders Rexford Industrial Realty, Inc. reported a net loss of -$506.9 million, or -$2.26 per diluted share, for the second quarter of 2026, compared to net income of $113.4 million, or $0.48 per diluted share, in the prior year quarter . This net loss includes -$624.8 million of impairments and $21.9 million of gains on sale of real estate . For the six months ended June 30, 2026, the net loss attributable to common stockholders was -$419.0 million, or -$1.86 per diluted share, compared to net income of $181.8 million, or $0.78 per diluted share, in the prior year period . The six-month net loss includes -$631.6 million of impairments and $48.2 million of gains on sale of real estate . The net loss for the three months ended June 30, 2026, was -$523,811 thousand, compared to net income of $120,394 thousand in the prior year period . #### Company Share of Core FFO The company’s share of Core FFO for the second quarter of 2026 was $141.4 million, an increase of 1.2% compared to $139.7 million for the prior year quarter . Core FFO per diluted share was $0.63, an increase of 6.8% compared to $0.59 per diluted share for the prior year quarter . For the six months ended June 30, 2026, the company’s share of Core FFO was $281.2 million, a 0.2% increase compared to $280.7 million for the prior year period . For the six months ended June 30, 2026, Core FFO per diluted share was $1.24, a 2.5% increase compared to $1.21 per diluted share for the prior year period . For the three months ended June 30, 2026, the company share of Core FFO was $141,402 thousand, an increase from $139,709 thousand . #### Net Operating Income (NOI) Total Portfolio NOI was $186.8 million for the second quarter of 2026, an increase of 0.3% compared to the second quarter of 2025 . Same Property Portfolio NOI decreased 0.5% in the second quarter of 2026 compared to the prior year quarter, while for the six months ended June 30, 2026, Same Property Portfolio NOI increased 0.3% . For the three months ended June 30, 2026, NOI was $186,782 thousand, up from $186,270 thousand . Same Property Portfolio NOI growth was -0.5% . #### Cash NOI Same Property Portfolio Cash NOI increased 1.5% in the second quarter of 2026 compared to the prior year quarter . For the six months ended June 30, 2026, Same Property Portfolio Cash NOI increased 0.6% . Same Property Portfolio Cash NOI growth was 1.5% for the three months ended June 30, 2026 . #### Adjusted EBITDAre Adjusted EBITDAre was $182,052 thousand for the three months ended June 30, 2026, a decrease from $184,111 thousand . Net debt to Adjusted EBITDAre (quarterly results annualized) increased to 4.5x from 4.0x . #### Occupancy Average Same Property Portfolio occupancy was 95.7% for the second quarter of 2026 . As of June 30, 2026, the company’s Same Property Portfolio occupancy was 95.1% . The total portfolio, excluding repositioning and development assets, was 94.8% occupied and 95.0% leased . Including repositioning and development assets, the total portfolio was 90.0% occupied and 90.3% leased . Improved land and industrial outdoor storage (IOS) sites were 92.8% leased as of June 30, 2026 . Ending occupancy was 90.0%, an increase from 89.2% . Ending occupancy excluding repositioning/development was 94.8%, a slight decrease from 95.0% . Same Property Portfolio ending occupancy increased to 95.1% from 94.8% . #### Leasing Activity Rexford Industrial Realty, Inc. executed 2.1 million square feet of new and renewal leases in the second quarter of 2026 . Comparable rental rates decreased by 2.8% on a net effective basis and decreased by 11.3% on a cash basis compared to prior rents . New leases (53 executed) covered 840,344 square feet with comparable rental rates decreasing by -13.8% net effective and -19.5% cash . Renewal leases (64 executed) covered 1,261,446 square feet with comparable rental rates increasing by 1.4% net effective and decreasing by -8.1% cash . Net Effective Rent Change was -2.8%, compared to 20.9% in the prior year period . Cash Rent Change was -11.3%, down from 8.1% . #### Repositionings and Developments During the second quarter of 2026, two development projects totaling 196,391 square feet were stabilized, representing a total investment of $98.0 million and achieving an 8.0% weighted average unlevered stabilized return on cost . Year to date, four repositioning and development projects totaling 341,280 square feet were stabilized, with a total investment of $146.6 million and a 7.1% weighted average unlevered stabilized return on cost . #### Dispositions The company disposed of seven properties for an aggregate sales price of $137.9 million during the second quarter of 2026 . Year to date, twelve properties were disposed of for an aggregate sales price of $265.3 million . #### Balance Sheet and Liquidity As of June 30, 2026, the company had approximately $1.3 billion of total liquidity, including $32.2 million in unrestricted cash and $1.2 billion available under its unsecured revolving credit facility . Outstanding debt was $3.3 billion with a weighted average interest rate of 3.7% . Net Debt to Adjusted EBITDAre was 4.5x . Total consolidated debt was $3,285,503 thousand, a decrease from $3,379,141 thousand . Net debt to total combined market capitalization increased to 29.1% from 25.0% . #### Share Repurchases and Dividends Rexford Industrial Realty, Inc. repurchased 2,801,307 shares of common stock for $100 million at a weighted average price of $35.70 per share in Q2 2026, bringing year-to-date repurchases to $300 million . Subsequent to quarter end, a new $1.0 billion stock repurchase program was authorized . A dividend of $0.435 per share for the third quarter of 2026 was authorized for common stockholders . Quarterly dividends for Series B and Series C Cumulative Redeemable Preferred Stock were also authorized at $0.367188 and $0.351563 per share, respectively . The dividend declared per common share increased to $0.435 from $0.430 . Total shares and units issued and outstanding at period end were 231,077,181, a decrease from 244,334,274 . #### Portfolio Statistics Portfolio rentable square feet (RSF) decreased to 49,934,203 from 51,021,897 . Total equity market capitalization was $7,914,336 thousand, down from $8,864,220 thousand . Total combined market capitalization (net debt plus equity) was $11,167,613 thousand, down from $11,812,244 thousand . #### 2026 Outlook Rexford Industrial Realty, Inc. raised its full-year 2026 Core FFO per diluted share guidance to $2.38 - $2.43 . The company increased its full-year 2026 disposition guidance to $1.5 billion - $2.0 billion as part of a planned portfolio realignment . Same Property Portfolio NOI Growth is projected between -1.25% to -0.25% (Net Effective) and -0.75% to 0.25% (Cash), with average occupancy expected to be 95.3% - 95.7% . ### Related Stocks - [REXR.US](https://longbridge.com/en/quote/REXR.US.md) ## Related News & Research - [Evercore ISI Sticks to Their Buy Rating for Rexford Industrial Realty (REXR)](https://longbridge.com/en/news/296360056.md) - [Rexford Industrial agrees to sell industrial portfolio to EQT Real Estate affiliate for $1.2 billion](https://longbridge.com/en/news/296232871.md) - [Rexford Industrial Realty Announces Major Portfolio Disposition](https://longbridge.com/en/news/296248561.md) - [Edgestream Partners L.P. Has $625,000 Position in Rexford Industrial Realty, Inc. $REXR](https://longbridge.com/en/news/294928419.md) - [Rexford Industrial forecasts 2026 core FFO per share USD 2.38-2.43](https://longbridge.com/en/news/293662093.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**