#United States #Los Angeles #share repurchase #Real Estate Trust #Rexford Industrial

Rexford Industrial Expands Its Real Estate Strategy

Rexford Industrial Realty, Inc. (NYSE: REXR), a prominent real estate investment trust focused on industrial properties in Southern California, shared crucial updates regarding its recent disposition and share repurchase activities aimed at fostering shareholder value.

Key Highlights from the Recent Update

As the company strides into a new chapter, CEO Laura Clark emphasized their commitment towards a robust capital recycling strategy designed to enhance per-share FFO (Funds from Operations) and NAV (Net Asset Value) growth. The execution of this strategy will allow Rexford Industrial to unlock substantial value and bolster the quality and resilience of its property portfolio.

Disposition Activity

From the beginning of this year until March 31, 2026, Rexford has successfully disposed of five properties, accumulating a total sales volume of approximately $127.4 million. Noteworthy transactions include:

• - 29010 Avenue Paine, Valencia: Sold for $31 million ($310/sq ft), this building was completely leased and represented a significant transaction in the Los Angeles–Greater San Fernando Valley.
• - 13700-13738 Slover Avenue, Fontana: This 4.2-acre site was sold vacant to an owner-user for $14.5 million, translating to an impressive $79 per land square foot.
• - 600-708 Vermont Avenue, Anaheim: Going for $40.7 million ($77/sq ft), this office campus was sold vacant, demonstrating Rexford’s effective management of its development pipeline and minimizing expected capital spending.

In addition to these sales, Rexford has around $170 million worth of properties under contract or accepted offers, anticipating further enhancements to its portfolio.

Share Repurchase Activity

In capital management efforts, the company repurchased a total of 5,534,357 shares of its common stock this year, putting forth an investment of $200 million at a weighted average share price of $36.14. With a share repurchase program amounting to $500 million, Rexford has $300 million remaining, allowing flexibility for future repurchases.

Commitment to Growth and Value

Rexford Industrial focuses on transforming and repositioning industrial properties in one of the strongest markets across the globe. As of March 31, 2026, its impressive portfolio includes 414 properties and 50.4 million rentable square feet, occupied by a diverse range of tenants. This reflects the company's commitment to sustained growth and creating shareholder value through a strategic and calculated approach.

Future Outlook

Looking ahead, Rexford Industrial is positioned well to leverage its strategic initiatives and maintain a keen focus on its capital allocation practices. As the landscape of the real estate market evolves, this proactive approach will serve to shield shareholder investments and optimize portfolio performance.

For more information, interested parties are encouraged to visit rexfordindustrial.com.

Conclusion

Rexford Industrial's recent updates underline its strategic priorities and bolster confidence in its long-term growth endeavors within the highly competitive real estate sector. As the company continues to implement these strategies, shareholders can anticipate an exciting trajectory ahead.