Rexford Industrial Realty Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	976.88	922.1	791.38	630.58	451.73	329.38
Property Management Fees	0.56	0.61	0.68	0.62	0.47	0.42
Total Revenue	997.93	936.41	797.83	631.2	452.24	330.14
Revenue Growth (YoY	10.40%	17.37%	26.40%	39.57%	36.99%	23.55%
Property Expenses	224.44	210.26	184.48	150.5	107.72	79.72
Selling, General & Administrative	81.6	82.15	75.03	64.26	48.99	36.8
Depreciation & Amortization	310.93	275.25	244.51	196.79	151.27	115.27
Other Operating Expenses	1.07	2.24	1.63	1.56	0.31	0.12
Total Operating Expenses	618.04	569.9	505.65	413.12	308.29	231.9
Operating Income	379.89	366.51	292.18	218.08	143.95	98.23
Interest Expense	-107.63	-98.6	-61.4	-48.5	-40.14	-30.85
EBT Excluding Unusual Items	272.27	267.91	230.78	169.59	103.81	67.38
Gain (Loss) on Sale of Assets	86.1	18.01	19	8.49	33.93	13.62
Asset Writedown	-	-	-0.19	-	-0.99	-
Other Unusual Items	-1.55	-	-	-0.92	-0.51	-0.1
Pretax Income	352.41	285.93	249.59	177.16	136.25	80.9
Earnings From Continuing Operations	352.41	285.93	249.59	177.16	136.25	80.9
Net Income to Company	352.41	285.93	249.59	177.16	136.25	80.9
Minority Interest in Earnings	-12.77	-12.12	-11.58	-9.57	-8.01	-4.49
Net Income	339.64	273.8	238.02	167.58	128.24	76.4
Preferred Dividends & Other Adjustments	11.37	10.94	10.57	10.1	16.48	15.05
Net Income to Common	328.27	262.87	227.45	157.48	111.76	61.35
Net Income Growth	23.07%	15.04%	42.03%	30.68%	67.85%	23.27%
Basic Shares Outstanding	230	218	203	170	139	121
Diluted Shares Outstanding	230	218	203	171	140	121
Shares Change (YoY)	6.92%	7.56%	18.79%	22.06%	15.60%	13.46%
EPS (Basic)	1.43	1.20	1.12	0.92	0.80	0.51
EPS (Diluted)	1.43	1.20	1.12	0.92	0.80	0.51
EPS Growth	15.85%	7.14%	21.74%	15.00%	57.62%	7.99%
Dividend Per Share	1.708	1.670	1.520	1.260	0.960	0.860
Dividend Growth	4.59%	9.87%	20.64%	31.25%	11.63%	16.22%
Operating Margin	38.07%	39.14%	36.62%	34.55%	31.83%	29.75%
Profit Margin	32.90%	28.07%	28.51%	24.95%	24.71%	18.58%
EBITDA	664.44	614.1	506.81	383.67	279.78	202.97
EBITDA Margin	66.58%	65.58%	63.52%	60.78%	61.87%	61.48%
D&A For Ebitda	284.55	247.59	214.63	165.59	135.83	104.74
EBIT	379.89	366.51	292.18	218.08	143.95	98.23
EBIT Margin	38.07%	39.14%	36.62%	34.55%	31.83%	29.75%
Funds From Operations (FFO)	550.59	543.16	475.1	365.47	253.59	182.55
FFO Per Share	2.39	2.49	2.34	-	-	-
Adjusted Funds From Operations (AFFO)	-	543.16	475.1	365.47	253.59	182.55
AFFO Per Share	-	2.49	2.34	-	-	-
FFO Payout Ratio	73.15%	67.74%	63.61%	57.59%	51.18%	56.22%
Revenue as Reported	997.93	936.41	797.83	631.2	452.24	330.14

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.