Rexford Industrial Realty Cash Flow 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
Net Income	339.64	273.8	238.02	167.58	128.24	76.4
Depreciation & Amortization	284.55	247.59	214.63	165.59	135.83	104.74
Other Amortization	4.98	4.78	3.86	2.69	1.92	1.51
Gain (Loss) on Sale of Assets	-86.1	-18.01	-19	-8.49	-33.93	-13.62
Asset Writedown	-	-	0.19	-	0.99	-
Stock-Based Compensation	43.26	41.6	33.64	28.43	19.51	12.87
Change in Accounts Receivable	1.89	2.26	-2.23	-2.86	-0.75	-4.03
Change in Accounts Payable	1.51	8.89	4.66	9.3	11.9	4.83
Change in Other Net Operating Assets	-27.18	-31.21	-23.45	-12.06	-17.05	7.09
Other Operating Activities	-11.53	-21.42	-24.03	-20.54	-14.13	-8.02
Operating Cash Flow	546.6	478.92	427.55	327.7	231.46	182.99
Operating Cash Flow Growth	14.20%	12.02%	30.47%	41.58%	26.49%	31.16%
Acquisition of Real Estate Assets	-548.33	-1,879	-1,581	-2,465	-1,969	-1,012
Sale of Real Estate Assets	180.12	41.29	27.03	15.32	56.57	24
Net Sale / Acq. of Real Estate Assets	-368.21	-1,838	-1,554	-2,449	-1,913	-987.52
Other Investing Activities	-	2.13	-	-	-	-
Investing Cash Flow	-368.21	-1,836	-1,676	-2,449	-1,913	-987.52
Long-Term Debt Issued	-	1,130	646.93	2,714	1,265	471.84
Long-Term Debt Repaid	-	-13.4	-357.49	-2,177	-1,095	-175.67
Net Debt Issued (Repaid)	-107.38	1,116	289.43	537.39	169.28	296.17
Issuance of Common Stock	761.12	653.44	1,282	1,832	1,645	739.98
Repurchase of Common Stock	-151.86	-2.15	-1.91	-2.16	-1.43	-1.28
Preferred Share Repurchases	-0.12	-0.12	-	-	-90	-
Common Dividends Paid	-402.76	-367.95	-302.19	-210.48	-129.79	-102.62
Preferred Dividends Paid	-9.26	-9.26	-9.26	-9.26	-12.56	-14.55
Total Dividends Paid	-412.02	-377.21	-311.45	-219.74	-142.36	-117.17
Other Financing Activities	-15.55	-10.85	-12.51	-32.97	-32.41	-14.52
Net Cash Flow	252.58	22.53	-3.34	-7.21	-133.53	98.67
Cash Interest Paid	97.1	74.19	54.62	44.81	32.98	27.92
Levered Free Cash Flow	63.57	87.19	24.11	198.23	128.98	87.29
Unlevered Free Cash Flow	125.86	144.04	58.63	225.85	152.15	105.07
Change in Working Capital	-28.19	-49.43	-19.75	-7.56	-6.96	9.12

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