Rexford Industrial Realty, Inc. (REXR)

Rexford Industrial Realty Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	890.27	791.38	630.58	451.73	329.38	264.25
Property Management Fees	0.61	0.68	0.62	0.47	0.42	0.41
Total Revenue	903.94	797.83	631.2	452.24	330.14	267.21
Revenue Growth (YoY	18.01%	26.40%	39.57%	36.99%	23.55%	25.75%
Property Expenses	203.51	184.48	150.5	107.72	79.72	63.27
Selling, General & Administrative	80.2	75.03	64.26	48.99	36.8	30.3
Depreciation & Amortization	269.25	244.51	196.79	151.27	115.27	98.89
Other Operating Expenses	2.52	1.63	1.56	0.31	0.12	0.17
Total Operating Expenses	555.49	505.65	413.12	308.29	231.9	192.63
Operating Income	348.45	292.18	218.08	143.95	98.23	74.58
Interest Expense	-84.99	-61.4	-48.5	-40.14	-30.85	-26.88
EBT Excluding Unusual Items	263.46	230.78	169.59	103.81	67.38	47.7
Gain (Loss) on Sale of Assets	24.88	19	8.49	33.93	13.62	16.3
Asset Writedown	-	-0.19	-	-0.99	-	-
Other Unusual Items	-	-	-0.92	-0.51	-0.1	-
Pretax Income	288.34	249.59	177.16	136.25	80.9	64
Earnings From Continuing Operations	288.34	249.59	177.16	136.25	80.9	64
Net Income to Company	288.34	249.59	177.16	136.25	80.9	64
Minority Interest in Earnings	-12.37	-11.58	-9.57	-8.01	-4.49	-2.02
Net Income	275.97	238.02	167.58	128.24	76.4	61.98
Preferred Dividends & Other Adjustments	10.84	10.57	10.1	16.48	15.05	11.5
Net Income to Common	265.13	227.45	157.48	111.76	61.35	50.48
Net Income Growth	27.21%	42.03%	30.68%	67.85%	23.27%	34.12%
Basic Shares Outstanding	215	203	170	139	121	106
Diluted Shares Outstanding	215	203	171	140	121	107
Shares Change (YoY)	9.50%	18.79%	22.06%	15.59%	13.46%	22.29%
EPS (Basic)	1.23	1.12	0.92	0.80	0.51	0.47
EPS (Diluted)	1.23	1.12	0.92	0.80	0.51	0.47
EPS Growth	17.01%	21.74%	15.00%	57.62%	7.99%	14.63%
Dividend Per Share	1.633	1.520	1.260	0.960	0.860	0.740
Dividend Growth	12.20%	20.63%	31.25%	11.63%	16.22%	15.63%
Operating Margin	38.55%	36.62%	34.55%	31.83%	29.75%	27.91%
Profit Margin	29.33%	28.51%	24.95%	24.71%	18.58%	18.89%
Free Cash Flow Margin	52.95%	53.59%	51.92%	51.18%	55.43%	52.21%
EBITDA	588.09	506.81	383.67	279.78	202.97	165.56
EBITDA Margin	65.06%	63.52%	60.78%	61.87%	61.48%	61.96%
D&A For Ebitda	239.64	214.63	165.59	135.83	104.74	90.98
EBIT	348.45	292.18	218.08	143.95	98.23	74.58
EBIT Margin	38.55%	36.62%	34.55%	31.83%	29.75%	27.91%
Funds From Operations (FFO)	532.71	475.1	365.47	253.59	182.55	146.6
Adjusted Funds From Operations (AFFO)	-	475.1	365.47	253.59	182.55	146.6
FFO Payout Ratio	66.17%	63.61%	57.59%	53.71%	56.22%	52.91%
Revenue as Reported	903.94	797.83	631.2	452.24	330.14	267.21

Source: S&P Capital IQ. Real Estate template. Financial Sources.