Rexford Posts Flat Q3 Core FFO of $0.60, Raises 2026 Guidance
REXR is trading near its 52-week low of $32.14 (12% above the low).
Summary
Rexford delivered Q3 2026 Core FFO of $0.60 per share, unchanged from a year ago, and lifted its full-year 2026 Core FFO guidance. GAAP net income was just $0.07 per share after $71.8 million of impairments, so the cash metric is doing the heavy lifting. The company has sold $1.5 billion of assets year-to-date and bought back $708.7 million of stock, extending the portfolio-pruning and capital-return program that began with the $1.2 billion EQT portfolio sale closed in September. The soft spot is operations: Same Property NOI fell 2.6% year-over-year on rent compression, occupancy and bad debt. The raised guidance supports the stock, but the flat core metric and negative same-property NOI mean the re-leasing spread and occupancy trend is what determines whether the guidance raise holds.
At the time of this announcement, REXR was trading at $36.07 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $8.1B. The 52-week trading range was $32.14 to $43.55. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.