REXR Rexford Industrial (REXR) Q1 FY26 earnings call
Rexford Industrial delivered a strong first quarter, marked by record leasing activity and strategic capital recycling through dispositions and share repurchases. Despite ongoing market pressures including negative net absorption and declining rents, the company raised its full-year Core FFO and same-property NOI guidance, driven by operational rigor and a focus on occupancy. Management noted early positive signs of market improvement, particularly in tenant activity, while maintaining a disciplined approach to capital allocation.
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REXR operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Square feet Leases executed | 4.1M sq ftWe set a record for leasing activity, executing 4.1 million square feet of leases, reflecting increased tenant activity and demand for our higher-quality portfolio.Source: earnings call transcript | 2.1M sq ftWe executed 2.1 million square feet, which brings our year-to-date total to 6.2 million square feet, a 2 million square foot improvement compared to the first half of last year.Source: earnings call transcript | 3.7M sq ft+During the quarter, we executed more than 3.7 million square feet of leasing, our second highest quarter of leasing ever.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.