2020 Q1 Form 10-Q Financial Statement

#000157128320000023 Filed on May 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $77.68M $60.36M
YoY Change 28.69% 24.37%
Cost Of Revenue $18.11M $13.81M
YoY Change 31.14% 15.47%
Gross Profit $59.57M $46.55M
YoY Change 27.97% 27.26%
Gross Profit Margin 76.69% 77.12%
Selling, General & Admin $9.320M $7.340M
YoY Change 26.98% 19.16%
% of Gross Profit 15.65% 15.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.50M $22.00M
YoY Change 25.0% 12.82%
% of Gross Profit 46.16% 47.26%
Operating Expenses $54.95M $43.15M
YoY Change 27.35% 14.85%
Operating Profit $4.616M $3.398M
YoY Change 35.84% -441.85%
Interest Expense $7.449M $6.471M
YoY Change 15.11% 10.58%
% of Operating Profit 161.37% 190.44%
Other Income/Expense, Net
YoY Change
Pretax Income $15.27M $10.72M
YoY Change 42.44% -28.91%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $14.56M $10.52M
YoY Change 38.41% -28.78%
Net Earnings / Revenue 18.74% 17.42%
Basic Earnings Per Share $0.09 $0.08
Diluted Earnings Per Share $0.09 $0.08
COMMON SHARES
Basic Shares Outstanding 114.1M shares 98.34M shares
Diluted Shares Outstanding 114.3M shares 98.61M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $112.4M $276.6M
YoY Change -59.36% 1673.08%
Cash & Equivalents $112.4M $276.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $112.4M $276.6M
YoY Change -59.36% 1673.08%
LONG-TERM ASSETS
Property, Plant & Equipment $3.607B $2.632B
YoY Change 37.02% 29.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.900M $10.90M
YoY Change -45.87% 142.22%
Other Assets $2.800M $1.200M
YoY Change 133.33% -91.61%
Total Long-Term Assets $3.760B $2.761B
YoY Change 36.21% 28.38%
TOTAL ASSETS
Total Short-Term Assets $112.4M $276.6M
Total Long-Term Assets $3.760B $2.761B
Total Assets $3.872B $3.037B
YoY Change 27.5% 40.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.00M $26.90M
YoY Change 26.39% 25.7%
Accrued Expenses $5.000M $6.800M
YoY Change -26.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $600.0K $100.0K
YoY Change 500.0%
Total Short-Term Liabilities $95.90M $78.00M
YoY Change 22.95% 42.86%
LONG-TERM LIABILITIES
Long-Term Debt $903.2M $757.4M
YoY Change 19.25% 14.86%
Other Long-Term Liabilities $94.70M $63.90M
YoY Change 48.2% 171.91%
Total Long-Term Liabilities $997.9M $821.3M
YoY Change 21.5% 20.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $95.90M $78.00M
Total Long-Term Liabilities $997.9M $821.3M
Total Liabilities $1.094B $899.3M
YoY Change 21.63% 21.93%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.525B $2.043B
YoY Change 23.6% 57.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.613B $2.104B
YoY Change
Total Liabilities & Shareholders Equity $3.872B $3.037B
YoY Change 27.5% 40.23%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $14.56M $10.52M
YoY Change 38.41% -28.78%
Depreciation, Depletion And Amortization $27.50M $22.00M
YoY Change 25.0% 12.82%
Cash From Operating Activities $46.49M $36.18M
YoY Change 28.49% 43.59%
INVESTING ACTIVITIES
Capital Expenditures -$15.60M -$9.700M
YoY Change 60.82% -34.9%
Acquisitions
YoY Change
Other Investing Activities -$47.50M -$155.7M
YoY Change -69.49% 420.74%
Cash From Investing Activities -$63.14M -$165.4M
YoY Change -61.84% 269.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $79.43M $244.4M
YoY Change -67.5% -529.16%
Debt Paid & Issued, Net $50.00K $38.00K
YoY Change 31.58% -99.94%
Cash From Financing Activities $50.27M $225.2M
YoY Change -77.68% 592.29%
NET CHANGE
Cash From Operating Activities $46.49M $36.18M
Cash From Investing Activities -$63.14M -$165.4M
Cash From Financing Activities $50.27M $225.2M
Net Change In Cash $33.62M $95.97M
YoY Change -64.97% 640.2%
FREE CASH FLOW
Cash From Operating Activities $46.49M $36.18M
Capital Expenditures -$15.60M -$9.700M
Free Cash Flow $62.09M $45.88M
YoY Change 35.33% 14.42%

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CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
21996000 USD
CY2020Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2402000 USD
CY2019Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1751000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
343000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
344000 USD
CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-16000 USD
CY2019Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3570000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2579000 USD
CY2020Q1 us-gaap Straight Line Rent
StraightLineRent
1672000 USD
CY2019Q1 us-gaap Straight Line Rent
StraightLineRent
2067000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-300000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-396000 USD
CY2020Q1 us-gaap Payments For Commissions
PaymentsForCommissions
1820000 USD
CY2019Q1 us-gaap Payments For Commissions
PaymentsForCommissions
1413000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-170000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-533000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5437000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3936000 USD
CY2020Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
988000 USD
CY2019Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
753000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
1200000 USD
CY2019Q1 us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
-160000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
46493000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
36184000 USD
CY2020Q1 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
46503000 USD
CY2019Q1 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
145253000 USD
CY2020Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
15607000 USD
CY2019Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
9712000 USD
CY2020Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
1028000 USD
CY2019Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
10475000 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
791000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
50266000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-63138000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-165440000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
79431000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
244420000 USD
CY2020Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
50000 USD
CY2019Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
38000 USD
CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2225000 USD
CY2019Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2020Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3636000 USD
CY2019Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2423000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
21052000 USD
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
15490000 USD
CY2020Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
572000 USD
CY2019Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
448000 USD
CY2020Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
423000 USD
CY2019Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
0 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1207000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
225230000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
33621000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
95974000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
78857000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
180601000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112478000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
276575000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
8685000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
6940000 USD
CY2020Q1 rexr Right Of Use Asset Obtained In Exchangefor Operating Lease Liability Upon Implementationof Asc842on January12019
RightOfUseAssetObtainedInExchangeforOperatingLeaseLiabilityUponImplementationofASC842onJanuary12019
0 USD
CY2019Q1 rexr Right Of Use Asset Obtained In Exchangefor Operating Lease Liability Upon Implementationof Asc842on January12019
RightOfUseAssetObtainedInExchangeforOperatingLeaseLiabilityUponImplementationofASC842onJanuary12019
3262000 USD
CY2020Q1 rexr Right Of Use Asset Obtained In Exchange For Operating Lease Liability Relatedto Lease Modification
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityRelatedtoLeaseModification
1014000 USD
CY2019Q1 rexr Right Of Use Asset Obtained In Exchange For Operating Lease Liability Relatedto Lease Modification
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityRelatedtoLeaseModification
3457000 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
45833000 USD
CY2019Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7239000 USD
CY2019Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5481000 USD
CY2020Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
25931000 USD
CY2019Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
19774000 USD
CY2020Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
223 property
CY2020Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
27400000 sqft
CY2020Q1 rexr Number Of Real Estate Properties Additionally Managed
NumberOfRealEstatePropertiesAdditionallyManaged
19 property
CY2020Q1 rexr Area Of Real Estate Property Additionally Managed
AreaOfRealEstatePropertyAdditionallyManaged
1000000.0 sqft
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:20px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"/><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.  </span></div>
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
46000 USD
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
0 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
78857000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
0 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
78857000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
180601000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
180601000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
112432000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
276575000 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
46000 USD
CY2019Q1 us-gaap Restricted Cash
RestrictedCash
0 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
112478000 USD
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
276575000 USD
CY2020Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
900000 USD
CY2019Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
600000 USD
CY2020Q1 rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
300000 USD
CY2019Q1 rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
200000 USD
CY2020Q1 rexr Reit Taxable Income Distribution Requirement Percentage
ReitTaxableIncomeDistributionRequirementPercentage
0.90
CY2020Q1 rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
400000 USD
CY2019Q1 rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
100000 USD
CY2020Q1 rexr Acquisition Purchase Price
AcquisitionPurchasePrice
203200000 USD
CY2019 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
9700000 USD
CY2020Q1 us-gaap Net Rentable Area
NetRentableArea
863484 sqft
CY2020Q1 rexr Number Of Buildings Acquired
NumberOfBuildingsAcquired
25 building
CY2020Q1 rexr Acquisition Purchase Price
AcquisitionPurchasePrice
203155000 USD
CY2020Q1 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Land
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLand
141363000 USD
CY2020Q1 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Buildings
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedBuildings
61853000 USD
CY2020Q1 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Tenant Improvements
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTenantImprovements
1529000 USD
CY2020Q1 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Lease Intangible Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLeaseIntangibleAssets
9196000 USD
CY2020Q1 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Working Capital Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkingCapitalAssets
281000 USD
CY2020Q1 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedAssets
214222000 USD
CY2020Q1 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Liabilities
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseLiabilities
7303000 USD
CY2020Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
45833000 USD
CY2020Q1 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Working Capital Liabilities
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkingCapitalLiabilities
861000 USD
CY2020Q1 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Liabilities
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLiabilities
53997000 USD
CY2020Q1 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Net
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedNet
160225000 USD
CY2020Q1 rexr Below Market Lease Weighted Average Useful Life
BelowMarketLeaseWeightedAverageUsefulLife
P5Y10M24D
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
76138000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73090000 USD
CY2020Q1 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
63914000 USD
CY2019Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
59340000 USD
CY2020Q1 us-gaap Unsecured Debt
UnsecuredDebt
800000000 USD
CY2019Q4 us-gaap Unsecured Debt
UnsecuredDebt
800000000 USD
CY2020Q1 us-gaap Secured Debt
SecuredDebt
105645000 USD
CY2019Q4 us-gaap Secured Debt
SecuredDebt
60958000 USD
CY2020Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
905645000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
860958000 USD
CY2020Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1843000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3116000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
903802000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
857842000 USD
CY2020Q1 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
33488 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
560000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1200000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
101630000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
289245000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
10348000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
502662000 USD
CY2020Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
905645000 USD
CY2020Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
1100000 USD
CY2020Q1 rexr Operating Lease Fixed And Variable Lease Payments
OperatingLeaseFixedAndVariableLeasePayments
75100000 USD
CY2020Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
62900000 USD
CY2020Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
12200000 USD
CY2019Q1 rexr Operating Lease Fixed And Variable Lease Payments
OperatingLeaseFixedAndVariableLeasePayments
57900000 USD
CY2019Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
48500000 USD
CY2019Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
9300000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Rolling Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextRollingTwelveMonths
247146000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Two
LessorOperatingLeasePaymentsToBeReceivedRollingYearTwo
212374000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Three
LessorOperatingLeasePaymentsToBeReceivedRollingYearThree
172010000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Four
LessorOperatingLeasePaymentsToBeReceivedRollingYearFour
132910000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedRollingYearFive
93438000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received After Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedAfterRollingYearFive
298695000 USD
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1156573000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4300000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5000000.0 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3500000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3800000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
305000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
260000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
12000 USD
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
13000 USD
CY2020Q1 us-gaap Sublease Income
SubleaseIncome
0 USD
CY2019Q1 us-gaap Sublease Income
SubleaseIncome
79000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
317000 USD
CY2019Q1 us-gaap Lease Cost
LeaseCost
194000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
180000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
239000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1014000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6720000 USD
CY2019Q1 rexr Right Of Use Asset Obtained In Exchangefor Operating Lease Liability Upon Implementationof Asc842on January12019
RightOfUseAssetObtainedInExchangeforOperatingLeaseLiabilityUponImplementationofASC842onJanuary12019
3300000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0368
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0392
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
872000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1091000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1093000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1131000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1161000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
97000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5445000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
468000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4977000 USD
CY2020Q1 rexr Operating Lease Liability Payments Leases Not Commenced
OperatingLeaseLiabilityPaymentsLeasesNotCommenced
1900000 USD
CY2020Q1 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P5Y
CY2020Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
7500000 USD
CY2014Q1 rexr Estimated Remediation Costs
EstimatedRemediationCosts
1300000 USD
CY2014Q1 us-gaap Escrow Deposit
EscrowDeposit
1400000 USD
CY2014Q1 us-gaap Escrow Deposit
EscrowDeposit
1400000 USD
CY2014Q1 rexr Holdback Escrow Seller Funded
HoldbackEscrowSellerFunded
1300000 USD
CY2014Q1 rexr Holdback Escrow Buyer Funded
HoldbackEscrowBuyerFunded
100000 USD
CY2014Q1 rexr Maximum Seller Liability Remedian Costs
MaximumSellerLiabilityRemedianCosts
1300000 USD
CY2020Q1 us-gaap Other Commitment
OtherCommitment
38900000 USD
CY2020Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
CY2020Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2206957 shares
CY2020Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
36.62
CY2020Q1 rexr Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
80800000 USD
CY2020Q1 rexr Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
79600000 USD
CY2020Q1 rexr Acquisition Purchase Price
AcquisitionPurchasePrice
203200000 USD
CY2020Q1 rexr Acquisition Equity Interests Issued Common Stock Price
AcquisitionEquityInterestsIssuedCommonStockPrice
45.00
CY2020Q1 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
40800000 USD
CY2020Q1 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
0.7722 shares
CY2020Q1 rexr Unvested Performance Unit Distribution Sharing Percentage
UnvestedPerformanceUnitDistributionSharingPercentage
0.10
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-126000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-14408000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5001000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-15398000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-4275000 USD
CY2020Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-430000 USD
CY2019Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
852000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-14968000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5127000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-560000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
15272000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
10717000 USD
CY2020Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3636000 USD
CY2019Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2423000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
717000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
201000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
131000 USD
CY2019Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
114000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10788000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7979000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114054434 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98342677 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
259897 shares
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
265109 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114314331 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98607786 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08

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