2022 Q3 Form 10-Q Financial Statement

#000157128322000030 Filed on July 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $162.7M $149.1M $132.7M
YoY Change 41.02% 42.89% 49.71%
Cost Of Revenue $39.61M $35.41M $32.09M
YoY Change 44.05% 44.19% 45.67%
Gross Profit $123.1M $113.7M $100.6M
YoY Change 40.08% 42.49% 51.04%
Gross Profit Margin 75.66% 76.26% 75.82%
Selling, General & Admin $14.95M $14.86M $15.01M
YoY Change 26.64% 38.97% 66.03%
% of Gross Profit 12.14% 13.07% 14.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $51.15M $46.61M $41.22M
YoY Change 32.24% 28.5% 34.71%
% of Gross Profit 41.54% 40.99% 40.97%
Operating Expenses $66.10M $61.47M $56.23M
YoY Change 30.93% 31.01% 41.99%
Operating Profit $57.04M $52.24M $44.39M
YoY Change 52.42% 58.87% 64.29%
Interest Expense -$14.98M $10.17M -$10.37M
YoY Change -243.62% 5.99% 19.57%
% of Operating Profit -26.26% 19.46% -23.35%
Other Income/Expense, Net $413.0K $295.0K
YoY Change 10225.0% 14650.0%
Pretax Income $41.65M $40.90M $39.38M
YoY Change 3.64% 57.09% 116.85%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $39.28M $38.61M $37.23M
YoY Change 3.33% 58.72% 105.05%
Net Earnings / Revenue 24.14% 25.89% 28.05%
Basic Earnings Per Share $0.21 $0.22
Diluted Earnings Per Share $227.3K $0.22 $241.7K
COMMON SHARES
Basic Shares Outstanding 171.1M shares 164.9M shares 151.5M shares
Diluted Shares Outstanding 172.8M shares 165.2M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.14M $34.32M $43.99M
YoY Change -38.26% -46.56% -75.05%
Cash & Equivalents $37.14M $34.32M $43.99M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $37.14M $34.32M $43.99M
YoY Change -38.26% -46.56% -75.05%
LONG-TERM ASSETS
Property, Plant & Equipment $8.489B $7.518B $6.461B
YoY Change 43.69% 50.76% 41.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.200M $18.48M $8.445M
YoY Change -14.67% 27.06% 105.98%
Other Assets $5.184M $5.532M $9.185M
YoY Change 131.22% -83.61% -25.33%
Total Long-Term Assets $8.862B $7.845B $6.737B
YoY Change 43.77% 50.81% 41.1%
TOTAL ASSETS
Total Short-Term Assets $37.14M $34.32M $43.99M
Total Long-Term Assets $8.862B $7.845B $6.737B
Total Assets $8.899B $7.879B $6.781B
YoY Change 42.98% 49.63% 36.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $102.4M $69.84M $60.83M
YoY Change 41.15% 59.1% 55.98%
Accrued Expenses $11.40M $11.90M $5.000M
YoY Change 109.48% 105.17% -21.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $243.5M $202.5M $163.3M
YoY Change 41.57% 63.38% 50.83%
LONG-TERM LIABILITIES
Long-Term Debt $1.934B $1.661B $1.400B
YoY Change 39.53% 36.34% 15.23%
Other Long-Term Liabilities $174.8M $164.2M $150.6M
YoY Change 26.69% 80.36% 54.1%
Total Long-Term Liabilities $2.109B $1.825B $1.550B
YoY Change 38.37% 39.4% 18.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $243.5M $202.5M $163.3M
Total Long-Term Liabilities $2.109B $1.825B $1.550B
Total Liabilities $2.714B $2.027B $1.713B
YoY Change 60.03% 41.47% 20.62%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $6.257B $5.559B $4.830B
YoY Change 46.01% 58.77% 51.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.184B $5.495B $4.785B
YoY Change
Total Liabilities & Shareholders Equity $8.899B $7.879B $6.781B
YoY Change 42.98% 49.63% 36.96%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $39.28M $38.61M $37.23M
YoY Change 3.33% 58.72% 105.05%
Depreciation, Depletion And Amortization $51.15M $46.61M $41.22M
YoY Change 32.24% 28.5% 34.71%
Cash From Operating Activities $98.04M $71.32M $51.52M
YoY Change 25.26% 9.25% 41.54%
INVESTING ACTIVITIES
Capital Expenditures -$35.04M -$27.94M -$30.89M
YoY Change 58.75% 5.78% 45.01%
Acquisitions
YoY Change
Other Investing Activities -$970.6M -$550.7M -$529.2M
YoY Change 10.1% 119.97% -28.9%
Cash From Investing Activities -$1.006B -$578.6M -$560.0M
YoY Change 11.29% 109.07% -26.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 910.4M 492.8M 492.3M
YoY Change 10.85% 224.83% -20.67%
NET CHANGE
Cash From Operating Activities 98.04M 71.32M 51.52M
Cash From Investing Activities -1.006B -578.6M -560.0M
Cash From Financing Activities 910.4M 492.8M 492.3M
Net Change In Cash 2.824M -14.53M -16.21M
YoY Change -169.88% -75.7% -85.05%
FREE CASH FLOW
Cash From Operating Activities $98.04M $71.32M $51.52M
Capital Expenditures -$35.04M -$27.94M -$30.89M
Free Cash Flow $133.1M $99.26M $82.41M
YoY Change 32.63% 8.25% 42.82%

Facts In Submission

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EarningsPerShareBasic
0.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164895701 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134312672 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162774059 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132970234 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
165200577 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134819742 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
163136372 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133296701 shares
CY2022Q2 us-gaap Profit Loss
ProfitLoss
40901000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
26037000 usd
us-gaap Profit Loss
ProfitLoss
89801000 usd
us-gaap Profit Loss
ProfitLoss
56680000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
716000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
716000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1797000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7167000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5706000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
41617000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
27834000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
96968000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
62386000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2306000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1830000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5041000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3995000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
39311000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
26004000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
91927000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
58391000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5387760000 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
425410000 usd
CY2022Q2 rexr Offering Costs
OfferingCosts
6339000 usd
CY2022Q2 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
56167000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6506000 usd
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
10000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
40901000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
716000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
716000 usd
CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
2315000 usd
CY2022Q2 rexr Noncontrolling Interest Decreasefrom Distributionsto Noncontrolling Preferred Interest Holders
NoncontrollingInterestDecreasefromDistributionstoNoncontrollingPreferredInterestHolders
798000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.315
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
53885000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2415000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5851698000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3648218000 usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
193341000 usd
CY2021Q2 rexr Offering Costs
OfferingCosts
2144000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4559000 usd
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
10000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
26037000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1797000 usd
CY2021Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3637000 usd
CY2021Q2 rexr Noncontrolling Interest Decreasefrom Distributionsto Noncontrolling Preferred Interest Holders
NoncontrollingInterestDecreasefromDistributionstoNoncontrollingPreferredInterestHolders
708000 usd
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
33054000 usd
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1627000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3832772000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5067695000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
736023000 usd
rexr Offering Costs
OfferingCosts
11246000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
56167000 usd
rexr Noncontrolling Interest Increasefrom Subsidiary Equity Issuance Preferred
NoncontrollingInterestIncreasefromSubsidiaryEquityIssuancePreferred
12000000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
12681000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2025000 usd
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
us-gaap Profit Loss
ProfitLoss
89801000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7167000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
4629000 usd
rexr Noncontrolling Interest Decreasefrom Distributionsto Noncontrolling Preferred Interest Holders
NoncontrollingInterestDecreasefromDistributionstoNoncontrollingPreferredInterestHolders
1521000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.63
us-gaap Dividends Common Stock
DividendsCommonStock
105866000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4549000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5851698000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3530592000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
313176000 usd
rexr Offering Costs
OfferingCosts
3732000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
8898000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1365000 usd
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
us-gaap Profit Loss
ProfitLoss
56680000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5706000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
7273000 usd
rexr Noncontrolling Interest Decreasefrom Distributionsto Noncontrolling Preferred Interest Holders
NoncontrollingInterestDecreasefromDistributionstoNoncontrollingPreferredInterestHolders
1416000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
us-gaap Dividends Common Stock
DividendsCommonStock
65190000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3304000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3832772000 usd
us-gaap Profit Loss
ProfitLoss
89801000 usd
us-gaap Profit Loss
ProfitLoss
56680000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
89080000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
71372000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-11217000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-6098000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1083000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
894000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
123000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-57000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-877000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
8486000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
13610000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
12394000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
8724000 usd
us-gaap Straight Line Rent
StraightLineRent
15342000 usd
us-gaap Straight Line Rent
StraightLineRent
9039000 usd
rexr Realized Gains Losses On Derivative Operating
RealizedGainsLossesOnDerivativeOperating
589000 usd
rexr Realized Gains Losses On Derivative Operating
RealizedGainsLossesOnDerivativeOperating
0 usd
rexr Amortization Of Termination And Settlement Of Derivative Instruments
AmortizationOfTerminationAndSettlementOfDerivativeInstruments
274000 usd
rexr Amortization Of Termination And Settlement Of Derivative Instruments
AmortizationOfTerminationAndSettlementOfDerivativeInstruments
820000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1987000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2059000 usd
us-gaap Payments For Commissions
PaymentsForCommissions
3140000 usd
us-gaap Payments For Commissions
PaymentsForCommissions
6701000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-5636000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4506000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-607000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3270000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
3641000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
5117000 usd
us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
2608000 usd
us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
708000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
162907000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
101677000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
992482000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
412819000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
55217000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
49514000 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
17850000 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
14540000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
15315000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
27715000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1050234000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-449158000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
724777000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
309444000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1252000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
15000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
991185000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
15652000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5513000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
975000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4629000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
7273000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
90504000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
60392000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3754000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3168000 usd
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1521000 usd
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1416000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2025000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1365000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
877646000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
234203000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-9681000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-113278000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43998000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177523000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34317000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
64245000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4402000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1625000 usd
us-gaap Interest Paid Net
InterestPaidNet
18482000 usd
us-gaap Interest Paid Net
InterestPaidNet
18118000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6363000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 usd
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
3346000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
16420000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11915000 usd
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
56300000 usd
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
34681000 usd
CY2022Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
330 property
CY2022Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
39400000 sqft
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe 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.
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
ReclassificationsCertain prior year amounts in the consolidated financial statements have been reclassified to conform to the current year presentation. These reclassifications relate to acquisition expenses for the prior period presented that have been reclassified to “Other expenses” to conform to the current period’s presentation and they have no effect on net income or stockholders’ equity as previously reported.
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43987000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
176293000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
11000 usd
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
1230000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43998000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177523000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
34317000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
64219000 usd
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2021Q2 us-gaap Restricted Cash
RestrictedCash
26000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34317000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
64245000 usd
CY2022Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2400000 usd
CY2021Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
900000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4400000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1600000 usd
CY2022Q2 rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
1300000 usd
CY2021Q2 rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
400000 usd
rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
2300000 usd
rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
800000 usd
CY2021Q2 us-gaap Impaired Assets To Be Disposed Of By Method Other Than Sale Amount Of Impairment Loss
ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss
0 usd
CY2022Q2 us-gaap Impaired Assets To Be Disposed Of By Method Other Than Sale Amount Of Impairment Loss
ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss
0 usd
us-gaap Impaired Assets To Be Disposed Of By Method Other Than Sale Amount Of Impairment Loss
ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss
0 usd
us-gaap Impaired Assets To Be Disposed Of By Method Other Than Sale Amount Of Impairment Loss
ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss
0 usd
rexr Reit Taxable Income Distribution Requirement Percentage
ReitTaxableIncomeDistributionRequirementPercentage
0.90
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q2 rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
200000 usd
CY2021Q2 rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
-100000 usd
rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
200000 usd
rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
-600000 usd
CY2022Q2 us-gaap Net Rentable Area
NetRentableArea
2873006 sqft
CY2022Q2 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Tenant Improvements
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTenantImprovements
7159000 usd
CY2022Q2 rexr Number Of Buildings Acquired
NumberOfBuildingsAcquired
45 building
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
1056548000 usd
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AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLiabilities
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CY2021Q2 us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
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us-gaap Variable Lease Cost
VariableLeaseCost
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us-gaap Variable Lease Cost
VariableLeaseCost
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CY2021Q2 us-gaap Sublease Income
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us-gaap Sublease Income
SubleaseIncome
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us-gaap Sublease Income
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453000 usd
CY2021Q2 us-gaap Lease Cost
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us-gaap Lease Cost
LeaseCost
858000 usd
us-gaap Lease Cost
LeaseCost
835000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
497000 usd
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
375000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
906000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
681000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
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500000 usd
CY2022Q2 rexr Sale Of Stock Forward Sale Agreement Shares Remaining For Settlement Net Forward Sales Price
SaleOfStockForwardSaleAgreementSharesRemainingForSettlementNetForwardSalesPrice
59.42
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1151000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2308000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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682000 usd
CY2022Q2 rexr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
20750000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28312000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16451000 usd
CY2022Q2 us-gaap Operating Lease Liability
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11861000 usd
CY2022Q2 us-gaap Other Commitment
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77700000 usd
CY2022Q2 us-gaap Cash Fdic Insured Amount
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250000 usd
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
6450000 shares
CY2022Q2 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
161250000 usd
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
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6450000 shares
CY2021Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
161250000 usd
CY2022Q2 us-gaap Stock Issued During Period Shares New Issues
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5967783 shares
CY2022Q2 rexr Sale Of Stock Net Proceeds From Settlement Of Forward Sale Agreement
SaleOfStockNetProceedsFromSettlementOfForwardSaleAgreement
419400000 usd
us-gaap Stock Issued During Period Shares New Issues
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10369893 shares
rexr Sale Of Stock Net Proceeds From Settlement Of Forward Sale Agreement
SaleOfStockNetProceedsFromSettlementOfForwardSaleAgreement
725400000 usd
CY2022Q2 rexr Sale Of Stock Forward Sale Agreement Net Forward Sale Price Per Share
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70.28
rexr Sale Of Stock Forward Sale Agreement Net Forward Sale Price Per Share
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CY2022Q2 rexr Sale Of Stock Forward Sale Agreement Shares Remaining For Settlement
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CY2022Q2 rexr Sale Of Stock Forward Sale Agreement Net Proceeds Remaining For Settlement
SaleOfStockForwardSaleAgreementNetProceedsRemainingForSettlement
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us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
267000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
316000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6900000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5390000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4629000 usd
rexr Share Based Compensation Arrangement By Share Based Payment Award Performance Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3679000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
203000 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
139000 usd
CY2022Q2 us-gaap Profit Loss
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40901000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
26037000 usd
us-gaap Profit Loss
ProfitLoss
89801000 usd
us-gaap Profit Loss
ProfitLoss
56680000 usd
CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2315000 usd
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3637000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7273000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2290000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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1710000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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4774000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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404000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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280000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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36093000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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36093000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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20551000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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20551000 usd
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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45448000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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164895701 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134312672 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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132970234 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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304876 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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507070 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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362313 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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326467 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
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EarningsPerShareBasic
0.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2022Q2 rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
1300000 usd
rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
2300000 usd

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