2023 Q4 Form 10-Q Financial Statement

#000157128323000042 Filed on October 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $210.4M $205.4M
YoY Change 17.83% 26.21%
Cost Of Revenue $49.26M $48.10M
YoY Change 17.13% 21.42%
Gross Profit $161.2M $157.3M
YoY Change 18.04% 27.75%
Gross Profit Margin 76.59% 76.58%
Selling, General & Admin $19.99M $18.60M
YoY Change 1.29% 24.41%
% of Gross Profit 12.4% 11.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $65.84M $60.50M
YoY Change 16.39% 18.29%
% of Gross Profit 40.85% 38.46%
Operating Expenses $85.83M $79.00M
YoY Change 12.48% 19.52%
Operating Profit $75.34M $78.30M
YoY Change 25.08% 37.28%
Interest Expense -$14.57M $15.95M
YoY Change 6.58% -206.5%
% of Operating Profit -19.34% 20.37%
Other Income/Expense, Net $551.0K
YoY Change 33.41%
Pretax Income $67.32M $61.80M
YoY Change 47.28% 48.39%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $61.68M $58.97M
YoY Change 51.46% 50.12%
Net Earnings / Revenue 29.31% 28.71%
Basic Earnings Per Share $0.27
Diluted Earnings Per Share $0.29 $0.27
COMMON SHARES
Basic Shares Outstanding 211.1M shares 206.4M shares
Diluted Shares Outstanding 205.4M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.44M $83.00M
YoY Change -9.08% 123.47%
Cash & Equivalents $33.44M $83.27M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $33.44M $83.00M
YoY Change -9.08% 123.47%
LONG-TERM ASSETS
Property, Plant & Equipment $10.37B $10.09B
YoY Change 17.03% 18.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.125M $0.00
YoY Change 30.77% -100.0%
Other Assets $3.426M $4.000M
YoY Change -29.05% -22.84%
Total Long-Term Assets $10.90B $10.49B
YoY Change 18.15% 18.43%
TOTAL ASSETS
Total Short-Term Assets $33.44M $83.00M
Total Long-Term Assets $10.90B $10.49B
Total Assets $10.93B $10.58B
YoY Change 18.04% 18.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $128.8M $146.0M
YoY Change 48.79% 42.62%
Accrued Expenses $8.900M $9.000M
YoY Change -18.35% -21.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $297.4M $320.0M
YoY Change 28.51% 31.44%
LONG-TERM LIABILITIES
Long-Term Debt $2.226B $2.228B
YoY Change 14.95% 15.2%
Other Long-Term Liabilities $262.6M $186.0M
YoY Change 56.2% 6.38%
Total Long-Term Liabilities $2.488B $2.414B
YoY Change 18.25% 14.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $297.4M $320.0M
Total Long-Term Liabilities $2.488B $2.414B
Total Liabilities $2.786B $2.734B
YoY Change 19.26% 0.73%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $7.943B $7.615B
YoY Change 19.46% 21.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.767B $7.472B
YoY Change
Total Liabilities & Shareholders Equity $10.93B $10.58B
YoY Change 18.04% 18.87%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $61.68M $58.97M
YoY Change 51.46% 50.12%
Depreciation, Depletion And Amortization $65.84M $60.50M
YoY Change 16.39% 18.29%
Cash From Operating Activities $115.9M $108.9M
YoY Change 73.7% 11.08%
INVESTING ACTIVITIES
Capital Expenditures $99.36M $75.10M
YoY Change 121.62% -314.31%
Acquisitions
YoY Change
Other Investing Activities -$304.4M -$301.9M
YoY Change -12.67% -68.89%
Cash From Investing Activities -$403.6M -$377.1M
YoY Change 2.61% -62.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 237.9M 215.2M
YoY Change -27.1% -76.36%
NET CHANGE
Cash From Operating Activities 115.9M 108.9M
Cash From Investing Activities -403.6M -377.1M
Cash From Financing Activities 237.9M 215.2M
Net Change In Cash -49.84M -53.00M
YoY Change 13940.0% -1976.77%
FREE CASH FLOW
Cash From Operating Activities $115.9M $108.9M
Capital Expenditures $99.36M $75.10M
Free Cash Flow $16.58M $33.80M
YoY Change -24.33% -74.6%

Facts In Submission

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212265000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
144389000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
8504000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
6169000 usd
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
2402000 usd
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
2319000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1891000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2138000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1007701000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1788027000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
46482000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-6857000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43998000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
83268000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37141000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
16060000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
8021000 usd
us-gaap Interest Paid Net
InterestPaidNet
39826000 usd
us-gaap Interest Paid Net
InterestPaidNet
33330000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6363000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
53249000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
26059000 usd
CY2023Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
81423000 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
59926000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
83268000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37141000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
371 property
CY2023Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
45000000 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.
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43987000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
11000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
83268000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37141000 usd
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
6200000 usd
CY2022Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3600000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
16100000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
8000000 usd
CY2023Q3 rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
1900000 usd
CY2022Q3 rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
1500000 usd
rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
5000000 usd
rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
3900000 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
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
200000 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
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q3 rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
-1000000 usd
CY2022Q3 rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
100000 usd
rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
-2600000 usd
rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
300000 usd
CY2023Q3 us-gaap Net Rentable Area
NetRentableArea
3137379 sqft
CY2023Q3 rexr Number Of Buildings Acquired
NumberOfBuildingsAcquired
24 building
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
1160263000 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
-2300000 usd
rexr Asset Acquisition Consideration Transferred Including Transaction Costs
AssetAcquisitionConsiderationTransferredIncludingTransactionCosts
1163000000 usd
CY2023Q3 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Land
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLand
770448000 usd
CY2023Q3 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Buildings
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedBuildings
401183000 usd
CY2023Q3 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Tenant Improvements
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTenantImprovements
4105000 usd
CY2023Q3 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Lease Intangible Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLeaseIntangibleAssets
19830000 usd
CY2023Q3 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Working Capital Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkingCapitalAssets
915000 usd
CY2023Q3 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedAssets
1196481000 usd
CY2023Q3 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Liabilities
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseLiabilities
32984000 usd
CY2023Q3 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Working Capital Liabilities
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkingCapitalLiabilities
40098000 usd
CY2023Q3 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Liabilities
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLiabilities
73082000 usd
CY2023Q3 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Net
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedNet
1123399000 usd
rexr Intangible Liabilities Weighted Average Amortization Period
IntangibleLiabilitiesWeightedAverageAmortizationPeriod
P20Y9M18D
CY2023Q3 us-gaap Prepaid Rent
PrepaidRent
29700000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
154036000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
169986000 usd
CY2023Q3 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
155582000 usd
CY2022Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
147384000 usd
CY2023Q3 us-gaap Unsecured Debt
UnsecuredDebt
2125000000 usd
CY2022Q4 us-gaap Unsecured Debt
UnsecuredDebt
1825000000 usd
CY2023Q3 us-gaap Secured Debt
SecuredDebt
120605000 usd
CY2022Q4 us-gaap Secured Debt
SecuredDebt
125515000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2245605000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1950515000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
17968000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
14134000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
2227637000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1936381000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2580000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
473403000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
100973000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
7587000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
444078000 usd
CY2023Q3 rexr Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
1216984000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2245605000 usd
CY2023Q3 rexr Operating Lease Fixed And Variable Lease Payments
OperatingLeaseFixedAndVariableLeasePayments
196900000 usd
rexr Operating Lease Fixed And Variable Lease Payments
OperatingLeaseFixedAndVariableLeasePayments
561600000 usd
CY2023Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
161500000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
461300000 usd
CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
35400000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
100300000 usd
CY2022Q3 rexr Operating Lease Fixed And Variable Lease Payments
OperatingLeaseFixedAndVariableLeasePayments
155500000 usd
rexr Operating Lease Fixed And Variable Lease Payments
OperatingLeaseFixedAndVariableLeasePayments
433800000 usd
CY2022Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
127300000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
354700000 usd
CY2022Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
28200000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
79100000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Rolling Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextRollingTwelveMonths
605099000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Two
LessorOperatingLeasePaymentsToBeReceivedRollingYearTwo
534771000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Three
LessorOperatingLeasePaymentsToBeReceivedRollingYearThree
442600000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Four
LessorOperatingLeasePaymentsToBeReceivedRollingYearFour
339798000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedRollingYearFive
267098000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received After Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedAfterRollingYearFive
981101000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3170467000 usd
CY2023Q1 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
200000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7300000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
9400000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8500000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10900000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
425000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
455000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1351000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1387000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
44000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
27000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
112000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
87000 usd
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2022Q3 us-gaap Sublease Income
SubleaseIncome
67000 usd
us-gaap Sublease Income
SubleaseIncome
0 usd
us-gaap Sublease Income
SubleaseIncome
201000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
469000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
415000 usd
us-gaap Lease Cost
LeaseCost
1463000 usd
us-gaap Lease Cost
LeaseCost
1273000 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
573000 usd
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
547000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1741000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1450000 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6363000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P41Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P36Y6M
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0382
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0377
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
567000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2297000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1122000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
681000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
696000 usd
CY2023Q3 rexr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
20051000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
25414000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16006000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
9408000 usd
CY2023Q1 rexr Number Of Executed Treasury Rate Lock Agreements
NumberOfExecutedTreasuryRateLockAgreements
3 agreement
CY2022Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
161250000 usd
CY2023Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-13000000 usd
CY2023Q3 us-gaap Other Commitment
OtherCommitment
223400000 usd
CY2023Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
6450000 shares
CY2023Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
161250000 usd
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
6450000 shares
CY2023Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
7997000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
12326000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
20354000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
17743000 usd
CY2023Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3237000 usd
CY2022Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-368000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
7041000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2118000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4760000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12694000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
13313000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
19861000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
143000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
497000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
418000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
764000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4617000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
12197000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
12895000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
19097000 usd
rexr Share Based Compensation Arrangement By Share Based Payment Award Performance Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod
P3Y
CY2023Q3 us-gaap Profit Loss
ProfitLoss
61790000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
41648000 usd
us-gaap Profit Loss
ProfitLoss
182270000 usd
us-gaap Profit Loss
ProfitLoss
131449000 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2314000 usd
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2314000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6943000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6943000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2824000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2368000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8605000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7142000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
314000 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
201000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
952000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
605000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
56338000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56338000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
36765000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
36765000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
165770000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
165770000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
116759000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
116759000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
205279681 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
171908895 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
200455490 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
165852466 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
167851 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
922278 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
212083 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
548968 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205447532 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
172831173 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
200667573 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
166401434 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.70
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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rexr-20230930_cal.xml Edgar Link unprocessable
0001571283-23-000042-index-headers.html Edgar Link pending
0001571283-23-000042-index.html Edgar Link pending
0001571283-23-000042.txt Edgar Link pending
0001571283-23-000042-xbrl.zip Edgar Link pending
ex101firstamendmenttonotep.htm Edgar Link pending
ex102firstamendmenttonotep.htm Edgar Link pending
ex103thirdamendmenttonotep.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
rexr-20230930.htm Edgar Link pending
rexr-20230930.xsd Edgar Link pending
rexr-20230930_def.xml Edgar Link unprocessable
rexr-20230930_lab.xml Edgar Link unprocessable
rexr-20230930_htm.xml Edgar Link completed
rexr-q3x2023ex221.htm Edgar Link pending
rexrq3-2023ex311.htm Edgar Link pending
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Show.js Edgar Link pending
rexr-20230930_pre.xml Edgar Link unprocessable