$REXR
Rexford Industrial Realty, Inc.

2024 Q3 Form 10-Q Financial Statement

#000157128324000034 Filed on July 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $241.8M $237.6M
YoY Change 17.74% 21.36%
Cost Of Revenue $54.87M $51.91M
YoY Change 14.07% 17.14%
Gross Profit $187.0M $185.7M
YoY Change 18.87% 22.59%
Gross Profit Margin 77.31% 78.15%
Selling, General & Admin $20.93M $19.31M
YoY Change 12.51% 5.69%
% of Gross Profit 11.19% 10.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.24M $67.90M
YoY Change 14.45% 15.48%
% of Gross Profit 37.03% 36.57%
Operating Expenses $90.17M $87.20M
YoY Change 14.14% 13.16%
Operating Profit $96.81M $98.47M
YoY Change 23.64% 32.35%
Interest Expense -$27.34M -$28.41M
YoY Change -271.42% 65.38%
% of Operating Profit -28.24% -28.85%
Other Income/Expense, Net -$492.0K $304.0K
YoY Change -189.29% -0.65%
Pretax Income $70.72M $86.02M
YoY Change 14.44% 51.15%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $65.06M $79.75M
YoY Change 10.34% 54.68%
Net Earnings / Revenue 26.9% 33.57%
Basic Earnings Per Share $0.30 $0.37
Diluted Earnings Per Share $0.30 $0.37
COMMON SHARES
Basic Shares Outstanding 219.5M shares 217.8M shares
Diluted Shares Outstanding 219.1M shares 217.4M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.84M $125.7M
YoY Change -25.5% -7.76%
Cash & Equivalents $61.84M $125.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $61.84M $125.7M
YoY Change -25.5% -7.76%
LONG-TERM ASSETS
Property, Plant & Equipment $11.75B $11.63B
YoY Change 16.39% 19.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $1.250M
YoY Change -85.63%
Other Assets $2.356M $2.713M
YoY Change -41.1% -34.45%
Total Long-Term Assets $12.36B $12.24B
YoY Change 17.76% 21.34%
TOTAL ASSETS
Total Short-Term Assets $61.84M $125.7M
Total Long-Term Assets $12.36B $12.24B
Total Assets $12.42B $12.37B
YoY Change 17.42% 20.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.1M $154.0M
YoY Change 15.81% 54.02%
Accrued Expenses $10.20M $10.70M
YoY Change 13.33% 8.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $356.4M $339.7M
YoY Change 11.36% 25.64%
LONG-TERM LIABILITIES
Long-Term Debt $3.350B $3.349B
YoY Change 50.37% 50.36%
Other Long-Term Liabilities $248.8M $264.6M
YoY Change 33.79% 52.84%
Total Long-Term Liabilities $3.599B $3.613B
YoY Change 49.09% 50.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $356.4M $339.7M
Total Long-Term Liabilities $3.599B $3.613B
Total Liabilities $4.350B $4.343B
YoY Change 59.09% 42.93%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $8.321B $8.238B
YoY Change 9.27% 12.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.071B $8.026B
YoY Change
Total Liabilities & Shareholders Equity $12.42B $12.37B
YoY Change 17.42% 20.95%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $65.06M $79.75M
YoY Change 10.34% 54.68%
Depreciation, Depletion And Amortization $69.24M $67.90M
YoY Change 14.45% 15.48%
Cash From Operating Activities $127.2M $101.7M
YoY Change 16.84% 22.22%
INVESTING ACTIVITIES
Capital Expenditures $120.0M $85.12M
YoY Change 59.78% 77.88%
Acquisitions
YoY Change
Other Investing Activities -$52.53M -$127.7M
YoY Change -82.6% 55.79%
Cash From Investing Activities -$172.5M -$212.8M
YoY Change -54.25% 63.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.59M -100.1M
YoY Change -108.64% 15.13%
NET CHANGE
Cash From Operating Activities 127.2M 101.7M
Cash From Investing Activities -172.5M -212.8M
Cash From Financing Activities -18.59M -100.1M
Net Change In Cash -63.87M -211.2M
YoY Change 20.52% 58.15%
FREE CASH FLOW
Cash From Operating Activities $127.2M $101.7M
Capital Expenditures $120.0M $85.12M
Free Cash Flow $7.245M $16.55M
YoY Change -78.57% -53.17%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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rexr Realized Losses On Derivative Operating
RealizedLossesOnDerivativeOperating
274000 usd
rexr Realized Losses On Derivative Operating
RealizedLossesOnDerivativeOperating
265000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-450000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1112000 usd
us-gaap Payments For Commissions
PaymentsForCommissions
14230000 usd
us-gaap Payments For Commissions
PaymentsForCommissions
10401000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-9900000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-5865000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
187000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1660000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-1865000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
1342000 usd
us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
19679000 usd
us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
7885000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
235419000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
202689000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
1236895000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
811162000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
165018000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
92086000 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-875000 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
8700000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
34422000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
16239000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1366616000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-895709000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
290116000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
652597000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1129875000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
646925000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6466000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
354544000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3974000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3042000 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
4629000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
171634000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
135868000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
6451000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5531000 usd
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1332000 usd
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1604000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2042000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1788000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33444000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
15276000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
9874000 usd
us-gaap Interest Paid Net
InterestPaidNet
26043000 usd
us-gaap Interest Paid Net
InterestPaidNet
26908000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2084000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
74826000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
38977000 usd
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
94582000 usd
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
79370000 usd
CY2024Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
422 property
CY2024Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
49700000 sqft
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:15pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div>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.
CY2024Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7400000 usd
CY2023Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4900000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
15300000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
9900000 usd
CY2024Q2 rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
2000000.0 usd
CY2023Q2 rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
1500000 usd
rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
4400000 usd
rexr Real Estate Taxes And Insurance Costs Capitalized
RealEstateTaxesAndInsuranceCostsCapitalized
3100000 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
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2024Q2 rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
-800000 usd
CY2023Q2 rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
-1200000 usd
rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
-2500000 usd
rexr Adjustment To Rental Income Resulting From Lease Collectibility Assessment
AdjustmentToRentalIncomeResultingFromLeaseCollectibilityAssessment
-1600000 usd
CY2024Q2 us-gaap Net Rentable Area
NetRentableArea
3743959 sqft
CY2024Q2 rexr Number Of Buildings Acquired
NumberOfBuildingsAcquired
56 building
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
1250275000 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
-1000000.0 usd
CY2024Q2 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Land
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLand
845294000 usd
CY2024Q2 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Buildings
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedBuildings
342051000 usd
CY2024Q2 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Tenant Improvements
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTenantImprovements
4165000 usd
CY2024Q2 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Lease Intangible Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLeaseIntangibleAssets
91418000 usd
CY2024Q2 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Working Capital Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkingCapitalAssets
1884000 usd
CY2024Q2 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedAssets
1284812000 usd
CY2024Q2 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Liabilities
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseLiabilities
31629000 usd
CY2024Q2 rexr Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Working Capital Liabilities
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedWorkingCapitalLiabilities
16288000 usd
CY2024Q2 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Liabilities
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedLiabilities
47917000 usd
CY2024Q2 rexr Asset Acquisition Recognized Identifiable Assets Acquiredand Liabilities Assumed Net
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedNet
1236895000 usd
rexr Intangible Liabilities Weighted Average Amortization Period
IntangibleLiabilitiesWeightedAverageAmortizationPeriod
P11Y10M24D
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
220021000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
153670000 usd
CY2024Q2 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
163109000 usd
CY2023Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
147561000 usd
CY2023Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
125000000.0 usd
CY2023Q4 us-gaap Net Rentable Area
NetRentableArea
150 acre
CY2023Q4 rexr Financing Receivable Loan To Value Ratio
FinancingReceivableLoanToValueRatio
0.60
CY2023Q4 rexr Loans Receivable Stated Interest Rate
LoansReceivableStatedInterestRate
0.0750
CY2023Q4 rexr Loans Receivable Effective Interest Rate
LoansReceivableEffectiveInterestRate
0.0800
CY2023Q4 rexr Number Of Loan Extensions Available
NumberOfLoanExtensionsAvailable
1 extension
CY2023Q4 rexr Loan Receivable Term Extension
LoanReceivableTermExtension
P1Y
CY2023Q4 rexr Loan Receivable Term Extension Fee Percentage
LoanReceivableTermExtensionFeePercentage
0.0025
CY2024Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
123000000.0 usd
CY2024Q2 rexr Loans Receivable Unamortized Origination Fees And Costs
LoansReceivableUnamortizedOriginationFeesAndCosts
2000000.0 usd
CY2023Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
122800000 usd
CY2023Q4 rexr Loans Receivable Unamortized Origination Fees And Costs
LoansReceivableUnamortizedOriginationFeesAndCosts
2200000 usd
CY2024Q2 us-gaap Unsecured Debt
UnsecuredDebt
3275000000 usd
CY2023Q4 us-gaap Unsecured Debt
UnsecuredDebt
2125000000 usd
CY2024Q2 us-gaap Secured Debt
SecuredDebt
111559000 usd
CY2023Q4 us-gaap Secured Debt
SecuredDebt
118025000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3386559000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2243025000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
37862000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
17111000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
3348697000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2225914000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
66937000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
500973000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
7587000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1019078000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
314218000 usd
CY2024Q2 rexr Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
1477766000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3386559000 usd
CY2024Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
48.95
CY2024Q2 rexr Operating Lease Fixed And Variable Lease Payments
OperatingLeaseFixedAndVariableLeasePayments
226500000 usd
rexr Operating Lease Fixed And Variable Lease Payments
OperatingLeaseFixedAndVariableLeasePayments
430800000 usd
CY2024Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
186200000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
354000000.0 usd
CY2024Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
40300000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
76800000 usd
CY2023Q2 rexr Operating Lease Fixed And Variable Lease Payments
OperatingLeaseFixedAndVariableLeasePayments
187900000 usd
rexr Operating Lease Fixed And Variable Lease Payments
OperatingLeaseFixedAndVariableLeasePayments
364700000 usd
CY2023Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
155000000.0 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
299800000 usd
CY2023Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
32900000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
64900000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Rolling Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextRollingTwelveMonths
709476000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Two
LessorOperatingLeasePaymentsToBeReceivedRollingYearTwo
635352000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Three
LessorOperatingLeasePaymentsToBeReceivedRollingYearThree
521971000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Four
LessorOperatingLeasePaymentsToBeReceivedRollingYearFour
413887000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedRollingYearFive
312757000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received After Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedAfterRollingYearFive
917718000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3511161000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8500000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
10700000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7000000.0 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
8900000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
408000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
442000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
823000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
926000 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
52000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
35000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
95000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
68000 usd
CY2024Q2 us-gaap Sublease Income
SubleaseIncome
24000 usd
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
0 usd
us-gaap Sublease Income
SubleaseIncome
24000 usd
us-gaap Sublease Income
SubleaseIncome
0 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
436000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
477000 usd
us-gaap Lease Cost
LeaseCost
894000 usd
us-gaap Lease Cost
LeaseCost
994000 usd
CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
574000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
585000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1146000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1168000 usd
CY2024Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2084000 usd
CY2023Q2 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
2084000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P37Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P43Y4M24D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0409
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0384
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1151000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1690000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1748000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1798000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
542000 usd
CY2024Q2 rexr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
19887000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
26816000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16165000 usd
CY2021Q3 rexr Derivative Reclassification Period
DerivativeReclassificationPeriod
P10Y
CY2023Q1 rexr Derivative Reclassification Period
DerivativeReclassificationPeriod
P5Y
CY2024Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-10300000 usd
CY2024Q2 us-gaap Other Commitment
OtherCommitment
207000000.0 usd
CY2024Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
6450000 shares
CY2024Q2 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
161250000 usd
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
6450000 shares
CY2023Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
161250000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
3279000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
16563000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
13640000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
12357000 usd
CY2024Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3370000 usd
CY2023Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
2668000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
6752000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3804000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-91000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
13895000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6888000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8553000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-3000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
487000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
226000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
275000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-88000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
13408000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6662000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8278000 usd
rexr Share Based Compensation Arrangement By Share Based Payment Award Performance Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod
P3Y
CY2024Q2 us-gaap Profit Loss
ProfitLoss
86017000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
56910000 usd
us-gaap Profit Loss
ProfitLoss
150294000 usd
us-gaap Profit Loss
ProfitLoss
120480000 usd
CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2315000 usd
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2315000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4629000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4629000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3541000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2717000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6447000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5781000 usd
CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
409000 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
318000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
827000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
638000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
79752000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
79752000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
51560000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
51560000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
138391000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
138391000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
109432000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
109432000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217388908 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
200610890 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215895285 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
198003415 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
56360 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
18126 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
234199 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
217388908 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
200667250 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215913411 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
198237614 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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