Rexford Industrial: Q2 Earnings Snapshot
By AP News
Published - Jul 19, 2023, 04:21 PM ET
Last Updated - Jul 19, 2023, 04:21 PM EDT
LOS ANGELES (AP) — LOS ANGELES (AP) — Rexford Industrial Realty Inc. (REXR) on Wednesday reported a key measure of profitability in its second quarter. The results met Wall Street expectations.
The Los Angeles-based real estate investment trust said it had funds from operations of $108.4 million, or 54 cents per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 54 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
