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Rexford Industrial: Q3 Earnings Snapshot

Rexford Industrial: Q3 Earnings Snapshot

LOS ANGELES (AP) — LOS ANGELES (AP) — Rexford Industrial Realty Inc. (REXR) on Wednesday reported a key measure of profitability in its third quarter. The results matched Wall Street expectations.

The Los Angeles-based real estate investment trust said it had funds from operations of $115 million, or 56 cents per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 56 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.