Rexford Industrial Realty Inc
For the period ended Dec 31, 2023. Filed Feb 12, 2024.
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FY2023 · Filed Feb 12, 2024
REXR$37.95-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(In thousands - except share and per share data)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Land | $6,815,622 | $5,841,195 |
| Buildings and improvements | 3,933,379 | 3,370,494 |
| Tenant improvements | 167,251 | 147,632 |
| Furniture, fixtures, and equipment | 132 | 132 |
| Construction in progress | 240,010 | 110,934 |
| Total real estate held for investment | 11,156,394 | 9,470,387 |
| Accumulated depreciation | (782,461) | (614,332) |
| Investments in real estate, net | 10,373,933 | 8,856,055 |
| Cash and cash equivalents | 33,444 | 36,786 |
| Loan receivable, net | 122,784 | — |
| Rents and other receivables, net | 17,494 | 15,227 |
| Deferred rent receivable, net | 123,325 | 88,144 |
| Deferred leasing costs, net | 59,351 | 45,080 |
| Deferred loan costs, net | 3,426 | 4,829 |
| Acquired lease intangible assets, net | 153,670 | 169,986 |
| Acquired indefinite-lived intangible | 5,156 | 5,156 |
| Interest rate swap asset | 9,896 | 11,422 |
| Other assets | 25,225 | 24,973 |
| Acquisition related deposits | 2,125 | 1,625 |
| Total Assets | $10,929,829 | $9,259,283 |
| LIABILITIES & EQUITY | ||
| Liabilities | ||
| Notes payable | $2,225,914 | $1,936,381 |
| Accounts payable, accrued expenses and other liabilities | 128,842 | 97,496 |
| Dividends and distributions payable | 83,733 | 62,033 |
| Acquired lease intangible liabilities, net | 147,561 | 147,384 |
| Tenant security deposits | 84,872 | 71,935 |
| Tenant prepaid rents | 115,002 | 20,712 |
| Total Liabilities | 2,785,924 | 2,335,941 |
| Equity | ||
| Rexford Industrial Realty, Inc. stockholders’ equity | ||
| Preferred stock, $0.01 par value per share, 10,050,000 shares authorized: | ||
| 5.875% series B cumulative redeemable preferred stock, 3,000,000 shares outstanding at December 31, 2023 and December 31, 2022 ($75,000 liquidation preference) | 72,443 | 72,443 |
| 5.625% series C cumulative redeemable preferred stock, 3,450,000 shares outstanding at December 31, 2023 and December 31, 2022 ($86,250 liquidation preference) | 83,233 | 83,233 |
| Common Stock, $0.01 par value per share, 489,950,000 authorized and 212,346,450 and 189,114,129 shares outstanding at December 31, 2023 and December 31, 2022, respectively | 2,123 | 1,891 |
| Additional paid-in capital | 7,940,781 | 6,646,867 |
| Cumulative distributions in excess of earnings | (338,835) | (255,743) |
| Accumulated other comprehensive income | 7,172 | 8,247 |
| Total stockholders’ equity | 7,766,917 | 6,556,938 |
| Noncontrolling interests | 376,988 | 366,404 |
| Total Equity | 8,143,905 | 6,923,342 |
| Total Liabilities and Equity | $10,929,829 | $9,259,283 |
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