Rexford Industrial Realty Inc
For the period ended Dec 31, 2024. Filed Feb 10, 2025.
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FY2024 · Filed Feb 10, 2025
REXR$37.95-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(In thousands - except share and per share data)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Land | $7,822,290 | $6,815,622 |
| Buildings and improvements | 4,611,987 | 3,933,379 |
| Tenant improvements | 188,217 | 167,251 |
| Furniture, fixtures, and equipment | 132 | 132 |
| Construction in progress | 333,690 | 240,010 |
| Total real estate held for investment | 12,956,316 | 11,156,394 |
| Accumulated depreciation | (977,133) | (782,461) |
| Investments in real estate, net | 11,979,183 | 10,373,933 |
| Cash and cash equivalents | 55,971 | 33,444 |
| Loan receivable, net | 123,244 | 122,784 |
| Rents and other receivables, net | 15,772 | 17,494 |
| Deferred rent receivable, net | 161,693 | 123,325 |
| Deferred leasing costs, net | 67,827 | 59,351 |
| Deferred loan costs, net | 1,999 | 3,426 |
| Acquired lease intangible assets, net | 201,467 | 153,670 |
| Acquired indefinite-lived intangible asset | 5,156 | 5,156 |
| Interest rate swap assets | 8,942 | 9,896 |
| Other assets | 26,964 | 25,225 |
| Acquisition related deposits | — | 2,125 |
| Total Assets | $12,648,218 | $10,929,829 |
| LIABILITIES & EQUITY | ||
| Liabilities | ||
| Notes payable | $3,345,962 | $2,225,914 |
| Accounts payable, accrued expenses and other liabilities | 149,707 | 128,842 |
| Dividends and distributions payable | 97,823 | 83,733 |
| Acquired lease intangible liabilities, net | 147,473 | 147,561 |
| Tenant security deposits | 90,698 | 84,872 |
| Tenant prepaid rents | 90,576 | 115,002 |
| Total Liabilities | 3,922,239 | 2,785,924 |
| 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, 2024 and December 31, 2023 ($75,000 liquidation preference) | 72,443 | 72,443 |
| 5.625% series C cumulative redeemable preferred stock, 3,450,000 shares outstanding at December 31, 2024 and December 31, 2023 ($86,250 liquidation preference) | 83,233 | 83,233 |
| Common Stock, $0.01 par value per share, 489,950,000 authorized and 225,285,011 and 212,346,450 shares outstanding at December 31, 2024 and December 31, 2023, respectively | 2,253 | 2,123 |
| Additional paid-in capital | 8,601,276 | 7,940,781 |
| Cumulative distributions in excess of earnings | (441,881) | (338,835) |
| Accumulated other comprehensive income | 6,746 | 7,172 |
| Total stockholders’ equity | 8,324,070 | 7,766,917 |
| Noncontrolling interests | 401,909 | 376,988 |
| Total Equity | 8,725,979 | 8,143,905 |
| Total Liabilities and Equity | $12,648,218 | $10,929,829 |
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