Rexford Industrial Realty recently released its 10-K report, detailing its operations and financial performance for the year ended December 31, 2024. The company specializes in investing in, operating, and repositioning industrial properties in Southern California, which is known for its high demand and low supply in the industrial real estate market. Rexford Industrial's portfolio consists of 419 properties with approximately 51.2 million rentable square feet, occupied by a diverse tenant base. As a real estate investment trust (REIT) listed on the New York Stock Exchange and an S&P MidCap 400 Index member, the company focuses on internal and external growth opportunities through its proprietary value creation and asset management capabilities.
In the 10-K report, under Item 7 "Management’s Discussion and Analysis of Financial Condition and Results of Operations – Cash Flows," filed with the SEC on February 10, 2025, Rexford Industrial Realty addressed the impact of inflation on its operations. The company stated that historically, inflation has not had a material impact on its financials. However, it acknowledged that recent years' significant inflation led to increased operating expenses and capital expenditures, which could potentially affect its financial position or results of operations. Despite this, the majority of Rexford Industrial's leases are either triple net or provide for tenant reimbursement for real estate taxes and operating expenses. Additionally, most leases include fixed rent increases, which the company believes can partially offset inflationary increases in real estate taxes, utility expenses, and other operating costs. As a result of these announcements, the company's shares have moved -0.07% on the market, and are now trading at a price of $41.00. If you want to know more, read the company's complete 10-K report here.
