Rexford Industrial Realty

REXR

Market cap $8.69B

LOS ANGELES, Feb. 26, 2026 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust ("REIT") focused on creating value by investing in and operating industrial properties throughout infill Southern California, today announced the promotion of John Nahas, the Company's current Managing Director of Operations, to Chief Operating Officer (COO), effective April 1, 2026, in conjunction with Laura Clark's previously announced appointment to Chief Executive Officer. As COO, Nahas will continue to oversee the Company's operations and investments functions including asset management, development and construction, leasing and property management.

LOS ANGELES, Feb. 26, 2026 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties throughout infill Southern California, today provided a disposition and capital allocation update in advance of upcoming investor meetings and presentation at the Citi 2026 Global Property CEO Conference. "Our capital allocation execution year to date demonstrates our focus on delivering across our current strategic priorities," said Laura Clark, Chief Operating Officer and incoming Chief Executive Officer.

Rexford Industrial Realty delivered solid Q4 2025 results, beating AFFO per share consensus but issued underwhelming full-year guidance. REXR's guidance for Core FFO and same-store NOI was weak, with projected occupancy below 2025 levels, pressuring the share price. Shares now trade at a ~19x forward AFFO multiple, materially below peers, making REXR relatively attractive on valuation.

I am shifting from the 5% Rule to a 4% yield focus, blending income and growth for optimal long-term wealth building.

ONEOK and Rexford Industrial Realty Series B preferred offer high-yield, quality income with strong defensive characteristics and minimal AI disruption risk. OKE provides a 5.0% yield, stable fixed-fee midstream revenues, and targets 3–4% annual dividend growth, supported by a robust project pipeline and resilient cash flows. REXR-B yields 6.6%, trades at a 10% discount to liquidation value, and offers cumulative, senior income backed by a fortress balance sheet and improving SoCal industrial fundamentals.

AI is crushing digital businesses, and capital is starting to rotate out of tech. Meanwhile, many REITs trade at 30% discounts to NAV with ~5% yields. We highlight three anti-AI real asset plays that could rerate sharply higher.

I see a rising risk of a second inflation wave, with consensus underestimating persistent inflation above 3% through 2026. Leading indicators like the ISM Manufacturing Prices Index and commodity prices signal renewed inflationary pressures despite subdued official CPI data. My investment thesis favors energy royalties, critical materials, infrastructure, and luxury stocks with strong pricing power to offset inflation risks.

Indexes for US equity real estate investment trusts climbed during the first week of February, outperforming the S&P 500. The Dow Jones Equity All REIT index closed the recent week up 2.32%, while the MSCI US REIT (RMZ) index increased 3.09% over the recent week. The industrial and retail REIT indexes logged the largest increases, up 4.42% and 3.99%, respectively, followed by the healthcare REIT index, up 3.89%.

Rexford Industrial (NYSE: REXR) posted a GAAP loss of $0.30 per share in Q4 2025. The stock dropped over 5%.

Rexford Industrial Realty, Inc. (REXR) Q4 2025 Earnings Call Transcript