v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUES      
Rental income $ 980,376 $ 922,096 $ 791,383
Management and leasing services 589 611 682
Interest income 22,168 13,700 5,761
TOTAL REVENUES 1,003,133 936,407 797,826
OPERATING EXPENSES      
Property expenses 227,725 210,260 184,479
General and administrative 78,856 82,153 75,027
Depreciation and amortization 315,919 275,247 244,510
TOTAL OPERATING EXPENSES 622,500 567,660 504,016
OTHER EXPENSES      
Other expenses 72,611 2,238 1,820
Interest expense 104,903 98,596 61,400
TOTAL OTHER EXPENSES 177,514 100,834 63,220
TOTAL EXPENSES 800,014 668,494 567,236
Impairment of real estate (89,097) 0 0
Debt extinguishment and modification expenses (291) 0 0
Gains on sale of real estate 106,032 18,013 19,001
NET INCOME 219,763 285,926 249,591
Less: net income attributable to noncontrolling interests (7,734) (12,124) (11,575)
NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC. 212,029 273,802 238,016
Less: preferred stock dividends (9,258) (9,258) (9,258)
Less: earnings allocated to participating securities (2,602) (1,679) (1,309)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 200,169 $ 262,865 $ 227,449
Net income attributable to common stockholders per share - basic (in dollars per share) $ 0.86 $ 1.20 $ 1.12
Net income attributable to common stockholders per share - diluted (in dollars per share) $ 0.86 $ 1.20 $ 1.12
Weighted average shares of common stock outstanding - basic (in shares) 232,477,754 218,279,597 202,883,704
Weighted average shares of common stock outstanding - diluted (in shares) 232,550,968 218,466,954 203,110,993