v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES        
Rental income $ 242,996 $ 241,568 $ 485,137 $ 490,389
Management and leasing services 0 132 0 274
Interest income 2,510 7,807 5,447 11,131
TOTAL REVENUES 245,506 249,507 490,584 501,794
OPERATING EXPENSES        
Property expenses 56,214 55,298 112,977 110,559
General and administrative 13,693 19,752 28,618 39,620
Depreciation and amortization 73,479 71,188 146,412 157,928
TOTAL OPERATING EXPENSES 143,386 146,238 288,007 308,107
OTHER (EXPENSES) INCOME        
Other income 3,500 0 4,850 0
Other expenses, net 2,001 (244) 1,899 (2,483)
Interest expense (28,571) (26,701) (55,171) (53,989)
Impairment of real estate (624,754) 0 (631,578) 0
Gains on sale of real estate 21,893 44,361 48,174 57,518
Debt extinguishment and modification expenses 0 (291) 0 (291)
TOTAL OTHER (EXPENSES) INCOME (625,931) 17,125 (631,826) 755
NET (LOSS) INCOME (523,811) 120,394 (429,249) 194,442
Less: net loss (income) attributable to noncontrolling interests 19,665 (4,060) 16,290 (6,909)
NET (LOSS) INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC. (504,146) 116,334 (412,959) 187,533
Less: preferred stock dividends (2,315) (2,315) (4,629) (4,629)
Less: earnings allocated to participating securities (441) (592) (1,449) (1,131)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (506,902) $ 113,427 $ (419,037) $ 181,773
Net (loss) income attributable to common stockholders - basic (in dollars per share) $ (2.26) $ 0.48 $ (1.85) $ 0.78
Net (loss) income attributable to common stockholders - diluted (in dollars per share) $ (2.26) $ 0.48 $ (1.86) $ 0.78
Weighted average shares of common stock outstanding - basic (in shares) 223,812,383 236,098,831 226,049,970 231,771,448
Weighted average shares of common stock outstanding - diluted (in shares) 223,812,383 236,098,831 234,635,603 231,771,448