v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
REVENUES        
Rental income $ 235,837 $ 246,757 $ 720,974 $ 737,146
Management and leasing services 0 118 0 392
Interest income 3,266 6,367 8,713 17,498
TOTAL REVENUES 239,103 253,242 729,687 755,036
OPERATING EXPENSES        
Property expenses 56,996 57,879 169,973 168,438
General and administrative 13,431 20,037 42,049 59,657
Depreciation and amortization 74,440 81,172 220,852 239,100
TOTAL OPERATING EXPENSES 144,867 159,088 432,874 467,195
OTHER (EXPENSES) INCOME        
Other income 0 0 4,850 0
Other expenses, net (2,561) (4,218) (662) (6,701)
Interest expense (24,785) (25,463) (79,956) (79,452)
Impairment of real estate (71,834) 0 (703,412) 0
Gains on sale of real estate 23,208 28,583 71,382 86,101
Debt extinguishment and modification expenses (194) 0 (194) (291)
TOTAL OTHER (EXPENSES) INCOME (76,166) (1,098) (707,992) (343)
NET INCOME (LOSS) 18,070 93,056 (411,179) 287,498
Less: net (income) loss attributable to noncontrolling interests (685) (3,137) 15,605 (10,046)
NET INCOME (LOSS) ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC. 17,385 89,919 (395,574) 277,452
Less: preferred stock dividends (2,314) (2,314) (6,943) (6,943)
Less: earnings allocated to participating securities (430) (519) (1,879) (1,650)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 14,641 $ 87,086 $ (404,396) $ 268,859
Net (loss) income attributable to common stockholders - basic (in dollars per share) $ 0.07 $ 0.37 $ (1.80) $ 1.16
Net (loss) income attributable to common stockholders - diluted (in dollars per share) $ 0.07 $ 0.37 $ (1.80) $ 1.16
Weighted average shares of common stock outstanding - basic (in shares) 220,509,521 234,586,980 224,182,859 232,720,272
Weighted average shares of common stock outstanding - diluted (in shares) 220,509,521 234,586,980 224,182,859 232,720,272