Rexford Industrial Realty (REXR) Tops Q1 EPS by 5c, Slight Beat on Revenues; Affirms FY19 EPS Guidance Above Consensus

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Go back to Rexford Industrial Realty (REXR) Tops Q1 EPS by 5c, Slight Beat on Revenues; Affirms FY19 EPS Guidance Above Consensus

Rexford Industrial Realty (REXR) Reports Acquisition of Two Industrial Properties For $139M

April 29, 2019 4:51 PM EDT

Rexford Industrial Realty, Inc. (NYSE: REXR) today announced the acquisition of two industrial properties, comprising six buildings for a total of $139 million. The acquisitions were funded using cash on hand and draws on the Company's line of credit.

"We continue to leverage our deep local knowledge and proprietary sourcing methods to identify high-quality, accretive investments within our target infill Southern California industrial markets," stated Howard Schwimmer and Michael Frankel,... More