Rexford Industrial raises 2026 Core FFO guidance as third-quarter net income falls to $14.6 million. Dispositions totaled $1.5 billion year to date, and net debt to Adjusted EBITDAre fell to 3.8x from 4.5x as of June 30. By Yash Upadhyaya Oct 22, 2026 Key takeaways. * Rexford Industrial Realty, Inc. (REXR) reported third-quarter 2026 net income attributable to common stockholders of $14.6 million, or $0.07 per diluted share, on Oct. 22, down from $87.1 million a year earlier. It raised its 2026 Company share of Core FFO per diluted share guidance to $2.41 to $2.44. Dispositions totaled $1.5 billion year to date. Rexford Industrial Realty, Inc. (REXR) reported third-quarter 2026 net income attributable to common stockholders of $14.6 million, or $0.07 per diluted share, down from $87.1 million, or $0.37 per diluted share, a year earlier. The industrial REIT also raised its full-year 2026 guidance for Company share of Core FFO per diluted share. The results and guidance were set out in a press release furnished with the filing. Here's how the company did: * Net income attributable to common stockholders: $14.6 million, or $0.07 per diluted share, vs. $87.1 million, or $0.37 per diluted share, a year earlier * Total revenues: $239.1 million vs. $253.2 million a year earlier * Company share of Core FFO per diluted share: $0.60 vs. $0.60 a year earlier * Same Property Portfolio NOI: $144.2 million, down 2.6% from a year earlier * Nine-month net loss attributable to common stockholders: $404.4 million, or $1.80 per diluted share, vs. net income of $268.9 million, or $1.16 per diluted share, a year earlier Net income in the quarter included $71.8 million of impairments, compared with none a year earlier. It also included $23.2 million of gains on sale of real estate, down from $28.6 million. Against the second quarter, net income improved from a net loss of $523.8 million. That period included impairments of $624.8 million. Adjusted EBITDAre was $156.8 million, down from $182.1 million in the second quarter. The company said the favorable impact of capital recycling and lower general and administrative expense was offset by lower Same Property Portfolio NOI and lower interest income. Core FFO per diluted share was $0.63 in the second quarter. General and administrative expense was $13.4 million, down from $20.0 million a year earlier. The company recorded $0.7 million of severance costs, which it said include costs associated with a workforce reduction and reorganization. The company raised its 2026 Company share of Core FFO per diluted share guidance to $2.41 to $2.44, from $2.38 to $2.43 in the second quarter. Its 2026 net loss per diluted share guidance is ($1.55) to ($1.52), compared with ($1.32) to ($1.27) previously. Disposition guidance is now $1.7 billion to $2.0 billion, up from a low end of $1.5 billion. Same Property Portfolio cash NOI growth guidance is 0.25% to 0.75%, from (0.75)% to 0.25%. Net effective Same Property Portfolio NOI growth guidance is (0.25)% to 0.25%, from (1.25)% to (0.25)%. Average Same Property Portfolio occupancy for the full year is now expected at 95.8% to 96.0%, from 95.3% to 95.7%. Chief Executive Officer Laura Clark said, "Our third quarter performance reflects strong execution across our strategic priorities." "Infill Southern California industrial market fundamentals continue to improve," Clark said, "with increasing tenant demand driving our strong leasing activity in the quarter." The company executed 3.7 million square feet of new and renewal leases in the quarter, including 599,369 square feet of repositioning and development leases. Comparable rental rates rose 7.1% on a net effective basis and fell 3.0% on a cash basis. Same Property Portfolio ending occupancy was 96.9%. That was up 200 basis points from June 30, 2026, and down 20 basis points from 97.1% a year earlier. The company sold 25 properties for $1.3 billion in the quarter. That included a previously announced 22-property portfolio sold to an affiliate of EQT Real Estate for $1.2 billion. Year to date, it has disposed of 37 properties for $1.5 billion. The company repurchased 10.9 million shares for $408.7 million at a weighted average price of $37.59 per share in the quarter. That figure includes $100.0 million of repurchases completed after quarter end. Year-to-date repurchases totaled $708.7 million as of Oct. 22, with $591.3 million remaining under the current program. The company repaid $485.0 million of debt with cash on hand. That included $60.0 million of 2026 maturities and $425.0 million of 2027 maturities. At Sept. 30, the company had $1.7 billion of total liquidity. That included $423.6 million of unrestricted cash and $1.245 billion available under its unsecured revolving credit facility. Outstanding debt was $2.8 billion at a weighted average interest rate of 3.70%, with no floating-rate debt exposure. Net debt to Adjusted EBITDAre was 3.8x, down from 4.5x as of June 30, 2026. The board authorized a fourth-quarter 2026 dividend of $0.435 per share, unchanged from the prior two quarters. It is payable in cash on Jan. 15, 2027, to holders of record on Dec. 31, 2026. The board also authorized quarterly preferred dividends of $0.367188 per share on Series B and $0.351563 per share on Series C. Both are payable on Dec. 31, 2026, to holders of record on Dec. 15, 2026. The company will hold a conference call with executive management on Friday, Oct. 23, at 11:00 a.m. Eastern Time. The company said its guidance reflects the in-place portfolio as of Oct. 22, along with assumptions about investment activity. It listed interest rates, inflation, tariffs and geopolitical risks, including the war in the Middle East, as factors that could affect results.

Wells Fargo sets USD 66 target for First Industrial Realty Trust stock. Published on 10/20/2026 at 20:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS Results are due October 21, 2026, with the call October 22. First Industrial Realty Trust stock costs EUR 52.75 on October 20, 2026. Reporting date October 21, 2026. * Wells Fargo assigned a USD 66.00 target and Hold rating on October 14, 2026. * First Industrial owns or is developing 72.10 million square feet as of June 30, 2026. * First Industrial Realty Trust stock costs EUR 52.75 at Lang & Schwarz on October 20, 2026 at 8:35 p.m. CEST. * Third quarter results are due October 21, 2026, with the conference call on October 22, 2026. First Industrial Realty Trust (ISIN US32054K1034) faces a closely watched earnings date after Wells Fargo analyst Blaine Heck assigned a Hold rating and a USD 66.00 price target on October 14, 2026, according to Markets Insider. The stock was trading at EUR 52.75 at Lang & Schwarz on October 20, 2026 at 8:35 p.m. CEST. Discover more Find Office Space Invest in REITs Start Investing Wells Fargo sets a measured target. The USD 66.00 target sits above the NYSE quote of USD 59.20 at 2:38 p.m. ET on October 20, 2026. That market price was up 1.73 percent on the session, while the target and rating provide a separate reference for the upcoming results. First Industrial reported USD 194.94 million in second-quarter revenue for the period ended June 30, 2026, up 8.20 percent from the prior year. Net income reached USD 77.10 million, compared with USD 55.15 million a year earlier, according to Markets Insider. Industrial portfolio supports the scale. As of June 30, 2026, First Industrial owned or had under development 72.10 million square feet across 15 target metropolitan areas. The company describes itself as a U.S.-only owner, operator, developer and acquirer of logistics properties in its investor materials at First Industrial Realty Trust. How does FR compare with peers? Comparison with peers First Industrial Realty Trust: up 1.73 percent on the NYSE, P/E 21.60, market capitalization USD 7.8 billion. Prologis (NYSE, USD): up 2.24 percent, P/E 27.99, market capitalization USD 120.6 billion. Rexford Industrial Realty (NYSE, USD): up 1.88 percent, P/E minus 20.24, market capitalization USD 8.5 billion. Dates for the earnings cycle. First Industrial Realty Trust scheduled the third-quarter 2026 results release for October 21, 2026, after the market close, followed by the conference call on October 22, 2026 at 11:00 a.m. ET. The dates were listed in the company's investor calendar. The next report will give investors a new operating reference after the second-quarter revenue increase and the USD 66.00 Wells Fargo target. The company also listed a quarterly dividend of USD 0.50 in recent market coverage. FR price and valuation frame. FR's NYSE quote of USD 59.20 on October 20, 2026 stood 9.16 percent above its USD 54.23 52-week low and 15.28 percent below its USD 69.88 high. The market capitalization was USD 7.8 billion, with a P/E ratio of 21.60 and a trailing dividend yield of 3.00 percent. Discover more Invest in Stocks The further course of trading is shown by the continuously updated real-time quote of First Industrial Realty Trust stock. First Industrial Realty Trust market facts. * Company: First Industrial Realty Trust, Inc. * ISIN: US32054K1034 * Ticker: FR * Primary exchange: NYSE * Price Lang & Schwarz as of October 20, 2026, 8:35 p.m. CEST: EUR 52.75 * Market capitalization: USD 7.8 billion as of October 20, 2026 * 52-week range: USD 54.23-USD 69.88 as of October 20, 2026 * Sector / Industry: Real Estate / Industrial REITs Sponsored Ad First Industrial Realty stock: new analysis - 23 October. Fresh First Industrial Realty information released. What's the impact for investors? Our latest independent report examines recent figures and market trends. Disclaimer regarding our articles: This is not investment advice, nor is it a recommendation to buy or sell. Information regarding prices, companies, and markets is provided without guarantee; changes may occur at any time. Stock market transactions can result in significant losses. Our articles are created and reviewed, in whole or in part, automatically with the assistance of AI. en | US32054K1034 | FR | boerse | 70377468 | bgmi