Rexford Industrial Realty (REXR) Tops Q1 EPS by 13c, Beats on Revenues; Offers FY18 Guidance

Rexford Industrial Realty (NYSE: REXR) reported Q1 EPS of $0.15, $0.13 better than the analyst estimate of $0.02. Revenue for the quarter came in at $48.54 million versus the consensus estimate of $40.04 million.

Guidance

The Company is reiterating and increasing its full year 2018 guidance as follows:

• Net income attributable to common stockholders within a range of $0.22 to $0.25 per diluted share
• Company share of Core FFO within a range of $1.02 to $1.05 per diluted share
• Year-end Same Property Portfolio occupancy within a range of 95.0% to 97.0%
• Year-end Stabilized Same Property Portfolio occupancy within a range of 96.5% to 98.0%
• Same Property Portfolio NOI growth for the year of 6.5% to 8.5%
• Stabilized Same Property Portfolio NOI growth for the year of 4.5% to 6.0%
• General and administrative expenses of $24.0 million to $25.0 million

For earnings history and earnings-related data on Rexford Industrial Realty (REXR) click here.

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