Rexford Industrial Realty (REXR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Rexford Industrial Realty published the results on October 22, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Rexford Industrial Realty reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Company share of Core FFO per diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Revenue here is the line Rexford Industrial calls total revenues: rental income plus management and leasing services and interest income. Rexford reports a single segment.
• As a REIT, Rexford Industrial measures itself on Core FFO. The adjusted figure above is its Company share of Core FFO per diluted share, not an adjusted EPS.
• GAAP results in 2026 carry large impairments as Rexford sells properties: $71.8 million in Q3 2026 and $703.4 million over the first nine months, which is why Q2 2026 showed a loss of $2.26 per share.

Source: Rexford Industrial Realty Q3 2026 results, October 22, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Rexford Industrial Realty splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Rexford Industrial Realty's Rental income revenue was $236 million in Q3 2026, down 4% from $247 million in Q3 2025, 99% of total revenue.
• Rexford Industrial Realty's Interest income revenue was $3.3 million in Q3 2026, down 49% from $6.4 million in Q3 2025, 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Rexford Industrial gives its outlook as a table in the release and the supplemental package. The quotes are its headline and three rows of that table: Core FFO per diluted share, average Same Property Portfolio occupancy and dispositions for 2026.

In its Q3 2026 release, Rexford Industrial Realty said:

“Raises 2026 Core FFO per share guidance”

“Current 2026 Core FFO Per Diluted Share Guidance $2.41 $2.44”

“Average Same Property Portfolio Occupancy (Full Year) 95.8% - 96.0%”

“Dispositions $1.7B - $2.0B”

Source: Rexford Industrial Q3 2026 release and supplemental package, Oct 22, 2026.

This is the company's own guidance as of Oct 22, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the REXR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenues and diluted net income (loss) attributable to common stockholders per share, each as first reported in that quarter's release. Company share of Core FFO per diluted share in those quarters was $0.60, $0.63, $0.61, $0.59 and $0.60, newest first.

We do not hold a confirmed date for Rexford Industrial Realty's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 22, 2026

Rexford Industrial Realty's total revenues were $239.1 million in Q3 2026, down from $253.2 million a year earlier. Almost all of it is rent from industrial buildings and land in infill Southern California: rental income was $235.8 million, and interest income added $3.3 million, down from $6.4 million. (Rexford Industrial Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026)

Revenue fell mainly because Rexford Industrial is selling properties. In Q3 2026 it sold 25 properties totaling 5.5 million square feet for $1.3 billion, including a 22-property portfolio of 5.2 million square feet for $1.2 billion. Over the first nine months it sold 37 properties for $1.5 billion. (Rexford Industrial Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026)

On properties owned throughout both periods, Same Property Portfolio NOI fell 2.6% and Same Property Portfolio Cash NOI fell 1.1%. Rexford Industrial blamed effective rental rate compression, lower average occupancy and higher bad debt expense, with higher rent abatement also weighing on the cash figure. Average Same Property Portfolio occupancy was 95.6% for the quarter and ending occupancy 96.9%. (Rexford Industrial Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026)

Rexford Industrial signed 116 leases covering 3,738,378 square feet. Rents on comparable leases rose 7.1% on a net effective basis and fell 3.0% on a cash basis, with new leases down 7.0% in cash terms. Its tenant base is spread out: the top 20 tenants account for 18.4% of in-place and uncommenced annualized base rent, and the largest, Zenith Energy West Coast Terminals, for 1.7%. (Rexford Industrial Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026; Rexford Industrial Q3 2026 supplemental financial reporting package (Form 8-K, Exhibit 99.2), Oct 22, 2026)

Rexford Industrial Realty's net income attributable to common stockholders was $14.6 million in Q3 2026, or $0.07 per diluted share, against $87.1 million, or $0.37, a year earlier. The quarter included $71.8 million of real estate impairments and $23.2 million of gains on sale, against no impairments and $28.6 million of gains in Q3 2025. The 10-Q says 28 of the 37 properties sold this year had been impaired in connection with their sale, so those sales produced no gain or loss. (Rexford Industrial Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026; Rexford Industrial Realty Form 10-Q for the quarter ended September 30, 2026, Oct 27, 2026)

Rexford Industrial's main per-share measure is Core FFO. FFO adds back depreciation and amortization of $74.4 million and the impairments and removes the gains on sale, and Core FFO also takes out items such as a $2.9 million gain on the termination of interest rate swaps and severance and co-CEO transition costs. The Company share of Core FFO was $0.60 per diluted share, the same as a year earlier: Rexford cited capital recycling and lower general and administrative expense, offset by lower Same Property Portfolio NOI and interest income. (Rexford Industrial Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026)

Buybacks are shrinking the share count. Weighted-average shares were 220,510 thousand, against 234,587 thousand a year earlier, and Rexford Industrial repurchased 10.9 million shares for $408.7 million at $37.59 a share in Q3 2026 and after quarter end, bringing repurchases this year to $708.7 million by October 22, 2026. (Rexford Industrial Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Rexford Industrial Realty updates full-year guidance in each release. With Q3 2026 results it raised 2026 Core FFO per diluted share guidance to $2.41 to $2.44 from $2.38 to $2.43, and now expects a GAAP net loss of $1.55 to $1.52 per diluted share. The supplemental package credits higher projected average occupancy from better-than-expected leasing and lower projected bad debt expense. (Rexford Industrial Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026; Rexford Industrial Q3 2026 supplemental financial reporting package (Form 8-K, Exhibit 99.2), Oct 22, 2026)

The guidance assumes 2026 dispositions of $1.7 billion to $2.0 billion, Same Property Portfolio Cash NOI growth of 0.25% to 0.75% and average Same Property Portfolio occupancy of 95.8% to 96.0%. Rexford Industrial named interest rates, tariffs and the war in the Middle East among the factors that could change it. (Rexford Industrial Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 22, 2026)

A consensus figure is the average of the models published by the analysts who cover Rexford Industrial Realty, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Rexford Industrial Realty's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning REXR is on is REXR a buy or a sell?, what analysts expect next is on the REXR forecast, and what the company does is on the Rexford Industrial Realty (REXR) stock page.

Every number on this page can be traced to a document Rexford Industrial Realty published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.