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Rexford Industrial Realty Q2 Core FFO, Revenue Increase; 2024 Outlook Revised
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Rexford Industrial Realty Q2 Core FFO, Revenue Increase; 2024 Outlook Revised
Jul 17, 2024 1:45 PM

04:27 PM EDT, 07/17/2024 (MT Newswires) -- Rexford Industrial Realty ( REXR ) reported Q2 core funds from operations late Wednesday of $0.60 per diluted share, up from $0.54 a year earlier.

Analysts polled by Capital IQ expected adjusted FFO of $0.46.

Revenue for the quarter ended June 30 was $237.6 million, up from $195.8 million a year earlier.

Analysts surveyed by Capital IQ expected $236.1 million.

The company said it now expects full year 2024 core FFO per diluted share between $2.32 and $2.34. The previous guidance was between $2.31 and $2.34.

Analysts polled by Capital IQ expect adjusted FFO of $1.89.

Price: 49.69, Change: -0.03, Percent Change: -0.06

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