Rexford Industrial Realty, Inc. 8K

Rexford Industrial Realty, Inc. agreed to sell a $1.2 billion non-core industrial portfolio to an affiliate of EQT Real Estate as part of a broader $2.0 billion disposition and portfolio realignment initiative, with proceeds earmarked for debt repayment, share repurchases and reinvestment in higher-return projects.

Rexford Industrial Realty, Inc. announced that it has entered into a definitive agreement to sell a non-core industrial property portfolio to an affiliate of EQT Real Estate for approximately $1.2 billion, with closing expected by the end of the third quarter of 2026 subject to customary conditions. The sale is a major component of Rexford’s $2.0 billion portfolio realignment and disposition initiative aimed at upgrading portfolio quality, improving cash flow durability and strengthening the balance sheet, with the 2027 cash NOI yield on the portfolio estimated at 5.5% after anticipated rent roll-downs and moveouts. Including this transaction, year-to-date dispositions closed or under contract total about $1.5 billion, positioning the company within its full-year disposition guidance range of $1.5 to $2.0 billion. Rexford plans to use the net proceeds to repay 2027 debt maturities, potentially repurchase shares under its $1.0 billion buyback program, and fund internal repositioning and development projects, while reaffirming its 2026 guidance provided in its second-quarter 2026 earnings release.

Filing Facts

CIK

1571283

Ticker

-

Form

8K

Source Type

sec

Accession

0001571283-26-000048

Alert Tier

7