LOS
ANGELES, Jan. 10, 2025 /PRNewswire/ -- Rexford
Industrial Realty, Inc. (the "Company" or "Rexford Industrial")
(NYSE: REXR), a real estate investment trust focused on creating
value by investing in and operating industrial properties located
throughout infill Southern California, today reports no damage
to its properties and does not anticipate unfavorable impacts to
the Company's operating results or financial condition due to the
wildfires in Los Angeles
County.
"Our hearts go out to all affected by these devastating
wildfires," stated Michael Frankel
and Howard Schwimmer, Co-Chief
Executive Officers of the Company. "We are prioritizing the care of
our employees, their family members and the larger community and
are fortunate all members of the Rexford family are safe. At the
same time, we are committed to supporting our local communities as
recovery and rebuilding efforts begin."
About Rexford Industrial
Rexford Industrial creates
value by investing in, operating and redeveloping industrial
properties throughout infill Southern
California, the world's fourth largest industrial market and
consistently the highest demand, lowest supply market in the
nation. The Company's highly differentiated strategy enables
internal and external growth opportunities through its proprietary
value creation and asset management capabilities. Rexford
Industrial's high-quality, irreplaceable portfolio comprises 424
properties with approximately 50.5 million rentable square feet
occupied by a stable and diverse tenant base. Structured as a real
estate investment trust (REIT) listed on the New York Stock
Exchange under the ticker "REXR," Rexford Industrial is an S&P
MidCap 400 Index member. For more information, please visit
www.rexfordindustrial.com.
Forward-Looking Statements
This press release may
contain forward-looking statements within the meaning of the
federal securities laws, which are based on current expectations,
forecasts and assumptions that involve risks and uncertainties that
could cause actual outcomes and results to differ materially.
Forward-looking statements relate to expectations, beliefs,
projections, future plans and strategies, anticipated events or
trends and similar expressions concerning matters that are not
historical facts. In some cases, you can identify forward-looking
statements by the use of forward-looking terminology such as "may,"
"will," "should," "expects," "intends," "plans," "anticipates,"
"believes," "estimates," "predicts," or "potential" or the negative
of these words and phrases or similar words or phrases which are
predictions of or indicate future events or trends and which do not
relate solely to historical matters. While forward-looking
statements reflect the Company's good faith beliefs, assumptions
and expectations, they are not guarantees of future performance.
For a further discussion of these and other factors that could
cause the Company's future results to differ materially from any
forward-looking statements, see the reports and other filings by
the Company with the U.S. Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for the year
ended December 31, 2023. The Company
disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, of new information, data or methods, future
events or other changes.
Contact:
Investorrelations@rexfordindustrial.com
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SOURCE Rexford Industrial Realty, Inc.