$REXR (REXFORD INDUSTRIAL REALTY) — 8-K: Rexford closes $1.2B industrial portfolio sale, $1.5B dispositions year to date

Rexford Industrial closed the sale of a 22-property industrial portfolio totaling 5.2 million rentable square feet to an affiliate of EQT Real Estate for approximately $1.2 billion. The portfolio had a weighted average remaining lease term of 2.7 years and in-place rents 28% above current market rates, with an estimated 2027 cash NOI yield of approximately 5.5%. Year to date, dispositions total $1.5 billion, within full-year 2026 guidance of $1.5 billion to $2.0 billion. Third quarter to date, Rexford repaid $485 million of debt and repurchased $205 million of common stock; year to date it repaid $492 million of debt and repurchased $505 million of common stock. Estimated year-end 2026 Net Debt to Adjusted EBITDAre is 3.5x, and the company reaffirmed its 2026 guidance.

Rexford Industrial closed the sale of a 22-property industrial portfolio totaling 5.2 million rentable square feet to an affiliate of EQT Real Estate for approximately $1.2 billion. The portfolio had