VNQ - Rexford Industrial Q2 Earnings: Southern California Is Still A Winning Bet
2024-07-18 13:20:13 ET
Summary
- Industrial real estate is continuing to perform well as sustained demand meets a wave of incoming supply.
- Rexford Industrial Realty is a Southern California-focused industrial REIT with a unique, proven business model.
- Rexford Industrial reported second quarter earnings on July 17th.
- Rexford Industrial reported significant growth in Core FFO, comparable rental rates, and top line revenue in the second quarter, showcasing their resilience and outperformance in a challenging market.
Like most of the real estate sector, industrial assets have been in a whirlwind over the past several years. As the tailwinds of the post-pandemic era continue to power performance for industrial assets of all shapes and sizes, several years of extraordinary demand have begun to catch up with the sector. Demand for industrial space began to soften last year . Even still, industrial remains one of the highest performing sectors in real estate with one of the lowest default rates in commercial real estate....
Rexford Industrial Q2 Earnings: Southern California Is Still A Winning Bet