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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., May. 1, 9:21 PM

Slide #23. Rexford Industrial Realty, Inc. Secondary Offering

Company: Rexford Industrial Realty, Inc. (NYSE:REXR)
Date announced: 4/11/2016
Shares Offered: 9,000,000
Date of Pricing: 4/11/2016
Price Per Share: $17.65
Secondary Offering Details: Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE:REXR), a real estate investment trust ("REIT") focused on owning and operating industrial properties located in Southern California infill markets, announced today that it has commenced a public offering of 9,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock at the public offering price, less the underwriting discount. -updated 4/11 - Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE:REXR), a real estate investment trust ("REIT") focused on owning and operating industrial properties located in Southern California infill markets, today announced the pricing of an underwritten public offering of 9,000,000 shares of its common stock at a public offering price of $17.65 per share, for net proceeds of approximately $152,246,000 after deducting the underwriting discount and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of its common stock. Settlement of the offering is subject to customary closing conditions and is expected to occur on April 15, 2016.

Rexford Industrial Realty is a holding company. Co. conducts substantially all of its operations through Rexford Industrial Realty, L.P. (the Operating Partnership). Co. is a self-administered and self-managed real estate investment trust. Through its controlling interest in the Operating Partnership and its subsidiaries, Co. owns, manages, leases, acquires and develops industrial real estate primarily located in Southern California infill markets. As of Dec 31 2014, Co.'s consolidated portfolio consisted of 98 properties with approximately 9.8 million rentable sq. ft.

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Company Name:  Rexford Industrial Realty Inc
Website:  www.rexfordindustrial.com
Sector:  REITs
Number of ETFs Holding REXR:  31
Total Market Value Held by ETFs:  $41.65M
Total Market Capitalization:  $1.06B
% of Market Cap. Held by ETFs:  3.91%
 

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May 1, 2016    9:21 PM Eastern
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