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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Land $ 7,703,232 $ 6,815,622
Buildings and improvements 4,416,032 3,933,379
Tenant improvements 181,785 167,251
Furniture, fixtures and equipment 132 132
Construction in progress 370,431 240,010
Total real estate held for investment 12,671,612 11,156,394
Accumulated depreciation (925,373) (782,461)
Investments in real estate, net 11,746,239 10,373,933
Cash and cash equivalents 61,836 33,444
Loan receivable, net 123,129 122,784
Rents and other receivables, net 17,315 17,494
Deferred rent receivable, net 151,637 123,325
Deferred leasing costs, net 69,152 59,351
Deferred loan costs, net 2,356 3,426
Acquired lease intangible assets, net 205,510 153,670
Acquired indefinite-lived intangible asset 5,156 5,156
Interest rate swap assets 3,880 9,896
Other assets 34,092 25,225
Acquisition related deposits 0 2,125
Total Assets 12,420,302 10,929,829
Liabilities    
Notes payable 3,350,190 2,225,914
Interest rate swap liability 295 0
Accounts payable, accrued expenses and other liabilities 169,084 128,842
Dividends and distributions payable 95,288 83,733
Acquired lease intangible liabilities, net 155,328 147,561
Tenant security deposits 91,983 84,872
Tenant prepaid rents 93,218 115,002
Total Liabilities 3,955,386 2,785,924
Rexford Industrial Realty, Inc. stockholders’ equity    
Common Stock, $0.01 par value per share, 489,950,000 authorized and 219,507,345 and 212,346,450 shares outstanding at September 30, 2024 and December 31, 2023, respectively 2,195 2,123
Additional paid-in capital 8,318,979 7,940,781
Cumulative distributions in excess of earnings (407,695) (338,835)
Accumulated other comprehensive income 1,474 7,172
Total stockholders’ equity 8,070,629 7,766,917
Noncontrolling interests 394,287 376,988
Total Equity 8,464,916 8,143,905
Total Liabilities and Equity 12,420,302 10,929,829
5.875% Series B Cumulative Redeemable Preferred Stock    
Rexford Industrial Realty, Inc. stockholders’ equity    
Preferred stock, $0.01 par value per share, 10,050,000 shares authorized: 72,443 72,443
5.625% Series C Cumulative Redeemable Preferred Stock    
Rexford Industrial Realty, Inc. stockholders’ equity    
Preferred stock, $0.01 par value per share, 10,050,000 shares authorized: $ 83,233 $ 83,233