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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
RENTAL REVENUES    
Rental income $ 29,614 $ 23,499
Tenant reimbursements 5,155 3,558
Other income 232 313
TOTAL RENTAL REVENUES 35,001 27,370
Management, leasing and development services 126 134
Interest income 227 0
TOTAL REVENUES 35,354 27,504
OPERATING EXPENSES    
Property expenses 9,222 7,543
General and administrative 5,086 3,602
Depreciation and amortization 13,599 11,214
TOTAL OPERATING EXPENSES 27,907 22,359
OTHER EXPENSES    
Acquisition expenses 385 475
Interest expense 3,998 3,254
TOTAL OTHER EXPENSES 4,383 3,729
TOTAL EXPENSES 32,290 26,088
Equity in income from unconsolidated real estate entities 11 61
Loss on extinguishment of debt (22) 0
Gains on sale of real estate 2,668 0
NET INCOME 5,721 1,477
Less: net income attributable to noncontrolling interest (132) (52)
NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC. 5,589 1,425
Less: preferred stock dividends (1,322) 0
Less: earnings allocated to participating securities (91) (78)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 4,176 $ 1,347
Net income available to common stockholders per share - basic and diluted (in dollars per share) $ 0.06 $ 0.02
Weighted average shares of common stock outstanding - basic (in shares) 66,341,138 55,269,598
Weighted average shares of common stock outstanding - diluted (in shares) 66,626,239 55,416,947
Dividends declared per common share (in dollars per share) $ 0.145 $ 0.135