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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES    
Rental income $ 77,490 $ 59,604
Management, leasing and development services 93 102
Interest income 97 657
TOTAL REVENUES 77,680 60,363
OPERATING EXPENSES    
Property expenses 18,114 13,812
General and administrative 9,317 7,344
Depreciation and amortization 27,523 21,996
TOTAL OPERATING EXPENSES 54,954 43,152
OTHER EXPENSES    
Acquisition expenses 5 23
Interest expense 7,449 6,471
TOTAL EXPENSES 62,408 49,646
NET INCOME 15,272 10,717
Less: net income attributable to noncontrolling interests (717) (201)
NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC. 14,555 10,516
Less: preferred stock dividends (3,636) (2,423)
Less: earnings allocated to participating securities (131) (114)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 10,788 $ 7,979
Net income attributable to common stockholders - basic (in dollars per share) $ 0.09 $ 0.08
Net income attributable to common stockholders - diluted (in dollars per share) $ 0.09 $ 0.08
Weighted average shares of common stock outstanding - basic (in shares) 114,054,434 98,342,677
Weighted average shares of common stock outstanding - diluted (in shares) 114,314,331 98,607,786