XML 15 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Land $ 2,128,243 $ 1,927,098
Buildings and improvements 1,770,930 1,680,178
Tenant improvements 77,211 72,179
Furniture, fixtures and equipment 141 141
Construction in progress 39,860 18,794
Total real estate held for investment 4,016,385 3,698,390
Accumulated depreciation (337,938) (296,777)
Investments in real estate, net 3,678,447 3,401,613
Cash and cash equivalents 254,373 78,857
Restricted cash 67 0
Rents and other receivables, net 4,790 5,889
Deferred rent receivable, net 37,552 29,671
Deferred leasing costs, net 20,269 18,688
Deferred loan costs, net 2,599 695
Acquired lease intangible assets, net 71,513 73,090
Acquired indefinite-lived intangible 5,156 5,156
Interest rate swap asset 0 766
Other assets 16,656 9,671
Acquisition related deposits 63,612 14,526
Total Assets 4,155,034 3,638,622
Liabilities    
Notes payable 906,687 857,842
Interest rate swap liability 22,916 8,488
Accounts payable, accrued expenses and other liabilities 33,731 31,112
Dividends payable 27,532 21,624
Acquired lease intangible liabilities, net 61,108 59,340
Tenant security deposits 26,158 28,779
Prepaid rents 11,163 8,988
Total Liabilities 1,089,295 1,016,173
Rexford Industrial Realty, Inc. stockholders’ equity    
Common Stock, $0.01 par value per share, 489,950,000 authorized and 123,789,199 and 113,793,300 shares outstanding at June 30, 2020 and December 31, 2019, respectively 1,236 1,136
Additional paid in capital 2,820,216 2,439,007
Cumulative distributions in excess of earnings (147,907) (118,751)
Accumulated other comprehensive loss (22,214) (7,542)
Total stockholders’ equity 2,893,658 2,556,177
Noncontrolling interests 172,081 66,272
Total Equity 3,065,739 2,622,449
Total Liabilities and Equity 4,155,034 3,638,622
5.875% series A cumulative redeemable preferred stock, 3,600,000 shares outstanding at June 30, 2020 and December 31, 2019 ($90,000 liquidation preference)    
Rexford Industrial Realty, Inc. stockholders’ equity    
Preferred stock, $0.01 par value per share, 10,050,000 shares authorized, at June 30, 2020 and December 31, 2019 86,651 86,651
5.875% series B cumulative redeemable preferred stock, 3,000,000 shares outstanding at June 30, 2020 and December 31, 2019 ($75,000 liquidation preference)    
Rexford Industrial Realty, Inc. stockholders’ equity    
Preferred stock, $0.01 par value per share, 10,050,000 shares authorized, at June 30, 2020 and December 31, 2019 72,443 72,443
5.625% series C cumulative redeemable preferred stock, 3,450,000 shares outstanding at June 30, 2020 and December 31, 2019 ($86,250 liquidation preference)    
Rexford Industrial Realty, Inc. stockholders’ equity    
Preferred stock, $0.01 par value per share, 10,050,000 shares authorized, at June 30, 2020 and December 31, 2019 $ 83,233 $ 83,233