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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES        
Rental income $ 79,770 $ 63,613 $ 157,260 $ 123,217
Management, leasing and development services 114 109 207 211
Interest income 66 668 163 1,325
TOTAL REVENUES 79,950 64,390 157,630 124,753
OPERATING EXPENSES        
Property expenses 18,884 15,139 36,998 28,951
General and administrative 8,972 7,301 18,289 14,645
Depreciation and amortization 28,381 24,522 55,904 46,518
TOTAL OPERATING EXPENSES 56,237 46,962 111,191 90,114
OTHER EXPENSES        
Acquisition expenses 14 29 19 52
Interest expense 7,428 6,255 14,877 12,726
TOTAL EXPENSES 63,679 53,246 126,087 102,892
Gains on sale of real estate 0 4,810 0 4,810
NET INCOME 16,271 15,954 31,543 26,671
Less: net income attributable to noncontrolling interests (1,084) (569) (1,801) (770)
NET INCOME ATTRIBUTABLE TO REXFORD INDUSTRIAL REALTY, INC. 15,187 15,385 29,742 25,901
Less: preferred stock dividends (3,637) (2,424) (7,273) (4,847)
Less: earnings allocated to participating securities (129) (113) (260) (227)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 11,421 $ 12,848 $ 22,209 $ 20,827
Net income attributable to common stockholders - basic (in dollars per share) $ 0.10 $ 0.12 $ 0.19 $ 0.20
Net income attributable to common stockholders - diluted (in dollars per share) $ 0.10 $ 0.12 $ 0.19 $ 0.20
Weighted average shares of common stock outstanding - basic (in shares) 119,810,283 105,847,557 116,932,359 102,115,849
Weighted average shares of common stock outstanding - diluted (in shares) 120,068,176 106,236,309 117,191,254 102,442,780