REXR Q3 2024 Earnings Call: Full Transcript and Insights

Rexford Industrial Realty’s Q3 2024 Earnings Call: A Promising Outlook

Welcome and Introduction

Abby, the conference operator, welcomed everyone to the Rexford Industrial Realty Incorporated Third Quarter 2024 Earnings Conference Call. The call was attended by key company participants, including David Lanzer, General Counsel; Michael Frankel and Howard Schwimmer, Co-CEOs; and Laura Clark, CFO. The operator reminded attendees that all lines were muted to prevent background noise and that a question-and-answer session would follow the speakers’ remarks.

Reviewing the Q3 2024 Earnings Report

David Lanzer, General Counsel, kicked off the call by thanking everyone for joining. He directed attendees to the company’s website, rexfordindustrial.com, where they could find the press release distributed yesterday, as well as a supplemental package and investor presentation in the Investor Relations section.

Forward-Looking Statements and Risk Factors

Lanzer cautioned that management’s remarks and answers to questions might contain forward-looking statements, as defined by Federal Securities Laws. He emphasized that these statements are subject to risks and uncertainties that may cause actual results to differ. For more information on these risk factors, Lanzer encouraged attendees to review Rexford Industrial’s 10-K and other SEC filings.

Non-GAAP Financial Measures

The General Counsel also noted that certain financial information presented on the call would represent non-GAAP financial measures. He referred attendees to the earnings release and supplemental package for GAAP reconciliations and an explanation of these measures.

The Call Begins

With the formalities out of the way, the call was turned over to the management team, who were ready to dive into the details of Rexford Industrial Realty’s Q3 2024 earnings report.

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