As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD

ASSETS

Land 492,704 683,919 997,588 1,298,957 1,364,738
Buildings and improvements 650,075 811,614 1,079,746 1,332,438 1,422,684
Tenant improvements 28,977 38,644 49,692 60,024 62,908
Furniture, fixtures and equipment 188 174 167 149 149
Construction in progress 16,822 17,778 34,772 24,515 20,331
Total real estate held for investment 1,188,766 1,552,129 2,161,965 2,716,083 2,870,810
Accumulated depreciation (103,623) (135,140) (173,541) (228,742) (245,033)
Investments in real estate, net 1,085,143 1,416,989 1,988,424 2,487,341 2,625,777
Cash and cash equivalents 5,201 15,525 6,620 180,601 276,575
Restricted cash NA 0 250 NA NA
Notes receivable 0 5,934 NA NA NA
Rents and other receivables, net 3,040 2,749 3,664 4,944 4,548
Deferred rent receivable, net 7,827 11,873 15,826 22,228 24,290
Deferred leasing costs, net 5,331 8,672 12,014 14,002 14,139
Deferred loan costs, net 1,445 847 1,930 1,312 1,158
Acquired lease intangible assets, net 30,383 36,365 49,239 55,683 56,122
Acquired indefinite-lived intangible 5,271 5,170 5,156 5,156 5,156
Interest rate swap asset 0 5,594 7,193 8,770 5,896
Other assets 5,523 5,290 6,146 6,723 12,580
Investment in unconsolidated real estate entities 4,087 NA NA NA NA
Acquisition related deposits NA 0 2,475 925 10,875
Assets associated with real estate held for sale NA 0 12,436 NA NA
Total Assets 1,153,251 1,515,008 2,111,373 2,787,685 3,037,116

LIABILITIES & EQUITY

Liabilities

Notes payable 418,154 500,184 668,941 757,371 757,524
Interest rate swap liability 3,144 2,045 219 2,351 4,604
Accounts payable, accrued expenses and other liabilities 12,631 13,585 21,134 21,074 33,728
Dividends payable 7,806 9,282 11,727 15,938 19,774
Acquired lease intangible liabilities, net 3,387 9,130 18,067 52,727 52,426
Tenant security deposits 11,539 15,187 19,521 23,262 24,396
Prepaid rents 2,846 3,455 6,267 6,539 6,828
Liabilities associated with real estate held for sale NA 0 243 NA NA
Total Liabilities 459,507 552,868 746,119 879,262 899,280

Equity

Rexford Industrial Realty, Inc. stockholders' equity
Preferred stock
5.875% series A cumulative redeemable preferred stock 0 86,651 86,651 86,651 86,651
5.875% series B cumulative redeemable preferred stock NA 0 73,062 72,443 72,443
Common Stock 553 662 782 966 1,038
Additional paid in capital 722,722 907,834 1,239,810 1,798,113 2,042,218
Cumulative distributions in excess of earnings (48,103) (59,277) (67,058) (88,341) (99,715)
Accumulated other comprehensive income (3,033) 3,445 6,799 6,262 1,261
Total stockholders' equity 672,139 939,315 1,340,046 1,876,094 2,103,896
Noncontrolling interests 21,605 22,825 25,208 32,329 33,940
Total Equity 693,744 962,140 1,365,254 1,908,423 2,137,836
Total Liabilities and Equity 1,153,251 1,515,008 2,111,373 2,787,685 3,037,116
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.