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 6/30/2019 USD 2019 Q2 YTD 6/30/2019 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 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD

ASSETS

Land 492,704 683,919 997,588 1,298,957 1,590,321
Buildings and improvements 650,075 811,614 1,079,746 1,332,438 1,528,750
Tenant improvements 28,977 38,644 49,692 60,024 66,665
Furniture, fixtures and equipment 188 174 167 149 141
Construction in progress 16,822 17,778 34,772 24,515 23,576
Total real estate held for investment 1,188,766 1,552,129 2,161,965 2,716,083 3,209,453
Accumulated depreciation (103,623) (135,140) (173,541) (228,742) (261,231)
Investments in real estate, net 1,085,143 1,416,989 1,988,424 2,487,341 2,948,222
Cash and cash equivalents 5,201 15,525 6,620 180,601 172,209
Restricted cash NA 0 250 0 11,055
Notes receivable 0 5,934 NA NA NA
Rents and other receivables, net 3,040 2,749 3,664 4,944 3,614
Deferred rent receivable, net 7,827 11,873 15,826 22,228 25,462
Deferred leasing costs, net 5,331 8,672 12,014 14,002 16,722
Deferred loan costs, net 1,445 847 1,930 1,312 1,004
Acquired lease intangible assets, net 30,383 36,365 49,239 55,683 61,664
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 1,414
Other assets 5,523 5,290 6,146 6,723 14,204
Investment in unconsolidated real estate entities 4,087 NA NA NA NA
Acquisition related deposits NA 0 2,475 925 4,615
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 3,265,341

LIABILITIES & EQUITY

Liabilities

Notes payable 418,154 500,184 668,941 757,371 757,677
Interest rate swap liability 3,144 2,045 219 2,351 8,671
Accounts payable, accrued expenses and other liabilities 12,631 13,585 21,134 21,074 26,065
Dividends payable 7,806 9,282 11,727 15,938 20,823
Acquired lease intangible liabilities, net 3,387 9,130 18,067 52,727 55,084
Tenant security deposits 11,539 15,187 19,521 23,262 26,123
Prepaid rents 2,846 3,455 6,267 6,539 6,289
Liabilities associated with real estate held for sale NA 0 243 NA NA
Total Liabilities 459,507 552,868 746,119 879,262 900,732

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 1,095
Additional paid in capital 722,722 907,834 1,239,810 1,798,113 2,255,849
Cumulative distributions in excess of earnings (48,103) (59,277) (67,058) (88,341) (107,056)
Accumulated other comprehensive (loss) income (3,033) 3,445 6,799 6,262 (7,101)
Total stockholders' equity 672,139 939,315 1,340,046 1,876,094 2,301,881
Noncontrolling interests 21,605 22,825 25,208 32,329 62,728
Total Equity 693,744 962,140 1,365,254 1,908,423 2,364,609
Total Liabilities and Equity 1,153,251 1,515,008 2,111,373 2,787,685 3,265,341
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.