Rexford Industrial Realty Completes $1.2 Billion Portfolio Sale, Reaffirms 2026 Guidance

04:36 PM EDT, 09/17/2026 (MT Newswires) -- Rexford Industrial Realty (REXR) said late Thursday it completed the previously announced sale of a 22-property industrial portfolio to an affiliate of EQT Real Estate for about $1.2 billion. The company said that in Q3 to date, it has used part of the proceeds to repay $485 million of debt and repurchase $205 million of common stock. Remaining proceeds are expected to go toward 2027 debt maturities, additional share repurchases and internal development and repositioning projects. The company also reaffirmed its 2026 guidance issued with its Q2 earnings report on July 23, according to the statement.