It’s earnings season. Rexford Industrial Realty reported $113 million in net income in the second quarter, a 42 percent increase from a year earlier. The Los Angeles-based industrial real estate investment trust’s revenues ticked up, too. Co-Chief Executives Micheal Frankel and Howard Schwimmer attributed it to what they called “the resiliency of our business model in today’s dynamic market environment,” in the firm’s earnings release. “The long-term, superior supply and demand drivers within infill Southern California, our substantial embedded growth opportunity, fortress-like balance sheet and best-in-class team continue to deliver growing value to our stakeholders,” the two said. Rexford executed […]
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