Rexford’s incoming chief executive and current chief operating officer Laura Clark used the occasion of the industrial investor’s quarterly earnings call to discuss plans to dispose of $400 million to $500 million worth of assets this year. Rexford reported a loss of about $69 million during the fourth quarter, compared to an income of $59 million for the same period a year earlier, in its first earnings since it announced plans for a CEO succession in the wake of activist investor Paul Singer’s Elliott Investment Management becoming one of its largest shareholders. According to Rexford, $89 million of impairments related […]
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