Laura Clark has led earnings calls before but Thursday’s was her first as incoming chief executive of Rexford Industrial. The call began with a pre-recorded personal note from co-founders and co-CEOs Michael Frankel and Howard Schwimmer, who were not on the call. Clark thanked the founders, who she’ll soon replace in the Elliott era, but made it clear Rexford’s next chapter has begun. Earnings were mixed. The real estate investment trust reported losses in the fourth quarter but was still profitable for all of 2025. It blamed losses on sell-offs of several properties along with co-CEO transition costs–and we know […]
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