Rexford Industrial’s Big Q2 Loss and Strategic Shift | Real Estate News

Real Estate News Today | 2 Min News | The Daily News Now! · Jul 24, 2026 · 1m

Rexford Industrial just hit a major earnings bomb—reporting a $500M+ loss in Q2, fueled by massive asset write-downs, a sharp reversal from last year’s $100M+ profit. Driven by Elliott’s involvement, the company’s pivoting hard, now targeting $2B in industrial sales (up from $500M) to shed “non-core” assets and boost cash flow. CEO Laura Clark spins a hopeful tale: Southern California’s industrial market is heating up with rising tenant demand and falling vacancies—even if rents dipped 3%. Funds from operations edged up 1%, and they’re still signing leases, closing over 2M sq ft in new and…