Rexford Industrial Realty (REXR) will raise its quarterly dividend by 12.5 percent to $0.135 per share in 2015. This is the first ever dividend hike by the REIT following its IPO in 2013.
Rexford Industrial Realty, Inc. is a real estate investment trust (REIT) focused on owning and operating industrial properties throughout Southern California infill markets. Through its controlling interest in operating partnership and its subsidiaries, the company owns, manages, leases, acquires and develops industrial real estate located in Southern California infill markets, and from time to time, acquires or provides mortgage debt secured by industrial property. Rexford Industrial became a public company in 2013.