Rexford Industrial Realty to Restructure Capital Plan Amid CEO Transition

MT Newswires Live11-19

Rexford Industrial Realty (REXR) said Tuesday it is planning to refocus capital strategy through asset sales and reposition projects, and use it for share repurchases and debt repayment.

The company added it is reevaluating its development pipeline to reduce exposure and will prioritize high-return projects that meet updated underwriting standards.

Looking ahead to 2026, Rexford said it expects to realize an additional $20 million to $25 million of net general and administrative savings following the CEO leadership transition, which it announced in a separate statement. The company's chief operating officer Laura Clark will succeed Co-CEOs Howard Schwimmer and Michael Frankel as CEO on April 1, 2026, the company said.

The company will add an independent director by the end of 2025 after engagement with Elliott Investment Management, Rexford added.

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