LOS
ANGELES, Jan. 21, 2025 /PRNewswire/ -- Rexford
Industrial Realty, Inc. (the "Company" or "Rexford Industrial")
(NYSE: REXR), a real estate investment trust focused on creating
value by investing in and operating industrial properties located
throughout infill Southern
California, today announced the 2024 tax treatment of the
Company's common stock and preferred stock dividend distributions,
as described below. Shareholders are encouraged to consult with
their personal tax advisors as to their specific tax treatment of
the Company's dividend distributions.
Common Stock - CUSIP Number 76169C100
|
|
|
|
Distribution Per
Share
|
|
2024 Tax
Treatment
|
|
Record
Date
|
|
Payable
Date
|
|
Total
|
|
Taxable in
2024
|
|
Total
Ordinary
Dividends
|
|
Qualified
Dividends (1)
|
|
Total Capital
Gain
Distributions
|
|
Unrecaptured
Section 1250
Gain (2)
|
|
Return of
Capital
(Nondividend
Distributions)
|
|
Section
199A
Dividends (3)
|
|
12/29/2023
|
|
1/16/2024
|
|
$
0.380000
|
|
$
0.304254
|
|
$
0.302286
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$
0.001968
|
|
$
0.302286
|
|
3/28/2024
|
|
4/15/2024
|
|
$
0.417500
|
|
$
0.417500
|
|
$
0.414800
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$
0.002700
|
|
$
0.414800
|
|
6/28/2024
|
|
7/15/2024
|
|
$
0.417500
|
|
$
0.417500
|
|
$
0.414800
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$
0.002700
|
|
$
0.414800
|
|
9/30/2024
|
|
10/15/2024
|
|
$
0.417500
|
|
$
0.417500
|
|
$
0.414800
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$
0.002700
|
|
$
0.414800
|
|
12/31/2024
|
|
1/15/2025
|
|
$
0.417500
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
|
Totals:
|
|
$
2.050000
|
|
$
1.556754
|
|
$
1.546686
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$
0.010068
|
|
$
1.546686
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Form 1099-DIV
Box:
|
|
|
|
|
|
1a
|
|
1b
|
|
2a
|
|
2b
|
|
3
|
|
5
|
|
|
|
(1)
|
Qualified Dividends
(Box 1b) are a subset of, and are included in, the Total Ordinary
Dividends reported in Box 1a.
|
|
(2)
|
Unrecaptured Section
1250 Gain (Box 2b) is a subset of, and is included in, the Total
Capital Gain Distributions reported in box 2a.
|
|
(3)
|
The Tax Cuts and Jobs
Act enacted on December 22, 2017, generally allows a deduction for
individuals equal to 20% of ordinary dividends distributed by a
REIT (excluding capital gain dividends and qualified dividend
income). Section 199A Dividends (Box 5) are a subset of, and are
included in, the Taxable Ordinary Dividends reported in Box
1a.
|
The common stock distribution of $0.380000 per share payable on January 16,
2024, to shareholders of record as of December 29, 2023, was
treated as paid in two tax years for income tax purposes, with
approximately 80.07%, or $0.304254
per share allocable to 2024 for federal income tax purposes.
The common stock distribution of $0.417500 per share payable on January 15,
2025, to shareholders of record as of December 31, 2024, is
considered a 2025 distribution for federal income tax purposes.
Series B Preferred Stock - CUSIP Number 76169C308
|
|
|
|
Distribution Per
Share
|
|
2024 Tax
Treatment
|
|
Record
Date
|
|
Payable
Date
|
|
Total
|
|
Taxable in
2024
|
|
Total
Ordinary
Dividends
|
|
Qualified
Dividends (1)
|
|
Total Capital
Gain
Distributions
|
|
Unrecaptured
Section 1250
Gain (2)
|
|
Return of
Capital
(Nondividend
Distributions)
|
|
Section
199A
Dividends (3)
|
|
3/15/2024
|
|
3/28/2024
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.367188
|
|
$ 0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.367188
|
|
6/14/2024
|
|
6/28/2024
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.367188
|
|
$ 0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.367188
|
|
9/16/2024
|
|
9/30/2024
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.367188
|
|
$ 0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.367188
|
|
12/16/2024
|
|
12/31/2024
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.367188
|
|
$ 0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.367188
|
|
|
Totals:
|
|
$
1.468752
|
|
$
1.468752
|
|
$
1.468752
|
|
$ 0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
1.468752
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Form 1099-DIV
Box:
|
|
|
|
|
|
1a
|
|
1b
|
|
2a
|
|
2b
|
|
3
|
|
5
|
|
|
|
(1)
|
Qualified Dividends
(Box 1b) are a subset of, and are included in, the Total Ordinary
Dividends reported in Box 1a.
|
|
(2)
|
Unrecaptured Section
1250 Gain (Box 2b) is a subset of, and is included in, the Total
Capital Gain Distributions reported in box 2a.
|
|
(3)
|
The Tax Cuts and Jobs
Act enacted on December 22, 2017, generally allows a deduction for
individuals equal to 20% of ordinary dividends distributed by a
REIT (excluding capital gain dividends and qualified dividend
income). Section 199A Dividends (Box 5) are a subset of, and are
included in, the Taxable Ordinary Dividends reported in Box
1a.
|
Series C Preferred Stock - CUSIP Number 76169C407
|
|
|
|
Distribution Per
Share
|
|
2024 Tax
Treatment
|
|
Record
Date
|
|
Payable
Date
|
|
Total
|
|
Taxable in
2024
|
|
Total
Ordinary
Dividends
|
|
Qualified
Dividends (1)
|
|
Total Capital
Gain
Distributions
|
|
Unrecaptured
Section 1250
Gain (2)
|
|
Return of
Capital
(Nondividend
Distributions)
|
|
Section
199A
Dividends (3)
|
|
3/15/2024
|
|
3/28/2024
|
|
$
0.351563
|
|
$
0.351563
|
|
$
0.351563
|
|
$ 0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.351563
|
|
6/14/2024
|
|
6/28/2024
|
|
$
0.351563
|
|
$
0.351563
|
|
$
0.351563
|
|
$ 0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.351563
|
|
9/16/2024
|
|
9/30/2024
|
|
$
0.351563
|
|
$
0.351563
|
|
$
0.351563
|
|
$ 0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.351563
|
|
12/16/2024
|
|
12/31/2024
|
|
$
0.351563
|
|
$
0.351563
|
|
$
0.351563
|
|
$ 0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
0.351563
|
|
|
Totals:
|
|
$
1.406252
|
|
$
1.406252
|
|
$
1.406252
|
|
$ 0.000000
|
|
$ 0.000000
|
|
$
0.000000
|
|
$ 0.000000
|
|
$
1.406252
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Form 1099-DIV
Box:
|
|
|
|
|
|
1a
|
|
1b
|
|
2a
|
|
2b
|
|
3
|
|
5
|
|
|
|
(1)
|
Qualified Dividends
(Box 1b) are a subset of, and are included in, the Total Ordinary
Dividends reported in Box 1a.
|
|
(2)
|
Unrecaptured Section
1250 Gain (Box 2b) is a subset of, and is included in, the Total
Capital Gain Distributions reported in box 2a.
|
|
(3)
|
The Tax Cuts and Jobs
Act enacted on December 22, 2017, generally allows a deduction for
individuals equal to 20% of ordinary dividends distributed by a
REIT (excluding capital gain dividends and qualified dividend
income). Section 199A Dividends (Box 5) are a subset of, and are
included in, the Taxable Ordinary Dividends reported in Box
1a.
|
About Rexford Industrial
Rexford Industrial creates value by investing in, operating and
redeveloping industrial properties throughout infill Southern California, the world's fourth
largest industrial market and consistently the highest demand,
lowest supply market in the nation. The Company's highly
differentiated strategy enables internal and external growth
opportunities through its proprietary value creation and asset
management capabilities. Rexford Industrial's high-quality,
irreplaceable portfolio comprises 424 properties with approximately
50.5 million rentable square feet occupied by a stable and diverse
tenant base. Structured as a real estate investment trust (REIT)
listed on the New York Stock Exchange under the ticker "REXR,"
Rexford Industrial is an S&P MidCap 400 Index member. For more
information, please visit www.rexfordindustrial.com.
Forward Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws, which are based on
current expectations, forecasts and assumptions that involve risks
and uncertainties that could cause actual outcomes and results to
differ materially. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning
matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as "may," "will," "should," "expects," "intends,"
"plans," "anticipates," "believes," "estimates," "predicts," or
"potential" or the negative of these words and phrases or similar
words or phrases which are predictions of or indicate future events
or trends and which do not relate solely to historical matters.
While forward-looking statements reflect the Company's good faith
beliefs, assumptions and expectations, they are not guarantees of
future performance. For a further discussion of these and other
factors that could cause the Company's future results to differ
materially from any forward-looking statements, see the reports and
other filings by the Company with the U.S. Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K for
the year ended December 31, 2023. The
Company disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, of new information, data or methods, future
events or other changes.
Contact:
Mikayla Lynch
Director, Investor Relations and Capital Markets
(424) 276-3454
mlynch@rexfordindustrial.com
View original
content:https://www.prnewswire.com/news-releases/rexford-industrial-announces-2024-tax-treatment-of-dividend-distributions-302356610.html
SOURCE Rexford Industrial Realty, Inc.
