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Rexford Industrial Announces Fourth Quarter And Full Year 2020 Financial Results
February 10, 2021 GMT
LOS ANGELES, Feb. 10, 2021 /PRNewswire/ Rexford Industrial Realty, Inc. (the “Company” or “Rexford Industrial”) (NYSE: REXR), a real estate investment trust (“REIT”) focused on creating value by investing in and operating industrial properties in Southern California infill markets, today announced financial and operating results for the fourth quarter and full year of 2020.
Fourth Quarter 2020 Financial and Operational Highlights:
Net income attributable to common stockholders of $13.2 million, or $0.10 per diluted share, as compared to $19.9 million, or $0.18 per diluted share, for the fourth quarter of 2019.
Shares fell in Tokyo and Sydney on Friday after stocks closed nearly flat on Wall Street, though the S&P 500 and the Nasdaq composite still logged record highs.
Press release content from Business Wire. The AP news staff was not involved in its creation.
KBRA Assigns Preliminary Ratings to GSMS 2021-RENT
February 10, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 10, 2021
Kroll Bond Rating Agency (KBRA) announces the assignment of preliminary ratings to 13 classes of GSMS 2021-RENT, a CMBS single-borrower securitization.
The collateral for the transaction is a $347.2 million portion of a $674.8 million non-recourse, first lien mortgage loan. The floating rate loan has an initial two-year term with one, one-year extension option, and requires monthly interest-only payments based on one-month LIBOR. The loan is secured by the borrower’s fee simple interests in 62 multifamily properties totaling 1,734 units located throughout San Francisco, California. As of December 2020, the portfolio was 74.7% occupied.
A federal control board that oversees Puerto Rico’s finances says it has reached an agreement in principal with creditors to reduce a portion of the U.S. territory’s more than $70 billion public debt load
Major Asian stock indexes were mostly higher on Thursday after President Joe Biden held his first conversation with Chinese leader Xi Jinping since taking office.