Rexford Industrial Realty announced that its properties in Los Angeles County sustained no damage from the recent wildfires. The company does not anticipate any unfavorable impacts to its operating results or financial condition as a direct consequence of these events.
The company's co-Chief Executive Officers, Michael Frankel and Howard Schwimmer, stated that their priority was the safety of employees, their families, and the broader community. They confirmed that all members of the Rexford family are safe.
This update provides reassurance to investors regarding the resilience of Rexford Industrial's portfolio in the face of natural disasters. The absence of damage means no unexpected capital expenditures for repairs and no disruption to rental income from affected properties, maintaining operational stability.
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