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Rexford Industrial Realty Shares Rise After Q2 Beat

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Rexford Industrial Realty's (REXR) shares were up 7.7% in Friday trading after the company late Thursday reported Q2 core funds from operations and revenue that exceeded market expectations.

The company reported Q2 core funds from operations of $0.63 per diluted share, up from $0.59 a year earlier.

Analysts polled by FactSet expected $0.60.

Total revenue for the quarter ended June 30 fell to $245.5 million from $249.5 million a year earlier.

Analysts expected $240.2 million.

The company now expects its full-year core FFO per share to be $2.38 to $2.43, compared with the previous guidance of $2.37 to $2.42. Analysts expect $2.41.

Price: $38.75, Change: $+2.77, Percent Change: +7.68%

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