Rexford Industrial Announces 2024 Tax Treatment of Dividend Distributions

PR Newswire

LOS ANGELES, Jan. 21, 2025

LOS ANGELES, Jan. 21, 2025 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") $(REXR)$, 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 
                                                      ----------------------------------------------------------------------------------------- 
                                                                                                                     Return of 
                                                         Total      Qualified    Total Capital    Unrecaptured        Capital      Section 199A 
  Record        Payable                  Taxable in     Ordinary    Dividends         Gain         Section 1250     (Nondividend    Dividends 
    Date          Date         Total         2024      Dividends       (1)        Distributions      Gain (2)      Distributions)      (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 
                            --------------------------  ----------------------------------------------------------------------------------------- 
                                                                                                                       Return of 
                                                           Total        Qualified    Total Capital   Unrecaptured       Capital      Section 199A 
  Record        Payable                    Taxable in     Ordinary      Dividends        Gain         Section 1250    (Nondividend    Dividends 
    Date          Date         Total          2024        Dividends        (1)       Distributions      Gain (2)     Distributions)      (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 
                            --------------------------  ----------------------------------------------------------------------------------------- 
                                                                                                                       Return of 
                                                           Total        Qualified    Total Capital   Unrecaptured       Capital      Section 199A 
  Record        Payable                    Taxable in     Ordinary      Dividends        Gain         Section 1250    (Nondividend    Dividends 
    Date          Date         Total          2024        Dividends        (1)       Distributions      Gain (2)     Distributions)      (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. 
 

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January 21, 2025 16:05 ET (21:05 GMT)