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.
About Rexford Industrial
(MORE TO FOLLOW) Dow Jones Newswires
January 21, 2025 16:05 ET (21:05 GMT)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.