LOS ANGELES, Jan. 19, 2022 /PRNewswire/ -- Rexford Industrial
Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR),
a real estate investment trust focused on owning and operating
industrial properties located in Southern
California infill markets, today announced the 2021 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
|
|
2021 Tax
Treatment
|
Record
Date
|
|
Payable
Date
|
|
Total
|
|
Taxable in
2021
|
|
Total
Ordinary
Dividends
|
|
Qualified
Dividends
(1)
|
|
Total Capital
Gain
Distributions
|
|
Unrecaptured
Section 1250
Gain (2)
|
|
Return of
Capital
(Nondividend
Distributions)
|
|
Section
199A
Dividends
(3)
|
12/31/2020
|
|
1/15/2021
|
|
$
0.215000
|
|
$
0.142493
|
|
$
0.142493
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.142493
|
3/31/2021
|
|
4/15/2021
|
|
$
0.240000
|
|
$
0.240000
|
|
$
0.240000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.240000
|
6/30/2021
|
|
7/15/2021
|
|
$
0.240000
|
|
$
0.240000
|
|
$
0.240000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.240000
|
9/30/2021
|
|
10/15/2021
|
|
$
0.240000
|
|
$
0.240000
|
|
$
0.240000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.240000
|
12/31/2021
|
|
1/18/2022
|
|
$
0.240000
|
|
$
0.186750
|
|
$
0.186750
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.186750
|
|
|
Totals:
|
|
$
1.175000
|
|
$
1.049243
|
|
$
1.049243
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
1.049243
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 $0.215000 per share payable on January 15,
2021, to shareholders of record as of December 31, 2020, was
treated as paid in two tax years for income tax purposes, with
approximately 66.3%, or $0.142493 per
share, taxable in 2021.
The common stock distribution of $0.240000 per share payable on January 18,
2022, to shareholders of record as of December 31, 2021, will
be treated as paid in two tax years for income tax purposes, with
approximately 77.8%, or $0.186750 per
share, taxable in 2021 and approximately 22.2%, or $0.053250 per share, taxable in 2022.
Series A Preferred Stock - CUSIP Number 76169C209
|
|
|
|
Distribution Per
Share
|
|
2021 Tax
Treatment
|
Record
Date
|
|
Payable
Date
|
|
Total
|
|
Taxable in
2021
|
|
Total
Ordinary
Dividends
|
|
Qualified
Dividends (1)
|
|
Total Capital
Gain
Distributions
|
|
Unrecaptured
Section 1250
Gain (2)
|
|
Return of
Capital
(Nondividend
Distributions)
|
|
Section
199A
Dividends (3)
|
3/15/2021
|
|
3/31/2021
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.367188
|
6/15/2021
|
|
6/30/2021
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.367188
|
See Footnote
(4)
|
|
$
0.183594
|
|
$
0.183594
|
|
$
0.183594
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.183594
|
|
|
Totals:
|
|
$
0.917970
|
|
$
0.917970
|
|
$
0.917970
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.917970
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.
|
(4)
|
On July 12, 2021, the
Company announced the redemption of all 3,600,000 shares of its
5.875% Series A Cumulative Redeemable Preferred Stock. On
August 16, 2021, the redemption date, the Company paid all accrued
dividends to, but not including, the redemption date in an amount
equal to $0.183594 per share.
|
Series B Preferred Stock - CUSIP Number 76169C308
|
|
|
|
Distribution Per
Share
|
|
2021 Tax
Treatment
|
Record
Date
|
|
Payable
Date
|
|
Total
|
|
Taxable in
2021
|
|
Total
Ordinary
Dividends
|
|
Qualified
Dividends (1)
|
|
Total Capital
Gain
Distributions
|
|
Unrecaptured
Section 1250
Gain (2)
|
|
Return of
Capital
(Nondividend
Distributions)
|
|
Section
199A
Dividends (3)
|
3/15/2021
|
|
3/31/2021
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.367188
|
6/15/2021
|
|
6/30/2021
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.367188
|
9/15/2021
|
|
9/30/2021
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.367188
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.367188
|
12/15/2021
|
|
12/31/2021
|
|
$
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
|
|
2021 Tax
Treatment
|
Record
Date
|
|
Payable
Date
|
|
Total
|
|
Taxable in
2021
|
|
Total
Ordinary
Dividends
|
|
Qualified
Dividends (1)
|
|
Total Capital
Gain
Distributions
|
|
Unrecaptured
Section 1250
Gain (2)
|
|
Return of
Capital
(Nondividend
Distributions)
|
|
Section
199A
Dividends (3)
|
3/15/2021
|
|
3/31/2021
|
|
$
0.351563
|
|
$
0.351563
|
|
$
0.351563
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.351563
|
6/15/2021
|
|
6/30/2021
|
|
$
0.351563
|
|
$
0.351563
|
|
$
0.351563
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.351563
|
9/15/2021
|
|
9/30/2021
|
|
$
0.351563
|
|
$
0.351563
|
|
$
0.351563
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.000000
|
|
$
0.351563
|
12/15/2021
|
|
12/31/2021
|
|
$
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
Rexford Industrial, a real estate investment trust focused on
creating value by investing in and operating industrial properties
throughout Southern California
infill markets, owns 296 properties with approximately 36.9 million
rentable square feet and manages an additional 20 properties with
approximately 1.0 million rentable square feet.
For additional information, visit www.rexfordindustrial.com.
Forward Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws, which are based on
current expectations, forecasts and assumptions that involve risks
and uncertainties that could cause actual outcomes and results to
differ materially. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning
matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as "may," "will," "should," "expects," "intends,"
"plans," "anticipates," "believes," "estimates," "predicts," or
"potential" or the negative of these words and phrases or similar
words or phrases which are predictions of or indicate future events
or trends and which do not relate solely to historical matters.
While forward-looking statements reflect the Company's good faith
beliefs, assumptions and expectations, they are not guarantees of
future performance. For a further discussion of these and other
factors that could cause the Company's future results to differ
materially from any forward-looking statements, see the reports and
other filings by the Company with the U.S. Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K for
the year ended December 31, 2020. The
Company disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, of new information, data or methods, future
events or other changes.
Contact:
Investor Relations:
Stephen Swett
424-256-2153 ext. 401
investorrelations@rexfordindustrial.com
View original
content:https://www.prnewswire.com/news-releases/rexford-industrial-announces-2021-tax-treatment-of-dividend-distributions-301464322.html
SOURCE Rexford Industrial Realty, Inc.