REXR — what changed in the latest 10-Q
A section-by-section comparison of REXR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-27 vs the prior 10-Q · 2026-07-28
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +80 | −80 | ~85 | 84 |
| Market risk (Item 3) | Text added/removed | +1 | −1 | 0 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-27
•the general level of interest rates including elevated U.S. Treasury yields, and their effect on our cost of capital, the terms on which we may refinance our indebtedness and the ability of potential buyers to finance acquisitions of our properties;
•risks related to our stock repurchase program, including that repurchases may not be made at the times, prices or amounts anticipated, may reduce our liquidity or may not enhance long-term stockholder value;
Our goal is to generate long-term shareholder value by owning and operating competitive, highly functional industrial properties in high-barrier to entry Southern California infill markets. We pursue this objective through (i) a disciplined capital allocation strategy, under which we evaluate dispos…
•Net loss attributable to common stockholders was $404.4 million for the nine months ended September 30, 2026, compared to net income attributable to common stockholders of $268.9 million for the prior-year period.
•Recognized impairment charges of $703.4 million for the nine months ended September 30, 2026, primarily related to properties sold or identified for potential disposition as part of our ongoing portfolio review.
Text removed vs the prior filing · source: 10-Q · 2026-07-28
Our goal is to generate attractive risk-adjusted returns for our stockholders by providing superior access to industrial property investments in high-barrier Southern California infill markets. Our target markets provide us with opportunities to acquire both stabilized properties generating favorabl…
Effective April 1, 2026, Laura Clark assumed the role of Chief Executive Officer and John Nahas assumed the role of Chief Operating Officer, as part of the Company’s leadership succession plan announced in November 2025. Howard Schwimmer and Michael Frankel ceased serving as Co‑Chief Executive Offic…
•Net loss attributable to common stockholders was $419.0 million for the six months ended June 30, 2026, compared to net income attributable to common stockholders of $181.8 million for the prior-year period.
•Recognized impairment charges of $631.6 million for the six months ended June 30, 2026, including $624.8 million recognized during the second quarter of 2026, primarily related to certain properties identified for potential disposition as part of our ongoing portfolio review.
•Net operating income (NOI)(1) decreased by 2.0% to $372.2 million for the six months ended June 30, 2026, compared to the prior-year period.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-10-27
As of September 30, 2026, we had total consolidated indebtedness, excluding unamortized debt issuance costs and premiums/discounts, of $2.79 billion. As of September 30, 2026, 100.0% of this consolidated indebtedness was fixed-rate debt under the terms of the underlying debt agreements or through th…
Text removed vs the prior filing · source: 10-Q · 2026-07-28
As of June 30, 2026, we had total consolidated indebtedness, excluding unamortized debt issuance costs and premiums/discounts, of $3.29 billion. Of this total amount, $3.27 billion, or 99.6%, comprised fixed-rate debt, either under the terms of the underlying debt agreements or through the use of in…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice