Why Rexford Industrial Reality (REXR) Stock Is Advancing Today

NEW YORK (TheStreet) --Shares of Rexford Industrial Realty Inc. (REXR) are higher by 2.83% to $13.98 in mid-afternoon trading on Thursday, after the company announced the pricing of its underwritten public offering of 15 million shares of common stock, at a price of $13.50 per share.

The real estate investment trust, which focuses on owning and operating industrial properties in southern California, said it expects net proceeds of $193.4 million.

Underwriters were granted a 30-day option to purchase up to an addition 2 million shares.

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The anticipated closing date of the offering is August 19.

REXR Chart REXR data by YCharts

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