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Rexford Industrial Realty stock jumps on Elliott stake report

Published 27/08/2025, 14:28
© Reuters.
REXR
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Investing.com -- Rexford Industrial Realty (NYSE:REXR) stock rose over 5% Wednesday following a Bloomberg report that activist investor Elliott Investment Management has acquired a significant stake in the Los Angeles-based real estate investment trust.

According to people familiar with the matter, Elliott’s position makes it one of the top five shareholders in Rexford, though the hedge fund’s intentions regarding the investment remain unclear. Representatives from Elliott declined to comment, while Rexford did not immediately respond to requests for comment.

The industrial REIT has underperformed the broader market over the past year, with shares falling approximately 17.4% during that period. This decline stands in contrast to the US REITs index, which has decreased by just 2.4% over the same timeframe.

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