Rexford Industrial Realty, Inc. announced the 2024 tax treatment for its common stock and preferred stock dividend distributions. For common stock, the total distribution per share for 2024 was $2.050000, with $1.556754 per share classified as total ordinary dividends taxable in 2024.
The company specified that for the common stock distribution payable on January 16, 2024, approximately 80.07%, or $0.304254 per share, was allocable to 2024 for federal income tax purposes. The distribution payable on January 15, 2025, is considered a 2025 distribution for federal income tax purposes.
For Series B and Series C Preferred Stock, all 2024 distributions were classified as total ordinary dividends. This detailed breakdown is essential for shareholders to accurately prepare their tax filings and understand the nature of their investment income from the REIT.
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