Rexford Industrial Realty — Jul 23, 2026 release

Comparable rental rates decreased by 2.8%, compared to prior rents, on a net effective basis and decreased by 11.3% on a cash basis. • Stabilized two development projects totaling 196,391 square feet. • Sold seven properties for a total sales price of $137.9 million. • Company increased its full-year 2026 disposition guidance to $1.5 to $2.0 billion as part of its planned portfolio realignment. • Repurchased 2,801,307 shares of common stock for $100 million at a weighted average price of $35.70 per share. • Subsequent to quarter end, the Board of Directors authorized a new, $1.0 billion stock repurchase program. • Net Debt to Adjusted EBITDA re of 4.5x. "This quarter reflects both strong execution and a transformative step forward in advancing our strategic priorities,” said Laura Clark, Chief Executive Officer. “The realignment of our portfolio through the planned disposition of approximately $2 billion of identified non-core assets will further strengthen our portfolio, enhance cash flow durability and increase financial flexibility, positioning Rexford to maximize long-term shareholder value. We are also encouraged by the continued improvement we are seeing in fundamentals across the infill Southern California industrial market, including increasing tenant demand, positive net absorption and declining vacancy—all early signs of strengthening market conditions. We are confident that our strategic actions, combined with the strength of our value creation platform, will enable Rexford to deliver outsized returns for sharehold