Rexford Industrial Realty (REXR) investor relations material

Leadership and strategic realignment

• Management team realigned with new CEO and COO appointments, aiming for enhanced operational rigor and capital allocation discipline.

• Executive compensation structure recalibrated, now approximately half of prior levels, aligning interests with shareholders.

• Team culture is being reshaped to support the next phase of growth, with internal excitement for the transition.

Capital allocation and asset recycling

• Portfolio optimization underway, focusing on selling assets with premium valuations, reducing development exposure, and mitigating future cash flow risk.

• $185 million of dispositions under contract or accepted offer, with $400–$500 million projected for the full year.

• Capital redeployed into share repurchases ($100 million YTD, $250 million last year) and select value-add properties.

• Asset recycling expected to remain a core strategy, with 1–3% of assets likely sold annually going forward.

Market outlook and portfolio positioning

• Signs of market bottoming in Southern California industrial sector as rent declines moderate and touring activity increases.

• Sub-markets show varied stability; smaller, functional Class B assets outperform larger or Class A spaces.

• Long-term supply constraints and regulatory changes expected to benefit existing industrial stock.