Rexford Industrial Realty (REXR) Investor presentation summary

Strategic leadership and board realignment

• New CEO Laura Clark brings 25 years of REIT experience, transitioning from COO and prior CFO roles.

• Mike Fitzmaurice appointed CFO in November 2024, with extensive public REIT background.

• John Nahas to become COO in April 2026, leveraging 22 years in real estate operations.

• Two board seats rotated, including the addition of independent director David Stockert.

• Former co-CEOs to depart following the 2026 annual meeting.

Capital allocation and operational strategy

• Capital allocation framework prioritizes highest risk-adjusted returns and disciplined portfolio optimization.

• Strategic dispositions target $400M–$500M in 2026, with proceeds recycled into share repurchases and reinvestments.

• $100M of shares repurchased YTD at an average price of $37.45.

• G&A expense reduction of $20M targeted for 2026, with executive compensation realigned to shareholder interests.

• Operations focus on maintaining high occupancy and reducing downtime to drive cash flow.

Portfolio and market fundamentals

• Portfolio comprises 51M SF across 419 industrial properties, valued at $13B.

• 100% of assets are prime infill Southern California locations.

• Market fundamentals show negative net absorption and rising vacancy, but rent declines are tapering and new supply is at historic lows.

• Early renewal of largest tenant (1.1M SF) at market rates preserves occupancy and cash flow.