Financial Performance - Net income attributable to common stockholders increased by 76.0% to $80.0 million for the six months ended June 30, 2022, compared to the prior year[194]. - Core funds from operations (Core FFO) attributable to common stockholders increased by 56.5% to $158.3 million for the six months ended June 30, 2022, compared to the prior year[194]. - Net operating income (NOI) increased by 41.7% to $220.7 million for the six months ended June 30, 2022, compared to the prior year[194]. - Net income for the six months ended June 30, 2022, was $89.8 million, an increase of $33.1 million, or 58.4%, compared to the same period in 2021[261]. - Net income for Q2 2022 was $40.9 million, a 57% increase from $26.0 million in Q2 2021[288]. - Total Portfolio rental revenue increased by $36.3 million, or 41.8%, during the three months ended June 30, 2022, compared to the same period in 2021[248]. - Total Portfolio revenues increased by $85.7 million, or 42.0% for the six months ended June 30, 2022, compared to the same period in 2021[265]. - Funds From Operations (FFO) attributable to common stockholders was $170.395 million for the six months ended June 30, 2022, compared to $114.442 million for the same period in 2021[282]. Leasing Activity - Executed a total of 195 new and renewal leases with a combined 2.3 million rentable square feet, with leasing spreads of 77.7% on a GAAP basis and 59.5% on a cash basis[194]. - The average effective rent per square foot for new leases in Q2 2022 was $22.98, with a GAAP leasing spread of 107.6%[226]. - The average effective rent per square foot for renewal leases in Q2 2022 was $19.48, with a GAAP leasing spread of 73.0%[226]. - The company renewed 124 leases for 1.3 million rentable square feet during the six months ended June 30, 2022, resulting in a retention rate of 71.0%[232]. - Scheduled lease expirations represent approximately 6.6% and 14.6% of the total rentable square footage for the remainder of 2022 and 2023, respectively[232]. Property Acquisitions and Dispositions - Completed 14 acquisitions representing 17 properties with 1.5 million rentable square feet for an aggregate purchase price of $457.7 million in Q1 2022[199]. - Completed the acquisition of 18 properties with 1.4 million rentable square feet for an aggregate purchase price of $598.9 million in Q2 2022[199]. - Year to date, the company acquired 41 properties totaling 4.4 million rentable square feet for an aggregate purchase price of $1.7 billion, with over $500 million of acquisitions under contract or letter of intent[318]. - The company completed the disposition of one property for a sales price of $16.5 million during the first half of 2022[307]. Occupancy Rates - Total portfolio occupancy at June 30, 2022 was 95.2%[194]. - As of June 30, 2022, the consolidated portfolio occupancy rate was approximately 95.2%, while the stabilized portfolio occupancy rate was approximately 98.2%[222]. - Same Property Portfolio occupancy was approximately 98.9% as of June 30, 2022, compared to 98.4% in 2021[243]. - The weighted average occupancy for the Same Property Portfolio was approximately 99.1% for the three months ended June 30, 2022, compared to 98.1% in 2021[243]. Property Expenses and Income - Property expenses for the Same Property Portfolio increased by $2.4 million, or 11.0%, during the three months ended June 30, 2022[245]. - Same Property Portfolio property expenses increased by $5.0 million, or 11.6%, while Total Portfolio property expenses increased by $20.7 million, or 43.0%, during the six months ended June 30, 2022, compared to the same period in 2021[270]. - Total Portfolio property expenses increased by $10.9 million, or 44.2%, during the three months ended June 30, 2022, compared to the same period in 2021[254]. - Total Portfolio tenant reimbursements revenue increased by $16.2 million, or 48.0% during the six months ended June 30, 2022, compared to the same period in 2021[266]. Debt and Financing - The company has outstanding fixed-rate and variable-rate debt totaling $1.7 billion, with $6.0 million due within 12 months[299]. - Total consolidated debt as of June 30, 2022, was $1.674 billion, with an effective interest rate of 2.742%[326]. - The company amended its credit agreement on May 26, 2022, establishing a $700 million unsecured revolving credit facility and a $300 million senior unsecured term loan facility, with maturity dates of February 13, 2024, and May 26, 2027, respectively[311]. - The company anticipates continuing to selectively dispose of properties based on market conditions and capital needs[308]. - The company expects to fund acquisitions through available cash, cash flows from operations, and borrowings under the Revolver[318]. Capital Expenditures - The company estimates approximately $384.7 million in capital expenditures will be required over the next three years for property repositioning and redevelopment[319]. - Non-recurring capital expenditures for the six months ended June 30, 2022, totaled $41.459 million, while recurring capital expenditures amounted to $3.314 million[320]. Economic Conditions - Recent inflation and supply chain pressures have led to increased construction costs and delays, potentially impacting future earnings[219]. - Inflation has not materially impacted the company, but a prolonged period of high inflation could increase operating expenses and capital expenditures[340]. - If LIBOR and SOFR increase by 50 basis points, the increase in interest expense on variable-rate debt would decrease future earnings and cash flows by approximately $2.4 million annually[343].

Rexford Industrial Realty, Inc. (NYSE:REXR) Q2 2022 Earnings Conference Call June 21, 2022 1:00 PM ET Company Participants David Lanzer - General Counsel and Corporate Secretary Laura Clark - CFO Michael Frankel - Co-CEO Officer and Director Howard Schwimmer - Co-CEO Executive Officer and Director Conference Call Participants Jamie Feldman - Bank of America Craig Mailman - Citi Blaine Heck - Wells Fargo Connor Siversky - Berenberg Vince Tibone - Green Street Dave Rodgers - Robert W. Baird Mike Mueller - JPM ...

Rexford Industrial Realty NYSE: REXR www.rexfordindustrial.com Investor Presentation July 2022 2 Forward Looking Statements REXFORD INDUSTRIAL INVESTOR PRESENTATION This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution investors that any forward-looking statements presented herein are based on management's beliefs and assumptions and information currently available to management. Such statements are subject to risks, un ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36008 Rexford Industrial Realty, Inc. (Exact name of registrant as specified in its charter) Maryland 46-2024407 (State or othe ...

Rexford Industrial Realty, Inc. (NYSE:REXR) Q1 2022 Earnings Conference Call April 20, 2022 1:00 PM ET Company Participants David Lanzer - General Counsel and Corporate Secretary Michael Frankel - Co-Chief Executive Officer and Director Howard Schwimmer - Co-Chief Executive Officer and Director Laura Clark - Chief Financial Officer Conference Call Participants Manny Korchman - Citi Jamie Feldman - Bank of America Blaine Heck - Wells Fargo Connor Siversky - Berenberg Mike Mueller – JPMorgan Dave Rodgers - Ba ...

Rexford Industrial Realty NYSE: REXR www.rexfordindustrial.com Investor Presentation April 2022 2 Forward Looking Statements REXFORD INDUSTRIAL INVESTOR PRESENTATION This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution investors that any forward-looking statements presented herein are based on management's beliefs and assumptions and information currently available to management. Such statements are subject to risks, u ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________________________________ .._______________________________________________________________________________________________ FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR Rexford Industrial Realty, Inc. (Exact name of registrant as specified in its charter) .____ ...

Rexford Industrial Realty, Inc. (NYSE:REXR) Q4 2021 Earnings Conference Call February 10, 2022 1:00 PM ET Company Participants David Lanzer - General Counsel Michael Frankel - Co-CEO & Director Howard Schwimmer - Co-CEO & Director Laura Clark - CFO Conference Call Participants Jamie Feldman - Bank of America Manny Korchman - Citi Connor Siversky - Berenberg Dave Rodgers - Baird Mike Mueller - JPMorgan Chris Lucas - Capital One Securities Blaine Heck - Wells Fargo Disclaimer*: This transcript is designed to ...

Financial Highlights - Net Operating Income (NOI) for Q4 2021 reached $100.5 million, a 51% year-over-year growth[15] - Company share of Core FFO for Q4 2021 was $69.6 million, a 61% year-over-year increase[16] - Adjusted EBITDA for Q4 2021 amounted to $95.8 million, reflecting a 47% year-over-year growth[18] - Adjusted Funds From Operations (AFFO) for Q4 2021 totaled $59.1 million, a 53% year-over-year increase[19] Portfolio Performance - Total number of properties in the portfolio reached 296[11] - Total rentable square feet in the portfolio amounted to 36,922,021[11] - Total portfolio occupancy stood at 96.3%[11] - Same Property Portfolio occupancy was 99.1%[11] - Same Property Portfolio NOI growth was 10.0%[11] - Same Property Portfolio Cash NOI growth was 6.8%[11] Capitalization and Debt - Net debt to total combined market capitalization was 9.1%[11] - Net debt to Adjusted EBITDA was 3.6x[11]

PART I FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents Rexford Industrial Realty, Inc.'s unaudited consolidated financial statements, including balance sheets, statements of operations, cash flows, and notes, for the periods ended September 30, 2021 [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Total assets increased to **$6.22 billion** by September 30, 2021, from **$4.95 billion** at year-end 2020, driven by real estate investments, with liabilities and equity also rising Consolidated Balance Sheet Highlights (Amounts in thousands USD) | Account | September 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$6,223,757** | **$4,951,174** | | Investments in real estate, net | $5,903,565 | $4,572,532 | | Cash and cash equivalents | $60,154 | $176,293 | | **Total Liabilities** | **$1,696,081** | **$1,420,582** | | Notes payable | $1,386,649 | $1,216,160 | | **Total Equity** | **$4,527,676** | **$3,530,592** | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Total revenues for Q3 2021 increased to **$115.4 million**, leading to **$31.5 million** net income, while nine-month revenues reached **$319.5 million** with net income of **$77.0 million** Consolidated Statements of Operations Highlights (Amounts in thousands USD, except per share data) | Metric | Q3 2021 | Q3 2020 | Nine Months 2021 | Nine Months 2020 | | :--- | :--- | :--- | :--- | :--- | | **Total Revenues** | **$115,403** | **$83,856** | **$319,526** | **$241,486** | | Rental income | $115,260 | $83,622 | $319,140 | $240,882 | | **Total Operating Expenses** | **$77,983** | **$58,959** | **$219,660** | **$170,150** | | **Net Income** | **$40,186** | **$31,197** | **$96,866** | **$62,740** | | **Net Income Attributable to Common Stockholders** | **$31,545** | **$25,901** | **$76,993** | **$48,110** | | **Net income per share - diluted** | **$0.23** | **$0.21** | **$0.57** | **$0.40** | [Consolidated Statements of Cash Flows](index=10&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities increased to **$179.9 million**, while investing activities used **$1.35 billion** and financing activities provided **$1.06 billion**, resulting in a cash decrease to **$60.2 million** Consolidated Statements of Cash Flows Highlights (Amounts in thousands USD) | Cash Flow Activity | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | **$179,943** | **$146,648** | | **Net cash used in investing activities** | **($1,352,721)** | **($222,098)** | | Acquisition of investments in real estate | ($1,316,905) | ($188,134) | | **Net cash provided by financing activities** | **$1,055,459** | **$282,599** | | Issuance of common stock, net | $1,092,158 | $374,359 | | **Increase (decrease) in cash** | **($117,319)** | **$207,149** | | **Cash, cash equivalents and restricted cash, end of period** | **$60,204** | **$286,006** | [Notes to the Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) This section details the company's accounting policies and provides further information on financial statement figures, covering organization, real estate investments, debt, derivatives, equity, and EPS calculations - The company is a REIT focused on owning and operating industrial properties in Southern California infill markets, with a consolidated portfolio of **278 properties** and approximately **34.9 million rentable square feet** as of September 30, 2021[33](index=33&type=chunk) - Property acquisitions are generally accounted for as asset acquisitions, with costs allocated to individual assets and liabilities based on relative fair value, including land, buildings, lease intangibles, and assumed debt[43](index=43&type=chunk)[44](index=44&type=chunk) - The company granted COVID-19 rent relief in 2020, primarily through deferrals, with approximately **98.0%** of the **$4.2 million** in deferred payments due by September 30, 2021, having been collected[72](index=72&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=42&type=section&id=Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial condition and operating results, highlighting 2021 activities, future influencing factors, comparative operating results for total and same properties portfolios, non-GAAP reconciliations, and liquidity [Company Overview and 2021 Highlights](index=43&type=section&id=Company%20Overview%20and%202021%20Highlights) Rexford Industrial, a REIT with **278 properties** in Southern California, actively engaged in **$1.3 billion** in acquisitions, **$47.6 million** in dispositions, and significant equity and debt financing activities in 2021 - As of September 30, 2021, the company's portfolio comprised **278 properties** with approximately **34.9 million rentable square feet**, primarily in Southern California infill markets[198](index=198&type=chunk) - In the first nine months of 2021, the company acquired **34 properties** for an aggregate purchase price of **$1.3 billion**[202](index=202&type=chunk) - Significant 2021 financing activities included redeeming Series A Preferred Stock, increasing the revolving credit facility to **$700 million**, and issuing **$400 million** of 2.150% Senior Notes due 2031[205](index=205&type=chunk) [Factors That May Influence Future Results of Operations](index=45&type=section&id=Factors%20That%20May%20Influence%20Future%20Results%20of%20Operations) Future results will be influenced by strong Southern California industrial market fundamentals, robust tenant demand, the company's value-add repositioning strategy, and the ongoing impact of the COVID-19 pandemic - The Southern California industrial real estate sector shows strong fundamentals with approximately **98% occupancy** and limited new supply, creating superior long-term supply/demand dynamics[211](index=211&type=chunk) - As of September 30, 2021, the company has **nine properties** under repositioning or redevelopment and a pipeline of **12 additional projects**, driving long-term future growth[225](index=225&type=chunk) Leasing Spreads for Nine Months Ended Sep 30, 2021 | Lease Type | GAAP Leasing Spreads | Cash Leasing Spreads | | :--- | :--- | :--- | | New Leases | 41.3% | 26.7% | | Renewal Leases | 46.8% | 32.7% | [Results of Operations](index=54&type=section&id=Results%20of%20Operations) Q3 2021 Total Portfolio rental income grew **37.8%** to **$115.3 million**, and Same Properties Portfolio rental income increased **7.7%**, driven by acquisitions, higher rates, and increased occupancy Comparison of Results for Q3 2021 vs Q3 2020 (Amounts in thousands USD) | Portfolio | Metric | Q3 2021 | Q3 2020 | % Change | | :--- | :--- | :--- | :--- | :--- | | **Same Properties** | Rental Income | $80,278 | $74,543 | 7.7% | | | Net Income | $37,806 | $31,610 | 19.6% | | **Total Portfolio** | Rental Income | $115,260 | $83,622 | 37.8% | | | Net Income | $40,186 | $31,197 | 28.8% | Comparison of Results for Nine Months Ended Sep 30, 2021 vs 2020 (Amounts in thousands USD) | Portfolio | Metric | YTD 2021 | YTD 2020 | % Change | | :--- | :--- | :--- | :--- | :--- | | **Same Properties** | Rental Income | $236,442 | $219,630 | 7.7% | | | Net Income | $109,961 | $91,662 | 20.0% | | **Total Portfolio** | Rental Income | $319,140 | $240,882 | 32.5% | | | Net Income | $96,866 | $62,740 | 54.4% | [Non-GAAP Supplemental Measures](index=63&type=section&id=Non-GAAP%20Supplemental%20Measures) The company reports non-GAAP measures, with Q3 2021 FFO attributable to common stockholders at **$55.3 million** and nine-month FFO at **$155.7 million**, alongside NOI and Cash NOI figures FFO Reconciliation (Amounts in thousands USD) | Metric | Q3 2021 | Q3 2020 | Nine Months 2021 | Nine Months 2020 | | :--- | :--- | :--- | :--- | :--- | | Net income | $40,186 | $31,197 | $96,866 | $62,740 | | **FFO** | **$65,160** | **$46,339** | **$179,602** | **$133,786** | | **FFO attributable to common stockholders** | **$55,335** | **$40,489** | **$155,681** | **$116,821** | NOI and Cash NOI Reconciliation (Amounts in thousands USD) | Metric | Q3 2021 | Q3 2020 | Nine Months 2021 | Nine Months 2020 | | :--- | :--- | :--- | :--- | :--- | | Net income | $40,186 | $31,197 | $96,866 | $62,740 | | **Net Operating Income (NOI)** | **$87,759** | **$62,938** | **$243,509** | **$183,200** | | **Cash Net Operating Income** | **$78,703** | **$57,099** | **$219,316** | **$164,406** | [Liquidity and Capital Resources](index=65&type=section&id=Liquidity%20and%20Capital%20Resources) As of September 30, 2021, the company had **$60.2 million** in cash and **$700.0 million** available on its credit facility, actively managing liquidity through equity offerings, debt issuances, and maintaining **$1.4 billion** in consolidated debt - As of September 30, 2021, liquidity sources included **$60.2 million** in cash and cash equivalents and **$700.0 million** available under the unsecured revolving credit facility[305](index=305&type=chunk) - During the nine months ended September 30, 2021, the company raised **$415.5 million** in net proceeds from its **$750 million** ATM Program through direct sales and forward equity sale agreements[308](index=308&type=chunk)[310](index=310&type=chunk) Consolidated Indebtedness as of September 30, 2021 | Metric | Value | | :--- | :--- | | Total Consolidated Debt (USD) | $1.4 billion | | Weighted Average Interest Rate | 2.83% | | Average Term-to-Maturity | 7.8 years | | Fixed-Rate Debt Percentage | 96% | | Unsecured Debt Percentage | 91% | [Quantitative and Qualitative Disclosures About Market Risk](index=76&type=section&id=Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate risk from variable-rate debt, though **96%** of its **$1.40 billion** consolidated debt is fixed-rate, with a 50 basis point LIBOR increase impacting annual interest expense by **$0.3 million** - As of September 30, 2021, **96%** of the company's **$1.40 billion** total consolidated indebtedness had an effectively fixed interest rate, minimizing exposure to fluctuations[359](index=359&type=chunk) - A hypothetical **50 basis point** increase in LIBOR would increase annual interest expense on the company's variable-rate debt by approximately **$0.3 million**[359](index=359&type=chunk) [Item 4. Controls and Procedures](index=77&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of September 30, 2021, with no material changes to internal control over financial reporting identified during the quarter - The Co-Chief Executive Officers and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective at a reasonable assurance level as of September 30, 2021[365](index=365&type=chunk) - No material changes to the company's internal control over financial reporting occurred during the quarter[366](index=366&type=chunk) PART II OTHER INFORMATION [Item 1. Legal Proceedings](index=78&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any legal proceedings expected to have a material adverse effect on its business, financial condition, or results of operations - The company is not currently involved in any legal proceedings reasonably expected to have a material adverse effect on its business[368](index=368&type=chunk) [Item 1A. Risk Factors](index=78&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2020 - No material changes have been made to the risk factors as set forth in the company's 2020 Annual Report on Form 10-K[369](index=369&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=78&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered equity sales but repurchased **609 shares** of common stock at an average of **$62.35** per share in Q3 2021 to satisfy employee tax withholding obligations Issuer Purchases of Equity Securities (Q3 2021) | Period | Total Shares Purchased | Average Price Paid per Share (USD) | | :--- | :--- | :--- | | July 2021 | 30 | $60.53 | | August 2021 | 176 | $61.15 | | September 2021 | 403 | $63.01 | | **Total** | **609** | **$62.35** | - The repurchased shares were tendered by employees to satisfy tax withholding obligations upon the vesting of restricted stock[372](index=372&type=chunk) [Item 3. Defaults Upon Senior Securities](index=78&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities during the period - There were no defaults upon senior securities[373](index=373&type=chunk) [Item 4. Mine Safety Disclosures](index=78&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable as the company has no mine safety disclosures to report - No mine safety disclosures were reported[373](index=373&type=chunk) [Item 5. Other Information](index=78&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this item - There was no other information to disclose[374](index=374&type=chunk) [Item 6. Exhibits](index=79&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with Form 10-Q, including corporate governance documents, debt agreements, forward transaction confirmations, and Sarbanes-Oxley Act certifications - Exhibits filed include certifications from the Principal Executive Officers and Principal Financial Officer pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002[375](index=375&type=chunk) - The filing includes confirmations of registered forward transactions with Bank of America, N.A. and JPMorgan Chase Bank, National Association, dated September 22, 2021[375](index=375&type=chunk)