Rexford Industrial Announces Recent Business Activity and Participation in Upcoming Conference

Core Viewpoint - Rexford Industrial Realty, Inc. is actively managing its capital allocation strategy to enhance shareholder value through property dispositions and share repurchases, while preparing for an upcoming presentation at the Citi 2026 Global Property CEO Conference [1]. Disposition Activity - Year to date through February 25, 2026, the company sold two properties for a total of $41.2 million, including: - 18250 Euclid Street, Fountain Valley, sold for $26.7 million ($425 per square foot), fully occupied at the time of sale [1]. - 14005 Live Oak Avenue, Irwindale, sold for $14.5 million ($65 per land square foot), previously in the development pipeline, preserving approximately $20 million in future capital expenditures [1]. - The company has approximately $185 million in dispositions under contract or accepted offer, including five properties in the near-term development pipeline, subject to customary due diligence and closing conditions [1]. Share Repurchase Activity - In February, the company repurchased 2,670,227 shares of its common stock for $100 million at a weighted average price of $37.45 per share under a $500 million share repurchase program authorized by the Board of Directors, with $400 million remaining available [1]. Upcoming Conference - The company will present at the Citi 2026 Global Property CEO Conference on March 2, 2026, at 2:10 p.m. ET, with a live webcast available for investors [1]. Company Overview - Rexford Industrial focuses on investing in, operating, and repositioning industrial properties in infill Southern California, a high-demand market with low supply. As of December 31, 2025, the company’s portfolio included 419 properties with approximately 51.2 million rentable square feet [1].