Rexford Industrial Realty — Feb 5, 2025 release

• Ended the year with a low-leverage balance sheet measured by a net debt-to-enterprise value ratio of 26.5% and net debt to Adjusted EBITDA re of 4.6x. • Subsequent to year end, declared a quarterly common stock dividend of $0.43 per share, an increase of 3.0%. • Subsequent to year end, authorized a $300 million share repurchase program. “Rexford Industrial delivered solid fourth quarter and full year operating results, underscoring the strength and resilience of our differentiated business model,” stated Michael Frankel and Howard Schwimmer, Co-Chief Executive Officers of the Company. “Looking ahead, we remain focused on unlocking our substantial embedded NOI growth opportunities to support sustainable earnings growth over the near and long term.” Financial Results The Company reported net income attributable to common stockholders for the fourth quarter of $59.4 million, or $0.27 per diluted share, compared to $61.7 million, or $0.29 per diluted share, for the prior year quarter. For the year ended December 31, 2024, net income attributable to common stockholders was $262.9 million, or $1.20 per diluted share, compared to $227.4 million, or $1.12 per diluted share, for the prior year period. Net income for the year ended December 31, 2024 includes $18.0 million of gains on sale of real estate, as compared to $19.0 million for the prior year period. The Company reported its share of Core FFO for the fourth quarter of $128.6 million, representing an 8.2% increase compared to $118.8 millio