Rexford Industrial Realty — Feb 4, 2026 release

2026 Outlook Low High Earnings Net Income Attributable to Common Stockholders per diluted share (1) $1.15 $1.20 Company share of Core FFO per diluted share (1) $2.35 $2.40 Same Property Portfolio (2) Same Property Portfolio NOI Growth - Net Effective (2.5)% (1.5)% Same Property Portfolio NOI Growth - Cash (2.0)% (1.0)% Average Same Property Portfolio Occupancy (Full Year) 94.8% 95.3% Capital Allocation Dispositions $400M $500M Repositioning/Development Annualized Stabilized Cash NOI (3) $19M $21M Repositioning/Development Starts (SF) 1.1M 1.1M Repositioning/Development Starts (Total Estimated Project Costs) $130M $140M Other Assumptions General and Administrative Expenses +/-$60M Interest Expense +/- $112M (1) 2026 Net Income and Core FFO Guidance refers to the Company's in-place portfolio as of February 4, 2026, as well as guidance expectations related to investment activity. (2) 2026 Same Property Portfolio is a subset of our consolidated portfolio and includes properties that were wholly owned by us for the period from January 1, 2025 through February 4, 2026, and excludes properties that were or will be classified as repositioning/development (current and future) or lease-up during 2025 and 2026 (unless otherwise noted). As of January 1, 2026, our 2026 Same Property Portfolio consisted of 342 properties aggregating 42.0 million rentable square feet. For the full year 2025, Average Same Property Portfolio occupancy was 95.6% for the 2026 Same Property Portfolio. (3) Represents estimated annualized Cash NOI for repositioning/development projects expected to stabilize in 2026. A number of factors could impact the Company’s ability to deliver results in line with its guidance, including, but not limited to, the potential impacts related to interest rates, inflation, the economy, tariffs, t