Rexford Industrial Realty — Apr 21, 2026 release

Subsequent to quarter end, the Company disposed of one property previously in the near-term development pipeline: • 423-424 Berry Way, Brea, in the Orange County–North submarket for $16.5 million, or $56 per land square foot. The 6.8-acre site was sold vacant to a merchant builder. Through this disposition, the Company expects to preserve approximately $31 million of capital spend that was associated with the development. The Company has approximately $170 million in dispositions under contract or accepted offer, including three properties that were in the near-term development pipeline . These transactions are subject to customary due diligence and closing conditions; as such, there is no guarantee the Company will close on these transactions. Balance Sheet The Company ended the first quarter of 2026 with $1.3 billion of total liquidity, including $51.7 million in unrestricted cash on hand and $1.245 billion available under its unsecured revolving credit facility. During the first quarter of 2026, the Company repurchased 5,534,357 shares of its common stock for $200 million, at a weighted average price of $36.14 per share. Subsequent to quarter end, the Company’s Board of Directors authorized a new $500 million stock repurchase program, which superseded and replaced the prior program and is authorized through April 2028. The Company has full availability under the current program. As of March 31, 2026, the Company had $3.3 billion of outstanding debt, with a weighted average interest rate of 3.7%, and no floating rate debt exposure. The weighted average term-to-maturity of the Company’s outstanding debt is 3.0 years with no material debt m