Recent Updates — REXR-PB

Rexford Industrial Realty entered into a definitive Agreement of Purchase and Sale to sell a portfolio of 22 industrial properties to an affiliate of EQT Real Estate for approximately $1.2 billion in cash. The transaction is expected to close by September 30, 2026, subject to customary closing conditions including tenant estoppels and no governmental prohibitions. This sale advances the company's portfolio realignment initiative, bringing year-to-date dispositions to $1.5 billion and positioning the firm within its full-year guidance range of $1.5 to $2.0 billion. Net proceeds will support debt repayment, share repurchases under a $1.0 billion program, and internal development projects. Rexford Industrial Realty operates as a real estate investment trust focused on investing in and operating industrial properties throughout infill Southern California.

Rexford Industrial Realty reported second quarter 2026 financial results, including a net loss attributable to common stockholders of $506.9 million, or $2.26 per diluted share, primarily due to $624.8 million in non-cash impairments. Company share of Core FFO per diluted share rose 6.8% year-over-year to $0.63. The company increased its full-year 2026 disposition guidance to $1.5-$2.0 billion as part of a portfolio realignment and authorized a new $1.0 billion stock repurchase program following $100 million in repurchases during the quarter. The Board also authorized a third quarter 2026 dividend of $0.435 per share. Rexford Industrial is a real estate investment trust that invests in and operates industrial properties in Southern California.