Rexford Industrial Realty : Investor Presentation February 2022

Rexford

Industrial

Realty

NYSE: REXR

www.rexfordindustrial.com

Investor Presentation

February 2022

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REXFORD

INDUSTRIAL

INVESTOR PRESENTATION

Forward Looking Statements

This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution investors that any forward-looking statements presented herein are based on management's beliefs and assumptions and information currently available to management. Such statements are subject to risks, uncertainties and assumptions and may be affected by known and unknown risks, trends, uncertainties and factors that are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. These risks and uncertainties include, without limitation: general risks affecting the real estate industry (including, without limitation, the market value of our properties, the inability to enter into or renew leases at favorable rates, portfolio occupancy varying from our expectations, dependence on tenants' financial condition, and competition from other developers, owners and operators of real estate); risks associated with the disruption of credit markets or a global economic slowdown; risks associated with the potential loss of key personnel (most importantly, members of senior management); risks associated with our failure to maintain our status as a REIT under the Internal Revenue Code

of 1986, as amended; possible adverse changes in tax and environmental laws; and potential liability for uninsured losses and environmental contamination. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. The risks described above are not exhaustive, and additional factors could adversely affect our business and financial performance, including those discussed in our annual report on Form 10-K, for the year ended December 31, 2020, and subsequent filings with the Securities and Exchange Commission. We expressly disclaim any responsibility to update forward-looking statements, whether as a result of new information, future events or otherwise.

Rexford Overview

2001	REXR	S&P 400
Founded	NYSE	Member
100%	37.2M SF	$14.0B
Infill Southern California	Owned4	Entity Value1

		FOCUSED ON VALUE CREATION						2021
		31%	14%
						PERFORMANCE2
3
	REXFORD	5-Year NOI CAGR	5-Year Core FFO Per Share CAGR				99.1%
	INDUSTRIAL
	INVESTOR
	PRESENTATION	(2017-2021)2	(2017-2021)2
								SP Year End Occupancy
							37.8%
		WELL-POSITIONED FOR GROWTH
		3.6x	~$880M				Consolidated NOI Growth (GAAP)
					12.3%
		Net debt / Adj. EBITDA	Liquidity3
		(as of 12/31)	(as of 12/31)				SP NOI Growth (Cash)

1. Based on $74.10 share price on 2/9/2022, and 166,663,680 total shares outstanding at 12/31/2021
2. 2021 based on actual results as of 12/31/2021
3. Consists of $44 million in cash, $700 million available under the unsecured revolving credit facility and $134 million of equity available under a forward basis
4. As of 2/8/2022

Sector Leading Performance Driven

By Accretive Internal & External Growth

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REXFORD

INDUSTRIAL

INVESTOR PRESENTATION

242%

Rexford Total Shareholder Return

(2017-Current)1

Rexford Dividend Per Share2

Per Annual Average Growth

					1.26
2017	2018	2019	2020	2021	2022

FFO Growth3	14%	Share Price Performance3	29%
Values Indexed to 1/1/2017	CAGR	Values Indexed to 1/1/2017	CAGR
	9%
	CAGR		23%
			CAGR

2017	2018	2019	2020	2021	2017	2018	2019	2020	2021
		REXR FFO / Sh			Peer FFO / Sh					REXR Share Price			Peer Share Price

1. Based on $74.10 share price on 2/9/2022
2. On 2/7/2022, the Company's Board of Directors declared a dividend in the amount of $0.315 per share. The dividend is payable in cash on 4/15/2022, to common stockholders and common unit holders of record as of 3/31/2022.
3. Peer group includes PLD, DRE, EGP, FR, STAG and TRNO. FFO growth includes estimates for 2021. Includes estimates for 2021 as of 12/31/2021 based on actual 12/31/2021 results for peers that have reported or consensus estimates. Share price as of 2/4/22.

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REXFORD

INDUSTRIAL

INVESTOR PRESENTATION

The Rexford Investment Opportunity

A Superior, Highly Differentiated Strategy

Singular Focus within infill Southern California, the highest demand, strongest market

High quality, irreplaceable portfolio, exceptionally stable and diverse tenant base

Consistent, favorable cash flow growth driven by superior asset management and proprietary value creation capabilities

Disciplined, low-leverage balance sheet proven through all phases of the capital cycle

Deep ESG purpose maximizes long-term value