Rexford Industrial Realty : Investor Presentation July 2022

Rexford

Industrial

Realty

NYSE: REXR

www.rexfordindustrial.com

Investor Presentation

July 2022

2

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, 2021, 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%	40.8M SF	$12.5B+
Infill Southern California	Owned1	Entity Value2

		FOCUSED ON VALUE CREATION	15%					2022 Q2
		31%					PERFORMANCE
3
							99.1%
	INDUSTRIAL	5-Year NOI CAGR	5-Year Core FFO Per Share CAGR
	REXFORD
	INVESTOR							SP Average Occupancy
	PRESENTATION	(2018-2022)3	(2018-2022)3
					42.5%
		WELL-POSITIONED FOR GROWTH				Consolidated NOI Growth (GAAP)
					10.1%
		3.8x	~$1.5B
					SP NOI Growth (Cash)
		Net debt / Adj. EBITDA	Liquidity4				54.7%
		(as of 6/30/2022)	(as of 6/30/2022)
								Core FFO Growth

1. As of 7/20/2022
2. Based on share price as of 7/19/2022, and 178,087,557 total shares outstanding at 6/30/2022
3. 2022 based on actual results as of 6/30/2022
4. Consists of $34m in cash, $875m available under the unsecured revolving credit facility and $552m of equity available under a forward basis

Sector Leading Performance Driven

By Accretive Internal & External Growth

4

REXFORD

INDUSTRIAL

INVESTOR PRESENTATION

145%

Rexford Total Shareholder Return

(2017-Current)1

Rexford Dividend Per Share Growth

					1.26
2017	2018	2019	2020	2021	2022

FFO Growth2	15%	Share Price Performance2	18%
CAGR
Values Indexed to 7/1/2017	Values Indexed to 7/1/2017	CAGR

13%

9%CAGR CAGR

2018	2019	2020	2021	2022	2018	2019	2020	2021	2022
		REXR FFO / Share			Peer FFO / Share					REXR Share Price			Peer Share Price

1. Based on share price as of 7/1/2017 through share price as of 7/19/2022.
2. Rexford data as of 6/30/2022, peer group reflects share price as of 7/19/2022 and published results as of 3/31/2022. Peer group includes PLD, DRE, EGP, FR, STAG, and TRNO.

Sector Leading Performance Driven

By Accretive Internal & External Growth

Rexford's Infill Southern California Platform	Strong Track Record
Delivers Outsized Results Compared to Peers	of Rexford Outperformance

	Consolidated
5	NOI CAGR1

43%	1YEAR	34%	3YEAR	31%	5YEAR
REXR TRNO STAG EGP DRE FR PLD	REXR PLD TRNO STAG EGP DRE	FR	REXR PLD STAG TRNO EGP DRE	FR

REXFORD

INDUSTRIAL

INVESTOR

PRESENTATION

	29%	1YEAR	20%	3YEAR	15%	5YEAR
FFO/Share
CAGR2	REXR TRNO EGP DRE FR STAG PLD	REXR TRNO PLD EGP DRE FR STAG	REXR TRNO DRE EGP PLD FR STAG

Dividend/ Share CAGR3

31%	1YEAR	21%	3YEAR	18%	5YEAR
REXR PLD EGP TRNO DRE FR STAG	REXR EGP PLD TRNO FR DRE STAG	REXR PLD EGP TRNO DRE FR STAG

1. 1-year,3-year, and 5-year CAGRs calculated using consolidated NOI through 6/30/2022 for REXR and published results for peers as of 3/31/2022.
2. 1-year,3-year, and 5-year CAGRs calculated using FFO/Share through 6/30/2022 for REXR and published results for peers as of 3/31/2022. Core FFO attributable to common shareholders (per share) was used for REXR, DRE, STAG and PLD. NAREIT definition of FFO (per share) was used for EGP, FR, and TRNO.
3. 1-year,3-year, and 5-year CAGRs calculated using Dividend/Share for FY 2018-2021 and most recent quarterly dividend multiplied by four for 2022.