Rexford Industrial Realty : Second Quarter 2022 Supplemental Financial Reporting Package

Table of Contents.
Section	Page
Corporate Data:
Investor Company Summary............................................................................................................................................................................................................................	3
Company Overview............................................................................................................................................................................................................................................	4
Highlights - Consolidated Financial Results...................................................................................................................................................................................................	5
Financial and Portfolio Highlights and Capitalization Data.........................................................................................................................................................................	6
Guidance..............................................................................................................................................................................................................................................................	7
Consolidated Financial Results:
Consolidated Balance Sheets..........................................................................................................................................................................................................................	9
Consolidated Statements of Operations.........................................................................................................................................................................................................	10
Non-GAAPFFO, Core FFO and AFFO Reconciliations..............................................................................................................................................................................	12
Statement of Operations Reconciliations.......................................................................................................................................................................................................	15
Same Property Portfolio Performance............................................................................................................................................................................................................	16
Capitalization Summary....................................................................................................................................................................................................................................	17
Debt Summary....................................................................................................................................................................................................................................................	18
Portfolio Data:
Operations...........................................................................................................................................................................................................................................................	20
Portfolio Overview..............................................................................................................................................................................................................................................	21
Occupancy and Leasing Trends......................................................................................................................................................................................................................	22
Leasing Statistics................................................................................................................................................................................................................................................	23
Top Tenants and Lease Segmentation............................................................................................................................................................................................................	25
Capital Expenditure Summary.........................................................................................................................................................................................................................	26
Properties and Space Under Repositioning/Redevelopment......................................................................................................................................................................	27
Acquisitions and Dispositions Summary.........................................................................................................................................................................................................	30
Net Asset Value Components...........................................................................................................................................................................................................................	32
Notes and Definitions.........................................................................................................................................................................................................................................	33
Disclosures:

Forward-Looking Statements: This supplemental package 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, 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 Real Estate Investment Trust under the Internal Revenue Code of 1986, as amended; possible adverse changes in tax and environmental laws; an epidemic or pandemic (such as the outbreak and worldwide spread of novel coronavirus (COVID-19), and the measures that international, federal, state and local governments, agencies, law enforcement and/or health authorities may implement to address it, which may (as with COVID-19) precipitate or exacerbate one or more of the above-mentioned factors and/or other risks, and significantly disrupt or prevent us from operating our business in the ordinary course for an extended period; litigation, including costs associated with prosecuting or defending pending or threatened claims and any adverse outcomes, and potential liability for uninsured losses and environmental contamination.

For a further discussion of these and other factors that could cause our future results to differ materially from any forward-looking statements, see Item 1A. Risk Factors in our 2021 Annual Report on Form 10-K, which was filed with the Securities and Exchange Commission ("SEC") on February 17, 2022. We disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.

Second Quarter 2022	Page 2
Supplemental Financial Reporting Package

Investor Company Summary.

	Executive Management Team
Howard Schwimmer		Co-Chief Executive Officer, Director
Michael S. Frankel		Co-Chief Executive Officer, Director
Laura Clark		Chief Financial Officer
David Lanzer		General Counsel and Corporate Secretary
	Board of Directors
Richard Ziman		Chairman
Howard Schwimmer		Co-Chief Executive Officer, Director
Michael S. Frankel		Co-Chief Executive Officer, Director
Robert L. Antin		Director
Diana J. Ingram		Director
Angela L. Kleiman		Director
Debra L. Morris		Director
Tyler H. Rose		Lead Independent Director
	Investor Relations Information
	ICR
	Stephen Swett
	www.icrinc.com
	[phone]
	Equity Research Coverage
Bank of America Merrill Lynch	James Feldman	(646)	855-5808
Baird	David Rodgers	(216)	737-7341
Berenberg Capital Markets	Connor Siversky	(646)	949-9037
Capital One	Chris Lucas	(571)	633-8151
Citigroup Investment Research	Craig Mailman	(212)	816-4471
Green Street	Vince Tibone	(949)	640-8780
J.P. Morgan	Michael W. Mueller, CFA	(212)	622-6689
Jefferies LLC	Jonathan Petersen	(212)	284-1705
Wells Fargo Securities	Blaine Heck	(443)	263-6529
Wolfe Research	Andrew Rosivach	(646)	582-9250

Disclaimer: This list may not be complete and is subject to change as firms add or delete coverage of our company. Please note that any opinions, estimates, forecasts or predictions regarding our historical or predicted performance made by these analysts are theirs alone and do not represent opinions, estimates, forecasts or predictions of Rexford Industrial Realty, Inc. or its management. We are providing this listing as a service to our stockholders and do not by listing these firms imply our endorsement of, or concurrence with, such information, conclusions or recommendations. Interested persons may obtain copies of analysts' reports on their own; we do not distribute these reports.

Second Quarter 2022	Page 3
Supplemental Financial Reporting Package

Company Overview.

For the Quarter Ended June 30, 2022

Second Quarter 2022	Page 4
Supplemental Financial Reporting Package

Highlights - Consolidated Financial Results.

Quarterly Results

(in millions)

	Net Operating Income (NOI)
	(43% Year-over-Year Growth)
$120			$107.2	$113.6
		$100.5
$100
$87.8
$79.7
$80
$60
$40
$20
$0
Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022

		Adjusted EBITDA
		(43% Year-over-Year Growth)
$120					$108.3
				$101.5
$100			$95.8
	$89.0
$80	$75.7
$60
$40
$20
$0	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022

		Company Share of Core FFO
		(55% Year-over-Year Growth)
$100
$80				$76.6	$81.7
		$69.6
$60	$52.8	$59.6
$40
$20
$0	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022

	Adjusted Funds From Operations (AFFO)
		(54% Year-over-Year Growth)
$80
$70			$59.1	$67.1	$66.8
$60
	$51.0
$50
$43.4
$40
$30
$20
$10
$0	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022

Second Quarter 2022	Page 5
Supplemental Financial Reporting Package