Positions Rexford to Deliver on Full-Year Disposition Guidance of $1.5 to $2.0 Billion (Form 8-K)

Positions Rexford to Deliver on Full-Year Disposition Guidance of $1.5 to $2.0 Billion

Los Angeles - August 18, 2026 - Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties throughout infill Southern California, today announced that it has entered into a definitive agreement to sell an industrial portfolio to an affiliate of EQT Real Estate for approximately $1.2 billion. The transaction is expected to close by the end of the third quarter of 2026, subject to customary closing conditions. The 2027 cash NOI yield is estimated to be 5.5% and reflects the anticipated roll-down of above-market in-place rents and expected moveouts.

The portfolio transaction is part of Rexford Industrial's previously announced portfolio realignment, a $2.0 billion disposition initiative of non-core assets that enhances the Company's portfolio quality, cash flow durability and balance sheet strength. The planned non-core dispositions generally consist of properties that do not align with the Company's go-forward strategy, including assets with limited long-term value creation potential, elevated competitive supply, shorter remaining lease durations and above-market in-place rents.

"This transaction is a significant step in our portfolio realignment and underscores our disciplined approach to capital allocation," said Laura Clark, Chief Executive Officer. "By strategically recycling capital from select non-core assets, we are concentrating our portfolio around the properties we believe offer the strongest long-term cash flow growth and value creation opportunity. The result is a stronger, more focused Rexford with enhanced financial flexibility, better positioned to deliver long-term shareholder value."

Rexford Industrial intends to use net proceeds from the portfolio transaction to support its capital allocation priorities, including the repayment of debt maturing in 2027,

opportunistic repurchases of common stock under the Company's previously announced $1.0 billion share repurchase program and continued investment in the Company's internal repositioning and development projects that offer superior risk-adjusted returns.

Including the agreed upon portfolio transaction, Rexford Industrial has closed or is under contract on approximately $1.5 billion of dispositions year to date, positioning the Company within its full-year disposition guidance range of $1.5 to $2.0 billion. The Company remains in active negotiations on additional disposition opportunities and will provide further updates as transactions close. In conjunction with this portfolio transaction announcement, the Company reaffirms its 2026 guidance provided in the second quarter 2026 earnings release dated July 23, 2026.

Additional information regarding the portfolio transaction is available in the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission. Further details regarding the portfolio transaction will be provided upon closing.

About Rexford Industrial

Rexford Industrial creates value by investing in, operating and repositioning industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation over the long term. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. As of June 30, 2026, Rexford Industrial's high-quality, irreplaceable portfolio comprised 409 properties with approximately 49.9 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member. For more information, please visit rexfordindustrial.com.