Rexford Industrial Announces Recent Business Activity and Participation in Upcoming Conference

Rhea-AI Summary

Rexford Industrial (NYSE: REXR) provided a disposition and capital allocation update ahead of investor meetings and its Citi 2026 Global Property CEO Conference presentation on March 2, 2026. Year‑to‑date through Feb. 25, 2026, Rexford sold two properties for an aggregate $41.2 million and said it has approximately $185 million of dispositions under contract or accepted offer. The company repurchased 2,670,227 shares for $100.0 million under a newly authorized $500 million program, leaving $400 million available. An updated investor presentation and a March 2 webcast are available on the investor relations website.

Positive

• Share repurchase of $100.0 million (2,670,227 shares) completed in February
• YTD dispositions sold of $41.2 million through Feb. 25, 2026
• $185 million of dispositions currently under contract or accepted offer
• Exiting one development site preserves approximately $20 million of future capital spend

Negative

• Reported dispositions are subject to customary due diligence and may not close
• Share repurchase used $100.0 million of cash, reducing near‑term liquidity

LOS ANGELES, Feb. 26, 2026 /PRNewswire/ -- 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 provided a disposition and capital allocation update in advance of upcoming investor meetings and presentation at the Citi 2026 Global Property CEO Conference.

"Our capital allocation execution year to date demonstrates our focus on delivering across our current strategic priorities," said Laura Clark, Chief Operating Officer and incoming Chief Executive Officer. "We are committed to driving shareholder value by actively recycling capital into share repurchases and accretive, value-add projects within our portfolio that offer superior risk-adjusted returns, reflecting our disciplined capital allocation approach."

Disposition Activity

Year to date through February 25, 2026, the Company sold two properties for an aggregate sales price of $41.2 million, including:

• 14005 Live Oak Avenue, Irwindale, in the Los Angeles – San Gabriel Valley submarket for $14.5 million, or $65 per land square foot. The vacant, 5.1-acre land site was sold to an owner/user. The site was previously in the development pipeline, and by exiting this project, the Company will preserve approximately $20 million of future capital spend.
• 18250 Euclid Street, Fountain Valley, in the Orange County – Airport submarket for $26.7 million, or $425 per square foot. The single-tenant industrial building, totaling 62,838 square feet, was 100% occupied at the time of sale and was sold to an owner/user.

The Company has approximately $185 million in dispositions under contract or accepted offer, including five properties that were in the near-term development pipeline. These transactions are subject to customary due diligence and closing conditions; as such, there is no guarantee the Company will close on these transactions.

Share Repurchase Activity

In February, the Company repurchased 2,670,227 shares of its common stock for $100.0 million at a weighted average price of $37.45 per share under the new $500 million share repurchase program previously authorized by the Board of Directors.

The Company has $400 million of availability under the current program.

Citi 2026 Global Property CEO Conference

On March 2, 2026, the Company will present at the Citi 2026 Global Property CEO Conference.  A live webcast of the presentation can be accessed using the registration link below and a replay of the webcast will be available on the Company's investor relations website.

Date: Monday, March 2, 2026 
Time: 2:10 p.m. ET
Webcast: Citi 2026 Global Property CEO Conference

Updated Investor Presentation

An updated investor presentation with additional information is available on the Company's investor relations website at ir.rexfordindustrial.com.

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 December 31, 2025, Rexford Industrial's high-quality, irreplaceable portfolio comprised 419 properties with approximately 51.2 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.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. 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. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. In addition, projections, assumptions and estimates of our future performance and the future performance of the industry in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in our estimates and beliefs and in the estimates prepared by independent parties. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and other filings with the Securities and Exchange Commission. The Company disclaims 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.

Contact
Mikayla Lynch
Director, Investor Relations and Capital Markets
(424) 276-3454
mlynch@rexfordindustrial.com 

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SOURCE Rexford Industrial Realty, Inc.

FAQ

What dispositions did Rexford (REXR) announce through February 25, 2026?

Rexford sold two properties for an aggregate $41.2 million year-to-date. According to the company, sales included a vacant 5.1-acre Irwindale land site for $14.5 million and a Fountain Valley industrial building for $26.7 million.

How much has Rexford (REXR) repurchased under its new buyback program in February 2026?

Rexford repurchased 2,670,227 shares for $100.0 million in February. According to the company, the weighted average repurchase price was $37.45 per share and $400 million remains available under the $500 million program.

What is the size of Rexford's (REXR) dispositions currently under contract or accepted offer?

The company reported approximately $185 million of dispositions under contract or accepted offer. According to the company, these include five properties previously in the near-term development pipeline and remain subject to due diligence and closing conditions.

When will Rexford (REXR) present at the Citi 2026 Global Property CEO Conference?

Rexford will present on March 2, 2026 at 2:10 p.m. ET. According to the company, a live webcast and replay will be available via the investor relations website.

How did selling the Irwindale site affect Rexford's capital plans?

Exiting the Irwindale development preserves about $20 million of future capital spend. According to the company, the vacant 5.1-acre site was removed from the development pipeline to conserve capital.

Where can investors find Rexford's (REXR) updated investor presentation and webcast replay?

The updated investor presentation and webcast replay are available on Rexford's investor relations website. According to the company, materials can be accessed at ir.rexfordindustrial.com following the conference presentation.