November 2020 Investor Presentation – Rexford Industrial ... · REXR 1.2% of Market. 2. Low...

Investor Presentation – Rexford Industrial Realty, Inc.NYSE: REXR

November 2020

Forward Looking Statements

2

This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We caution investors thatany 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 thatare beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results mayvary materially from those anticipated, estimated or projected. These risks and uncertainties include, without limitation: general risks affecting the real estateindustry (including, without limitation, the market value of our properties, the inability to enter into or renew leases at favorable rates, portfolio occupancyvarying 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 (mostimportantly, members of senior management); risks associated with our failure to maintain our status as a REIT under the Internal Revenue Code of 1986, asamended; possible adverse changes in tax and environmental laws; and potential liability for uninsured losses and environmental contamination. In somecases, 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 predictionsof or indicate future events or trends and which do not relate solely to historical matters. The risks described above are not exhaustive, and additional factorscould adversely affect our business and financial performance, including those discussed in our annual report on Form 10-K, for the year ended December 31,2019, 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

3

2001Founded

REXRNYSE

S&P 400Member

$6B+Market Cap

100%Infill Southern California

97.3%Leased(as of 9/30)

28M SFOwned

4.0%YTD SPNOI Growth

(thru 9/30)

~$740mmLiquidity(1)

(as of 9/30)

REXFORD AT A GLANCE

+10% Core FFO Per Share

Annual Growth (2016-2020E)

2020 PERFORMANCE

2.9xNet debt / Adj. EBITDA

(as of 9/30)

BALANCE SHEET STRENGTH

7(1) Consists of $243mm in cash and $500mm available under the unsecured revolving credit facility

4

Superior, Highly Differentiated Strategy

Generic Use, High Demand Space with Diverse Tenant base

Generic industrial space appeals to broadest tenant universe and minimizes re-leasing costs

and time-frames

Approx. 1,400 total tenants, with top 10 tenants representing only 11.5% of total ABR

Infill SoCal tenant base has proven to be superior credit vs. larger tenants in non-infill markets

Infill Focus

Irreplaceable portfolio with substantial barriers to entry

Extreme scarcity of supply coupled with low vacancy, diminishing supply and growing demand

Portfolio functionality offers highest quality in market

Ideally positioned to capture accelerating E-commerce demand

SoCal Market Focus

Nation's largest and highest demand industrial market with strongest fundamentals

Rental rates are 80% higher than the average of the next 5 largest markets

Highest occupancy among the US top industrial markets with vacancy of 2.6%

(1) Line reflects Net Acquisition Volume (Total Acquisitions minus Total Dispositions) by year. Bars reflect Total Portfolio SF at end of each time period.(2) As of 11/13/20. Includes 1.0M SF acquisition referenced in 8-K filing on 10/8/2020.

Robust Internal & External Growth Drives Superior Performance

5

Robust & Accretive Acquisition Activity (1) NOI Growth Exceeds SF Growth

29M SF

(2)

Off/LightlyMarketed (1) 85%71% 65% 67% 80% 48% 73% 79% 70%

(2)

Net Acquisition Volume Annual NOI ($mm)

Accretive Internal & External Growth Drives Superior Shareholder Returns

6

Dividend Per Share Growth Accelerating10% Core FFO Per Share Growth vs 8% Peer Avg (1) (2016-2020)

Total Shareholder Return Outperformance Since IPO (2)

336% Total ReturnREXR

207% Total ReturnPeer Index

53% Total Return MSCI REIT Index

(1) Peer group includes PLD, DRE, EGP, FR, STAG and TRNO. Core FFO per share attributable to common shareholders was used for REXR, DRE, STAG and PLD. NAREIT definition of FFO per share was used for EGP, FR, and TRNO.

(2) Source: S&P daily share prices for the period 7/19/13 to 11/13/20 for peer group referenced in Footnote 1 and MSCI REIT index, an index of all publicly-traded REITs.

REXR 10%

Peers 8%

The Rexford Opportunity

7

1 Proprietary access to leading industrial marketwith significant barriers to entry

2 High-quality, irreplaceable portfolio withpure-play advantage

3 Strong, stable cash flow driven by incurable supply/demand imbalance & diversified tenant base

4 Best-in-class balance sheet supports substantial growth opportunities

5 Led by an experienced management team with an entrepreneurial, vertically-integrated platform

SoCal Infill Logistics Market Leads in Size & Value

8

Nation’s largest base of regional consumption, manufacturing, distribution

Squa

re F

eet (

bn)

■ SoCal ports are largest in U.S., linking the U.S. to Pacific Rim with 40% of all U.S. containerized imports, and 40%-50% of imports distributed locally(1)

■ Infill tenant base tends to serve regional consumption; generally less impacted by shifts in global trade

(1) Source: JLL. (2) Source: CBRE. Southern California data includes Inland Empire East.(3) Source: DAUM Real Estate Services as of 3Q20 citing CoStar Property Database. Southern California data includes Inland Empire East.

SoCal is Fourth Largest Global Industrial Market(2)

Size and Value of Top US Industrial Markets

USA

Chi

na

Japa

n

So. C

A

Ger

man

y

UK

Can

ada

Fran

ce

Ital

y

Value of SoCal market is as large as the next 4-5

largest U.S. markets combined after

accounting for relative cap rates

12.8

7.5

5.1

2.2 2.0 1.7 1.5 1.5 0.8

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

1

4- TrackRecord

Rexford Industrial

Total Portfolio SFStabilized Same Property Occupancy GrowthGAAP Releasing Spread

3Q 13 @ IPO5.5mmSupp, page 13NewRenewalSupp, page 21

4Q 1615.0mmSame Store98.0%3Q 1733.6%21.2%

Current18.5mm17913353Stabilized Same Store98.1%4Q 1740.1%23.9%

Growth3.3Variance6.50%2.70%

Variance12.93Variance0.10%

Current Properties137

x Growth3.3233.3%

Off Market / Lightly Marketed TransactionsGAAP NOIFFO Per Share Growth

Pre-IPO53%3Q 13 @ IPO$8.0Supp, page 103Q 13 @ IPO$ 0.16Supp, page 8

4Q 16$25.34Q 16$ 0.23

Post-IPO69%4Q 17$33.64Q 17$ 0.26

Growth16%Growth321%Growth60%

x Growth4.2x Growth1.6

Stockholder returnsDividend Per Share GrowthFFO/Sh and Dividend/Sh Growth

Since 7/19/13 IPO72.0%3Q 13 @ IPO$ 0.12Supp, page 83Q 13 @ IPO1Q 17Supp, page 21

3Q 16$ 0.135FFO/Share $ 0.16$ 0.23

201752.0%2Q 17$ 0.15Dividend/Share$ 0.12$0.145

Growth21%Variance20.83%43.75%

x Growth1.2

25-Aug5.35839599

&"Times New Roman,Regular"&8&F, &A&D, &T


3Q 13 @ IPO4Q 164Q 170.162825058716853880.230.26

3Q 13 @ IPO4Q 16Current5.544141050000000315.0218.475999999999999

Pre-IPOPost-IPO0.530.69

New

3Q 174Q 170.336000000000000020.40100000000000002Renewal

3Q 174Q 170.211999999999999990.23899999999999999

3Q 13 @ IPO4Q 164Q 177.9825.3133.615000000000002

Same StoreStabilized Same Store0.980.98099999999999998

136.6%

28.5%

28.5%

Since 7/19/13 IPO20170.720.52

3Q 13 @ IPO

Dividend/Share0.121Q 17

Dividend/Share0.14499999999999999

$0.12

$0.145

3Q 13 @ IPO4Q 164Q 170.162825058716853880.230.26

146Properties

59Properties

4- TrackRecord vs Q316

Rexford Industrial

Total Portfolio SFStabilized Same Property Occupancy GrowthGAAP Releasing Spread

3Q 1614.6mmSupp, page 13NewRenewalSupp, page 21

1Q 1692.4%Cash30.1%15.5%

Current18.0mm17.913353GAAP 40.1%23.9%

Growth23.7%22.8%1Q 1796.0%Variance10.00%8.40%

Variance3.46Variance3.60%

Current Properties133

x Growth1.2

Off Market / Lightly Marketed TransactionsGAAP NOIAverage Rents

Pre-IPO53%3Q 16$24.0Supp, page 10REXR$ 8.88Supp, page 8

Post-IPO69%3Q 17$32.0U.S. Average$ 6.46

Growth16%Growth33.5%Growth(27.3%)

x Growth1.3x Growth0.7

Stockholder returnsDividend Per Share GrowthOccupancy

2017 YTD52.0%3Q 13 @ IPO$ 0.120Supp, page 8Same StoreStabilized Same StoreSupp, page 21

201658.0%1Q 17$ 0.1454Q 1696.2%96.9%

Since 7/19/13 IPO72.0%1Q 18$ 0.1604Q 1798.0%98.1%

Growth33.3%Variance0.10%0.73%

x Growth1.3

25-Aug5.35839599

Occupancy

REXRMSCI US REIT IndexSupp, page 21

201728.5%5.1%

Since 2013 IPO121.3%24.3%

Variance(79.97%)(82.11%)


REXRU.S. Average8.88000000000000086.46

REXR

2017Since 2013 IPO0.284999999999999981.2130000000000001MSCI US REIT Index

2017Since 2013 IPO5.0999999999999997E-20.24299999999999999

18.0mm

3Q 16Current14.58799999999999918.044

Pre-IPOPost-IPO0.530.69

New

CashGAAP 0.300999999999999990.40100000000000002Renewal

CashGAAP 0.1550.23899999999999999

3Q 163Q 1723.96600000000000132

1Q 161Q 170.924000000000000040.96

32.7%

45.4%

144.3%

2017 YTD2016Since 7/19/13 IPO0.520.579999999999999960.72

Same Store

4Q 164Q 170.961999999999999970.98Stabilized Same Store

4Q 164Q 170.968999999999999970.98099999999999998

$0.12

$0.16

3Q 13 @ IPO1Q 171Q 180.120.144999999999999990.16

59Properties

5 - GrowthSinceIPO

12/31/1526,1647,118

3/31/1627,5047,543

6/30/1630,6087,959

blueorange

StartingSq. Ft.Cumulative

PeriodSq. Ft.AcquiredSq. Ft.PeriodTotal RevenueCompany Rec FFOTotal Rental RevenueCompany Rec FFOFFO Margin9/30/159/30/16

At IPO5.55.5At IPO11,7144,49638.38%Operating Expenses6.29.0

20135.50.966.512/31/1312,6384,88038.61%Revenues23.733.3

20146.53.7410.212/31/1419,8588,93244.98%

201510.22.1312.412/31/1526,16411,87045.37%

201612.43.4015.8

201715.84.2020.03/31/1627,50411,96243.49%

2018 (1)20.00.1020.1

Dispositions18.51.1018.012/31/1745,76720,02543.75%

Current18.518.5CumulativeTotal Revenue Growth Since IPOCompany Recurring FFO Growth Since IPOTotal RevenueCompany Rec FFO

Total Acquired14.5Actual291%345%

9/30/16

Operating Expense YoY Growth$ 2.8

Revenue YoY Growth$ 9.6

0.4761904762

Property Acquisitions

All 2* Property Codes are excluded.

Property=rexford AND Date=01/01/2016-08/31/2016 AND Activity=Both AND Output=Consolidated Property

ProjectedAchievedPurchaseSales

ConsolidatedConsolidatedAcquisitionAcquisitionAcquisitionPurchaseSqft AtGoing-InStabilizedStabilizedPriceTransactionDispositionDispositionSalesSqft AtDispositionPrice

Property CodePropertyDateCountOff MarketPriceAcquisitionCap RateYieldYieldper SqftCatalystDateCountPriceDispositionCap Rateper SqftCounty

141000Long Carson00000.000.000.000.005/2/1612,480,10016,5340.00150.00Los Angeles

141030Glendale00000.000.000.000.005/25/1614,250,00013,4970.00314.88Los Angeles

111024Mulberry00000.000.000.000.006/7/16115,000,000153,0800.0097.99Los Angeles

1603758525 Camino Santa Fe3/15/16118,450,00059,3990.000.000.00142.260000.000.00San Diego

16038028454 Livingston Avenue3/29/161116,000,000134,2870.000.000.00119.150000.000.00Los Angeles

16038520 Icon4/15/161122,600,000102,2990.000.000.00220.920000.000.00Orange

16039016425 Gale Avenue4/15/161126,300,000325,8000.000.000.0080.720000.000.00Los Angeles

1603952700_2722 Fairview Street4/15/161117,800,000116,5750.000.000.00152.690000.000.00Orange

16040012131 Western Avenue4/15/161127,000,000207,9530.000.000.00129.840000.000.00Orange

1604059 Holland4/15/161125,150,000180,9810.000.000.00138.960000.000.00Orange

1604102811 Harbor Boulevard4/15/161118,100,000126,7960.000.000.00142.750000.000.00Orange

16041515996 Jurupa Avenue4/15/161121,350,000212,6600.000.000.00100.390000.000.00San Bernardino

16042011127 Catawba Avenue4/15/161114,650,000145,7500.000.000.00100.510000.000.00San Bernardino

16042513550 Stowe Drive4/15/161118,050,000112,0000.000.000.00161.160000.000.00San Diego

16043010750_10826 Lower Azusa Road5/3/16117,660,00079,0500.000.000.0096.900000.000.00Los Angeles

160435525 Park Avenue6/30/16117,550,00063,4030.000.000.00119.080000.000.00Los Angeles

1604403233 Mission Oaks Blvd7/6/161125,700,000455,8010.000.000.0056.380000.000.00Ventura

1604451600 Orangethorpe_1335-1375 Acacia8/24/161040,137,222345,7560.000.000.00116.090000.000.00Orange

14750 Nelson Ave9/6/161015,000,000145,531

Weighted Average Values00000.000.000.00111.110000.00118.67

1614311,497,2222,814,041321,730,100183,111

0.875

20136

201428

201521

201612

201711



Total Revenue Growth Since IPO

211%

2.9070343179101927Company Recurring FFO Growth Since IPO

253%

3.4537520386619036

StartingSq. Ft.At IPO201320142015201620172018 (1)DispositionsCurrent5.54414099999999985.54414099999999986.500161999999999610.23871612.36846900000000115.82018.518.5Sq. Ft.Acquired

3.4mm SF

At IPO201320142015201620172018 (1)DispositionsCurrent0.956021000000000013.73855399999999972.1297533.44.20.11.1000000000000001CumulativeSq. Ft.

5.5mm SF

1.0mm SF

3.7mm SF

2.1mm SF

0.1mm SF

4.2mm SF

1.4mm SF

18.5mm SF

5.54414099999999986.500161999999999610.23871612.36846900000000115.7684690000000012020.1000000000000011818.5

Operating Expenses

[VALUE]m[VALUE]m

9/30/159/30/166.29Revenues[VALUE]m[VALUE]m

9/30/159/30/1623.733.299999999999997

9/30/16Operating Expense YoY GrowthRevenue YoY Growth2.89.6

Off/LightlyMarketed(1)

Revenue Growth

64%

71%

65%

67%

66%

48%

file:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160380%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160385%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160390%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160395%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160400%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=141000%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160405%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160410%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160415%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160420%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160425%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160430%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160435%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160440%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160445%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=141030%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=111024%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=160375%20%20&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Propertyfile:///C:/Users/akhan/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/iData.ASP%3fWCI=begin&Action=D&iType=3&sJump=&p.hMy=rexford&dtFrom=01/01/2016&dtTo=08/31/2016&sActivity=Both&sOutput=Consolidated%20Property

7 - GlobalMarket

Rexford Industrial

[File Title]

Estimates

12,800

7,500

5,100

2,113

2,020

1,700

1,500

1,500

800

USAChinaJapanSo. CAGermanyUKCanadaFranceItaly

Largest Global Industrial Markets

Original Source: http://www.compare50.org/chart/#/category/1/sub_category/32/display/33/chart/51/type/31/states/57,85,96,66

CaliforniaNew YorkTexasIllinoisU.S. Average

1990732474348251121

1991838475381263127

1992890473386269130

1993908479403275134

1994888485413280136

1995960493428288141

1996950501437306143

1997931507464311147

19981030511472315153

19991060521477319156

20001040528485321158

20011070539494320160

20021110539499321162

20031160543503324165

20041190550513328167

20051220558523338171

20061270566537349176

20071290574570360179

20081330580565368182

20091340581567374180

20101330585574379180

20111380592584385181

20121330600597392182

20131340611610401184

20141380621623414187

20151420627640403190



Estimates12800750051002113.00000000000052020170015001500800

California1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015838890908888960950931103010601040107011101160119012201270129013301340133013801330134013801420New York1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015475473479485493501507511521528539539543550558566574580581585592600611621627Texas1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015381386403413428437464472477485494499503513523537570565567574584597610623640Illinois1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015263269275280288306311315319321320321324328338349360368374379385392401414403U.S. Average1991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015127130134136141143147153156158160162165167171176179182180180181182184187190

TSR vs peers

Rexford Industrial

[File Title]

TSR since 7/19/13

REXR136.6%

DCT114.5%

TRNO108.6%

FR 108.3%

DRE93.0%

PLD85.7%

STAG69.5%

EGP64.7%

LPT36.9%

85.2%

TSR 2017 YTD

REXR28.5%

TRNO26.2%

PLD25.9%

DCT25.7%

EGP23.3%

STAG20.7%

FR 15.5%

LPT13.2%

DRE8.5%

19.9%


REXRDCTTRNOFR DREPLDSTAGEGPLPT1.36600000000000011.1451.08600000000000011.0830.930.856999999999999980.694999999999999950.647000000000000020.36899999999999999

REXRTRNOPLDDCTEGPSTAGFR LPTDRE0.284999999999999980.262000000000000010.259000000000000010.257000000000000010.233000000000000010.206999999999999990.1550.132000000000000018.5000000000000006E-2

SSNOI

Rexford Industrial

[File Title][File Title]

Year EndYear EndYear EndYear End

MT New ConstructionST New ConstructionMulti-Tenant InventorySingle-Tenant InventoryRexfordIndustrial REIT AverageNew Construction TotalInventory TotalSupply GrowthMT New ConstructionST New ConstructionMulti-Tenant InventorySingle-Tenant InventoryCashGAAPNew Construction TotalInventory TotalSupply Growth

1Q157.4%3.5%1Q157.3%7.4%

2Q156.2%4.5%2Q158.0%6.2%

3Q158.4%2.9%3Q157.1%8.4%

4Q154.8%3.4%4Q157.5%4.8%

1Q168.3%4.8%1Q168.2%8.3%

2Q166.9%2.9%2Q169.1%6.9%

3Q168.2%4.2%3Q166.8%8.2%

4Q169.1%4.1%4Q169.1%9.1%

1Q178.3%5.2%1Q1710.1%8.3%

2Q176.6%4.6%2Q175.1%6.6%

CAGR7.42%4.01%CAGR7.83%7.42%

% Change GAAP NOI% Change GAAP NOI

% Change Cash NOI


Industrial REIT Average

1Q152Q153Q154Q151Q162Q163Q164Q161Q172Q173.5000000000000003E-24.4999999999999998E-22.9000000000000001E-23.4000000000000002E-24.8000000000000001E-22.9000000000000001E-24.2000000000000003E-24.1000000000000002E-25.1999999999999998E-24.5999999999999999E-2Rexford

1Q152Q153Q154Q151Q162Q163Q164Q161Q172Q177.3999999999999996E-26.2E-28.4000000000000005E-24.8000000000000001E-28.3000000000000004E-26.9000000000000006E-28.2000000000000003E-29.0999999999999998E-28.3000000000000004E-26.6000000000000003E-2

1#REF!

GAAP

1Q152Q153Q154Q151Q162Q163Q164Q161Q172Q177.3999999999999996E-26.2E-28.4000000000000005E-24.8000000000000001E-28.3000000000000004E-26.9000000000000006E-28.2000000000000003E-29.0999999999999998E-28.3000000000000004E-26.6000000000000003E-2Cash

1Q152Q153Q154Q151Q162Q163Q164Q161Q172Q177.2999999999999995E-20.087.0999999999999994E-27.4999999999999997E-28.2000000000000003E-29.0999999999999998E-26.8000000000000005E-29.0999999999999998E-20.101000000000000015.0999999999999997E-2

8 - DAUM-NationLeader

Rexford Industrial

[File Title]

MarketTotal SFper SFImplied ABR ($ bn)

Southern California2,113$10.77$22.8

Chicago1,208$6.05$7.3

Philadelphia1,105$5.05$5.6

Northern New Jersey823$6.38$5.2

Dallas / Fort Worth879$5.60$4.9

Atlanta707$4.79$3.4

Total6,835$49.1



Southern CaliforniaChicagoPhiladelphiaNorthern New JerseyDallas / Fort WorthAtlanta2113.00000000000051208.3371041104.866708823.22878800000001878.66520500000001707.263552

Southern CaliforniaChicagoPhiladelphiaNorthern New JerseyDallas / Fort WorthAtlanta22.7560554642099897.30583198708557725.58203239787327385.16037867314190014.92156359727498143.3843139897081311

Philadelphia

Northern New Jersey

Total Market SF (mm) (1)

Average Market Asking Rents per SF (1)

Implied Market ABR ($bn)

Southern California

Chicago

Dallas / Ft. Worth

Atlanta

Largest Industrial Markets by SF

$5.05

$6.38

$10.77(REXR ABR: $8.88)

$6.05

$5.60

$4.79

SoCal is almost 3x larger

(2)

9 - DAUM-Supply

Rexford Industrial

[File Title]

Current Inventory Levels per Daum with the use of CoStar Data.Year EndYear End

Multi-TenantSingle-TenantTotal% MT% STMT New ConstructionST New ConstructionMulti-Tenant InventorySingle-Tenant InventoryMulti-Tenant % ChangeSingle-Tenant % ChangeNew Construction TotalInventory TotalSupply Growth

LA County380.1548.0928.141%59%2000779.9877.01,656.9

Orange County150.3154.0304.349%51%200116.426.4796.3903.42.1%3.0%42.81,699.72.6%

Ventura County40.629.670.258%42%20028.520.5804.8923.91.1%2.3%29.01,728.71.7%

Inland Empire185.5417.2602.731%69%20038.620.2813.4944.11.1%2.2%28.81,757.51.7%

San Diego101.390.5191.853%47%20047.222.3820.5966.40.9%2.4%29.51,787.01.7%

Southern California857.81,239.32,097.141%59%20056.333.9826.81,000.30.8%3.5%40.21,827.12.2%

20068.041.7834.81,042.11.0%4.2%49.71,876.82.7%

20076.431.3841.21,073.40.8%3.0%37.81,914.62.0%

20085.726.5846.91,099.90.7%2.5%32.21,946.81.7%

Multi-TenantSingle-TenantTotal20093.59.2850.41,109.10.4%0.8%12.71,959.50.7%

LA County 20170.135.976.1020100.43.1850.81,112.20.1%0.3%3.61,963.00.2%

Orange County 20170.000.710.7120110.15.3850.91,117.60.0%0.5%5.41,968.50.3%

Ventura County 20170.020.130.1520120.19.7851.01,127.30.0%0.9%9.81,978.20.5%

IE 20171.2020.6021.8020130.213.8851.21,141.00.0%1.2%13.91,992.20.7%

SD 20170.330.701.0320140.723.7851.81,164.70.1%2.1%24.42,016.61.2%

Southern California1.6828.1129.7920151.825.3849.71,185.30.2%2.2%27.12,050.51.3%

20163.022.2861.21,214.50.3%1.9%25.22,075.71.2%

20171.728.1865.21,247.80.2%2.4%29.82,113.01.4%

CAGR0.58%1.93%

% Change in Southern California Existing Industrial Stock

Quarter & YearLos AngelesOrange CountyChicagoPhiladelphiaNorthern New JerseyDallas/ Ft. WorthAtlantaUnited States

4Q 20014.4%5.7%6.6%8.9%7.3%8.0%9.8%7.9%

4Q 20024.7%7.6%8.3%9.6%8.2%8.7%11.3%8.9%

4Q 20034.7%6.9%8.9%9.7%7.1%9.0%11.5%9.3%

4Q 20043.9%5.3%9.0%10.5%7.4%9.4%10.4%9.0%

4Q 20053.4%4.3%9.1%9.9%7.8%8.0%10.1%8.5%

4Q 20062.8%4.1%9.1%8.4%7.2%7.5%11.1%8.1%

4Q 20073.0%3.9%9.1%8.2%7.6%7.9%11.1%8.0%

4Q 20084.2%4.6%10.0%8.8%8.1%9.1%12.6%8.7%

4Q 20094.6%6.7%11.7%10.3%9.5%10.8%14.1%10.4%

4Q 20105.3%6.9%11.6%9.5%9.3%10.9%14.9%10.4%

4Q 20115.2%5.9%11.0%8.9%9.2%9.5%13.9%9.6%

4Q 20124.8%5.5%9.6%8.9%8.9%8.6%13.1%8.9%

4Q 20134.5%4.8%8.8%8.6%8.4%7.2%11.9%8.0%

4Q 20143.2%3.9%7.9%8.1%8.1%7.4%9.1%7.2%

4Q 20152.4%2.6%7.3%7.5%7.3%7.0%7.4%6.4%

4Q 20162.3%2.3%6.5%6.3%5.8%6.1%7.6%5.4%

4Q 20172.0%2.7%6.5%5.8%5.1%6.4%6.1%4.9%

17-Year Average3.8%4.9%8.9%8.7%7.8%8.3%10.9%8.2%

Occupancy

Market Leading Occupancy

Quarter & YearLos AngelesOrange CountyChicagoPhiladelphiaNorthern New JerseyDallas/ Ft. WorthAtlantaUnited StatesLAOCSouthern CaliforniaNext 5 Largest Mkt Avg.U.S. Avg.Year

4Q 200195.6%94.3%93.4%91.1%92.7%92.0%90.2%92.1%96%94%95%92%92%2001

4Q 200295.3%92.4%91.7%90.4%91.8%91.3%88.7%91.1%95%92%94%91%91%2002

4Q 200395.3%93.1%91.1%90.3%92.9%91.0%88.5%90.7%95%93%94%91%91%2003

4Q 200496.1%94.7%91.0%89.5%92.6%90.6%89.6%91.0%96%95%95%91%91%2004

4Q 200596.6%95.7%90.9%90.1%92.2%92.0%89.9%91.5%97%96%96%91%92%2005

4Q 200697.2%95.9%90.9%91.6%92.8%92.5%88.9%91.9%97%96%97%91%92%2006

4Q 200797.0%96.1%90.9%91.8%92.4%92.1%88.9%92.0%97%96%97%91%92%2007

4Q 200895.8%95.4%90.0%91.2%91.9%90.9%87.4%91.3%96%95%96%90%91%2008

4Q 200995.4%93.3%88.3%89.7%90.5%89.2%85.9%89.6%95%93%94%89%90%2009

4Q 201094.7%93.1%88.4%90.5%90.7%89.1%85.1%89.6%95%93%94%89%90%2010

4Q 201194.8%94.1%89.0%91.1%90.8%90.5%86.1%90.4%95%94%94%90%90%2011

4Q 201295.2%94.5%90.4%91.1%91.1%91.4%86.9%91.1%95%95%95%90%91%2012

4Q 201395.5%95.2%91.2%91.4%91.6%92.8%88.1%92.0%96%95%95%91%92%2013

4Q 201496.8%96.1%92.1%91.9%91.9%92.6%90.9%92.8%97%96%96%92%93%2014

4Q 201597.6%97.4%92.7%92.5%92.7%93.0%92.6%93.6%98%97%98%93%94%2015

4Q 201697.7%97.7%93.5%93.7%94.2%93.9%92.4%94.6%98%98%98%94%95%2016

4Q 201798.0%97.3%93.5%94.2%94.9%93.6%93.9%95.1%98%97%98%94%95%2017

17-Year Average96.2%95.1%91.1%91.3%92.2%91.7%89.1%91.8%

Rental Rate

#1#1#2#3#4#5#6Market Leading Rental Rates

Quarter & YearLos AngelesOrange CountyChicagoPhiladelphiaNorthern New JerseyDallas/ Ft. WorthAtlantaUnited StatesSouthern CaliforniaNext 5 Largest Mkt Avg.U.S. Avg.Year

4Q 2001$0.55$0.64$0.41$0.34$0.48$0.37$0.33$0.42$0.60$0.39$0.422001

4Q 2002$0.55$0.60$0.39$0.34$0.47$0.36$0.30$0.40$0.58$0.37$0.402002

4Q 2003$0.57$0.67$0.40$0.38$0.51$0.38$0.34$0.39$0.62$0.40$0.392003

4Q 2004$0.60$0.74$0.44$0.37$0.52$0.39$0.31$0.39$0.67$0.41$0.392004

4Q 2005$0.59$0.76$0.40$0.39$0.52$0.38$0.30$0.41$0.68$0.40$0.412005

4Q 2006$0.63$0.81$0.39$0.39$0.53$0.39$0.30$0.43$0.72$0.40$0.432006

4Q 2007$0.69$0.86$0.41$0.40$0.54$0.40$0.31$0.45$0.78$0.41$0.452007

4Q 2008$0.70$0.85$0.41$0.40$0.54$0.39$0.33$0.45$0.78$0.41$0.452008

4Q 2009$0.63$0.71$0.39$0.39$0.50$0.38$0.31$0.42$0.67$0.39$0.422009

4Q 2010$0.58$0.62$0.37$0.37$0.48$0.37$0.29$0.40$0.60$0.38$0.402010

4Q 2011$0.57$0.65$0.37$0.37$0.47$0.36$0.29$0.4075.3%$0.61$0.37$0.402011

4Q 2012$0.58$0.65$0.37$0.37$0.48$0.38$0.29$0.4124.7%$0.62$0.38$0.412012

4Q 2013$0.63$0.70$0.38$0.38$0.50$0.41$0.30$0.42$0.67$0.39$0.422013

4Q 2014$0.68$0.75$0.44$0.38$0.50$0.42$0.33$0.46$0.72$0.41$0.462014

4Q 2015$0.75$0.80$0.47$0.38$0.52$0.44$0.35$0.48$0.77$0.43$0.482015

4Q 2016$0.80$0.87$0.48$0.40$0.57$0.47$0.37$0.50$0.83$0.46$0.502016

4Q 2017$0.93$1.01$0.50$0.42$0.65$0.47$0.40$0.54$0.95$0.49$0.542017

17-Year Average$0.65$0.75$0.41$0.38$0.52$0.40$0.32$0.4377%

Southern California Infill Markets

Total SFLos AngelesOrange

YearDemolished- LA &OCCountyCountyDemolished TotalsLos Angeles CountyOrange County

20011,800,8551,581,880218,9751,800,85520011,581,880218,975

20023,013,1452,520,112493,0333,013,14520022,520,112493,033

20034,427,0483,235,0231,192,0254,427,04820033,235,0231,192,025

20042,826,5392,791,54134,9982,826,53920042,791,54134,998

20053,441,2912,797,497643,7943,441,29120052,797,497643,794

20063,235,2452,223,0791,012,1663,235,24520062,223,0791,012,166

20075,377,3154,238,3721,138,9435,377,31520074,238,3721,138,943

20083,098,2932,423,620674,6733,098,29320082,423,620674,673

20095,698,1914,919,288778,9035,698,19120094,919,288778,903

20105,830,7915,136,578694,2135,830,79120105,136,578694,213

20115,925,1284,720,0731,205,0555,925,12820114,720,0731,205,055

20128,639,7817,115,0481,524,7338,639,78120127,115,0481,524,733

20133,250,5542,502,435748,1193,250,55420132,502,435748,119

20143,497,2222,042,5251,454,6973,497,22220142,042,5251,454,697

20153,985,7292,632,5421,353,1873,985,72920152,632,5421,353,187

2016.3Q3,261,9862,228,4111,033,5753,261,9862016.3Q2,228,4111,033,575

Market Totals67,309,11353,108,02414,201,08967,309,11353,108,02414,201,089

Source: CoStar Property Database, DAUM Commercial Real Estate Services



Single-Tenant % Change200120022003200420052006200720082009201020112012201320142015201620173.0091964361073607E-22.2747541149225173E-22.1844359281678091E-22.3658090093371612E-23.5085019213745558E-24.1706422733170927E-23.0067947323010876E-22.4668252619583518E-28.3814049174489608E-32.815977653515734E-34.7962197562060804E-38.6824171095615105E-31.2211293833498059E-22.0792423349816225E-22.215892006933437E-21.9E-22.3715515059478613E-2Multi-Tenant % Change200120022003200420052006200720082009201020112012201320142015201620172.0990370146088493E-21.0633830475401175E-21.0664060384109898E-28.8274964482313867E-37.6264525523627872E-39.6332478881703178E-37.7095346282264297E-36.7710964646394622E-34.118897819807169E-35.2782978679028305E-41.2495072861009918E-47.2389060312963744E-51.9779403638283346E-47.9938004576345014E-42.1508433905932565E-33.0000000000000001E-31.9746826356043605E-3

Southern California200120022003200420052006200720082009201020112012201320142015201620170.594999999999999970.574999999999999960.620.669999999999999930.675000000000000040.720.774999999999999910.774999999999999910.669999999999999930.60.610.614999999999999990.665000000000000040.715000000000000080.774583333333333290.83041666666666680.95304936346309332U.S. Avg.200120022003200420052006200720082009201020112012201320142015201620170.420.40.390.390.410.430.450.450.420.40.40.410.420.460.480.504166666666666650.53833333333333333Next 5 Largest Mkt Avg.200120022003200420052006200720082009201020112012201320142015201620170.386000000000000010.3720.401999999999999970.406666666666666620.398333333333333320.399166666666666670.411000000000000030.414833333333333330.393666666666666720.37650.37250.377166666666666650.393333333333333370.414500000000000040.431833333333333350.457499999999999910.48874730843965553


Los Angeles County & Orange County

Diminished Supply of Industrial Converted to Other Uses

#REF!000000000000000000000000000000#REF!000000000000000000000000000000

Square Feet (Millions)

Diminished Supply of Industrial Property Converted to Other Uses

#REF!000000000000000000000000000000#REF!000000000000000000000000000000

Millions (sq. ft.)

1#REF!

E-Commerce

US forecasted B2B e-commerce sales

2015$ 780

2016$ 855

2017$ 928

2018$ 999

2019$ 1,066

2020$ 1,132

Online and Catalog Taxable Retail SalesOnline and Catalog Taxable Retail Sales

So CalSo Cal

2010$ 1,7222011$ 1.8

2011$ 1.82014$ 4.6

2012$ 2,528.6

2013$ 4,054.1

2014$ 4.6

20152015

140377.8%

46779.4%60.3%

-99.9%

-100.0%

ERROR:#DIV/0!

ERROR:#DIV/0!

ERROR:#DIV/0!

-100.0%

-265.6%

SoCal E-Commerce Retail Sales

2011$ 1.8

2014$ 4.6

Online and Catalog Taxable Retail Sales

SoCalLA CountyOrange CountyRiverside CountySan Bernardino CountySan Diego CountyVentura County

2010$ 1,722.2$ 790.6$ 481.6$ 92.9$ 125.1$ 140.4$ 91.6

2011$ 1,840.7$ 897.6$ 460.0$ 101.9$ 141.3$ 152.1$ 87.8

2012$ 2,528.6$ 1,200.3$ 635.7$ 142.1$ 170.2$ 265.5$ 114.8

2013$ 4,054.1$ 1,906.6$ 893.3$ 243.3$ 274.0$ 557.0$ 179.9

2014$ 4,640.8$ 2,170.1$ 976.2$ 309.8$ 336.3$ 641.1$ 207.3

2015

U.S. E-Comm. Retail Sales$ 373$ 855

U.S. E-Comm. B2B Sales$ 531$ 1,132

Retail Employees: E-Commerce and Mail-Order Houses

CaliCaliforniaCalifornia

2016$ 373Sept. 201126.6

2020 (est.)$ 531Sept. 201643.1

2016$ 855

2020 (est.)$ 1,132

US E-Comm. Retail SalesUS E-Comm. B2B SalesE-Comm. % of Total RetailE-Comm. % of Total B2B20162020GrowthE-Comm. % of Total RetailE-Comm. % of Total B2B

2014$ 304$ 6926.4%8.5%2016 2020 (est.)$ 373$ 53142%6.4%8.5%

2015$ 342$ 7807.3%9.3%2016 2020 (est.)$ 855$ 1,13232%8.5%11.0%

2016$ 373$ 8557.5%9.9%

2017$ 410$ 9288.0%10.5%

2018$ 449$ 9998.5%11.0%

US E-Comm. Retail SalesUS E-Comm. B2B SalesGrowth

2016$ 373$ 855129%

2020$ 531$ 1,132113%

1Q172Q173Q174Q17

32%36%26%29%

21191614

65536149

32%36%26%29%

70

228

31%

Acquisition volume

20132014201520162017

$ 83.7$ 396.7$ 247.6$ 371.6$ 666.7

Debt/EBITDA

YE 2013YE 2014YE 2015YE 2016YE 2017

7.76.96.35.45.4


US forecasted B2B e-commerce sales20152016201720182019202078085592899910661132

SoCal E-Commerce Retail Sales

201120141.84.5999999999999996

U.S. E-Comm. Retail Sales

373855U.S. E-Comm. B2B Sales

5311132

1Q172Q173Q174Q170.320.360.260.28999999999999998

2013201420152016201783.7396.7247.6371.6666.7


YE 2013YE 2014YE 2015YE 2016YE 20177.76.96.35.45.4

So Cal201120141.84.5999999999999996

California

20162020 (est.)20162020 (est.)3735318551132

US E-Comm. Retail Sales

20142015201620172018304342373410449US E-Comm. B2B Sales

20142015201620172018692780855928999E-Comm. % of Total Retail

201420152016201720186.4000000000000001E-27.2999999999999995E-27.4999999999999997E-20.088.5000000000000006E-2E-Comm. % of Total B2B

201420152016201720188.5000000000000006E-29.2999999999999999E-29.9000000000000005E-20.1050.11


20142015201620172018304342373410449US E-Comm. B2B Sales

20142015201620172018692780855928999E-Comm. % of Total Retail

201420152016201720186.4000000000000001E-27.2999999999999995E-27.4999999999999997E-20.088.5000000000000006E-2E-Comm. % of Total B2B

201420152016201720188.5000000000000006E-29.2999999999999999E-29.9000000000000005E-20.1050.11

California

Sept. 2011Sept. 201626.643.1

So Cal

201120141.84.5999999999999996


20162020373531US E-Comm. B2B Sales

201620208551132

2016

2016 2020 (est.)2016 2020 (est.)3738552020

2016 2020 (est.)2016 2020 (est.)5311132

E-Comm.RetailSales

E-Comm.B2BSales

E-Comm.RetailSales

E-Comm.RetailSales

E-Comm.B2BSales

10 - PurePlay

Rexford Industrial

[File Title]

TickerQ4 2017Total%of

LPT3,15287,3033.6%

DRE6,706132,7255.1%

EGP2,60537,3387.0%

FR5,88961,7679.5%

PLD72,865628,26811.6%

DCT9,19765,11414.1%

TRNO2,73713,06021.0%

REXR18,467N/A100.0%

121,6181,025,575

6.6%45%

TRNOSoCalTotal

2,73713,060updated for q417

2,73713,060

PLD

SoCalTotal

72,865628,268updated for q417

72,865628,268

DCTSoCalTotal


9,19765,114

EGPSoCalTotal

214037,338updated for q417

465San Diego

260537,338

FRSocalTotal


5,88961,767

DRE

SocalTotal

6,706132,725updated for q417

LPTSocalTotal


3,15287,303



LPTDREEGPFRPLDDCTTRNOREXR3.610266452283406E-25.0525522697306459E-26.9768064706197438E-29.5338817345557908E-20.11597757644826730.141244586417667490.20957683637618591

11 - DiversifiedPortfolio

Rexford IndustrialSupplemental backup; not shown on the face of the supp

Source: Draft 2016 10K

Diversified Product TypeCovering a Broad Range of IndustriesOur Properties

% of Total SFSFABR byIncludes Consolidated & Unconsolidated Portfolio

Warehouse / Distribution53%9,859,87653.00%Tenant Industry%Table 1 - Our Portfolio

Warehouse / Light Manufacturing39%7,160,92639.00%Warehousing40,029,29425.53%26%

Light Industrial / Office5%989,6845.00%Wholesale Trade33,482,28721.36%21%RIF NameProperty AddressAsset TypeRentable Square Feet

Light Manufacturing / Flex3%466,3233.00%Manufacturing20,436,17813.03%13%

Consolidated Portfolio - Total / Weighted Average 100.00%18,476,809100.00%Retail Trade11,021,4137.03%7%Consolidated Portfolio

FLAGTransportation 9,418,2666.01%6%Los Angeles - Greater San Fernando Valley

Scientific/ Technical9,589,3826.12%6%BURBANK901 W. Alameda Ave.Light Industrial / Office44,924FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Construction6,017,2333.84%4%VANOWEN10635 Vanowen St.Warehouse / Light Manufacturing31,037TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Information4,208,8442.68%3%2980_2990 N SAN FERNANDO2980 & 2990 N San Fernando RoadWarehouse / Light Manufacturing130,800TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Repair/ Maintenance3,247,5022.07%2%9401 DE SOTO AVE9401 De Soto AveWarehouse / Light Manufacturing150,263TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Paper/Printing2,486,7481.59%2%9120 MASON AVENUE9120 Mason Ave.Warehouse / Distribution319,348FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Other16,849,81610.75%11%CHATSWORTH INDUSTRIAL PARK21040 Nordoff Street; 9035 Independence Avenue; 21019 - 21045 Osborne StreetWarehouse / Distribution153,236FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

GlendaleLight Industrial / Office25,168FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Health Care and Social Assistance2,409,230GLENDALE COMMERCE CENTER3350 Tyburn St., 3332, 3334, 3360, 3368, 3370, 3378, 3380, 3410, 3424 N. San Fernando Rd.Warehouse / Distribution475,566FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Administrative and Support and Waste Management and Remediation Services3,167,0093116 AVENUE 323116 W. Avenue 32Warehouse / Distribution100,500FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Real Estate 843,1717900 NELSON ROAD7900 Nelson Rd.Warehouse / Distribution202,905FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Arts, Entertainment, and Recreation2,237,828VINEDO121-125 N. Vinedo Ave.Warehouse / Light Manufacturing48,381TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Public Administration3,420,945SAN GABRIEL89-91 N. San Gabriel Blvd., 2670-2674 Walnut Ave., 2675 Nina St.Light Manufacturing / Flex31,619FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Other4,771,633ARROYO1050 Arroyo Ave.Warehouse / Light Manufacturing76,993TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

605 8TH STREET605 8th StreetWarehouse / Distribution55,715FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

24935_24955 AVENUE KEARNY24935 & 24955 Avenue KearnyWarehouse / Distribution138,980FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Total$156,786,964100%BLEDSOE AVENUE15140 & 15148 Bledsoe St., 13065 - 13081 Bradley Ave.Warehouse / Light Manufacturing133,356TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

TARZANA18310-18330 Oxnard St.Warehouse / Light Manufacturing75,288TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

CROCKER28340 - 28400 Avenue CrockerWarehouse / Light Manufacturing90,722TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

AVENUE STANFORD28159 Avenue StanfordLight Industrial / Office78,910FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Geographically Diversified High RentsCALVERT15041 Calvert St.Warehouse / Light Manufacturing81,282TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

REXRREXR ABRUS Average Avg REXR14723-14825 OXNARD14723-14825 Oxnard St.Warehouse / Light Manufacturing77,790TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

SF (2/20)% of SFPSF (12/31)ABR per SFABR per SF (12/31)ORION8101-8117 Orion Ave.Warehouse / Light Manufacturing48,394TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Los Angeles8,837,61447.86%48%US Average$6.46

Bill Carrier: Bill Carrier:from DAUM data8.88ODESSA6701 & 6711 Odessa Ave.Warehouse / Light Manufacturing29,544TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

San Diego1,819,6469.85%10%San Diego$11.10$6.468.8828454 LIVINGSTON AVELight Industrial / Office134,287FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Orange2,482,72813.44%14%Los Angeles$9.19$6.468.88525 PARK AVENUELight Industrial / Office63,403FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

San Bernardino3,582,60819.40%19%Orange$9.06$6.468.88Los Angeles - Greater San Fernando Valley Total2,798,411

Ventura1,744,4859.45%9%Ventura$8.59$6.468.88

Total18,467,081100%100%San Bernardino$7.07$6.468.88Los Angeles - San Gabriel Valley

425 HACIENDA BLVD425 S. Hacienda Blvd.Warehouse / Light Manufacturing51,823TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

14955-14971 SALT LAKE AVE14955-14971 E Salt Lake AveWarehouse / Light Manufacturing126,036TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

DON JULIAN15241 - 15277, 15317 - 15339 Don Julian Rd.Warehouse / Distribution241,248FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

IRWINDALE15715 Arrow HighwayLight Manufacturing / Flex76,000FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

ARROW BUSINESS CENTER15705, 15709 Arrow Highway & 5220 Fourth St.Warehouse / Light Manufacturing69,592TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

16321_16327 ARROW HIGHWAY16321 Arrow Hwy.Warehouse / Light Manufacturing64,296TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

VALLEY BLVD14250-14278 Valley Blvd.Warehouse / Light Manufacturing99,735TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

GOLDEN VALLEY13914-13932 Valley Blvd.Warehouse / Light Manufacturing58,084TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

MONROVIA1400 South ShamrockLight Manufacturing / Flex67,838FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

THOMPSON2743 Thompson Creek Rd.Warehouse / Distribution245,961FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

BONITA280 W. Bonita Ave.Warehouse / Distribution119,898FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

3880 VALLEY3880 West Valley Blvd.Warehouse / Light Manufacturing108,703TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

16425 GALE AVENUEWarehouse / Distribution325,800FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

10750-10826 LOWER AZUSA ROADWarehouse / Distribution79,050FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

14750 NELSON AVEWarehouse / Distribution145,531FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Los Angeles - San Gabriel Valley Total1,879,595

Los Angeles - CentralFALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

6020 SHEILA STREET6020 Sheila St.Warehouse / Distribution70,877FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

6700 ALAMEDA ST6700 S Alameda St.Warehouse / Distribution78,280TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

679_691 ANDERSON STREET679-691 S Anderson St.Warehouse / Light Manufacturing47,490TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

EAST 46TH STREET1938-1946 E. 46th St.Warehouse / Light Manufacturing190,663

Los Angeles - Central Total387,310

Supplemental Portfolio Overview

Property=rexford AND Date=08/31/2016 AND Output By=CountyLos Angeles - Mid-CountiesTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

16221 ARTHUR STREET16221 Arthur St.Warehouse / Light Manufacturing61,372TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

TotalTotalOccupancyTotalTotalCORNERSTONE9220-9268 Hall Rd.Warehouse / Light Manufacturing176,405FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

#Same-StoreNon-Same-StoreTotalSame-StoreNon-Same-StoreExcludingABRABRRepositionReposition9615 NORWALK BLVD9615 Norwalk Blvd.Warehouse / Distribution38,362FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

CountyPropertiesSqftSqftSqftOccupancyOccupancyOccupancyRepositioningTotalper SqftOcc SqftSqftSANTA FE SPRINGS9641 - 9657 Santa Fe Springs Rd.Warehouse / Distribution106,995FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Los Angeles644,907,4531,657,9016,565,35491.00056587488.622662028790.400091145195.462957818252642500.720024$ 8.875910211619110410709_10719 NORWALK BLVD10701-10719 Norwalk Blvd.Warehouse / Distribution58,056TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

14750 Nelson145,5310$ - 0

Los Angeles Pro Forma6,710,88588.4452642500.720024$ 8.87

Orange2113079081259842256775082.168164733399.20490029790.5396.48344222720604511.8$ 8.862324509240923110950 NORWALK BLVD10950 Norwalk Blvd & 12241 Lakeland Rd.Warehouse / Light Manufacturing18,995TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

San Bernardino151046466568109161457596.454638755695.608413174296.1696.156883390411063517.48$ 7.131552525161457512247 LAKELAND ROAD12247 Lakeland Rd.Warehouse / Light Manufacturing24,875FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Ventura121057369542982160035191.805036841467.363006508583.5183.512117029311257474.92$ 8.421336487160035112907 IMPERIAL HIGHWAY12907 Imperial HighwayWarehouse / Distribution101,080TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

San Diego201325446769706209515296.787798220450.555536789479.8097.129733334617819464.44$ 10.6616719991721408SHOEMAKER14944, 14946, 14948 Shoemaker Ave.Warehouse / Light Manufacturing85,950

Total Pro Forma1329644642479854014,588,71391.278110685783.716276200787.8894.5264377817113387469.360024$ 8.841279573113536669

Los Angeles - Mid-Counties Total672,090

1329644642479854014,588,71391.278110685783.716276200787.8894.5264377817113387469.360024$ 8.841279573113536669

Los Angeles - South BayTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

1065 WALNUT STREET1065 E. Walnut Ave.Warehouse / Light Manufacturing172,420FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

BROADWAY18118-18120 S. BroadwayWarehouse / Distribution78,183TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

157TH STREET311, 319, 329 & 333 157th St.Warehouse / Light Manufacturing60,000FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

220 IVY AVENUE240 W Ivy AvenueWarehouse / Distribution45,685FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

240TH STREET1661 240th St.Warehouse / Distribution96,616FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

11120_11200 HINDRY AVENUE11120, 11160, 11200 Hindry AveWarehouse / Distribution63,654TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

2588_2605 INDUSTRY WAY2588 & 2605 Industry WayWarehouse / Light Manufacturing164,662TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

PARAMOUNT BUSINESS CENTER6423-6431 & 6407-6119 Alondra Blvd.Warehouse / Light Manufacturing30,224TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

ROSECRANS AVE7110 Rosecrans Ave.Warehouse / Light Manufacturing73,439TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

NORMANDIE BUSINESS CENTER20920-20950 Normandie Ave.Warehouse / Light Manufacturing49,519TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

24105 FRAMPTON AVENUE24105 Frampton Ave.Warehouse / Light Manufacturing49,841TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

228TH STREET1500-1510 W. 228th St.Warehouse / Light Manufacturing89,236

Los Angeles - South Bay Total973,479

Orange County - NorthTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

THE PARK1100-1170 Gilbert St. & 2353-2373 La Palma Ave.Warehouse / Light Manufacturing120,313TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

ORANGETHORPE1631 N. Placentia Ave., 2350 - 2384 E. Orangethorpe Ave.Warehouse / Light Manufacturing62,395TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

5235 HUNTER5235 East Hunter Ave.Warehouse / Light Manufacturing119,692FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

WALNUT CENTER2300-2386 East Walnut Ave.Warehouse / Distribution161,286TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

1210 N RED GUM ST1210 N Red Gum StWarehouse / Light Manufacturing64,570TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

YORBA LINDA BUSINESS PARK22343-22349 La Palma Ave.Warehouse / Light Manufacturing115,760FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

1600 ORANGETHORPELight Industrial / Office345,756

Orange County - North Total989,772

Orange County - WestTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

1700 SATURN WAY1700 Saturn WayWarehouse / Light Manufacturing170,865TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

17311 NICHOLS LANE17311 Nichols Ln.Warehouse / Light Manufacturing114,912FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

12131 WESTERN AVENUEWarehouse / Distribution207,953FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Orange County - West Total493,730FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Orange County - SouthTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

20531 CRESCENT BAY20531 Crescent Bay Dr.Warehouse / Light Manufacturing46,178FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

20 ICONWarehouse / Distribution102,299FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

9 HOLLANDLight Manufacturing / Flex180,981FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

329,458FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Orange County - AirportTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

1601_1621 ALTON1601 Alton Pkwy.Warehouse / Light Manufacturing124,000FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

MACARTHUR3441 West MacArthur Blvd.Warehouse / Distribution122,060TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

GRAND COMMERCE CENTER600-650 South Grand Ave.Warehouse / Light Manufacturing101,210TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

HARBOR WARNER3720-3750 W. Warner Ave.Warehouse / Light Manufacturing38,570TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

GRAND200-220 South Grand Ave.Warehouse / Light Manufacturing27,200TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

2610_2701 BIRCH2610 & 2701 S. Birch StreetWarehouse / Light Manufacturing98,379FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

2700_2722 FAIRVIEW STREETLight Industrial / Office116,575FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

2811 HARBOR BOULEVARDLight Manufacturing / Flex126,796FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Orange County - Airport Total754,790FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex


San Bernardino - Inland Empire WestFALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

13231 SLOVER AVENUE13231 Slover AvenueWarehouse / Distribution109,463FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

10509 BUSINESS DRIVE10509 Business DriveWarehouse / Distribution130,788TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

BENSON8900-8980 Benson Ave., 5637 Arrow HighwayWarehouse / Light Manufacturing88,016TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

CAMPUS AVENUE1400 S. Campus Ave.Warehouse / Light Manufacturing107,861FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

601_605 MILLIKEN AVENUE601-605 S. Milliken Ave.Light Industrial / Office128,322FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

ONTARIO AIRPORT BUSINESS PARK845, 855, 865 S Milliken Ave & 4317, 4319 Santa Ana St.Light Industrial / Office113,612TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

DUPONT BUSINESS CENTER710 South Dupont Avenue & 4051 Santa Ana StreetWarehouse / Light Manufacturing111,890FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

ARCHIBALD9375 Archibald Ave.Light Industrial / Office62,677FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

EMPIRE LAKES9160 - 9220 Cleveland Ave., 10860 6th St.Light Manufacturing / Flex129,309FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

9805 6TH STREET9805 6th St.Warehouse / Distribution81,377FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

JERSEY10700 Jersey Blvd.Light Industrial / Office107,568FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

CATAWBAWarehouse / Distribution145,750FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

JURUPAWarehouse / Distribution212,660FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

San Bernardino - Inland Empire West Total1,529,293FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex


San Bernardino - Inland Empire EastTRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

ENFIELD77-700 Enfield LaneWarehouse / Light Manufacturing21,607TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

CENTRAL6750 Unit B-C - 6780 Central Ave.Warehouse / Light Manufacturing63,675FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

San Bernardino - Inland Empire East Total85,282FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex


Ventura CountyFALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

LEWIS ROAD300 South Lewis Rd.Warehouse / Distribution215,128FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

201 RICE AVENUE201 Rice Ave. & 2400-2420 CelsiusWarehouse / Distribution137,785TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

610_760 HUENEME ROAD610-760 W Hueneme Rd & 5651-5721 Perkins RdWarehouse / Light Manufacturing87,181FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

1800 EASTMAN AVENUE1800 Eastman AveWarehouse / Distribution33,332FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

OXNARD2220-2260 Camino del SolWarehouse / Distribution69,891FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

2350_2380 EASTMAN AVENUE2350-2380 Eastman AveWarehouse / Distribution55,296FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

2360_2364 EAST STURGIS ROAD2360-2364 E. Sturgis RoadWarehouse / Distribution49,641FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

3120_3150 PASEO MERCADO3000 Paseo Mercado, 3120-3150 Paseo MercadoWarehouse / Distribution132,187TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

DEL NORTE701 Del Norte Blvd.Warehouse / Light Manufacturing125,514FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

MADERA ROAD2950 Madera Rd.Warehouse / Distribution136,065TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

EASY STREET21-29 West Easy St.Warehouse / Light Manufacturing102,530FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

3233 MISSION OAKSLight Industrial / Office455,801FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

Ventura County Total1,600,351FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex


San Diego - North County TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

YARROW DRIVE6200 & 6300 Yarrow Dr.Warehouse / Light Manufacturing151,433FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

IMPALA2431-2465 Impala Dr.Light Manufacturing / Flex89,955TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

YARROW DRIVE II6231 & 6241 Yarrow Dr.Warehouse / Light Manufacturing80,441FALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

NEWTON5803 Newton Dr.Light Manufacturing / Flex71,602TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

POINSETTIA929, 935, 939 & 951 Poinsettia Ave.Warehouse / Light Manufacturing121,892TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

PIONEER AVENUE2575 Pioneer Ave.Warehouse / Light Manufacturing68,935FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

San Diego - North County Total584,258FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex


San Diego - CentralFALSEFALSEFALSETRUEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

FIRST AMERICAN WAY12345 First American WayLight Manufacturing / Flex40,022FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

12720_12860 DANIELSON COURT12720-12860 Danielson Ct.Light Industrial / Office112,062FALSEFALSETRUEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

8902_8940 ACTIVITY ROAD8902-8940 Activity RdLight Industrial / Office112,501FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

2535 MIDWAY DRIVE2535 Midway Dr.Warehouse / Distribution373,744FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

6970_7374 CONVOY COURT6970-7170 & 7310-7374 Convoy Ct.Warehouse / Distribution187,763TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

9340 CABOT DRIVE9340 Cabot DriveWarehouse / Light Manufacturing86,564TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex



9755 DISTRIBUTION9755 Distribution Ave.Warehouse / Light Manufacturing47,666TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

9855 DISTRIBUTION9855 Distribution AveWarehouse / Light Manufacturing60,819TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

LA JOLLA SORRENTO BUSINESS PARK10439-10477 Roselle St.Warehouse / Light Manufacturing97,967FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

8525 CAMINO SANTA FEWarehouse / Distribution59,399FALSETRUEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

13550 STOWE DRIVEWarehouse / Distribution112,000FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

San Diego - Central Total1,434,193FALSEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex


San Diego - South County TRUEFALSEFALSEFALSEWarehouse / Light ManufacturingWarehouse / DistributionLight Industrial / OfficeLight Manufacturing / Flex

WEST 33RD STREET131 W. 33rd St.Warehouse / Light Manufacturing76,701

Consolidated Portfolio - Total / Weighted Average 14,588,713



WarehousingWholesale TradeManufacturingRetail TradeTransportation Scientific/ TechnicalConstructionInformationRepair/ MaintenancePaper/PrintingOther0.260.210.137.0000000000000007E-20.060.060.040.030.020.020.11

PSF (12/31)

San DiegoLos AngelesOrangeVenturaSan Bernardino11.19.199.068.597.07ABR per SFSan DiegoLos AngelesOrangeVenturaSan Bernardino6.466.466.466.466.46ABR per SF (12/31)San DiegoLos AngelesOrangeVenturaSan Bernardino8.88000000000000088.88000000000000088.88000000000000088.88000000000000088.8800000000000008

Warehouse / Light Manufacturing 39%

Warehouse / Distribution

53%

Light Industrial / Office

5%

Flex / Light Manufacturing

3%

Warehouse / DistributionWarehouse / Light ManufacturingLight Industrial / OfficeLight Manufacturing / Flex0.530.390.050.03

Los Angeles

48%

Orange

14%

San Diego

10%

San Bernardino 19%

Ventura

9%

Los AngelesSan DiegoOrangeSan BernardinoVentura0.480.10.140000000000000010.190.09

E-commerce pie

Covering a Broad Range of Industries

SF by

Tenant Industry%

33.0%General Warehousing193,666.2032.69%33%

24.0%Wholesalers, Durable141,293.3223.85%24%

15.0%Wholesalers, Nondurable90,162.5915.22%15%

8.0%Other48,475.518.18%8%

6.0%Health & Personal Care33,461.005.65%6%

6.0%Retailers35,969.646.07%6%

5.0%Scientific/ Technical26,816.204.53%4%

4.0%Construction22,579.603.81%4%

100.00%

Total592,424100%


General WarehousingWholesalers, DurableWholesalers, NondurableOtherHealth & Personal CareRetailersScientific/ TechnicalConstruction0.330.240.150.080.060.060.040.04

13 - Map-MarketSizes

Rexford Industrial

●Note: Ventura include the JV as well

Market SFMKT VACREXR SFNewREXR SFMKT VAC (REXR Weight)

Greater San Fernando Valley1731.2%2.7980.1112.9101.2%

San Gabriel Valley1510.9%1.8811.8810.9%

Central LA2861.3%0.3870.3871.3%

Mid-Counties1100.9%0.6720.6720.9%

South Bay2200.8%1.0951.0950.8%

Ventura633.4%1.6001.6003.4%

Inland Empire East2076.5%0.085

Inland Empire West2782.1%1.8141.8142.1%

North Orange County1131.3%0.8740.8741.3%

West Orange County410.5%0.4940.4940.5%

South Orange County333.4%0.3290.3293.4%

OC Airport681.9%0.7550.7551.9%

San Diego1914.4%2.2332.2334.4%

Southern California1,9332.3%15.0215.042.0%

Orange County1.6%



14 - DAUM-SoCal Rent Proj

Rexford Industrial

[File Title]

Multi-Tenant 100,000 sq. ft.

Multi-Tenant Rent % Change% Annual Change% Change from PeakSingle Tenant Rent % Change% Annual Change% Change from PeakAll Building Sizes% Annual Change% Change from Peak

2007 4Q$0.880$0.540$0.720

2008 1Q$0.880$0.550$0.720

2008 2Q$0.870$0.540$0.720

2008 3Q$0.850$0.540$0.710

2008 4Q$0.830-5.7%-5.7%$0.530-1.9%-1.9%$0.700-2.8%-2.8%

2009 1Q$0.820$0.510$0.670

2009 2Q$0.810$0.490$0.650

2009 3Q$0.800$0.470$0.630

2009 4Q$0.760-8.4%-13.6%$0.450-15.1%-16.7%$0.600-14.3%-16.7%

2010 1Q$0.740$0.440$0.580

2010 2Q$0.730$0.430$0.570

2010 3Q$0.720$0.430$0.570

2010 4Q$0.710-6.6%-19.3%$0.430-4.4%-20.4%$0.560-6.7%-22.2%

2011 1Q$0.710$0.420$0.560

2011 2Q$0.700$0.430$0.570

2011 3Q$0.700$0.430$0.560

2011 4Q$0.700-1.4%-20.5%$0.4402.3%-18.5%$0.5701.8%-20.8%

2012 1Q$0.700$0.450$0.580

2012 2Q$0.700$0.460$0.580

2012 3Q$0.710$0.460$0.580

2012 4Q$0.7101.4%-19.3%$0.4706.8%-13.0%$0.5801.8%-19.4%

2013 1Q$0.720$0.480$0.590

2013 2Q$0.730$0.480$0.600

2013 3Q$0.750$0.490$0.610

2013 4Q$0.7607.0%-13.6%$0.5006.4%-7.4%$0.6308.6%-12.5%

2014 1Q$0.780$0.500$0.640

2014 2Q$0.800$0.520$0.650

2014 3Q$0.820$0.520$0.660

2014 4Q$0.84010.5%-4.5%$0.5306.0%-1.9%$0.6807.9%-5.6%

2015 1Q$0.850$0.530$0.690

2015 2Q$0.870$0.540$0.710

2015 3Q$0.880$0.550$0.720

2015 4Q$0.9209.5%4.5%$0.5605.7%3.7%$0.7307.4%1.4%

2016 1Q$0.930$0.560$0.740

2016 2Q$0.950$0.570$0.760

2016 3Q$0.970$0.570$0.770

2016 4Q$1.0008.7%13.6%$0.5803.6%7.4%$0.7806.8%8.3%

2017 1Q$1.010$0.590$0.790

2017 2Q$1.040$0.610$0.800

2017 3Q$1.050$0.620$0.810

2017 4Q$1.0808.0%22.7%$0.6308.6%16.7%$0.8306.4%15.3%

2018 1Q$1.090$0.600$0.840

2018 2Q$1.100$0.630$0.850

2018 3Q$1.130$0.640$0.850

2018 4Q$1.1405.6%29.5%$0.6503.2%20.4%$0.8603.6%19.4%

Small-Sized Tenant Rent % Change% Change from PeakLarge Tenant Rent % Change% Change from PeakAll Building Sizes% Annual Change% Change from Peak

2008$0.830(5.7%)(5.7%)$0.530(1.9%)(1.9%)$0.700(2.8%)(2.8%)

2009$0.760(8.4%)(13.6%)$0.450(15.1%)(16.7%)$0.600(14.3%)(16.7%)

2010$0.710(6.6%)(19.3%)$0.430(4.4%)(20.4%)$0.560(6.7%)(22.2%)

2011$0.700(1.4%)(20.5%)$0.4402.3%(18.5%)$0.5701.8%(20.8%)

2012$0.7101.4%(19.3%)$0.4706.8%(13.0%)$0.5801.8%(19.4%)

2013$0.7607.0%(13.6%)$0.5006.4%(7.4%)$0.6308.6%(12.5%)

2014$0.84010.5%(4.5%)$0.5306.0%(1.9%)$0.6807.9%(5.6%)

2015$0.9209.5%4.5%$0.5605.7%3.7%$0.7307.4%1.4%

2016$1.0008.7%13.6%$0.5803.6%7.4%$0.7806.8%8.3%

2017$1.0808.0%22.7%$0.6308.6%16.7%$0.8306.4%15.3%

2018E$1.1405.6%29.5%$0.6503.2%20.4%$0.8603.6%19.4%

$0.737

All Building SizesSmall & mid-size tenant

Multi-Tenant Rent Growth% Change from PeakSi

November 2020 Investor Presentation – Rexford Industrial ... · REXR 1.2% of Market. 2. Low...

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Transcript of November 2020 Investor Presentation – Rexford Industrial ... · REXR 1.2% of Market. 2. Low...