Rexford Industrial Realty Inc Q2 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Connor Serge Siversky - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Two quick ones for me, and apologies if this was missed in your answers previously, but on the retention rate, down sequentially from last quarter and then seeing the footnote on Page 22 of the supplemental, I'm wondering how much of that delta is attributable to adding the other repositioning segment to the calculation? And then how much of it was just background, maybe an unforeseen move out or something of that nature?

Question: Connor Serge Siversky - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Got it. Okay. And then just kind of 1 more follow-up from an earlier question, understanding that the supply dynamics are exceedingly favorable in your market, but we haven't seen much abatement in terms of fuel or labor costs as it pertains to a logistics provider, for example. So is there any sense that, at some point, these budgets get squeezed such that they wouldn't be able to afford a 70% re-leasing spread? Or is that still trending very much in the right direction from your point of view? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 21, 2022 / 5:00PM, REXR.N - Q2 2022 Rexford Industrial Realty Inc Earnings Call