Rexford Industrial Realty Inc at Bank of America Global Real Estate Conference Summary

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

Question: Camille Bonnel - Bank of America - Analyst : (inaudible)

Question: Camille Bonnel - Bank of America - Analyst : (inaudible)

Question: Camille Bonnel - Bank of America - Analyst : And more broadly, how would you characterize where we are in this cycle (inaudible)?

Question: Camille Bonnel - Bank of America - Analyst : And I see your perspective on the industrial side. But if we step out, there are growing concerns on the consumer and we've seen a few more retailers announced that they're closing stores and bankruptcy is picking up a little bit. So I'm wondering how has that translated to their functions from a logistics standpoint and is it getting harder to undermine new tenants today? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 10, 2024 / 7:45PM, REXR.N - Rexford Industrial Realty Inc at Bank of America Global Real Estate Conference

Question: Camille Bonnel - Bank of America - Analyst : In that scenario, are they -- and given that you have a business plans to redevelop, if they assume the lease through this process, will you be repositioning that assets still or keeping them in the asset? And what's the mark to market (inaudible)?

Question: Camille Bonnel - Bank of America - Analyst : And I realize, I'm not Miced up. So please let me know if you can't hear the questions at the back. And if you have any questions, please feel free to ask. Just shifting on to the rental side. You've been been updating, and just how quickly the market's been changing. I was wondering if you could update us on where that trend is like heading today and your expectation for the year end?

Question: Camille Bonnel - Bank of America - Analyst : And just digging to the Dupont asset values stabilized, can you talk about the terms that you managed to achieve on that deal and how that compared to your initial underwriting? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 10, 2024 / 7:45PM, REXR.N - Rexford Industrial Realty Inc at Bank of America Global Real Estate Conference

Question: Camille Bonnel - Bank of America - Analyst : And were you able to achieve the 4% escalators [that you were residing on the deal]?

Question: Camille Bonnel - Bank of America - Analyst : And just sticking with your repositioning and developing programs. Given how this has been an area you're creating value, just wondering if you could update on the progress around that? How you're thinking about that?

Question: Camille Bonnel - Bank of America - Analyst : Why do you think you've had more success on leasing up the additional side for redevelopment? And is there anything you guys are working on, trying some market in a different way to frame that demand on the development cycle on?

Question: Camille Bonnel - Bank of America - Analyst : We've been been developing the capacity of your portfolio through this developments. I think your brew positioning. A redevelopment is about like evenly split. When I was looking at it the other day, I think it's about 8% of your total portfolio in terms of square feet. So I'm curious, as you think forward and the functional obsolescence in this market, do you see potentially growing like that in one way or the other? And how large could you --?

Question: Camille Bonnel - Bank of America - Analyst : Yeah. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 10, 2024 / 7:45PM, REXR.N - Rexford Industrial Realty Inc at Bank of America Global Real Estate Conference

Question: Camille Bonnel - Bank of America - Analyst : Right. I think we're out of time. But the spirit of the questions, I think, for investors given that we will be increasing visibility is really just trying to understand your capital allocations strategy and how you're managing inventions on that front. Btu we're -- again, we're out of time. We'll end it there and continue discussion next fall.