Rexford Industrial launches forward equity offering of 13.5M shares at $55.60/share

Rexford Industrial Realty, Inc.

Entered forward sale agreements for up to 15.525M shares; underwriters sold 13.5M shares on May 15, 2023.
Public offering price set at $55.60 per share; company receives proceeds upon settlement by Oct 11, 2024.
Net proceeds to be contributed to operating partnership for acquisitions, debt repayment, and development.
Proceeds from initial sale of 13.5M shares go to forward sellers; company not receiving any proceeds at closing.
Offered under shelf registration; underwriters include Wells Fargo, Goldman Sachs, J.P. Morgan, Scotia, Truist.

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