Rexford Industrial to sell $1.2B industrial portfolio to EQT Real Estate affiliate

Rexford Industrial Realty, Inc.

Definitive agreement to sell 22 industrial properties for ~$1.2B cash; closing expected by Sept 30, 2026.
2027 cash NOI yield estimated at 5.5%, reflecting above-market rent roll-down and expected moveouts.
YTD dispositions closed or under contract reach ~$1.5B, within FY disposition guidance of $1.5-2.0B.
Proceeds to repay 2027 debt maturities, repurchase common stock under $1.0B buyback, and fund development.
Reaffirms 2026 guidance provided on July 23, 2026.

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