Rexford Industrial closes $1.2B sale of 22 industrial properties to EQT Real Estate

Rexford Industrial Realty, Inc.

Sold 22 industrial properties (5.2M sq ft) to EQT Real Estate affiliate for ~$1.2B; lease term 2.7 yrs, rents 28% above market.
Proceeds used: $485M debt repaid and $205M stock repurchased in Q3-to-date; $492M debt and $505M buybacks YTD.
Dispositions YTD total $1.5B within full-year guidance of $1.5-2.0B; portfolio estimated 2027 cash NOI yield ~5.5%.
Reaffirmed 2026 guidance from Q2 earnings release dated July 23, 2026; year-end 2026 Net Debt/EBITDAre seen at 3.5x.

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