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Rexford Industrial Announces Chairman Richard Ziman to Retire Following Annual Meeting

1. Chairman Richard Ziman to retire after the June 2025 Annual Meeting. 2. Tyler Rose, lead independent director, expected to become new chairman. 3. Ziman praised the team's potential for long-term shareholder value. 4. Rexford operates in Southern California, a high-demand industrial market. 5. REXR maintains a strong portfolio of 425 properties with diverse tenants.

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FAQ

Why Bullish?

Ziman’s leadership transition indicates stability and potential future growth under Tyler Rose, which may enhance investor confidence, similar to other REITs that prospered post-leadership changes.

How important is it?

The imminent leadership change and emphasis on growth strategies are crucial to the future direction of REXR, making this news significant for stakeholders.

Why Long Term?

The impact of leadership changes and growth strategies often takes time to reflect in performance, as seen with REITs like Prologis in their transition phases.

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, /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today announced that Richard Ziman, Chairman of the Board of Directors, will retire from his role and the Board of Directors following the Company's Annual Meeting of Stockholders on June 3, 2025 (the "Annual Meeting"). "It's been a privilege to be a part of the tremendous growth of Rexford Industrial, and I have the utmost confidence in the team's continued success," stated Richard Ziman. "We are deeply grateful for Richard's contributions as Chaiman," stated Michael Frankel and Howard Schwimmer, Co-Chief Executive Officers of the Company. "Looking forward, we remain well positioned to unlock our substantial embedded NOI growth opportunities and drive long-term shareholder value." Subject to the results of the Annual meeting and the election of directors, the Board of Directors approved the appointment of current lead independent director Tyler Rose to serve as the Chairman of the Board of Directors effective as of the conclusion of the Annual Meeting. Because such appointment is subject to the results of the Annual Meeting, the Company will make the appropriate disclosures if and when such appointment becomes effective. About Rexford IndustrialRexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand, lowest supply market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. As of December 31, 2024, Rexford Industrial's high-quality, irreplaceable portfolio comprised 425 properties with approximately 50.8 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member. For more information, please visit www.rexfordindustrial.com. Contact:Mikayla LynchDirector, Investor Relations and Capital Markets(424) 276-3454[email protected]  SOURCE Rexford Industrial Realty, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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