Rexford Industrial was founded in 2001 and formally structured as a Real Estate Investment Trust (REIT) in 2013 following its initial public offering on the New York Stock Exchange under the ticker REXR. Headquartered in Los Angeles, the company has evolved into the largest pure-play industrial REIT focused exclusively on infill Southern California, the nation’s most supply-constrained and highest-demand industrial market. This strategic concentration leverages high barriers to entry and proximity to major ports, transportation corridors, and dense population centers, enabling Rexford to deliver consistent cash flow and long-term value creation. As of Q2 2025, Rexford's core business centers on acquiring, operating, and redeveloping industrial assets, including warehouses, logistics facilities, and light manufacturing spaces. The investment strategy emphasizes value-add acquisitions, repositioning, and redevelopment of vintage properties to enhance functionality and capture rental growth. Rexford’s disciplined capital allocation includes opportunistic dispositions and share repurchases. The company’s geographic footprint is highly concentrated in Southern California submarkets such as Los Angeles County, Orange County, and the Inland Empire, which collectively account for the majority of its gross leasable area. This focus provides access to robust demand drivers like e-commerce and third-party logistics. Tenant composition is diverse, serving over 1,600 customers, but notable exposure exists to logistics and e-commerce operators. Major tenants include Amazon and FedEx, which contribute meaningful rent streams under long-term leases.