Rexford Industrial Realty, Inc.

Rexford Industrial Realty, Inc. Predecessor

Year ended December 31, 2014

Period from July 24, 2013 to December 31, 2013

Period from January 1, 2013 to July 23, 2013

Year ended December 31, 2012

Year ended December 31, 2011

Earnings

Add:

Loss from continuing operations before adjustment for income or loss from equity investees

$

(1,141,000

)

$

(1,102,000

)

$

(7,279,000

)

$

(8,436,000

)

$

(7,619,000

)

Fixed charges (see below)

6,534,000

1,791,000

9,415,000

16,950,000

17,535,000

Distributed income of equity investees

1,689,000

-

-

-

-

Subtract:

Capitalized interest

(42,000

)

-

-

-

-

Earnings

$

7,040,000

$

689,000

$

2,136,000

$

8,514,000

$

9,916,000

Fixed Charges

Interest expense

$

6,400,000

$

1,763,000

$

9,395,000

$

16,875,000

$

17,466,000

Capitalized interest

42,000

-

-

-

-

Rental expense at computed interest factor ⁽¹⁾

92,000

28,000

20,000

75,000

69,000

Fixed charges

$

6,534,000

$

1,791,000

$

9,415,000

$

16,950,000

$

17,535,000

Consolidated ratio of earnings (loss) to fixed charges

1.08

0.38

0.23

0.50

0.57

Inadequate amount

--

$

(1,102,000

)

$

(7,279,000

)

$

(8,436,000

)

$

(7,619,000

)