Exhibit 12.1

REXFORD INDUSTRIAL REALTY, INC.

Statement of Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

(in thousands, except ratios)

	Rexford Industrial Realty, Inc.																Rexford Industrial Realty, Inc. Predecessor
	Year Ended December 31, 2016				Year Ended December 31, 2015				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
Earnings
Add:
Income (loss) from continuing operations before adjustment for income or loss from equity investees	$	24,425			$	1,857			$	(1,141	)		$	(1,102	)		$	(7,279	)		$	(8,436	)
Fixed charges (see below)	18,678				9,361				6,534				1,791				9,415				16,950
Amortization of capitalized interest(1)	12				—				—				—				—				—
Distributed income of equity investees	5,530				—				1,689				—				—				—
Subtract:
Preferred dividends	(1,983		)		—				—				—				—				—
Capitalized interest	(1,653		)		(754		)		(42		)		—				—				—
Earnings	$	45,009			$	10,464			$	7,040			$	689			$	2,136			$	8,514
Fixed Charges
Interest expense	14,848				8,453				6,400				1,763				9,395				16,875
Preferred dividends	1,983				—				—				—				—				—
Capitalized interest	1,653				754				42				—				—				—
Rental expense at computed interest factor(2)	194				154				92				28				20				75
Fixed charges	$	18,678			$	9,361			$	6,534			$	1,791			$	9,415			$	16,950
Consolidated ratio of earnings to fixed charges and preferred stock dividends	2.41				1.12				1.08				0.38				0.23				0.50
Inadequate amount	$	—			$	—			$	—			$	(1,102	)		$	(7,279	)		$	(8,436	)

(1)	Amount represents an estimate of capitalized interest that has been amortized each year based on our established depreciation policy and an analysis of total interest costs capitalized.

(2)	Amounts represent those portions of rent expense (one-third) that are reasonable approximations of interest costs.