LOS ANGELES, Nov. 21, 2022 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company," "Rexford Industrial," or "Rexford") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, announced that Fitch Ratings ("Fitch") upgraded Rexford Industrial's investment grade issuer and senior unsecured ratings. Fitch upgraded the Company's ratings to BBB+ from BBB with a stable outlook.
"Fitch's rating upgrade recognizes Rexford Industrial's focused operating strategy and disciplined approach to value creation within infill Southern California, the nation's largest and most desirable industrial market," stated Laura Clark, Chief Financial Officer of the Company. "Our low-leverage, fortress-like balance sheet and strong liquidity profile enable Rexford's unique access to accretive growth opportunities that differentiate our ability to drive shareholder value."
About Rexford Industrial
Rexford 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. Rexford Industrial's high-quality, irreplaceable portfolio comprises 346 properties with approximately 41.8 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.
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