Rexford Industrial sees ~$41.4M NOI growth potential form existing portfolio

• Rexford Industrial Realty (REXR +0.2%) sees ~$41.4M of net operating income growth potential from its existing in-place portfolio, according to a slide show posted on its website ahead of the NAREIT's annual conference in Los Angeles.
• Projects NOI growth of ~20% over 12-24 months from in-place portfolio.
• Sees additional NOI growth potential from future acquisitions.
• Notes that more than 95% of leases include 3% annualized rent increases.