Exhibit 12.1

REXFORD INDUSTRIAL REALTY, INC.

Statement of Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratios)

	Rexford Industrial Realty, Inc.									Rexford Industrial Realty, Inc. Predecessor
	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			Year ended December 31, 2011
Earnings
Add:
Gain (loss) from continuing operations before adjustment for income or loss from equity investees	$	1,857		$	(1,141	)	$	(1,102	)	$	(7,279	)	$	(8,436	)	$	(7,619	)
Fixed charges (see below)		9,361			6,534			1,791			9,415			16,950			17,535
Distributed income of equity investees		—			1,689			—			—			—			—
Subtract:
Capitalized interest		(754	)		(42	)		—			—			—			—
Earnings	$	10,464		$	7,040		$	689		$	2,136		$	8,514		$	9,916
Fixed Charges
Interest expense		8,453			6,400			1,763			9,395			16,875			17,466
Capitalized interest		754			42			—			—			—			—
Rental expense at computed interest factor(1)		154			92			28			20			75			69
Fixed charges	$	9,361		$	6,534		$	1,791		$	9,415		$	16,950		$	17,535
Consolidated ratio of earnings (loss) to fixed charges		1.12			1.08			0.38			0.23			0.50			0.57
Inadequate amount	$	—		$	—		$	(1,102	)	$	(7,279	)	$	(8,436	)	$	(7,619	)

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