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Craig Melman

Vice President and Equity Research Analyst at Citigroup Inc.

Craig Melman is a Vice President and Equity Research Analyst at Citi, specializing in Real Estate Investment Trusts (REITs) with coverage focused on major publicly traded property companies. He has provided in-depth analysis on firms such as Hudson Pacific Properties, and his research is valued by institutional clients for its rigor and insight, though detailed public performance metrics are limited. Prior to joining Citi, Melman served as an analyst at KeyBanc Capital Markets, where he contributed to REIT sector coverage, enhancing his credentials in equity research. Melman holds FINRA Series 7, 63, and 86/87 licenses, reflecting his compliant professional standing within the securities industry.

Craig Melman's questions to Rexford Industrial Realty (REXR) leadership

Question · Q3 2025

Craig Melman asked if the company's increased share buybacks and dispositions were influenced by discussions with Elliott, and how much could be sold without triggering a special dividend due to tax gains.

Answer

Michael Frankel, Co-Chief Executive Officer, confirmed constructive dialogue with Elliott but clarified that the buyback program was initiated almost a year ago, predating Elliott's rumored involvement. Howard Schwimmer, Co-Chief Executive Officer, emphasized dispositions as a growing part of their capital allocation strategy. Mike Fitzmaurice, Chief Financial Officer, stated no special dividend is expected in 2025, with further information for 2026 to be provided later.

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