Company: LXP
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001444838-25-000023
Chunk: 57

Company: LXP Industrial Trust
Filing Date: 2025-02-13
Form: 10-K
Item: Item 5
Chunk 57
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Item 5. Market For Registrant's Common Equity, Related Stockholder Matters And Issuer Purchases of Equity Securities

Market Information. Our common shares are listed for trading on the NYSE under the symbol “LXP”. 

Holders. As of February 12, 2025, we had 2,058 common shareholders of record.

Dividends. Since our predecessor's formation in 1993, we have made quarterly distributions without interruption.

While we intend to continue paying regular quarterly dividends to holders of our common shares, the authorization of future dividend declarations will be at the discretion of our Board of Trustees and will depend on our actual cash flow, our financial condition, capital requirements, the annual distribution requirements under the REIT provisions of the Code and such other factors as our Board of Trustees deems relevant. The actual cash flow available to pay dividends will be affected by a number of factors, including, among others, the risks discussed under “Risk Factors” in Part I, Item 1A and “Management's Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of this Annual Report.

We do not believe that the financial covenants contained in our debt instruments will have any adverse impact on our ability to pay dividends in the normal course of business to our common and preferred shareholders or to distribute amounts necessary to maintain our qualification as a REIT.

Equity Compensation Plan Information. The following table sets forth certain information, as of December 31, 2024, with respect to our 2022 Equity-Based Award Plan under which our equity securities are authorized for issuance as compensation.

Number of securities to be issued upon exercise of outstanding options, warrants and rights   Weighted-averageexercise price of outstanding options, warrants and rightsNumber of securitiesremaining available for future issuance under equity  compensation plans (excluding securities  reflected in column (a))Plan Category(a)(b)(c)Equity compensation plans approved by security holders— $— 1,784,563 Equity compensation plans not approved by security holders— — — Total— $— 1,784,563 

Recent Sales of Unregistered Securities.

We did not issue any common shares during 2024 on an unregistered basis.

Share Repurchase Program.

There were no common share repurchases during the quarter and year ended December 31, 2024 under our share repurchase authorization most recently announced on August 4, 2022, which has no expiration date.