Company: LXP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000910108-25-000041
Chunk: 17

Company: LXP Industrial Trust
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 17
---
,955 8,352 Gain on change in control of a subsidiary— 209 — 209 Income before provision for income taxes and equity in losses of non-consolidated entities29,554 5,889 48,911 6,740 Provision for income taxes(199)(83)(414)(208)Equity in losses of non-consolidated entities(958)(1,005)(1,938)(2,286)Net income28,397 4,801 46,559 4,246 Net loss attributable to noncontrolling interests735 625 1,551 911 Net income attributable to LXP Industrial Trust shareholders29,132 5,426 48,110 5,157 Dividends attributable to preferred shares - Series C(1,573)(1,573)(3,145)(3,145)Allocation to participating securities(109)(78)(236)(168)Net income attributable to common shareholders$27,450 $3,775 $44,729 $1,844     Net income attributable to common shareholders - per common share basic$0.09 $0.01 $0.15 $0.01 Weighted-average common shares outstanding - basic291,872,243 291,403,985 291,789,613 291,346,184 Net income attributable to common shareholders - per common share diluted$0.09 $0.01 $0.15 $0.01 Weighted-average common shares outstanding - diluted292,208,168 291,615,350 292,253,680 291,451,866 

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

4

Table of Content

LXP INDUSTRIAL TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited and in thousands)

Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Net income$28,397 $4,801 $46,559 $4,246 Other comprehensive income (loss):    Change in unrealized loss on interest rate swaps, net(1,329)(2,243)(4,518)(3,344)Company's share of other comprehensive income (loss) of non-consolidated