Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 24

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 24
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| ■ | Phoenix, AZ leased land for ~$87 million |

| o | Acquired ~$165 million of target market assets in the Sunbelt |

| o | Committed to a ~$74 million built-to-suit with 
 a lease commencement in 2024                   |

| Operational Performance |

| ● | Achieved robust leasing volume with strong mark-to-market outcomes |

| o | Leased 4.5 million square feet |

| ■ | Increased Base and Cash Base rents by 46.5% and                                                       
 39.7%, respectively, with 3.6% average annual escalators (excluding tenant improvement reimbursements 
 and fixed renewals)2                                                                                  |

| ● | Increased same-store NOI |

| o | Same-store NOI growth of 5.0% |

| Balance Sheet Flexibility |

| ● | Capitalized on interest rate swap opportunities |

| o | Executed interest rate swaps for $330 million of indebtedness |

| ■ | 4.0% weighted-average pro forma interest rate3 |

| ■ | 97% of indebtedness fixed-rate/hedged for 2025 and 20263 |

| ● | Reduced leverage |

| o | 5.9x net debt to Adjusted EBITDA |

| Financial Performance |

| ● | Delivered strong financial results |

| o | Produced Net Income attributable to common shareholders 
 of $37.9 million, or $0.13 per diluted common share     |

| o | Produced Adjusted Company FFO of $189.4 million, 
 or $0.64 per diluted common share                |

| ● | Increased quarterly dividend |

| o | $0.02 annualized dividend increase authorized                   
 by Board of Trustees represents a 3.8% increase over prior year |

<div align='center'>1. As of 12/31/2024. See Appendix A for definitions and reconciliations of Non-GAAP financial measures. 2. For leases with escalations. 3. Proforma for interest rate swaps and $50.0 term loan paydown subsequent to year end.</div>

| 30 |

<div align='center'>Named Executive Officers. Our named executive officers are:</div>

| Name                | Title                                                                            |
| T. Wilson Eglin     | Chairman, Chief Executive Officer and President                                  |
| Nathan Brunner      | Executive Vice President, Chief Financial Officer and Treasurer                  |
| Beth Boulerice      | Executive Vice President and Former Chief Financial Officer                      |
|