Company: LXP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000910108-25-000041
Chunk: 87

Company: LXP Industrial Trust
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 87
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 sheet as of June 30, 2025 and December 31, 2024:Derivative TypeNumber of InstrumentsEffective DateMaturity DateNotional ValueFair Value of AssetJune 30, 2025December 31, 2024Term Loan Interest Rate Swap47/1/20221/31/2025$300,000 $— $678 Term Loan Interest Rate Swap51/31/20251/31/2027250,000 1,326 3,762 Trust Preferred Securities Interest Rate Swap210/30/202410/30/202782,500 290 1,694 $632,500 $1,616 $6,134 During the next 12 months, the Company estimates that an additional $1,953 will be reclassified as a decrease in interest expense if the swaps remain outstanding.

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Table of ContentsLXP INDUSTRIAL TRUST AND CONSOLIDATED SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSJune 30, 2025 and 2024(Unaudited and dollars in thousands, except share/unit and per share/unit data)

The table below presents the effect of the Company's derivative financial instruments on the unaudited Condensed Consolidated Statements of Operations for the six months ended June 30, 2025 and 2024:Derivatives in Cash FlowAmount of Gain (Loss)Recognized in OCI on DerivativesJune 30,Amount of (Income) LossReclassified from Accumulated OCI into Income(1)June 30,Hedging Relationships2025202420252024Interest Rate Swaps$(2,214)$2,279 $(2,304)$(5,623)The Company's share of non-consolidated entity's interest rate cap(43)220 26 (162)Total$(2,257)$2,499 $(2,278)$(5,785)(1)    Amounts reclassified from accumulated other comprehensive income (loss) for the Company's interest rate swaps are included in interest expense and for the Company's share of non-consolidated entity's interest rate cap are reclassified to Equity in earnings (losses) of non-consolidated entities within the unaudited Condensed Consolidated Statements of Operations.Total interest expense presented in the unaudited Condensed Consolidated Statements of Operations, in which the effects of cash flow hedges are recorded, was $