Company: LXP
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001444838-25-000023
Chunk: 87

Company: LXP Industrial Trust
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 87
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 in excess of net income (1,316,993)(1,201,824)Accumulated other comprehensive income6,136 9,483 Total shareholders’ equity2,098,292 2,232,087 Noncontrolling interests22,491 33,370 Total equity2,120,783 2,265,457 Total liabilities and equity$3,843,312 $4,192,775 

The accompanying notes are an integral part of these consolidated financial statements.

54

LXP INDUSTRIAL TRUST AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS($000, except share and per share data)Years ended December 31, 202420232022Gross revenues:   Rental revenue $354,353 $334,220 $313,992 Other revenue4,105 6,283 7,253 Total gross revenues358,458 340,503 321,245 Expense applicable to revenues:Depreciation and amortization(192,863)(183,524)(180,567)Property operating(60,513)(58,394)(54,870)General and administrative(40,045)(36,334)(38,714)Transaction costs(498)(4)(4,177)Non-operating income7,707 2,982 935 Interest and amortization expense(66,477)(46,389)(45,417)Debt satisfaction losses, net— (132)(119)Impairment charges— (16,490)(3,037)Change in allowance for credit loss61 32 (93)Gains on sales of properties39,848 33,010 59,094 Gain on change in control of a subsidiary209 — — Selling profit from sales-type leases— — 47,059 Income before benefit (provision) for income taxes and equity in earnings (losses) of non-consolidated entities45,887 35,260 101,339 Benefit (provision) for income taxes127 (703)(1,102)Equity in earnings (losses) of non-consolidated entities(3,179)1,366 16,006 Net income42,835 35,923 116,243 Less net (income) loss attributable to noncontrolling interests1,699 (5,540)(2,460)Net income