Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 5

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 5
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�              Rent escalators trending up with 2.8% average annual escalators9                                                                                                                                          |
| Strong balance sheet with clear path to low/mid 5x Net Debt to Adjusted EBITDA over time; flexibility to selectively pursue investment opportunities in target markets, including BTS development on owned land bank sites |

<div align='center'>1. As of 12/31/2024. 2. Based on ABR. 3. Based on square footage utilizing Costar data. 4. Credit ratings are not recommendations to buy, sell or hold any security. LXP does not take any obligation to maintain the ratings or to advise of any changes to the rating. 5. Weightings based on square footage, excluding land parcels. 6. LXP’s top 12 markets vs. national average. 7. Aggregate announced manufacturing investment in LXP’s top 12 markets as of August 2024 per Newmark research. Includes relevant projects in MSAs or CMSAs. 8. Based on independent third-party broker data and current renewal discussions for leases expiring through 2030. 9. Average Annual Rental Escalation based on next step rent percentage. Excludes escalating leases after last escalation.</div>

| 4 |

| LXP                     
 Proxy Statement Summary |

<div align='center'>BOARD OF TRUSTEES</div>

| Board Member        | Trustee 
   Since | Primary                 
 Occupation              | Key Skills /                                                                                                                                                                                                                                                            
 Qualifications                                                                                                                                                                                                                                                          | Committees/                                     
 Independent                                     
 Trustees                                        |
| T. Wilson Eglin     |    1994 | Chairman, CEO and       
 President               | Over 35 years of experience in commercial real estate investment and corporate finance, including experience in net-lease and industrial investing, real estate operations and capital markets. Has led LXP through portfolio transitions and various cycles of growth. |                                                 |
| Jamie Handwerker    |    2017 | Partner, KSH Capital    | Over 40 years of experience in commercial real estate,                                                                                                                                                                                                                  
 including through sell-side research, hedge funds and direct investments.                                                                                                                                                                                               | ●                 Audit and Cyber Risk          
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