Company: LXP
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000910108-25-000067
Chunk: 103

Company: LXP Industrial Trust
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 103
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urchase any common shares during the nine months ended September 30, 2025 and 2024. As of September 30, 2025, 6.9 million common shares remained available for repurchase under this authorization. 

From time to time, we may repurchase certain of our outstanding debt securities, including our Trust Preferred Securities, in negotiated and/or market transactions. During the nine months ended September 30, 2025, we repurchased $28.1 million of our Trust Preferred Securities at a 5.0% discount to par value.

Dividends. Dividends paid to our common and preferred shareholders were $123.2 million and $118.6 million in the nine months ended September 30, 2025 and 2024, respectively. 

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We declared a quarterly dividend of $0.135 per common share for the three months ended September 30, 2025, which is an increase of $0.005 per common share from the $0.13 per common share quarterly dividend declared during the three months ended September 30, 2024.

Financings. The following presents our outstanding unsecured debt obligations as of September 30, 2025:

September 30, 2025Interest RateMaturity DateIssue PriceTerm Loan$250.0 SOFR + 1.10%(1)(2)January 2027— Senior Notes due 2028300.0 6.750 %(3)November 202899.423 %Senior Notes due 2030400.0 2.700 %September 203099.233 %Senior Notes due 2031400.0 2.375 %October 203199.758 %Trust Preferred Securities 101.0  Three Month SOFR + 1.96%(4)(5)April 2037— Total unsecured debt$1,451.0 

(1)    Spread includes a 0.10% daily SOFR adjustment. 

(2)    Repaid $50.0 million of the Term Loan, resulting in a loss on debt satisfaction of $0.4 million. The SOFR portion of the interest rate was swapped for a fixed interest rate of 4.31% per annum until January 31, 2027. 

(3)    Subsequent to September 30, 2025, we completed a cash tender offer to repay $140.0 million of