Company: LXP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000910108-25-000041
Chunk: 83

Company: LXP Industrial Trust
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 83
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 used in determining the fair value could be categorized as Level 2 if trading volumes are low.Fair values cannot be determined with precision, may not be substantiated by comparison to quoted prices in active markets and may not be realized upon sale. Additionally, there are inherent uncertainties in any fair value measurement technique, and changes in the underlying assumptions used, including discount rates, liquidity risks and estimates of future cash flows, could significantly affect the fair value measurement amounts.Cash Equivalents, Restricted Cash, Accounts Receivable and Accounts Payable. The Company estimates that the fair value of cash equivalents, restricted cash, accounts receivable and accounts payable approximates carrying value due to the relatively short maturity of the instruments.

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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)

(6)Investments in Non-Consolidated Entities

Below is a schedule of the Company's investments in non-consolidated entities:Percentage Ownership atInvestment Balance as ofEquity in earnings (losses) of non-consolidated entitiesInvestmentJune 30, 2025June 30, 2025December 31, 2024Six Months Ended June 30, 2025Six Months Ended June 30, 2024NNN MFG Cold JV L.P. ("MFG Cold JV")(1)20%$8,873 $10,428 $(1,538)$(1,986)NNN Office JV L.P. ("NNN JV")(2)20%14,980 15,189 (210)(74)Etna Park 70, LLC(3)90%9,871 9,732 (107)(134)Etna Park East LLC(4)90%2,381 2,360 (85)(92)Lombard Street Lots, LLC (5)44.1%2,311 2,309 2 — $38,416 $40,018 $(1,938)$(2,286)(1)    MFG Cold JV is a joint venture formed in 2021 that owns special purpose industrial properties formerly owned by the Company. (2)    NNN JV is a joint venture formed in 2018 that owns office