Company: LXP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000910108-25-000020
Chunk: 8

Company: LXP Industrial Trust
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 8
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,079)— (1,588)— — — Purchase of noncontrolling interest in consolidated joint venture(4,910)— — — — (3,396)— — (1,514)Forfeiture of employee common shares— — — (446,133)— — — — — Dividends/distributions ($0.13 per common share)(39,577)— — — — — (39,502)— (75)Net loss(555)— — — — — (269)— (286)Other comprehensive loss(1,101)— — — — — — (1,101)— Company's share of other comprehensive income of non-consolidated entities41 — — — — — — 41 — Balance March 31, 2024$2,220,514 1,935,400 $94,016 294,289,569 $29 $3,327,682 $(1,241,595)$8,423 $31,959 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 

6

LXP INDUSTRIAL TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited and in thousands)Three Months Ended March 31, 20252024Net cash provided by operating activities:$38,986 $38,916 Cash flows from investing activities:  Investment in real estate under construction(7,175)(24,195)Capital expenditures(2,963)(2,610)Insurance proceeds840 — Net proceeds from sale of real estate34,118 — Investments in non-consolidated entities(247)(609)Distributions from non-consolidated entities in excess of accumulated earnings— 855 Deferred leasing costs(1,361)(1,094)Change in real estate deposits, net(34)(43)Net cash provided by (used) in investing activities23,178 (27,696)Cash flows from financing activities:  Dividends to common and preferred shareholders(41,018)(39,540)Principal amortization payments(1,374)(1,325)Principal payments on debt, excluding normal amortization(50,000)—