Company: LXP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000910108-25-000020
Chunk: 6

Company: LXP Industrial Trust
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 6
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idends attributable to preferred shares - Series C(1,572)(1,572)Allocation to participating securities(127)(90)Net income (loss) attributable to common shareholders$17,279 $(1,931)  Net income (loss) attributable to common shareholders - per common share basic$0.06 $(0.01)Weighted-average common shares outstanding - basic291,706,064 291,288,383 Net income (loss) attributable to common shareholders - per common share diluted$0.06 $(0.01)Weighted-average common shares outstanding - diluted292,298,271 291,288,383 

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

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Table of Content

LXP INDUSTRIAL TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited and in thousands)

Three Months Ended March 31, 20252024Net income (loss)$18,162 $(555)Other comprehensive income (loss):  Change in unrealized loss on interest rate swaps, net(3,189)(1,101)Company's share of other comprehensive income (loss) of non-consolidated entities(21)41 Other comprehensive loss(3,210)(1,060)Comprehensive income (loss)14,952 (1,615)Comprehensive loss attributable to noncontrolling interests816 286 Comprehensive income (loss) attributable to LXP Industrial Trust shareholders$15,768 $(1,329)

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

5

LXP INDUSTRIAL TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(Unaudited and in thousands, except share and per share data)LXP Industrial Trust ShareholdersThree Months Ended March 31, 2025TotalNumber of Preferred SharesPreferred SharesNumber of Common SharesCommon SharesAdditional Paid-in-CapitalAccumulated Distributions in Excess of Net IncomeAccumulated Other Comprehensive Income/(Loss)Noncontrolling InterestsBalance December 31, 2024$2,120,783 1,935,400 $94,016 294,499,790 $29 $3,315,104 $(1,316,