Company: LXP
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000910108-25-000067
Chunk: 89

Company: LXP Industrial Trust
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 89
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 its exposure to interest rate movements and therefore manage its cash outflows as it relates to the underlying debt instruments. To accomplish these objectives, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy relating to certain of its variable rate debt instruments. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.The changes in the fair value of derivatives designated and that qualify as cash flow hedges are recorded in accumulated other comprehensive income (loss) and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The Company did not incur any ineffectiveness during the nine months ended September 30, 2025 and 2024.The following table summarizes the terms of our outstanding derivative financial instruments on the Company's balance sheet as of September 30, 2025 and December 31, 2024:Derivative TypeNumber of InstrumentsEffective DateMaturity DateNotional ValueFair Value of AssetSeptember 30, 2025December 31, 2024Term Loan Interest Rate Swap47/1/20221/31/2025$300,000 $— $678 Term Loan Interest Rate Swap51/31/20251/31/2027250,000 879 3,762 Trust Preferred Securities Interest Rate Swap210/30/202410/30/202782,500 179 1,694 $632,500 $1,058 $6,134 During the next 12 months, the Company estimates that an additional $1,236 will be reclassified as a decrease in interest expense if the swaps remain outstanding.

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Table of ContentsLXP INDUSTRIAL TRUST AND CONSOLIDATED SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSSeptember 30, 2025 and 2024(Unaudited and dollars in thousands, except share/unit and per share/unit data)

The table below presents the effect of the Company's derivative financial instruments on the unaudited Condensed Consolidated Statements of Operations for the nine months ended September 30, 2025 and 2024:Derivatives in Cash FlowAmount of Gain (Loss)Recognized in OCI on DerivativesSeptember 30,Amount of (Income) LossReclassified from Accumulated OCI into Income(