Company: LXP
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001444838-25-000023
Chunk: 131

Company: LXP Industrial Trust
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 131
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Total $127 $(703)$(1,102)For the years ended December 31, 2024, 2023 and 2022, the “other” amount is comprised primarily of state franchise taxes (refunds) of $(50), $774 and $1,121, respectively.As of December 31, 2024 and 2023, the Company had estimated net operating loss carry forward for income tax reporting purposes of $789 and $423, respectively. A summary of the average taxable nature of the Company's common dividends for each of the years in the three-year period ended December 31, 2024, is as follows:202420232022Total dividends per share$0.52 $0.50 $0.48 Ordinary income55.65 %71.67 %81.26 %Qualifying dividend— %— %— %Capital gain41.58 %— %— %Return of capital2.77 %28.33 %18.74 %100.00 %100.00 %100.00 %

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Table of ContentsLXP INDUSTRIAL TRUST AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS($000, except share/unit data)

A summary of the average taxable nature of the Company's dividend on shares of its Series C Preferred for each of the years in the three-year period ended December 31, 2024, is as follows:202420232022Total dividends per share$3.25 $3.25 $3.25 Ordinary income57.23 %100.00 %100.00 %Qualifying dividend— %— %— %Capital gain42.77 %— %— %Return of capital— %— %— %100.00 %100.00 %100.00 %

(19)    Commitments and Contingencies

In addition to the commitments and contingencies disclosed elsewhere, the Company has the following commitments and contingencies.The Company is obligated under certain tenant leases, including its proportionate share for leases for non-consolidated entities, to fund the expansion of the underlying leased properties. The Company, under certain circumstances, may guarantee to tenants the completion of base building improvements and the payment of tenant improvement allowances and lease commissions on behalf of its subsidiaries. As of December 31,