Company: LXP
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000910108-25-000067
Chunk: 21

Company: LXP Industrial Trust
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 21
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Net income (loss)9,859 — — — — — 11,503 — (1,644)Other comprehensive loss(6,902)— — — — — — (6,902)— Company's share of other comprehensive loss of nonconsolidated entities(63)— — — — — — (63)— Balance September 30, 2024$2,125,750 1,935,400 $94,016 294,486,892 $29 $3,312,336 $(1,309,046)$2,518 $25,897 

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements. 

7

LXP INDUSTRIAL TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited and in thousands)Nine Months Ended September 30, 20252024Net cash provided by operating activities:$146,776 $141,966 Cash flows from investing activities:  Acquisition of real estate, including intangible assets(30,013)(7,603)Investment in real estate under construction(20,465)(85,821)Capital expenditures(18,346)(11,454)Insurance proceeds5,309 — Net proceeds from sale of real estate265,590 42,489 Investments in non-consolidated entities(546)(1,216)Distributions from non-consolidated entities in excess of accumulated earnings3,900 2,615 Deferred leasing costs(2,366)(4,862)Maturity of held-to-maturity securities— 130,000 Change in real estate deposits, net(1,731)272 Net cash provided by in investing activities201,332 64,420 Cash flows from financing activities:  Dividends to common and preferred shareholders(123,182)(118,602)Principal amortization payments(4,158)(4,012)Principal payments on debt, excluding normal amortization(50,000)— Revolving credit facility borrowings— 15,000 Revolving credit facility payments— (15,000)Repurchase of trust preferred securities(26,725)— Repurchase of senior notes— (198,932)Cash contributions from noncontrolling interests