Company: LXP
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001444838-25-000023
Chunk: 140

Company: LXP Industrial Trust
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 140
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 of useful life or term of related lease

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Table of ContentsLXP INDUSTRIAL TRUST AND SUBSIDIARIESReal Estate and Accumulated Depreciation and AmortizationSchedule III ($000) - continued

The initial cost includes the purchase price paid directly or indirectly by the Company. The total cost basis of the Company's properties at December 31, 2024 for federal income tax purposes was approximately $4.4 billion.    202420232022Reconciliation of real estate, at cost:Balance at the beginning of year$3,774,239 $3,691,066 $3,583,978 Additions during year564,602 164,489 229,962 Properties sold and impaired during the year(170,467)(174,466)(161,393)Other reclassifications7,920 93,150 38,519 Balance at end of year$4,176,294 $3,774,239 $3,691,066 Reconciliation of accumulated depreciation and amortization:Balance at the beginning of year$713,377 $627,027 $504,699 Depreciation and amortization expense159,997 147,617 144,163 Accumulated depreciation and amortization of properties sold and impaired during year(34,807)(100,474)(43,521)Other reclassifications(573)39,207 21,686 Balance at end of year$837,994 $713,377 $627,027 

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