Company: LXP
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000910108-25-000067
Chunk: 82

Company: LXP Industrial Trust
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 82
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350,990 $9,400 $15,199 $878 1Q 2026— %Richmond (100.0%)(4)1Richmond, VA252,351 3,800 11,734 504 1Q 2026— %Total Redevelopment Projects2603,341 $13,200 $26,933 $1,382 Land Infrastructure ImprovementsReems & Olive (95.5%)(5)N/APhoenix, AZN/A16,250 10,977 12,445 N/AN/ATotal2603,341 $29,450 $37,910 $13,827 (1)    Excludes leasing costs, incomplete costs and developer incentive fees or partner promotes if any. (2)    Excludes noncontrolling interests' share.(3)    During the quarter ended June 30, 2025, the tenant vacated the building and the Company began redeveloping the property. (4)    During the quarter ended March 31, 2025, the tenant vacated the building, which is part of a four building integrated campus, and the Company began redeveloping the property into a standalone warehouse and distribution facility.(5)    Represents infrastructure development costs to prepare the land for vertical development.

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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)

As of September 30, 2025, the Company's aggregate investment in the ongoing development arrangements was $37,910. This amount included capitalized interest of $103 for the nine months ended September 30, 2025 and is presented as Investments in real estate under construction in the accompanying unaudited Condensed Consolidated Balance Sheet. For the nine months ended September 30, 2024, capitalized interest for development arrangements was $643.As of September 30, 2025, the details of the land held for industrial development are as follows (in $000's, except acres):Project (% owned)MarketApprox. Developable AcresGAAP Investment Balance as of 9/30/2025LXP Amount Funded as of9/30/2025(1