Company: LXP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000910108-25-000041
Chunk: 16

Company: LXP Industrial Trust
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 16
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1,935,400 shares issued and outstanding94,016 94,016 Common shares, par value $0.0001 per share; authorized 600,000,000 shares, 295,756,383 and 294,499,790 shares issued and outstanding in 2025 and 2024, respectively30 29 Additional paid-in-capital3,320,069 3,315,104 Accumulated distributions in excess of net income(1,351,361)(1,316,993)Accumulated other comprehensive income1,601 6,136 Total shareholders’ equity2,064,355 2,098,292 Noncontrolling interests21,819 22,491 Total equity2,086,174 2,120,783 Total liabilities and equity$3,717,130 $3,843,312 

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

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Table of Content

LXP INDUSTRIAL TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited and in thousands, except share and per share data)

Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Gross revenues:    Rental revenue$86,744 $84,768 $174,637 $169,975 Other revenue975 1,018 1,945 2,062 Total gross revenues87,719 85,786 176,582 172,037 Expense applicable to revenues:    Depreciation and amortization(49,362)(48,347)(99,874)(95,856)Property operating(15,875)(15,482)(33,004)(30,670)General and administrative(9,630)(9,248)(20,020)(18,741)Non-operating income744 2,734 1,264 6,503 Interest and amortization expense(16,467)(17,603)(32,747)(34,587)Gain on debt satisfaction, net1,143 — 793 — Transaction costs(38)(498)(38)(498)Change in allowance for credit loss— (14)— (9)Gain on sale or disposal of, and recovery on, real estate, net31,320 8,352 55