Company: LXP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000910108-25-000041
Chunk: 57

Company: LXP Industrial Trust
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 57
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 - diluted48,380 46,469 94,441 95,272 Allowance for credit losses— 14 — 9 Transaction costs, including our share of non-consolidated entities(1)38 518 38 518 (Gain) loss on debt satisfaction, net, including our share of non-consolidated entities(1,143)3 (793)3 Noncontrolling interest adjustments— (100)— (100)Adjusted Company FFO available to all equityholders - diluted$47,275 $46,904 $93,686 $95,702 

Per Common Share AmountsBasic:FFO$0.16 $0.15 $0.31 $0.32 Diluted:    FFO$0.16 $0.16 $0.32 $0.32 Adjusted Company FFO$0.16 $0.16 $0.32 $0.32 

Weighted-Average Common Shares:Basic:Weighted-average common shares outstanding - basic EPS291,872,243 291,403,985 291,789,613 291,346,184 Diluted:Weighted-average common shares outstanding - diluted EPS292,208,168 291,615,350 292,253,680 291,451,866 Preferred shares - Series C4,710,570 4,710,570 4,710,570 4,710,570 Weighted-average common shares outstanding - diluted FFO296,918,738 296,325,920 296,964,250 296,162,436 

(1) Transaction costs, including costs associated with terminated investments, such as non-refundable deposits and legal fees.

33

Off-Balance Sheet Arrangements

As of June 30, 2025, we had investments in various real estate entities with varying structures. The real estate investments owned by our institutional joint ventures are generally financed with non-recourse debt. Non-recourse debt is generally defined as debt whereby the lenders' sole recourse with respect to borrower defaults is limited to the value of the assets collateralized by the debt. The lender generally does not have recourse against any other assets owned by the borrower or any of the members or partners of the borrower, except for certain specified exceptions listed in the particular loan documents. These exceptions generally relate to “bad boy”