Company: LXP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000910108-25-000020
Chunk: 57

Company: LXP Industrial Trust
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 57
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,288,383  Net income (loss) attributable to common shareholders - per common share basic$0.06 $(0.01)DILUTEDNet income (loss) attributable to common shareholders - basic$17,279 $(1,931)Weighted-average common shares outstanding - basic291,706,064 291,288,383 Effect of dilutive securities:Unvested share-based payment awards592,207 — Weighted-average common shares outstanding - diluted292,298,271 291,288,383 Net income (loss) attributable to common shareholders - per common share diluted$0.06 $(0.01)For amounts per common share, generally all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods.Calculation of dilutive earnings requires certain potentially dilutive shares to be excluded when the inclusion of such shares would be anti-dilutive. The following table summarizes the potentially dilutive shares excluded from the dilutive earnings per share calculation as the inclusion of such shares would be anti-dilutive:  Three Months Ended March 31, 20252024Preferred shares - Series C 4,710,570 4,710,570 

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Table of ContentsLXP INDUSTRIAL TRUST AND CONSOLIDATED SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSMarch 31, 2025 and 2024(Unaudited and dollars in thousands, except share/unit and per share/unit data)

(3)Investments in Real Estate

As of March 31, 2025, the details of the development arrangements outstanding are as follows (in $000's, except square feet): Project (% owned)# of BuildingsMarketEstimated Sq. Ft. Estimated Project CostGAAP Investment Balance as of 3/31/2025(1)LXP Amount Funded as of 3/31/2025(2)Estimated Base Building Completion Date% Leased as of 3/31/2025Redevelopment ProjectRichmond (100%)(3)1Richmond, VA252,351 $4,700 $11,119 $— 1Q 2026— %Land Infrastructure ImprovementsReems & Olive (95.5%)(4)N/APhoenix, AZN/A