Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 0

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
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<div align='center'>UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934 (Amendment No. )</div>

| Filed by the Registrant  ☒ | Filed by a Party other than the Registrant   ☐ |

<div align='center'>Check the appropriate box:</div>

| ☐ | Preliminary Proxy Statement |

| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |

| ☒ | Definitive Proxy Statement |

| ☐ | Definitive Additional Materials |

| ☐ | Soliciting Material under § 240.14a-12 |

<div align='center'>LXP INDUSTRIAL TRUST (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply):</div>

| ☒ | No fee required |

| ☐ | Fee paid previously with preliminary materials |

| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |

<div align='center'>515 N. Flagler Drive, Suite 408, West Palm Beach, FL 33401 (212) 692-7200 Dear Fellow Shareholders: LXP Industrial Trust (“LXP”) achieved excellent operating results in 2024 highlighted by strong leasing outcomes, attractive same-store NOI growth and new investment activity that added to our top markets. Our Sunbelt and lower Midwest markets have experienced more resilient industrial fundamentals relative to select coastal markets and are positioned to benefit from favorable long-term demographic trends, advanced manufacturing investment, business-friendly regulatory environments and logistics infrastructure. As a result, we believe our focused strategy has considerable potential to drive long-term earnings growth and value creation for our shareholders. Fiscal 2024 Highlights</div>

| ● | Leasing: Same-store NOI growth of 5.0% was largely driven by strong leasing outcomes. We leased 4.5 million square             
 feet, delivering excellent Base and Cash Base rental increases of approximately 46% and 40%, respectively, excluding one fixed 
 rate renewal and tenant amortization in one prior lease. Additionally, we increased our average annual escalator to 2