Company: LXP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000910108-25-000041
Chunk: 79

Company: LXP Industrial Trust
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 79
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 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.

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Table of ContentsLXP INDUSTRIAL TRUST AND CONSOLIDATED SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSJune 30, 2025 and 2024(Unaudited and dollars in thousands, except share/unit and per share/unit data)

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 June 30,Six Months Ended June 30, 2025202420252024Unvested participating securities— — 6,017 — Preferred shares - Series C 4,710,570 4,710,570 4,710,570 4,710,570 

(3)Investments in Real Estate

As of June 30, 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 6/30/2025(1)LXP Amount Funded as of 6/30/2025(2)Estimated Base Building Completion Date% Leased as of 6/30/2025Redevelopment ProjectOrlando (100.0%)(3)1Central, FL350,990 $9,400 $14,303 $254 1Q 2026— %Richmond (100.0%)(4)1Richmond, VA252,351 3,700 11,244 201 1Q 2026— %Total Redevelopment Projects2603,341 $13,100 $25,547 $455 Land Infrastructure ImprovementsReems & Olive (95.5%)(5)N/APhoenix, AZN/A15,381 8,188 8,446 N/AN/ATotal2603,341 $28,481 $33,735 $8,901 (1)    Ex