Company: LXP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000910108-25-000041
Chunk: 28

Company: LXP Industrial Trust
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 28
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, 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)    Excludes leasing costs, incomplete costs and developer incentive fees or partner promotes if any. (2)    Excludes noncontrolling interests' share.(3)    During the quarter ended June 30, 2025, the tenant vacated the building and the Company began redeveloping the property. (4)    During the quarter ended March 31, 2025, the tenant vacated the building, which is part of a four building integrated campus, and the Company began