Company: LXP
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000910108-25-000067
Chunk: 81

Company: LXP Industrial Trust
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 81
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ed-average common shares outstanding - diluted292,680,902 291,600,994 292,455,553 291,502,023 Net income attributable to common shareholders - per common share diluted$0.12 $0.02 $0.27 $0.02 

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

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 September 30,Nine Months Ended September 30, 2025202420252024Unvested participating securities6,729 — 6,254 — Preferred shares - Series C 4,710,570 4,710,570 4,710,570 4,710,570 

(3)Investments in Real Estate

The Company acquired the following warehouse facility during the third quarter ended September 30, 2025:Market (% owned)Initial Cost BasisPrimary LeaseExpiration DateLandBuilding and ImprovementsIn-place Lease IntangibleAtlanta, GA (100%)$30,022 09/30$4,838 $20,692 $4,492 Weighted-average life of intangible assets (years)4.6As of September 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 9/30/2025(1)LXP Amount Funded as of 9/30/2025(2)Estimated Base Building Completion Date% Leased as of 9/30/2025Redevelopment ProjectsOrlando (100.0%)(3)1Central FL