Company: LXP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000910108-25-000020
Chunk: 9

Company: LXP Industrial Trust
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 9
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 Cash contributions from noncontrolling interests443 464 Cash distributions to noncontrolling interests(70)(75)Purchase of noncontrolling interests— (4,910)Issuance of common shares, net of costs and repurchases to settle tax obligations(1,041)(1,862)Net cash used in financing activities(93,060)(47,248)Change in cash, cash equivalents and restricted cash(30,896)(36,028)Cash, cash equivalents and restricted cash, at beginning of period102,073 199,463 Cash, cash equivalents and restricted cash, at end of period$71,177 $163,435 Reconciliation of cash, cash equivalents and restricted cash:Cash and cash equivalents at beginning of period$101,836 $199,247 Restricted cash at beginning of period237 216 Cash, cash equivalents and restricted cash at beginning of period$102,073 $199,463 Cash and cash equivalents at end of period$70,935 $163,213 Restricted cash at end of period242 222 Cash, cash equivalents and restricted cash at end of period$71,177 $163,435 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

7

LXP INDUSTRIAL TRUST AND CONSOLIDATED SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTINUED

(Unaudited and in thousands)

Three Months Ended March 31,20252024Supplemental disclosure of cash flow information:Interest paid $10,468 $10,799 Income taxes paid 224 128 Supplemental schedule of non-cash investing activities:Accounts payable related to Investment in real estate under construction$11,340 $35,631 Reclassification of Real estate, net to Investments in real estate under construction$10,844 $— 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

8

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)

The Company and Financial Statement PresentationLXP Industrial Trust (together with its consolidated subsidiaries, except when the context only applies to