Company: LXP
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001444838-25-000023
Chunk: 121

Company: LXP Industrial Trust
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 121
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186 and $3,236 as of December 31, 2024 and 2023, respectively.The Company was compliant with all applicable financial covenants contained in its corporate-level debt agreements at December 31, 2024.Mortgages payable and secured loans are generally collateralized by real estate and the related leases. Certain mortgages payable have yield maintenance or defeasance requirements relating to any prepayments.Scheduled principal and balloon payments for mortgages, notes payable and term loan for the next five years and thereafter are as follows:Year ending December 31,Total2025$5,570 20265,773 2027305,984 20282,223 2029960 Thereafter35,005 355,515 Unamortized debt issuance costs(2,771)$352,744 In addition, the Company capitalized $3,884, $11,059 and $7,235 of interest expense for the years ended 2024, 2023 and 2022, respectively. Of these amounts, $54 and $8,134 of capitalized interest was recognized related to development projects under construction at December 31, 2024 and 2023, respectively, and are included in investments in real estate under construction on the consolidated balance sheets.

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Table of ContentsLXP INDUSTRIAL TRUST AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS($000, except share/unit data)

(11)     Senior Notes, Convertible Notes and Trust Preferred Securities

The Company had the following Senior Notes outstanding as of December 31, 2024 and 2023:Issue DateDecember 31, 2024December 31, 2023Interest RateMaturity DateIssue PriceMay 2014$— $198,932 4.400 %June 202499.883 %November 2023300,000 300,000 6.750 %November 202899.423 %August 2020400,000 400,000 2.700 %September 203099.233 %August 2021400,000 400,000 2.375 %October 203199.758 %1,100,000 1,298,932 Unamortized debt discount(3,731)(4,489)Unamortized debt issuance cost(6,896)(8,298)$1,089,373 $1