Company: LXP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000910108-25-000041
Chunk: 27

Company: LXP Industrial Trust
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 27
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-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company. The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the three and six months ended June 30, 2025 and 2024: Three Months Ended June 30,Six Months Ended June 30, 2025202420252024BASIC  Net income attributable to common shareholders$27,450 $3,775 $44,729 $1,844 Weighted-average number of common shares outstanding - basic291,872,243 291,403,985 291,789,613 291,346,184 Net income attributable to common shareholders - per common share basic$0.09 $0.01 $0.15 $0.01 DILUTEDNet income attributable to common shareholders - basic$27,450 $3,775 $44,729 $1,844 Weighted-average common shares outstanding - basic291,872,243 291,403,985 291,789,613 291,346,184 Effect of dilutive securities:Unvested share-based payment awards335,925 211,365 464,067 105,682 Weighted-average common shares outstanding - diluted292,208,168 291,615,350 292,253,680 291,451,866 Net income attributable to common shareholders - per common share diluted$0.09 $0.01 $0.15 $0.01 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.

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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