Company: LXP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000910108-25-000041
Chunk: 36

Company: LXP Industrial Trust
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 36
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326 3,762 Trust Preferred Securities Interest Rate Swap210/30/202410/30/202782,500 290 1,694 $632,500 $1,616 $6,134 During the next 12 months, the Company estimates that an additional $1,953 will be reclassified as a decrease in interest expense if the swaps remain outstanding.

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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, except share/unit and per share/unit data)

The table below presents the effect of the Company's derivative financial instruments on the unaudited Condensed Consolidated Statements of Operations for the six months ended June 30, 2025 and 2024:Derivatives in Cash FlowAmount of Gain (Loss)Recognized in OCI on DerivativesJune 30,Amount of (Income) LossReclassified from Accumulated OCI into Income(1)June 30,Hedging Relationships2025202420252024Interest Rate Swaps$(2,214)$2,279 $(2,304)$(5,623)The Company's share of non-consolidated entity's interest rate cap(43)220 26 (162)Total$(2,257)$2,499 $(2,278)$(5,785)(1)    Amounts reclassified from accumulated other comprehensive income (loss) for the Company's interest rate swaps are included in interest expense and for the Company's share of non-consolidated entity's interest rate cap are reclassified to Equity in earnings (losses) of non-consolidated entities within the unaudited Condensed Consolidated Statements of Operations.Total interest expense presented in the unaudited Condensed Consolidated Statements of Operations, in which the effects of cash flow hedges are recorded, was $32,747 and $34,587 for the six months ended June 30, 2025 and 2024, respectively.

The Company's agreements with the swap derivative counterparties contain provisions whereby if the Company defaults on the underlying indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default of the swap derivative obligation. As of June 30, 2025, the Company had not posted any collateral related to