Company: LXP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000910108-25-000041
Chunk: 33

Company: LXP Industrial Trust
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 33
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 non-consolidated entities for services related to acquisitions and asset management. Advisory fees earned from these non-consolidated investments for the six months ended June 30, 2025 and 2024 were $1,945 and $2,062, respectively.

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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)

(7)Debt

The Company had the following debt obligations outstanding as of June 30, 2025 and December 31, 2024:June 30, 2025December 31, 2024Interest RateMaturity DateSECURED DEBT:Mortgages:Goodyear, AZ$39,018 $39,418 4.290 %(1)August 2031Long Island City, NY13,737 16,097 3.500 %(1)March 2028Principal balance outstanding52,755 55,515 Unamortized debt issuance costs(495)(585)Total Mortgages and notes payable, net$52,260 $54,930 UNSECURED DEBT:Term Loan$250,000 $300,000 SOFR + 1.10%(2)(3)January 20272023 Senior Notes300,000 300,000 6.750 %November 20282020 Senior Notes400,000 400,000 2.700 %September 20302021 Senior Notes400,000 400,000 2.375 %October 2031Trust Preferred Securities 100,995 129,120  Three Month SOFR + 1.96%(4)(5)April 2037Principal balance outstanding$1,450,995 $1,529,120 Unamortized debt discount(3,358)(3,731)Unamortized debt issuance costs(8,537)(10,309)Total unsecured debt, net$1,439,100 $1,515,080 Total debt obligations$1,491,360 $1,570,010 (1)    The weighted-average interest rate at June 30, 2025 and December 31, 2024 was approximately 4.1%.(