Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 2

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 2
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 our outstanding shares as of December 31, 2024. Topics of conversation focused on business and market updates, investment strategy, growth initiatives, board composition, succession planning, corporate governance, and executive compensation. On a Path to Sustainable Growth We focus our investment strategy on Class A, modern bulk logistics industrial facilities that operate primarily in 12 markets across the Sunbelt and lower Midwest, with the goal of providing a higher-quality and consistent stream of income and capital appreciation. Key objectives for 2025 are resolving our remaining vacancies and producing strong mark-to-market outcomes for lease expirations. Success on these items, coupled with our 2.8% average annual rental escalations, will increase EBITDA and drive our leverage down over time. On behalf of the Board of Trustees, we thank you for your interest in LXP and support on the matters contained in this proxy statement. Sincerely,</div>

| Jamie Handwerker         
 Lead Independent Trustee | T. Wilson Eglin  
 Chairman and CEO |

| NOTICE                                 
 OF 2025 ANNUAL MEETING OF SHAREHOLDERS | WHEN: Tuesday,                                                  
 May 27, 2025, 2:00 p.m. Eastern Time                            |
|:---------------------------------------|:----------------------------------------------------------------|
|                                        | WHERE: Virtually via the Internet at www.meetnow.global/MNJLC92 |

<div align='center'>To the Shareholders of LXP Industrial Trust: The 2025 Annual Meeting of Shareholders of LXP Industrial Trust, a Maryland real estate investment trust, will be held on Tuesday, May 27, 2025, at 2:00 p.m., Eastern time, virtually via the Internet at www.meetnow.global/MNJLC92for the following purposes:</div>

| (1) | to elect eight trustees to serve until the 2026 Annual Meeting of Shareholders or their earlier removal 
 or resignation and until their respective successors, if any, are elected and qualify;                  |

| (2) | to consider and vote upon an advisory, non-binding resolution to approve the compensation of the named 
 executive officers, as disclosed in the accompanying proxy statement;                                  |

| (3) | to consider and vote upon a proposal to approve an amendment to the LXP Industrial Trust 2022 Equity-Based 
 Award Plan to increase the number of shares available for issuance thereunder by 5,000,000 common shares;  |

| (4) | to consider and vote upon the ratification of the appointment of Del