Company: LXP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000910108-25-000020
Chunk: 21

Company: LXP Industrial Trust
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 21
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 cash flow hedges is recorded in accumulated other comprehensive income (loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The Company did not incur any ineffectiveness during the three months ended March 31, 2025 and 2024.The following table summarizes the terms of our outstanding derivative financial instruments on the Company's balance sheet as of March 31, 2025 and December 31, 2024:Derivative TypeNumber of InstrumentsEffective DateMaturity DateNotional ValueFair Value of AssetMarch 31, 2025December 31, 2024Term Loan Interest Rate Swap47/1/20221/31/2025$300,000 $— $678 Term Loan Interest Rate Swap51/31/20251/31/2027250,000 2,163 3,762 Trust Preferred Securities Interest Rate Swap210/30/202410/30/202782,500 781 1,694 $632,500 $2,944 $6,134 During the next 12 months, the Company estimates that an additional $2,291 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 STATEMENTSMarch 31, 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 three months ended March 31, 2025 and 2024:Derivatives in Cash FlowAmount of GainRecognized in OCI on DerivativesMarch 31,Amount of (Income) LossReclassified from Accumulated OCI into Income(1)March 31,Hedging Relationships2025202420252024Interest Rate Swaps$(1,804)$1,715 $(1,385)$(2,816)The Company's share of non-consolidated entity's interest rate cap(37)147 16 (106)Total$(1,841)$1,862 $(1,369)$(2,922)(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