Company: LXP
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000910108-25-000067
Chunk: 85

Company: LXP Industrial Trust
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 85
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, 2025 and December 31, 2024: As of September 30, 2025As of December 31, 2024 Carrying AmountFair ValueCarrying AmountFair ValueLiabilities    Debt$1,490,765 $1,419,962 $1,570,010 $1,459,062 The fair value of the Company's debt is primarily estimated utilizing Level 3 inputs by using a discounted cash flow analysis, based upon estimates of market interest rates. The Company determines the fair value of its Senior Notes using market prices. The inputs used in determining the fair value of these notes are categorized as Level 1 due to the fact that the Company uses quoted market rates to value these instruments. However, the inputs used in determining the fair value could be categorized as Level 2 if trading volumes are low.Fair values cannot be determined with precision, may not be substantiated by comparison to quoted prices in active markets and may not be realized upon sale. Additionally, there are inherent uncertainties in any fair value measurement technique, and changes in the underlying assumptions used, including discount rates, liquidity risks and estimates of future cash flows, could significantly affect the fair value measurement amounts.Cash Equivalents, Restricted Cash, Accounts Receivable and Accounts Payable. The Company estimates that the fair value of cash equivalents, restricted cash, accounts receivable and accounts payable approximates carrying value due to the relatively short maturities of the instruments.

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Table of ContentsLXP INDUSTRIAL TRUST AND CONSOLIDATED SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSSeptember 30, 2025 and 2024(Unaudited and dollars in thousands, except share/unit and per share/unit data)

(6)Investments in Non-Consolidated Entities

Below is a schedule of the Company's investments in non-consolidated entities:Percentage Ownership atInvestment Balance as ofEquity in earnings (losses) of non-consolidated entitiesInvestmentSeptember 30, 2025September 30, 2025December 31, 2024Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024NNN MFG Cold JV L.P. ("MFG Cold JV")(1)20%$3,896 $10,428 $(2,577)$(2,903)NNN Office JV L.P. ("