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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Gross revenues:        
Rental revenue $ 86,744 $ 84,768 $ 174,637 $ 169,975
Other revenue 975 1,018 1,945 2,062
Total gross revenues 87,719 85,786 176,582 172,037
Expense applicable to revenues:        
Depreciation and amortization (49,362) (48,347) (99,874) (95,856)
Property operating (15,875) (15,482) (33,004) (30,670)
General and administrative (9,630) (9,248) (20,020) (18,741)
Non-operating income 744 2,734 1,264 6,503
Interest and amortization expense (16,467) (17,603) (32,747) (34,587)
Gain on debt satisfaction, net 1,143 0 793 0
Transaction costs (38) (498) (38) (498)
Change in allowance for credit loss 0 (14) 0 (9)
Gain on sale or disposal of, and recovery on, real estate, net 31,320 8,352 55,955 8,352
Gain on change in control of a subsidiary 0 209 0 209
Income before provision for income taxes and equity in losses of non-consolidated entities 29,554 5,889 48,911 6,740
Provision for income taxes (199) (83) (414) (208)
Equity in losses of non-consolidated entities (958) (1,005) (1,938) (2,286)
Net income 28,397 4,801 46,559 4,246
Net loss attributable to noncontrolling interests 735 625 1,551 911
Net income attributable to LXP Industrial Trust shareholders 29,132 5,426 48,110 5,157
Dividends attributable to preferred shares - Series C (1,573) (1,573) (3,145) (3,145)
Allocation to participating securities (109) (78) (236) (168)
Net income attributable to common shareholders, basic 27,450 3,775 44,729 1,844
Net income attributable to common shareholders, diluted $ 27,450 $ 3,775 $ 44,729 $ 1,844
Net income attributable to common shareholders – per common share basic (in dollars per share) $ 0.09 $ 0.01 $ 0.15 $ 0.01
Weighted-average number of common shares outstanding – basic (in shares) 291,872,243 291,403,985 291,789,613 291,346,184
Net income attributable to common shareholders - per common share diluted (in dollars per share) $ 0.09 $ 0.01 $ 0.15 $ 0.01
Weighted-average common shares outstanding – diluted (in shares) 292,208,168 291,615,350 292,253,680 291,451,866