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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Gross revenues:        
Rental revenue $ 85,811 $ 84,549 $ 260,448 $ 254,524
Other revenue 1,091 1,021 3,036 3,083
Total gross revenues 86,902 85,570 263,484 257,607
Expense applicable to revenues:        
Depreciation and amortization (49,120) (48,387) (148,994) (144,243)
Property operating (15,346) (15,011) (48,350) (45,681)
General and administrative (9,325) (10,993) (29,345) (29,734)
Non-operating income 605 642 1,869 7,145
Interest and amortization expense (16,095) (16,037) (48,842) (50,624)
Gain on debt satisfaction, net 0 0 793 0
Transaction costs 0 0 (38) (498)
Change in allowance for credit loss 0 (42) 0 (51)
Gain on sale or disposal of, and recovery on, real estate, net 46,159 11,050 102,114 19,402
Gain on change in control of a subsidiary 0 0 0 209
Income before provision for income taxes and equity in losses of non-consolidated entities 43,780 6,792 92,691 13,532
Provision for income taxes (184) (21) (598) (229)
Equity in losses of non-consolidated entities (1,239) (1,158) (3,177) (3,444)
Net income 42,357 5,613 88,916 9,859
Net (income) loss attributable to noncontrolling interests (6,078) 733 (4,527) 1,644
Net income attributable to LXP Industrial Trust shareholders 36,279 6,346 84,389 11,503
Dividends attributable to preferred shares - Series C (1,573) (1,573) (4,718) (4,718)
Allocation to participating securities (90) (84) (326) (252)
Net income attributable to common shareholders, basic 34,616 4,689 79,345 6,533
Net income attributable to common shareholders, diluted $ 34,616 $ 4,689 $ 79,345 $ 6,533
Net income attributable to common shareholders – per common share basic (in dollars per share) $ 0.12 $ 0.02 $ 0.27 $ 0.02
Weighted-average common shares outstanding - basic (in shares) 292,030,570 291,529,849 291,870,814 291,407,853
Net income attributable to common shareholders - per common share diluted (in dollars per share) $ 0.12 $ 0.02 $ 0.27 $ 0.02
Weighted-average common shares outstanding – diluted (in shares) 292,680,902 291,600,994 292,455,553 291,502,023