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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Gross revenues:      
Rental revenue $ 346,140 $ 354,353 $ 334,220
Other revenue 4,088 4,105 6,283
Total gross revenues 350,228 358,458 340,503
Expense applicable to revenues:      
Depreciation and amortization (196,615) (192,863) (183,524)
Property operating (64,395) (60,513) (58,394)
General and administrative (40,053) (40,045) (36,334)
Non-operating income 2,832 7,707 2,982
Interest and amortization expense (62,923) (66,477) (46,389)
Loss on debt satisfaction, net (11,809) 0 (132)
Transaction costs (178) (498) (4)
Impairment charges 0 0 (16,490)
Change in allowance for credit loss 0 61 32
Gain on sale or disposal of, and recovery on, real estate, net 145,627 39,848 33,010
Gain on change in control of a subsidiary 0 209 0
Income before benefit (provision) for income taxes and equity in income (losses) of non-consolidated entities 122,714 45,887 35,260
Benefit (provision) for income taxes (699) 127 (703)
Equity in (earnings) losses of non-consolidated entities (4,405) (3,179) 1,366
Net income 117,610 42,835 35,923
Net (income) loss attributable to noncontrolling interests (4,450) 1,699 (5,540)
Net income attributable to LXP Industrial Trust shareholders 113,160 44,534 30,383
Dividends attributable to preferred shares - Series C (6,290) (6,290) (6,290)
Allocation to participating securities (401) (322) (230)
Net income attributable to common shareholders, basic [1] 106,469 37,922 23,863
Net income attributable to common shareholders, diluted [1] $ 106,469 $ 37,922 $ 23,863
Net income attributable to common shareholders - per common share basic (usd per share) [1] $ 1.82 $ 0.65 $ 0.41
Weighted-average common shares outstanding - basic (in shares) [1] 58,384,896 58,294,586 58,049,175
Net income attributable to common shareholders - per common share diluted (usd per share) [1] $ 1.82 $ 0.65 $ 0.41
Weighted-average common shares outstanding - diluted (in shares) [1] 58,565,565 58,311,998 58,238,702
[1]
Common share and per common share data have been adjusted for all periods presented to reflect the Reverse Split effective November 10, 2025. See Note 2 Summary of Significant Accounting Policies.