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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Gross revenues:        
Rental revenue $ 87,141 $ 86,744 $ 172,117 $ 174,637
Other revenue 969 975 1,941 1,945
Total gross revenues 88,110 87,719 174,058 176,582
Expense applicable to revenues:        
Depreciation and amortization (48,056) (49,362) (95,041) (99,874)
Property operating (16,174) (15,875) (32,909) (33,004)
General and administrative (9,714) (9,630) (19,968) (20,020)
Non-operating income 472 744 2,007 1,264
Interest and amortization expense (13,250) (16,467) (26,467) (32,747)
Gain (loss) on debt satisfaction, net 0 1,143 (299) 793
Transaction costs 0 (38) (15) (38)
Gain (loss) on sale or disposal of, and recovery on, real estate, net (79) 31,320 2,225 55,955
Income before provision for income taxes and equity in losses of non-consolidated entities 1,309 29,554 3,591 48,911
Provision for income taxes (164) (199) (300) (414)
Equity in losses of non-consolidated entities (1,153) (958) (3,590) (1,938)
Net income (loss) (8) 28,397 (299) 46,559
Net loss attributable to noncontrolling interests 63 735 115 1,551
Net income (loss) attributable to LXP Industrial Trust shareholders 55 29,132 (184) 48,110
Dividends attributable to preferred shares - Series C (1,573) (1,573) (3,145) (3,145)
Allocation to participating securities (112) (109) (243) (236)
Net income (loss) attributable to common shareholders, basic (1,630) 27,450 (3,572) 44,729
Net income (loss) attributable to common shareholders, diluted $ (1,630) $ 27,450 $ (3,572) $ 44,729
Net income (loss) attributable to common shareholders – per common share basic (in dollars per share) $ (0.03) $ 0.47 $ (0.06) $ 0.77
Weighted-average common shares outstanding - basic (in shares) 58,094,324 58,374,448 58,128,487 58,357,922
Net income (loss) attributable to common shareholders - per common share diluted (in dollars per share) $ (0.03) $ 0.47 $ (0.06) $ 0.77
Weighted-average common shares outstanding – diluted (in shares) 58,094,324 58,441,633 58,128,487 58,450,736