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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Gross revenues:      
Rental revenue $ 354,353 $ 334,220 $ 313,992
Other revenue 4,105 6,283 7,253
Total gross revenues 358,458 340,503 321,245
Expense applicable to revenues:      
Depreciation and amortization (192,863) (183,524) (180,567)
Property operating (60,513) (58,394) (54,870)
General and administrative (40,045) (36,334) (38,714)
Transaction costs (498) (4) (4,177)
Non-operating income 7,707 2,982 935
Interest and amortization expense (66,477) (46,389) (45,417)
Debt satisfaction losses, net 0 (132) (119)
Impairment charges 0 (16,490) (3,037)
Change in allowance for credit loss 61 32 (93)
Gains on sales of properties 39,848 33,010 59,094
Gain on change in control of a subsidiary 209 0 0
Selling profit from sales-type leases 0 0 47,059
Income before benefit (provision) for income taxes and equity in earnings (losses) of non-consolidated entities 45,887 35,260 101,339
Benefit (provision) for income taxes 127 (703) (1,102)
Equity in earnings (losses) of non-consolidated entities (3,179) 1,366 16,006
Net income 42,835 35,923 116,243
Less net (income) loss attributable to noncontrolling interests 1,699 (5,540) (2,460)
Net income attributable to LXP Industrial Trust shareholders 44,534 30,383 113,783
Dividends attributable to preferred shares - Series C (6,290) (6,290) (6,290)
Allocation to participating securities (322) (230) (186)
Net income attributable to common shareholders, basic 37,922 23,863 107,307
Net income attributable to common shareholders, diluted $ 37,922 $ 23,863 $ 107,307
Net income attributable to common shareholders - per common share basic (usd per share) $ 0.13 $ 0.08 $ 0.38
Weighted-average common shares outstanding - basic (in shares) 291,472,930 290,245,877 279,887,760
Net income attributable to common shareholders - per common share diluted (usd per share) $ 0.13 $ 0.08 $ 0.38
Weighted-average common shares outstanding - diluted (in shares) 291,559,993 291,193,514 282,473,458