LXP Industrial Trust
For the period ended Jun 30, 2025. Filed Jul 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 30, 2025
LXP$61.18+0.0%Stored close · as of Oct 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 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 | — | 793 | — |
| Transaction costs | (38) | (498) | (38) | (498) |
| Change in allowance for credit loss | — | (14) | — | (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 | — | 209 | — | 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 | $27,450 | $3,775 | $44,729 | $1,844 |
| Net income attributable to common shareholders - per common share basic | $0.09 | $0.01 | $0.15 | $0.01 |
| Weighted-average common shares outstanding - basic | 291,872,243 | 291,403,985 | 291,789,613 | 291,346,184 |
| Net income attributable to common shareholders - per common share diluted | $0.09 | $0.01 | $0.15 | $0.01 |
| Weighted-average common shares outstanding - diluted | 292,208,168 | 291,615,350 | 292,253,680 | 291,451,866 |
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