LXP Industrial Trust
For the period ended Sep 30, 2025. Filed Oct 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.
Sep 30, 2025 · Filed Oct 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 Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Net cash provided by operating activities: | $146,776 | $141,966 |
| Cash flows from investing activities: | ||
| Acquisition of real estate, including intangible assets | (30,013) | (7,603) |
| Investment in real estate under construction | (20,465) | (85,821) |
| Capital expenditures | (18,346) | (11,454) |
| Insurance proceeds | 5,309 | — |
| Net proceeds from sale of real estate | 265,590 | 42,489 |
| Investments in non-consolidated entities | (546) | (1,216) |
| Distributions from non-consolidated entities in excess of accumulated earnings | 3,900 | 2,615 |
| Deferred leasing costs | (2,366) | (4,862) |
| Maturity of held-to-maturity securities | — | 130,000 |
| Change in real estate deposits, net | (1,731) | 272 |
| Net cash provided by in investing activities | 201,332 | 64,420 |
| Cash flows from financing activities: | ||
| Dividends to common and preferred shareholders | (123,182) | (118,602) |
| Principal amortization payments | (4,158) | (4,012) |
| Principal payments on debt, excluding normal amortization | (50,000) | — |
| Revolving credit facility borrowings | — | 15,000 |
| Revolving credit facility payments | — | (15,000) |
| Repurchase of trust preferred securities | (26,725) | — |
| Repurchase of senior notes | — | (198,932) |
| Cash contributions from noncontrolling interests | 1,659 | 1,054 |
| Cash distributions to noncontrolling interests | (16,526) | (325) |
| Purchase of noncontrolling interests | — | (27,873) |
| Issuance of common shares, net of costs and repurchases to settle tax obligations | (1,260) | (1,956) |
| Net cash used in financing activities | (220,192) | (350,646) |
| Change in cash, cash equivalents and restricted cash | 127,916 | (144,260) |
| Cash, cash equivalents and restricted cash, at beginning of period | 102,073 | 199,463 |
| Cash, cash equivalents and restricted cash, at end of period | $229,989 | $55,203 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents at beginning of period | $101,836 | $199,247 |
| Restricted cash at beginning of period | 237 | 216 |
| Cash, cash equivalents and restricted cash at beginning of period | $102,073 | $199,463 |
| Cash and cash equivalents at end of period | $229,737 | $54,971 |
| Restricted cash at end of period | 252 | 232 |
| Cash, cash equivalents and restricted cash at end of period | $229,989 | $55,203 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTINUED
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $41,246 | $46,346 |
| Income taxes paid | $828 | $619 |
| Supplemental schedule of non-cash investing activities: | ||
| Accounts payable related to Investment in real estate under construction | $9,059 | $21,397 |
| Reclassification of Real estate, net to Investments in real estate under construction | $24,550 | $— |
| Deconsolidation of Lombard Street Lots, LLC in Real estate, at cost | $— | $4,605 |
| Deconsolidation of Lombard Street Lots, LLC in Investments in non-consolidated entities | $— | $2,311 |
| Deconsolidation of Lombard Street Lots, LLC in Noncontrolling interests | $— | $2,503 |
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