LXP Industrial Trust
For the period ended Jun 30, 2024. Filed Jul 31, 2024.
View on SEC.govAbout this filing
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, 2024 · Filed Jul 31, 2024
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 Changes in Equity
| LXP Industrial Trust Shareholders | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Three months ended June 30, 2024 | Total | Number of Preferred Shares | Preferred Shares | Number of Common Shares | Common Shares | Additional Paid-in-Capital | Accumulated Distributions in Excess of Net Income | Accumulated Other Comprehensive Income/(Loss) | Noncontrolling Interests |
| Balance March 31, 2024 | $2,220,514 | 1,935,400 | $94,016 | 294,289,569 | $29 | $3,327,682 | $(1,241,595) | $8,423 | $31,959 |
| Issuance of partnership interest in real estate | 201 | — | — | — | — | — | — | — | 201 |
| Purchase of noncontrolling interest in consolidated joint venture | (22,988) | — | — | — | — | (20,447) | — | — | (2,541) |
| Change in control of a subsidiary | (2,503) | — | — | — | — | — | — | — | (2,503) |
| Issuance of common shares and deferred compensation amortization, net | 2,530 | — | — | 24,987 | — | 2,530 | — | — | — |
| Dividends/distributions ($0.13 per common share) | (39,817) | — | — | — | — | — | (39,664) | — | (153) |
| Net income (loss) | 4,801 | — | — | — | — | — | 5,426 | — | (625) |
| Other comprehensive loss | (2,243) | — | — | — | — | — | — | (2,243) | — |
| Company's share of other comprehensive income of non-consolidated entities | 17 | — | — | — | — | — | — | 17 | — |
| Balance June 30, 2024 | $2,160,512 | 1,935,400 | $94,016 | 294,314,556 | $29 | $3,309,765 | $(1,275,833) | $6,197 | $26,338 |
| Balance March 31, 2023 | $2,360,762 | 1,935,400 | $94,016 | 292,557,721 | $29 | $3,320,185 | $(1,105,875) | $14,169 | $38,238 |
|---|---|---|---|---|---|---|---|---|---|
| Issuance of partnership interest in real estate | 190 | — | — | — | — | — | — | — | 190 |
| Redemption of noncontrolling OP units for common shares | — | — | — | 1,314 | — | 7 | — | — | (7) |
| Issuance of common shares and deferred compensation amortization, net | 2,307 | — | — | 22,894 | — | 2,307 | — | — | — |
| Dividends/distributions ($0.125 per common share) | (38,787) | — | — | — | — | — | (38,001) | — | (786) |
| Net income (loss) | (7,780) | — | — | — | — | — | (8,048) | — | 268 |
| Other comprehensive income | 2,139 | — | — | — | — | — | — | 2,139 | — |
| Company's share of other comprehensive loss of non-consolidated entities | (108) | — | — | — | — | — | — | (108) | — |
| Balance June 30, 2023 | $2,318,723 | 1,935,400 | $94,016 | 292,581,929 | $29 | $3,322,499 | $(1,151,924) | $16,200 | $37,903 |
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
| LXP Industrial Trust Shareholders | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Six Months Ended June 30, 2024 · Total · Number of Preferred Shares · Preferred Shares · Number of Common Shares · Common Shares · Additional Paid-in-Capital · Accumulated Distributions in Excess of Net Income · Accumulated Other Comprehensive Income/(Loss) · Noncontrolling Interests | ||||||||||||||
| Balance December 31, 2023 | $2,265,457 | 1,935,400 | $94,016 | 293,449,088 | $29 | $3,330,383 | $(1,201,824) | $9,483 | $33,370 | |||||
| Issuance of partnership interest in real estate | 665 | — | — | — | — | — | — | — | 665 | |||||
| Purchase of noncontrolling interest in consolidated joint venture | (27,898) | — | — | — | — | (23,843) | — | — | (4,055) | |||||
| Change in control of a subsidiary | (2,503) | — | — | — | — | — | — | — | (2,503) | |||||
| Issuance of common shares and deferred compensation amortization, net | 4,813 | — | — | 1,471,680 | — | 4,813 | — | — | — | |||||
| Repurchase of common shares to settle tax obligations | (1,588) | — | — | (160,079) | — | (1,588) | — | — | — | |||||
| Forfeiture of employee common shares | — | — | — | (446,133) | — | — | — | — | — | |||||
| Dividends/distributions ($0.26 per common share) | (79,394) | — | — | — | — | (79,166) | — | (228) | ||||||
| Net income (loss) | 4,246 | — | — | — | — | — | 5,157 | — | (911) | |||||
| Other comprehensive loss | (3,344) | — | — | — | — | — | — | (3,344) | — | |||||
| Company's share of other comprehensive income of non-consolidated entities | 58 | — | — | — | — | — | — | 58 | — | |||||
| Balance June 30, 2024 | $2,160,512 | 1,935,400 | $94,016 | 294,314,556 | $29 | $3,309,765 | $(1,275,833) | $6,197 | $26,338 | |||||
| Balance December 31, 2022 | $2,391,003 | 1,935,400 | $94,016 | 291,719,310 | $29 | $3,320,087 | $(1,079,087) | $17,689 | $38,269 |
|---|---|---|---|---|---|---|---|---|---|
| Issuance of partnership interest in real estate | 296 | — | — | — | — | — | — | — | 296 |
| Redemption of noncontrolling OP units for common shares | — | — | — | 4,886 | — | 25 | — | — | (25) |
| Issuance of common shares and deferred compensation amortization, net | 4,463 | — | — | 1,239,060 | — | 4,463 | — | — | — |
| Repurchase of common shares to settle tax obligations | (2,076) | — | — | (204,780) | — | (2,076) | — | — | — |
| Forfeiture of employee common shares | — | — | — | (176,547) | — | — | — | — | — |
| Dividends/distributions ($0.25 per common share) | (77,009) | — | — | — | — | — | (75,955) | — | (1,054) |
| Net income | 3,535 | — | — | — | — | — | 3,118 | — | 417 |
| Other comprehensive loss | (1,051) | — | — | — | — | — | — | (1,051) | — |
| Company's share of other comprehensive loss of non-consolidated entities | (438) | — | — | — | — | — | — | (438) | — |
| Balance June 30, 2023 | $2,318,723 | 1,935,400 | $94,016 | 292,581,929 | $29 | $3,322,499 | $(1,151,924) | $16,200 | $37,903 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.