LXP Industrial Trust
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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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, 2024 · Filed Nov 6, 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 Balance Sheets
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets: | ||
| Real estate, at cost | $3,966,948 | $3,774,239 |
| Real estate - intangible assets | 298,811 | 314,525 |
| Land held for development | 82,759 | 80,743 |
| Investments in real estate under construction | 66,961 | 319,355 |
| Real estate, gross | 4,415,479 | 4,488,862 |
| Less: accumulated depreciation and amortization | 1,000,154 | 904,709 |
| Real estate, net | 3,415,325 | 3,584,153 |
| Assets held for sale | 114,735 | 9,168 |
| Right-of-use assets, net | 16,097 | 19,342 |
| Cash and cash equivalents | 54,971 | 199,247 |
| Restricted cash | 232 | 216 |
| Short-term investments | — | 130,140 |
| Investments in non-consolidated entities | 45,899 | 48,495 |
| Deferred expenses, net | 37,424 | 35,008 |
| Investment in a sales-type lease, net (allowance for credit loss $112 in 2024 and $61 in 2023) | 65,242 | 63,464 |
| Rent receivable – current | 1,713 | 5,327 |
| Rent receivable – deferred | 84,564 | 80,421 |
| Other assets | 17,850 | 17,794 |
| Total assets | $3,854,052 | $4,192,775 |
| Liabilities and Equity: | ||
| Liabilities: | ||
| Mortgages and notes payable, net | $56,247 | $60,124 |
| Term loan payable, net | 297,551 | 296,764 |
| Senior notes payable, net | 1,088,853 | 1,286,145 |
| Trust preferred securities, net | 127,868 | 127,794 |
| Dividends payable | 39,740 | 39,610 |
| Liabilities held for sale | 155 | 417 |
| Operating lease liabilities | 16,754 | 20,233 |
| Accounts payable and other liabilities | 60,009 | 57,981 |
| Accrued interest payable | 15,533 | 11,379 |
| Deferred revenue - including below-market leases, net | 7,809 | 9,428 |
| Prepaid rent | 17,783 | 17,443 |
| Total liabilities | 1,728,302 | 1,927,318 |
| Commitments and contingencies | ||
| Equity: | ||
| Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares: | ||
| Series C Cumulative Convertible Preferred, liquidation preference $96,770; 1,935,400 shares issued and outstanding | 94,016 | 94,016 |
| Common shares, par value $0.0001 per share; authorized 600,000,000 shares, 294,486,892 and 293,449,088 shares issued and outstanding in 2024 and 2023, respectively | 29 | 29 |
| Additional paid-in-capital | 3,312,336 | 3,330,383 |
| Accumulated distributions in excess of net income | (1,309,046) | (1,201,824) |
| Accumulated other comprehensive income | 2,518 | 9,483 |
| Total shareholders’ equity | 2,099,853 | 2,232,087 |
| Noncontrolling interests | 25,897 | 33,370 |
| Total equity | 2,125,750 | 2,265,457 |
| Total liabilities and equity | $3,854,052 | $4,192,775 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.