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 Statements of Cash Flows
(Unaudited and in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Net cash provided by operating activities: | $141,966 | $153,523 |
| Cash flows from investing activities: | ||
| Acquisition of real estate, including intangible assets | (7,603) | (15,018) |
| Investment in real estate under construction | (85,821) | (88,058) |
| Capital expenditures | (11,454) | (12,226) |
| Net proceeds from sale of properties | 42,489 | 73,822 |
| Principal payments on loans receivable | — | 1,462 |
| Investments in non-consolidated entities | (1,216) | (2,872) |
| Distributions from non-consolidated entities in excess of accumulated earnings | 2,615 | 5,836 |
| Deferred leasing costs | (4,862) | (1,928) |
| Maturity of held-to-maturity securities | 130,000 | — |
| Change in real estate deposits, net | 272 | (7,498) |
| Net cash provided by (used) in investing activities | 64,420 | (46,480) |
| Cash flows from financing activities: | ||
| Dividends to common and preferred shareholders | (118,602) | (114,019) |
| Principal amortization payments | (4,012) | (8,928) |
| Revolving credit facility borrowings | 15,000 | 100,000 |
| Revolving credit facility payments | (15,000) | (100,000) |
| Repurchase of senior notes | (198,932) | — |
| Cash contributions from noncontrolling interests | 1,054 | 507 |
| Cash distributions to noncontrolling interests | (325) | (1,226) |
| Purchase of noncontrolling interests | (27,873) | — |
| Issuance of common shares, net of costs and repurchases to settle tax obligations | (1,956) | (2,251) |
| Net cash used in financing activities | (350,646) | (125,917) |
| Change in cash, cash equivalents and restricted cash | (144,260) | (18,874) |
| Cash, cash equivalents and restricted cash, at beginning of period | 199,463 | 54,506 |
| Cash, cash equivalents and restricted cash, at end of period | $55,203 | $35,632 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents at beginning of period | $199,247 | $54,390 |
| Restricted cash at beginning of period | 216 | 116 |
| Cash, cash equivalents and restricted cash at beginning of period | $199,463 | $54,506 |
| Cash and cash equivalents at end of period | $54,971 | $35,421 |
| Restricted cash at end of period | 232 | 211 |
| Cash, cash equivalents and restricted cash at end of period | $55,203 | $35,632 |
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