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 Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Gross revenues: | ||||
| Rental revenue | $84,549 | $83,844 | $254,524 | $252,326 |
| Other revenue | 1,021 | 1,578 | 3,083 | 5,221 |
| Total gross revenues | 85,570 | 85,422 | 257,607 | 257,547 |
| Expense applicable to revenues: | ||||
| Depreciation and amortization | (48,387) | (45,570) | (144,243) | (137,304) |
| Property operating | (15,011) | (14,693) | (45,681) | (45,681) |
| General and administrative | (10,993) | (8,614) | (29,734) | (26,862) |
| Non-operating income | 642 | 394 | 7,145 | 731 |
| Interest and amortization expense | (16,037) | (10,965) | (50,624) | (32,502) |
| Transaction costs | — | — | (498) | (4) |
| Impairment charges | — | — | — | (16,490) |
| Change in allowance for credit loss | (42) | (2) | (51) | 29 |
| Gains on sales of properties | 11,050 | 7,154 | 19,402 | 15,033 |
| Gain on change in control of a subsidiary | — | — | 209 | — |
| Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities | 6,792 | 13,126 | 13,532 | 14,497 |
| Provision for income taxes | (21) | (220) | (229) | (646) |
| Equity in earnings (losses) of non-consolidated entities | (1,158) | (5) | (3,444) | 2,585 |
| Net income | 5,613 | 12,901 | 9,859 | 16,436 |
| Less net (income) loss attributable to noncontrolling interests | 733 | (237) | 1,644 | (654) |
| Net income attributable to LXP Industrial Trust shareholders | 6,346 | 12,664 | 11,503 | 15,782 |
| Dividends attributable to preferred shares – Series C | (1,573) | (1,573) | (4,718) | (4,718) |
| Allocation to participating securities | (84) | (52) | (252) | (186) |
| Net income attributable to common shareholders | $4,689 | $11,039 | $6,533 | $10,878 |
| Net income attributable to common shareholders - per common share basic | $0.02 | $0.04 | $0.02 | $0.04 |
| Weighted-average common shares outstanding – basic | 291,529,849 | 290,291,609 | 291,407,853 | 290,187,124 |
| Net income attributable to common shareholders - per common share diluted | $0.02 | $0.04 | $0.02 | $0.04 |
| Weighted-average common shares outstanding – diluted | 291,600,994 | 291,253,005 | 291,502,023 | 291,148,809 |
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