LXP on NYSE
LXP Industrial Trust
American real estate investment trust based in West Palm Beach.
Price unavailable
Last updated Oct 18, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue36¢$64.4M
- Income tax0¢$163.0K
- Profit64¢$113.2M
Out of $4.1M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Dividends paid87¢$164.3M
- Share buybacks2¢$4.0M
- Kept or used elsewhere11¢$20.4M
Out of $188.7M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental revenue | $346.1M | $354.4M | $334.2M |
| Other revenue | $4.1M | $4.1M | $6.3M |
| Total gross revenues | $350.2M | $358.5M | $340.5M |
| Depreciation and amortization | -$196.6M | -$192.9M | -$183.5M |
| Property operating | -$64.4M | -$60.5M | -$58.4M |
| General and administrative | -$40.1M | -$40.0M | -$36.3M |
| Non-operating income | $2.8M | $7.7M | $3.0M |
| Interest and amortization expense | -$62.9M | -$66.5M | -$46.4M |
| Loss on debt satisfaction, net | -$11.8M | $0 | -$132.0K |
| Transaction costs | -$178.0K | -$498.0K | -$4.0K |
| Impairment charges | $0 | $0 | -$16.5M |
| Change in allowance for credit loss | $0 | $61.0K | $32.0K |
| Gain on sale or disposal of, and recovery on, real estate, net | $145.6M | $39.8M | $33.0M |
| Gain on change in control of a subsidiary | $0 | $209.0K | $0 |
| Income before benefit (provision) for income taxes and equity in income (losses) of non-consolidated entities | $122.7M | $45.9M | $35.3M |
| Benefit (provision) for income taxes | -$699.0K | $127.0K | -$703.0K |
| Equity in (earnings) losses of non-consolidated entities | -$4.4M | -$3.2M | $1.4M |
| Net income | $117.6M | $42.8M | $35.9M |
| Net (income) loss attributable to noncontrolling interests | -$4.5M | $1.7M | -$5.5M |
| Net income attributable to LXP Industrial Trust shareholders | $113.2M | $44.5M | $30.4M |
| Dividends attributable to preferred shares - Series C | -$6.3M | -$6.3M | -$6.3M |
| Allocation to participating securities | -$401.0K | -$322.0K | -$230.0K |
| Net income attributable to common shareholders, basic | $106.5M | $37.9M | $23.9M |
| Net income attributable to common shareholders, diluted | $106.5M | $37.9M | $23.9M |
| Net income attributable to common shareholders - per common share basic (usd per share) | $1.82 | $0.65 | $0.41 |
| Weighted-average common shares outstanding - basic (in shares) | 58.4M shares | 58.3M shares | 58.0M shares |
| Net income attributable to common shareholders - per common share diluted (usd per share) | $1.82 | $0.65 | $0.41 |
| Weighted-average common shares outstanding - diluted (in shares) | 58.6M shares | 58.3M shares | 58.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Real estate, at cost | $3.9B | $4.2B | |||
| Real estate - intangible assets | $305.8M | $318.4M | |||
| Land held for development | $83.0M | $82.8M | |||
| Investments in real estate under construction | $41.8M | $5.9M | |||
| Real estate, gross | $4.3B | $4.6B | |||
| Less: accumulated depreciation and amortization | -$1.2B | -$1.0B | |||
| Real estate, net | $3.2B | $3.5B | |||
| Right-of-use assets, net | $8.7M | $16.5M | |||
| Cash and cash equivalents | $170.4M | $101.8M | $199.2M | $54.4M | |
| Restricted cash | $257.0K | $237.0K | $216.0K | $116.0K | |
| Investments in non-consolidated entities | $31.4M | $40.0M | |||
| Deferred expenses, (net of accumulated amortization of $33,210 in 2025 and $28,035 in 2024) | $35.1M | $39.8M | |||
| Rent receivable - current | $3.5M | $2.1M | |||
| Rent receivable - deferred | $84.6M | $85.8M | |||
| Other assets | $15.5M | $20.8M | |||
| Total assets | $3.5B | $3.8B | |||
| Mortgages and notes payable, net | $49.5M | $54.9M | |||
| Term loan payable, net | $249.1M | $297.8M | |||
| Senior notes payable, net | $952.7M | $1.1B | |||
| Trust preferred securities, net | $100.1M | $127.9M | |||
| Dividends payable | $44.7M | $41.2M | |||
| Operating lease liabilities | $9.1M | $17.1M | |||
| Accounts payable and other liabilities | $54.6M | $57.1M | |||
| Accrued interest payable | $9.2M | $10.5M | |||
| Deferred revenue - including below-market leases (net of accumulated accretion of $11,947 in 2025 and $18,292 in 2024) | $3.0M | $6.8M | |||
| Prepaid rent | $16.6M | $19.9M | |||
| Total liabilities | $1.5B | $1.7B | |||
| Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares, Series C Cumulative Convertible Preferred, liquidation preference $96,770 and 1,935,400 shares issued and outstanding | $94.0M | $94.0M | |||
| Common shares, par value $0.0001 per share; authorized 600,000,000 shares, 59,077,234 and 58,899,958 shares issued and outstanding in 2025 and 2024, respectively | $6.0K | $6.0K | |||
| Additional paid-in-capital | $3.3B | $3.3B | |||
| Accumulated distributions in excess of net income | -$1.4B | -$1.3B | |||
| Accumulated other comprehensive income | $427.0K | $6.1M | |||
| Total shareholders equity | $2.0B | $2.1B | |||
| Noncontrolling interests | $11.7M | $22.5M | |||
| Total equity | $2.0B | $2.1B | $2.3B | $2.4B | |
| Total liabilities and equity | $3.5B | $3.8B | |||
| Deferred expenses, accumulated amortization | $33.2M | $28.0M | |||
| Below market lease, accumulated accretion | $11.9M | $18.3M | |||
| Preferred shares, par value (usd per share) | $0.00 | $0.00 | |||
| Preferred shares, authorized shares (in shares) | 100.0M shares | 100.0M shares | |||
| Preferred shares, liquidation preference | $96.8M | $96.8M | |||
| Preferred shares, convertible preferred, shares issued (in shares) | 1.9M shares | 1.9M shares | |||
| Preferred shares, redeemable preferred, shares outstanding (in shares) | 1.9M shares | 1.9M shares | |||
| Common shares, par value (usd per share) | $0.00 | $0.00 | $0.00 | ||
| Common shares, authorized shares (in shares) | 600.0M shares | 600.0M shares | |||
| Common shares, shares issued (in shares) | 59.1M shares | 58.9M shares | |||
| Common shares, shares outstanding (in shares) | 59.1M shares | 295.8M shares | 58.9M shares |
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Real estate, at cost | $3.9B | $4.2B | |||
| Real estate - intangible assets | $305.8M | $318.4M | |||
| Land held for development | $83.0M | $82.8M | |||
| Investments in real estate under construction | $41.8M | $5.9M | |||
| Real estate, gross | $4.3B | $4.6B | |||
| Less: accumulated depreciation and amortization | -$1.2B | -$1.0B | |||
| Real estate, net | $3.2B | $3.5B | |||
| Right-of-use assets, net | $8.7M | $16.5M | |||
| Cash and cash equivalents | $170.4M | $101.8M | $199.2M | $54.4M | |
| Restricted cash | $257.0K | $237.0K | $216.0K | $116.0K | |
| Investments in non-consolidated entities | $31.4M | $40.0M | |||
| Deferred expenses, (net of accumulated amortization of $33,210 in 2025 and $28,035 in 2024) | $35.1M | $39.8M | |||
| Rent receivable - current | $3.5M | $2.1M | |||
| Rent receivable - deferred | $84.6M | $85.8M | |||
| Other assets | $15.5M | $20.8M | |||
| Total assets | $3.5B | $3.8B | |||
| Mortgages and notes payable, net | $49.5M | $54.9M | |||
| Term loan payable, net | $249.1M | $297.8M | |||
| Senior notes payable, net | $952.7M | $1.1B | |||
| Trust preferred securities, net | $100.1M | $127.9M | |||
| Dividends payable | $44.7M | $41.2M | |||
| Operating lease liabilities | $9.1M | $17.1M | |||
| Accounts payable and other liabilities | $54.6M | $57.1M | |||
| Accrued interest payable | $9.2M | $10.5M | |||
| Deferred revenue - including below-market leases (net of accumulated accretion of $11,947 in 2025 and $18,292 in 2024) | $3.0M | $6.8M | |||
| Prepaid rent | $16.6M | $19.9M | |||
| Total liabilities | $1.5B | $1.7B | |||
| Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares, Series C Cumulative Convertible Preferred, liquidation preference $96,770 and 1,935,400 shares issued and outstanding | $94.0M | $94.0M | |||
| Common shares, par value $0.0001 per share; authorized 600,000,000 shares, 59,077,234 and 58,899,958 shares issued and outstanding in 2025 and 2024, respectively | $6.0K | $6.0K | |||
| Additional paid-in-capital | $3.3B | $3.3B | |||
| Accumulated distributions in excess of net income | -$1.4B | -$1.3B | |||
| Accumulated other comprehensive income | $427.0K | $6.1M | |||
| Total shareholders equity | $2.0B | $2.1B | |||
| Noncontrolling interests | $11.7M | $22.5M | |||
| Total equity | $2.0B | $2.1B | $2.3B | $2.4B | |
| Total liabilities and equity | $3.5B | $3.8B | |||
| Deferred expenses, accumulated amortization | $33.2M | $28.0M | |||
| Below market lease, accumulated accretion | $11.9M | $18.3M | |||
| Preferred shares, par value (usd per share) | $0.00 | $0.00 | |||
| Preferred shares, authorized shares (in shares) | 100.0M shares | 100.0M shares | |||
| Preferred shares, liquidation preference | $96.8M | $96.8M | |||
| Preferred shares, convertible preferred, shares issued (in shares) | 1.9M shares | 1.9M shares | |||
| Preferred shares, redeemable preferred, shares outstanding (in shares) | 1.9M shares | 1.9M shares | |||
| Common shares, par value (usd per share) | $0.00 | $0.00 | $0.00 | ||
| Common shares, authorized shares (in shares) | 600.0M shares | 600.0M shares | |||
| Common shares, shares issued (in shares) | 59.1M shares | 58.9M shares | |||
| Common shares, shares outstanding (in shares) | 59.1M shares | 295.8M shares | 58.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $117.6M | $42.8M | $35.9M |
| Depreciation and amortization | $200.1M | $196.6M | $186.5M |
| Gain on change in control of a subsidiary | $0 | -$209.0K | $0 |
| Gain on sale or disposal of, and recovery on, real estate, net | -$145.6M | -$39.8M | -$33.0M |
| Change in allowance for credit loss | $0 | -$61.0K | -$32.0K |
| Debt satisfaction losses, net | $11.8M | $0 | $132.0K |
| Impairment charges | $0 | $0 | $16.5M |
| Straight-line rents | -$5.4M | -$7.1M | -$9.5M |
| Amortization of right of use assets | $4.5M | $4.2M | $4.1M |
| Other non-cash expense, net | $11.8M | $7.5M | $5.9M |
| Equity in (earnings) losses of non-consolidated entities | $4.4M | $3.2M | -$1.4M |
| Distributions of accumulated earnings from non-consolidated entities | $0 | $1.6M | $4.6M |
| Change in accounts payable and other liabilities | $979.0K | $2.9M | $4.4M |
| Change in rent receivable and prepaid rent, net | -$4.8M | $5.6M | -$488.0K |
| Change in accrued interest payable | -$1.3M | -$862.0K | $2.2M |
| Other adjustments, net | -$5.3M | -$5.3M | -$6.5M |
| Net cash provided by operating activities | $188.7M | $211.2M | $209.4M |
| Acquisition of real estate, including intangible assets | -$32.7M | -$162.0M | -$15.0M |
| Investment in real estate under construction | -$28.9M | -$105.7M | -$120.8M |
| Capital expenditures | -$24.9M | -$17.8M | -$17.9M |
| Insurance proceeds | $5.3M | $0 | $0 |
| Net proceeds from sale of properties | $380.2M | $177.5M | $97.8M |
| Realization of net investment in a sales-type lease | $0 | $65.8M | $0 |
| Principal payments on loans receivable | $0 | $0 | $1.5M |
| Investments in non-consolidated entities, net | -$546.0K | -$1.3M | -$3.6M |
| Distributions from non-consolidated entities in excess of accumulated earnings | $5.0M | $7.3M | $10.0M |
| Payments of deferred leasing costs | -$4.5M | -$7.2M | -$6.2M |
| Investment in held-to-maturity securities | $0 | $130.0M | |
| Investment in held-to-maturity securities | -$130.0M | ||
| Change in real estate deposits, net | -$891.0K | -$168.0K | $867.0K |
| Net cash provided by (used in) investing activities | $298.2M | $86.4M | -$183.5M |
| Dividends to common and preferred shareholders | -$164.3M | -$158.2M | -$151.9M |
| Principal amortization payments | -$5.6M | -$5.4M | -$12.3M |
| Principal payments on debt, excluding normal amortization | -$50.0M | $0 | $0 |
| Repurchase of senior notes | -$140.0M | -$198.9M | $0 |
| Revolving credit facility borrowings | $0 | $85.0M | $125.0M |
| Revolving credit facility payments | $0 | -$85.0M | -$125.0M |
| Repurchase of trust preferred securities | -$26.7M | $0 | $0 |
| Proceeds from issuance of senior notes | $0 | $0 | $298.3M |
| Payments for early extinguishment of debt | -$11.3M | $0 | $0 |
| Deferred financing costs | $0 | $0 | -$5.8M |
| Cash distributions to noncontrolling interests | -$17.0M | -$4.4M | -$7.3M |
| Cash contributions from noncontrolling interests | $1.8M | $1.8M | $714.0K |
| Repurchase of common shares | -$4.0M | $0 | $0 |
| Purchase of noncontrolling interest | $0 | -$27.9M | $0 |
| Issuance of common shares, net of costs and repurchases to settle tax obligations | -$1.3M | -$2.0M | -$2.7M |
| Net cash provided by (used in) financing activities | -$418.3M | -$395.0M | $119.0M |
| Change in cash, cash equivalents and restricted cash | $68.6M | -$97.4M | $145.0M |
| Interest paid | $60.4M | $66.7M | $51.8M |
| Income taxes paid | $923.0K | $274.0K | $951.0K |
| Accounts payable related to Investment in real estate under construction | $4.7M | $14.7M | $21.1M |
| Reclassification of Real estate, net to Investments in real estate under construction | $24.6M | $0 | $0 |
| Deconsolidation of Lombard Street Lots, LLC in Real estate, at cost | $0 | $4.6M | $0 |
| Deconsolidation of Lombard Street Lots, LLC in Investments in non-consolidated entities | $0 | $2.3M | $0 |
| Deconsolidation of Lombard Street Lots, LLC in Noncontrolling interests | $2.5M | ||
| Reclassification to Real estate, net from Gain on sale or disposal of, and recovery on, real estate net | $389.0K | $0 | $1.4M |
| Reduction of accumulated depreciation and amortization related to an expired Ground Lease in Palo Alto, California | $0 | $0 | $29.4M |
| Reduction of Real estate, net related to an expired Ground Lease in Palo Alto, California | $0 | $0 | $29.4M |
No quarter-by-quarter statement was filed.
Leadership
Who has led LXP Industrial Trust, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerT. Wilson Eglin Feb 2, 2006 to now12
- ChairT. Wilson Eglin May 30, 2019 to now13
- ChairMichael L. Ashner Jan 3, 2007 to Apr 7, 200814
- ChairE. Robert Roskind Jan 4, 2006 to Jan 9, 201915
- PresidentT. Wilson Eglin Feb 2, 2006 to now12
- Chief financial officerNathan Brunner Jan 6, 2026 to now16
- Chief financial officerBeth Boulerice Jan 6, 2020 to Jan 3, 202517
- Chief operating officerT. Wilson Eglin Feb 2, 2006 to May 12, 201012
Board members and other officers (32)
- EVP of Capital MarketsNathan Brunner Sep 3, 2024 to now18
- EVP, Director of TaxationNabil Andrawis Jan 4, 2023 to now19
- TrusteeNancy Elizabeth Noe May 20, 2021 to Jul 2, 202120
- Chief Accounting OfficerMark Cherone Mar 27, 2019 to now21
- EVPBrendan P. Mullinix Feb 23, 2018 to now22
- EVP & Director of Asset Mgmt.James Dudley Feb 23, 2018 to now23
- EVPLara Sweeney Johnson Feb 23, 2018 to Jan 25, 202224
- EVP, Chief Accounting OfficerBeth Boulerice Feb 29, 2016 to Jan 18, 201925
- Vice chairE. Robert Roskind Jan 3, 2007 to Mar 4, 200826
- CAO, VP and SecretaryPaul R. Wood Jan 6, 2006 to Dec 31, 201327
- Executive Vice PresidentJohn B. Vanderzwaag Feb 2, 2006 to Mar 14, 200728
- Vice chairRichard J. Rouse Feb 2, 2006 to Jan 19, 201829
- Board memberArun Gupta Apr 1, 2022 to now30
- Board memberDerrick L. Johnson Jul 25, 2022 to now31
- Board memberNancy Elizabeth Noe Oct 6, 2021 to now32
- Board memberJamie Handwerker Mar 31, 2017 to now33
- Board memberHoward Stewart Roth Nov 8, 2017 to now34
- Board memberClaire A. Koeneman Sep 18, 2015 to now35
- Board memberLawrence L. Gray Dec 15, 2015 to now36
- Board memberE. Robert Roskind Jan 3, 2007 to Jan 24, 201926
- Board memberRichard Frary Jan 3, 2007 to Apr 10, 202337
- Board memberWilliam J. Borruso Jan 3, 2007 to Apr 18, 200738
- Board memberClifford Broser Jan 4, 2007 to Jul 3, 201339
- Board memberHarold First Dec 4, 2007 to Apr 4, 201840
- Board memberCarl D. Glickman Jan 6, 2006 to Apr 27, 201041
- Board memberGeoffrey Dohrmann Jan 6, 2006 to Apr 27, 201042
- Board memberJames J. Grosfeld Jan 6, 2006 to Oct 5, 201543
- Board memberKevin W. Lynch Jan 6, 2006 to Jan 3, 201744
- Board memberSeth M. Zachary Jan 6, 2006 to Jan 3, 200745
- Board memberStanley R. Perla Jan 6, 2006 to Jan 3, 200746
- Board memberRichard J. Rouse Feb 2, 2006 to Feb 19, 201029
- Board memberT. Wilson Eglin Feb 2, 2006 to Jan 24, 201912
Former names
Timeline
Filings
382 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 53 major events, 243 insider forms, 25 large holders, 41 other. The latest 20:
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Sep 18, 2026DEFM14A EDGAR
- Sep 4, 2026PREM14A EDGAR
- Jul 29, 20268-K EDGAR
- Jul 29, 202610-Q EDGAR
- Jul 20, 2026DEFA14A EDGAR
- Jul 20, 20268-K EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
- Jul 6, 20264 EDGAR
The 382 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 25 such filings since October 2021, the latest 10:
- Apr 30, 2026SCHEDULE 13G
- Mar 26, 2026SCHEDULE 13G/A
- Feb 9, 2026SCHEDULE 13G
- Feb 5, 2026SCHEDULE 13G
- Jan 30, 2026SCHEDULE 13G/A
- Feb 7, 2025SCHEDULE 13G/A
- Nov 12, 2024SC 13G/A
- Nov 8, 2024SC 13G/A
- Nov 1, 2024SC 13G
- Oct 18, 2024SC 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jun 10, 2025 | Lisa C. McClainRepublican, House | Sale | $1,001 - $15,000 | −12.6% | Report |
| Jun 9, 2025 | Lisa C. McClainRepublican, House | Buy | $1,001 - $15,000 | +10.8% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 3
- 4
- 5
- 6
- 7
- 8
- 9
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- 11
- 12
- 13SEC EDGART. Wilson Eglin, Chair
- 14SEC EDGARMichael L. Ashner, Chair
- 15SEC EDGARE. Robert Roskind, Chair
- 16
- 17
- 18
- 19
- 20SEC EDGARNancy Elizabeth Noe, Trustee
- 21
- 22SEC EDGARBrendan P. Mullinix, EVP
- 23
- 24SEC EDGARLara Sweeney Johnson, EVP
- 25
- 26SEC EDGARE. Robert Roskind, Vice chair
- 27SEC EDGARPaul R. Wood, CAO, VP and Secretary
- 28
- 29SEC EDGARRichard J. Rouse, Vice chair
- 30SEC EDGARArun Gupta, Board member
- 31SEC EDGARDerrick L. Johnson, Board member
- 32SEC EDGARNancy Elizabeth Noe, Board member
- 33SEC EDGARJamie Handwerker, Board member
- 34SEC EDGARHoward Stewart Roth, Board member
- 35SEC EDGARClaire A. Koeneman, Board member
- 36SEC EDGARLawrence L. Gray, Board member
- 37SEC EDGARRichard Frary, Board member
- 38SEC EDGARWilliam J. Borruso, Board member
- 39SEC EDGARClifford Broser, Board member
- 40SEC EDGARHarold First, Board member
- 41SEC EDGARCarl D. Glickman, Board member
- 42SEC EDGARGeoffrey Dohrmann, Board member
- 43SEC EDGARJames J. Grosfeld, Board member
- 44SEC EDGARKevin W. Lynch, Board member
- 45SEC EDGARSeth M. Zachary, Board member
- 46SEC EDGARStanley R. Perla, Board member
- 47