LXP to be acquired by Brookfield/CPP Investments for $61.20/share in $5.2B all-cash deal; Q2 adjusted FFO $0.84

LXP Industrial Trust

Merger valued at ~$5.2B including net debt; $61.20/share cash represents 12.3% premium to 30-day VWAP.
Transaction unanimously approved by LXP Board; expected close by end of Q4 2026, subject to shareholder vote.
Q2 2026 net loss attributable to common shareholders of $(1.6)M ($(0.03)/diluted share).
Adjusted Company FFO of $49.5M ($0.84/diluted share), up 5.0% YoY from $0.80.
Regular common dividend suspended effective immediately; Series C preferred dividends continue.

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