LXP provides operational update: 0.5M sf leased in Q4, 28.9% cash rent growth; Ocala development lease suspended

LXP Industrial Trust

New leases and extensions in Q4 to date total ~0.5M sq ft, with Cash Base Rents up 28.9%.
Year-to-date leasing reaches ~4.0M sq ft; Cash Base Rents increase 37.6% on second-gen leases (excl. one lease).
Discussions with prospective full-building user for 1.1M sq ft Ocala facility suspended; LXP continues to seek tenant.
Acquired two properties in Atlanta and one in Houston for ~$124M in November; also Savannah acquisition for $34M.
Tenant exercised purchase option on Phoenix leased land in December, closing ~$87M sale.

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