Highest-materiality recent filing
LXP Industrial Trust to be acquired by Leopard REIT LLC for $61.20 per share in cash
Common shareholders receive $61.20 per share in cash; Series C preferred converted into one Surviving Entity Series C Preferred Unit.
LXP raises 2026 Adjusted FFO guidance, announces $103M Phoenix acquisition and strong leasing
2026 Adjusted Company FFO guidance raised to $3.30–$3.40 from $3.22–$3.37 per diluted share.
LXP Industrial Trust shareholders elect all eight trustee nominees at 2026 Annual Meeting
All eight trustee nominees elected with 50.9M to 52.3M 'For' votes each; no nominee received less than 95% of votes cast.
LXP posts Q1 net loss of $1.9M; Adjusted FFO per share rises 2.6% to $0.80
Net loss attributable to common shareholders of $(1.9)M ($(0.03)/diluted share) vs net income of $17.3M ($0.30) in Q1 2025.
LXP Q4 net income $0.46/share; Adjusted FFO $0.79; 2026 FFO guidance $3.22-$3.37
Q4 net income $27.1M ($0.46 diluted), down from $31.4M ($0.54) YoY; full-year net income $106.5M ($1.82 diluted).
LXP closes $600M revolver & $250M term loan with reduced pricing, extends maturities
$600M unsecured revolver matures Jan 31, 2030; $250M term loan matures Jan 31, 2029; both with extension options.
LXP Industrial Trust completes 1-for-5 reverse stock split, shares reduced to 59.2M
Reverse split effective 5:00 p.m. ET on Nov 10, 2025; trading on NYSE begins split-adjusted Nov 11.
LXP Q3 net income jumps to $34.6M; board approves 1-for-5 reverse split, raises dividend 3.7%
Net income $34.6M ($0.12 diluted EPS) vs $4.7M ($0.02) in Q3 2024; Adjusted Company FFO $46.7M ($0.16) unchanged YoY.
LXP early tender results: $186M tendered vs $150M cap; prorated at 75.3%, $140M principal accepted
LXP will accept $140M aggregate principal of 6.750% Notes due 2028 at total consideration of $1,076.36 per $1,000 (inclusive of $30 early tender premium).
LXP sells two development projects for $175M, launches $150M tender offer for 2028 notes
Sold 2,138,640 sq ft in Ocala, FL and Indianapolis, IN for $175M gross, $29M above June 30, 2025 book value.
LXP Industrial Trust Reports Q2 2025 Net Income of $27.5M, Adjusted FFO of $47.3M
Generated Net Income attributable to common shareholders of $27.5 million, or $0.09 per diluted share.
LXP shareholders reelect trustees, approve equity plan increase of 5M shares
All eight trustee nominees elected with 248M to 256M votes for; no contested seats.
LXP Q1 net income $17.3M vs year-ago loss; Same-Store NOI +5.2%
Net income attributable to common $17.3M ($0.06/diluted) vs net loss $1.9M in Q1 2024; Adjusted Company FFO $0.16/diluted.
Nathan Brunner appointed CFO of LXP Industrial Trust, replacing Beth Boulerice
Effective March 1, 2025, Brunner assumed roles of EVP, CFO and Treasurer; Boulerice remains as advisory EVP.
LXP Q4 net income $31.4M ($0.11/sh); same-store NOI up 4.1%; FFO guidance $0.61-0.65
Net income attributable to common shareholders $31.4M ($0.11/sh) vs $13.0M ($0.04) YoY; adjusted FFO $47.0M ($0.16) vs $51.4M ($0.17).
New leases and extensions in Q4 to date total ~0.5M sq ft, with Cash Base Rents up 28.9%.
LXP Q3 Adj FFO $0.16/diluted, raises dividend 3.8%, tightens FY2024 guidance
Net income $4.7M ($0.02 diluted); Adj Company FFO $46.7M ($0.16 diluted).
LXP Q2 net income $3.8M, Adjusted FFO $0.16; portfolio now 100% industrial
Net income $3.8M ($0.01/diluted); Adjusted Company FFO $46.9M ($0.16/diluted), vs $0.18 prior year.
LXP CFO Beth Boulerice to step down March 1, 2025; Nathan Brunner appointed successor
Beth Boulerice will relinquish CFO/Treasurer roles March 1, 2025, remain EVP advisor through 2027.
LXP Industrial Trust shareholders elect all eight trustee nominees at 2024 annual meeting
All eight trustee nominees elected with over 85% of votes cast: Eglin, Gray, Gupta, Handwerker, Johnson, Koeneman, Noe, Roth.
LXP Industrial Trust posts Q1 net loss of $1.9M; same-store NOI up 6.5%
Net loss attributable to common shareholders of $(1.9M) ($0.01/diluted share) vs net income $9.5M in Q1 2023.
LXP Industrial Trust registers $350M at-the-market common stock offering
Filed ATM prospectus supplement to sell up to $350M of common stock; amended equity sales agreement.
LXP Q4 Adj FFO $0.17; industrial same-store NOI +4.1%; 2024 Adj FFO guidance $0.61-0.65
Net income $13.0M ($0.04/diluted); Adjusted Company FFO $51.4M ($0.17/diluted).
LXP Industrial Trust issues $300M of 6.750% Senior Notes due 2028
Issued $300M aggregate principal of 6.750% Senior Notes due November 15, 2028.
LXP extends term loan maturity to 2027, adjusts lender allocations under credit agreement
First Amendment to Credit Agreement extends term loan maturity from Jan 31, 2025 to Jan 31, 2027.
LXP extends term loan maturity to January 2027, reallocates lender commitments
Term loan maturity extended from January 31, 2025 to January 31, 2027.
LXP Industrial Trust issues $300M of 6.750% Senior Notes due 2028
$300M aggregate principal of 6.750% Senior Notes due 2028 at 99.423% to yield 6.888%.
LXP Q3 FFO $0.18/diluted share, beats prior; raises dividend 4% to $0.13/quarterly
Q3 2023 net income $11.0M ($0.04/diluted) vs $21.8M ($0.08) year ago; Adjusted Company FFO $51.9M ($0.18/diluted) vs $48.1M ($0.17).
LXP Board adopts annual say-on-pay vote after shareholder advisory vote
Shareholders voted 248.9M shares for 1-year frequency, 8.2M for 3 years.
LXP reports Q2 net loss $9.7M; adjusted FFO per share $0.18, up from $0.17 YoY
Net loss attributable to common shareholders $(9.7)M ($0.03 diluted EPS) vs prior-year income $39.7M ($0.14).
LXP Industrial Trust shareholders elect eight trustees, approve all proposals at 2023 annual meeting
All eight trustee nominees elected; Claire Koeneman received 54M against votes out of 257M cast.
LXP Industrial Trust amends bylaws, removes certain shareholder proposal disclosure requirements
Board adopted Third Amended and Restated By-Laws effective May 19, 2023.
LXP Q1 net income $9.5M ($0.03); Adjusted FFO $0.17; raises dev yield to 6.0-6.5%
Net income to common shareholders $9.5M ($0.03/diluted) vs $9.0M ($0.03) in Q1 2022.
LXP Q4 net income $36.9M ($0.13/dil), adj FFO $0.17, guides FY23 adj FFO $0.66-$0.70
Q4 net income $36.9M ($0.13/dil); adj FFO $0.17/dil vs $0.18. Revenue $81.1M (vs $86.5M).
Compensation Committee approved Restricted Share Agreement and Nonvested Share Agreement under the 2022 Equity-Based Award Plan.
LXP Industrial Q3 net income $21.8M, FFO $0.17, raises dividend 4.2%, tightens guidance
Net income $21.8M ($0.08/diluted) vs $5.0M; Adjusted FFO $48.1M ($0.17) vs $53.6M ($0.19).
LXP reports Q2 2022 net income $0.14/shr, adjusted FFO $0.17, reaffirms FY guidance
Q2 net income $39.7M ($0.14/shr) vs $71.0M ($0.26) YoY; revenue $79.8M vs $81.5M.
LXP Industrial Trust appoints Derrick L. Johnson to Board of Trustees, effective July 21, 2022
Board size increased from 8 to 9 trustees; Johnson appointed immediately.
LXP Industrial Trust enters new $600M revolver and $300M term loan facility
New $600M senior unsecured revolver matures July 5, 2026; extendable to July 5, 2027, replaces prior $600M revolver.
LXP extends maturity on forward equity sale agreements for 16M shares to Dec 30, 2022
Amended Wells Fargo forward confirmation: maturity extended from June 27 to Dec 30, 2022 for 8M common shares.
LXP shareholders approve new equity plan (4M shares) and increase authorized shares to 1.4B
Shareholders approved 2022 Equity-Based Award Plan with 4,000,000 common shares available, replacing the 2011 Plan.
LXP extends maturity of forward sale agreements for 16M shares to June/Sep 2022
Extended JPMorgan forward sale maturity from May 11, 2022 to September 26, 2022.
LXP Q1 net income $9M ($0.03), Adj. FFO $0.16; reaffirms FY22 FFO guidance; EVP resigns
Net income $9.0M ($0.03 diluted); revenue $80.3M, down from $92.6M YoY due to $10.9M termination fee in prior year.
Activist Land & Buildings withdraws board nominations for LXP Industrial Trust
Land & Buildings Investment Management withdrew its nominations for election to LXP's Board of Trustees on April 12, 2022.
LXP suspends strategic alternatives, issues FY2022 guidance: EPS $0.31-$0.35, FFO $0.64-$0.68
Board unanimously suspends strategic review; will continue as independent company.
LXP appoints Arun Gupta to board of trustees, size increases to 8; strategic review ongoing
Arun Gupta appointed to LXP board effective April 1, 2022; board expands from 7 to 8 trustees.
LXP Q4 net income $0.90/dil share; Adj FFO $0.18; full-year Adj FFO $0.78
Q4 net income $260.5M ($0.90/sh); full-year net income $375.8M ($1.34/sh).
LXP Board Initiates Strategic Alternatives Review Including Sale or Merger
Board will consider sale, merger, other business combinations; no set timetable.
LXP Industrial Trust recapitalizes 22-property portfolio via $550M JV with Davidson Kempner
LXP sold 22 special purpose industrial assets to a new JV with Davidson Kempner for $550M; retains 20% equity interest.
Lexington Realty Trust changes name to LXP Industrial Trust; tickers unchanged
Name change effective December 15, 2021, via Articles of Amendment filed in Maryland.
Effective March 1, 2025, Nathan Brunner, age 42, was appointed by the Board of Trustees of LXP Industrial Trust (the “Trust”) as the Trust’s Executive Vice President, Chief Financial Officer and Treasurer.
As previously announced, Mr. Brunner replaces Beth Boulerice, who will remain in an advisory role as an Executive Vice President of the Trust.
Beth Boulerice will step down from her roles as Chief Financial Officer and Treasurer effective March 1, 2025.
Mr. Brunner will be appointed to succeed Ms. Boulerice as Chief Financial Officer and Treasurer effective March 1, 2025.
Nathan Brunner was appointed Executive Vice President of Capital Markets effective upon the start of his employment with the Trust on September 1, 2024.
Effective July 21, 2022, the Board of Trustees of LXP Industrial Trust, or the Trust, (1) increased the size of the Board of Trustees from eight trustees to nine trustees and (2) appointed Derrick L. Johnson as a member of the Board of Trustees.
On May 3, 2022, Lara Johnson, Executive Vice President of the Trust, resigned effective May 31, 2022.
Effective March 28, 2022, our Board of Trustees (1) increased the size of the Board of Trustees from seven trustees to eight trustees and (2) appointed Arun Gupta as a member of the Board of Trustees.
Max materiality 0.90 · Median 0.65 · Most common event earnings