LXP Industrial Trust's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), LXP Industrial Trust reported net income of $117.6M (+174.6% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Rental revenue | $346.1M | $354.4M | $334.2M | $314.0M |
| Other revenue | $4.1M | $4.1M | $6.3M | $7.3M |
| Total gross revenues | $350.2M | $358.5M | $340.5M | $321.2M |
| Depreciation and amortization | ($196.6M) | ($192.9M) | ($183.5M) | ($180.6M) |
| Property operating | ($64.4M) | ($60.5M) | ($58.4M) | ($54.9M) |
| General and administrative | ($40.1M) | ($40.0M) | ($36.3M) | ($38.7M) |
| Non-operating income | $2.8M | $7.7M | $3.0M | $935.0K |
| Interest and amortization expense | ($62.9M) | ($66.5M) | ($46.4M) | ($45.4M) |
| Loss on debt satisfaction, net | ($11.8M) | $0 | ($132.0K) | ($119.0K) |
| Transaction costs | ($178.0K) | ($498.0K) | ($4.0K) | ($4.2M) |
| Impairment charges | $0 | $0 | ($16.5M) | ($3.0M) |
| Change in allowance for credit loss | $0 | $61.0K | $32.0K | ($93.0K) |
| Gain on sale or disposal of, and recovery on, real estate, net | $145.6M | $39.8M | $33.0M | $59.1M |
| Gain on change in control of a subsidiary | $0 | $209.0K | — | — |
| Income before benefit (provision) for income taxes and equity in income (losses) of non-consolidated entities | $122.7M | $45.9M | $35.3M | $101.3M |
| Benefit (provision) for income taxes | ($699.0K) | $127.0K | — | — |
| Equity in (earnings) losses of non-consolidated entities | ($4.4M) | ($3.2M) | $1.4M | $16.0M |
| Net income | $117.6M | $42.8M | $35.9M | $116.2M |
| Net (income) loss attributable to noncontrolling interests | ($4.5M) | $1.7M | ($5.5M) | ($2.5M) |
| Net income attributable to LXP Industrial Trust shareholders | $113.2M | $44.5M | $30.4M | $113.8M |
| Dividends attributable to preferred shares - Series C | -6.3M | -6.3M | -6.3M | -6.3M |
| Allocation to participating securities | ($401.0K) | ($322.0K) | ($230.0K) | ($186.0K) |
| Net income attributable to common shareholders, basic | $106.5M | $37.9M | $23.9M | $107.3M |
| Net income attributable to common shareholders, diluted | $106.5M | $37.9M | $23.9M | $107.3M |
| Net income attributable to common shareholders - per common share basic (usd per share) | $1.82 | $0.13 | $0.08 | $0.38 |
| Weighted-average common shares outstanding - basic (in shares) | 58.4M | 291.5M | 290.2M | 279.9M |
| Net income attributable to common shareholders - per common share diluted (usd per share) | $1.82 | $0.13 | $0.08 | $0.38 |
| Weighted-average common shares outstanding - diluted (in shares) | 58.6M | 291.6M | 291.2M | 282.5M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Rental revenue | $87.1M | $85.0M | $85.8M | $86.7M |
| Other revenue | $969.0K | $972.0K | $1.1M | $975.0K |
| Total gross revenues | $88.1M | $85.9M | $86.9M | $87.7M |
| Depreciation and amortization | ($48.1M) | ($47.0M) | ($49.1M) | ($49.4M) |
| Property operating | ($16.2M) | ($16.7M) | ($15.3M) | ($15.9M) |
| General and administrative | ($9.7M) | ($10.3M) | ($9.3M) | ($9.6M) |
| Non-operating income | $472.0K | $1.5M | $605.0K | $744.0K |
| Interest and amortization expense | ($13.3M) | ($13.2M) | ($16.1M) | ($16.5M) |
| Gain (loss) on debt satisfaction, net | $0 | ($299.0K) | $0 | $1.1M |
| Transaction costs | $0 | ($15.0K) | $0 | ($38.0K) |
| Gain (loss) on sale or disposal of, and recovery on, real estate, net | ($79.0K) | $2.3M | $46.2M | $31.3M |
| Income before provision for income taxes and equity in losses of non-consolidated entities | $1.3M | $2.3M | $43.8M | $29.6M |
| Provision for income taxes | ($164.0K) | ($136.0K) | ($184.0K) | ($199.0K) |
| Equity in losses of non-consolidated entities | ($1.2M) | ($2.4M) | ($1.2M) | ($958.0K) |
| Net income (loss) | ($8.0K) | ($291.0K) | $42.4M | $28.4M |
| Net loss attributable to noncontrolling interests | $63.0K | $52.0K | ($6.1M) | $735.0K |
| Net income (loss) attributable to LXP Industrial Trust shareholders | $55.0K | ($239.0K) | $36.3M | $29.1M |
| Dividends attributable to preferred shares - Series C | -1.6M | -1.6M | -1.6M | -1.6M |
| Allocation to participating securities | ($112.0K) | ($131.0K) | ($90.0K) | ($109.0K) |
| Net income (loss) attributable to common shareholders, basic | ($1.6M) | ($1.9M) | $34.6M | $27.4M |
| Net income (loss) attributable to common shareholders, diluted | ($1.6M) | ($1.9M) | $34.6M | $27.4M |
| Net income (loss) attributable to common shareholders – per common share basic (in dollars per share) | -$0.03 | -$0.03 | $0.12 | $0.09 |
| Weighted-average common shares outstanding - basic (in shares) | 58.1M | 58.2M | 292.0M | 291.9M |
| Net income (loss) attributable to common shareholders - per common share diluted (in dollars per share) | -$0.03 | -$0.03 | $0.12 | $0.09 |
| Weighted-average common shares outstanding – diluted (in shares) | 58.1M | 58.2M | 292.7M | 292.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Real estate, at cost | $3.9B | $4.2B | $3.8B | $3.7B |
| Real estate - intangible assets | $305.8M | $318.4M | $314.5M | $328.6M |
| Land held for development | $83.0M | $82.8M | $80.7M | $84.4M |
| Investments in real estate under construction | $41.8M | $5.9M | $319.4M | $361.9M |
| Real estate, gross | $4.3B | $4.6B | $4.5B | $4.5B |
| Less: accumulated depreciation and amortization | ($1.2B) | $1.0B | $904.7M | $800.5M |
| Real estate, net | $3.2B | $3.5B | $3.6B | $3.7B |
| Right-of-use assets, net | $8.7M | $16.5M | $19.3M | $24.0M |
| 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 | $48.5M | $58.2M |
| Deferred expenses, (net of accumulated amortization of $33,210 in 2025 and $28,035 in 2024) | $35.1M | $39.8M | $35.0M | $25.2M |
| Rent receivable - current | $3.5M | $2.1M | $5.3M | $3.0M |
| Rent receivable - deferred | $84.6M | $85.8M | $80.4M | $71.4M |
| Other assets | $15.5M | $20.8M | $17.8M | $24.3M |
| Total assets | $3.5B | $3.8B | $4.2B | $4.1B |
| Mortgages and notes payable, net | $49.5M | $54.9M | $60.1M | $72.1M |
| Term loan payable, net | $249.1M | $297.8M | $296.8M | $299.0M |
| Senior notes payable, net | $952.7M | $1.1B | $1.3B | $989.3M |
| Trust preferred securities, net | $100.1M | $127.9M | $127.8M | $127.7M |
| Dividends payable | $44.7M | $41.2M | $39.6M | $38.4M |
| Operating lease liabilities | $9.1M | $17.1M | $20.2M | $25.1M |
| Accounts payable and other liabilities | $54.6M | $57.1M | $58.0M | $74.3M |
| Accrued interest payable | $9.2M | $10.5M | $11.4M | $9.2M |
| Deferred revenue - including below-market leases (net of accumulated accretion of $11,947 in 2025 and $18,292 in 2024) | $3.0M | $6.8M | $9.4M | $11.5M |
| Prepaid rent | $16.6M | $19.9M | $17.4M | $15.2M |
| Total liabilities | $1.5B | $1.7B | $1.9B | $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 | $94016000.00 | $94016000.00 | $94016000.00 | $94016000.00 |
| 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 | $6000.00 | $29000.00 | $29000.00 | $29000.00 |
| Additional paid-in-capital | $3.3B | $3.3B | $3.3B | $3.3B |
| Accumulated distributions in excess of net income | ($1.4B) | ($1.3B) | ($1.2B) | ($1.1B) |
| Accumulated other comprehensive income | $427.0K | $6.1M | $9.5M | $17.7M |
| Total shareholders’ equity | $2.0B | $2.1B | $2.2B | $2.4B |
| Noncontrolling interests | $11.7M | $22.5M | $33.4M | $38.3M |
| Total equity | $2.0B | $2.1B | $2.3B | $2.4B |
| Total liabilities and equity | $3.5B | $3.8B | $4.2B | $4.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Real estate, at cost | $4.0B | $3.9B | $4.0B | $4.1B |
| Real estate - intangible assets | $336.9M | $305.8M | $314.4M | $313.3M |
| Land held for development | $64.8M | $65.1M | $83.3M | $82.9M |
| Investments in real estate under construction | $102.4M | $68.8M | $37.9M | $33.7M |
| Real estate, gross | $4.5B | $4.3B | $4.4B | $4.6B |
| Less: accumulated depreciation and amortization | ($1.2B) | ($1.2B) | ($1.1B) | ($1.1B) |
| Real estate, net | $3.2B | $3.2B | $3.3B | $3.4B |
| Assets held for sale | $15.4M | — | — | — |
| Right-of-use assets, net | $6.7M | $7.6M | $13.1M | $14.3M |
| Cash and cash equivalents | $18.0M | $130.1M | $229.7M | $71.0M |
| Restricted cash | $172.0K | $168.0K | $252.0K | $247.0K |
| Investments in non-consolidated entities | $29.2M | $29.3M | $33.4M | $38.4M |
| Deferred expenses, net | $49.4M | $40.7M | $36.7M | $38.2M |
| Rent receivable - current | $2.9M | $4.0M | $2.8M | $3.1M |
| Rent receivable - deferred | $84.0M | $85.3M | $86.7M | $85.3M |
| Other assets | $23.2M | $16.7M | $17.9M | $21.8M |
| Total assets | $3.5B | $3.5B | $3.7B | $3.7B |
| Mortgages and notes payable, net | $46.8M | $48.2M | $50.9M | $52.3M |
| Revolving credit facility borrowings | $15.0M | — | — | — |
| Term loan payable, net | $247.8M | $247.5M | $248.8M | $248.6M |
| Senior notes payable, net | $953.5M | $953.1M | $1.1B | $1.1B |
| Trust preferred securities, net | $100.2M | $100.1M | $100.1M | $100.1M |
| Dividends payable | $44.3M | $43.5M | $41.9M | $41.5M |
| Liabilities held for sale | $252.0K | — | — | — |
| Operating lease liabilities | $7.0M | $7.9M | $13.6M | $14.7M |
| Accounts payable and other liabilities | $61.8M | $38.5M | $53.0M | $53.7M |
| Accrued interest payable | $9.1M | $11.4M | $15.1M | $10.3M |
| Deferred revenue - including below-market leases, net | $2.5M | $2.7M | $4.5M | $4.9M |
| Prepaid rent | $15.3M | $14.5M | $16.6M | $14.4M |
| Total liabilities | $1.5B | $1.5B | $1.6B | $1.6B |
| Preferred shares, par value (in dollars per share) | $0.00 | — | — | — |
| Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares: Series C Cumulative Convertible Preferred, liquidation preference $96,770; 1,935,400 shares issued and outstanding | $94014000.00 | $94016000.00 | $94016000.00 | $94016000.00 |
| Common shares, par value $0.0001 per share; authorized 600,000,000 shares, 58,952,524 and 59,077,234 shares issued and outstanding in 2026 and 2025, respectively | $6000.00 | $6000.00 | $30000.00 | $30000.00 |
| Additional paid-in-capital | $3.3B | $3.3B | $3.3B | $3.3B |
| Accumulated distributions in excess of net income | ($1.5B) | ($1.4B) | ($1.4B) | ($1.4B) |
| Accumulated other comprehensive income | $1.8M | $1.4M | $1.0M | $1.6M |
| Total shareholders’ equity | $1.9B | $2.0B | $2.1B | $2.1B |
| Noncontrolling interests | $12.6M | $11.7M | $12.2M | $21.8M |
| Total equity | $2.0B | $2.0B | $2.1B | $2.1B |
| Total liabilities and equity | $3.5B | $3.5B | $3.7B | $3.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $117.6M | $42.8M | $35.9M | $116.2M |
| Depreciation and amortization | $200.1M | $196.6M | $186.5M | $183.4M |
| Gain on change in control of a subsidiary | $0 | ($209.0K) | — | — |
| Gain on sale or disposal of, and recovery on, real estate, net | ($145.6M) | ($39.8M) | ($33.0M) | ($59.1M) |
| Change in allowance for credit loss | $0 | ($61.0K) | ($32.0K) | $93.0K |
| Debt satisfaction losses, net | $11.8M | $0 | $132.0K | $119.0K |
| Impairment charges | $0 | $0 | $16.5M | $3.0M |
| Straight-line rents | ($5.4M) | ($7.1M) | ($9.5M) | ($11.4M) |
| Amortization of right of use assets | $4.5M | $4.2M | $4.1M | $4.0M |
| Other non-cash expense, net | $11.8M | $7.5M | $5.9M | $6.1M |
| Equity in (earnings) losses of non-consolidated entities | $4.4M | $3.2M | ($1.4M) | ($16.0M) |
| Distributions of accumulated earnings from non-consolidated entities | $0 | $1.6M | $4.6M | $17.0M |
| Change in accounts payable and other liabilities | $979.0K | $2.9M | $4.4M | ($1.6M) |
| Change in rent receivable and prepaid rent, net | ($4.8M) | $5.6M | ($488.0K) | $623.0K |
| Change in accrued interest payable | ($1.3M) | ($862.0K) | $2.2M | $700.0K |
| Other adjustments, net | ($5.3M) | ($5.3M) | ($6.5M) | ($1.9M) |
| Net cash provided by operating activities | $188.7M | $211.2M | $209.4M | $194.3M |
| Acquisition of real estate, including intangible assets | ($32.7M) | ($162.0M) | ($15.0M) | ($132.0M) |
| Investment in real estate under construction | ($28.9M) | ($105.7M) | ($120.8M) | ($276.7M) |
| Capital expenditures | ($24.9M) | ($17.8M) | ($17.9M) | ($32.6M) |
| Insurance proceeds | $5.3M | — | — | — |
| Net proceeds from sale of properties | $380.2M | $177.5M | $97.8M | $194.5M |
| Realization of net investment in a sales-type lease | $0 | $65.8M | — | — |
| Principal payments on loans receivable | $0 | $0 | $1.5M | $27.0K |
| Investments in non-consolidated entities, net | ($546.0K) | ($1.3M) | ($3.6M) | ($3.2M) |
| Distributions from non-consolidated entities in excess of accumulated earnings | $5.0M | $7.3M | $10.0M | $19.9M |
| Payments of deferred leasing costs | ($4.5M) | ($7.2M) | ($6.2M) | ($5.2M) |
| Investment in held-to-maturity securities | $0 | $130.0M | ($130.0M) | — |
| Change in real estate deposits, net | ($891.0K) | ($168.0K) | $867.0K | ($1.7M) |
| Net cash provided by (used in) investing activities | $298.2M | $86.4M | ($183.5M) | ($236.9M) |
| Dividends to common and preferred shareholders | ($164.3M) | ($158.2M) | ($151.9M) | ($142.5M) |
| Principal amortization payments | ($5.6M) | ($5.4M) | ($12.3M) | ($11.3M) |
| Principal payments on debt, excluding normal amortization | ($50.0M) | — | $0 | $0 |
| Repurchase of senior notes | ($140.0M) | — | $0 | $0 |
| Revolving credit facility borrowings | $0 | $85.0M | $125.0M | $280.0M |
| Revolving credit facility payments | $0 | ($85.0M) | ($125.0M) | ($280.0M) |
| Repurchase of trust preferred securities | ($26.7M) | — | — | — |
| Proceeds from issuance of senior notes | $0 | $0 | $298.3M | $0 |
| Payments for early extinguishment of debt | ($11.3M) | — | $0 | $0 |
| Deferred financing costs | $0 | $0 | ($5.8M) | ($3.6M) |
| Cash distributions to noncontrolling interests | ($17.0M) | ($4.4M) | ($7.3M) | ($1.3M) |
| Cash contributions from noncontrolling interests | $1.8M | $1.8M | $714.0K | $7.8M |
| Repurchase of common shares | -4.0M | 0 | 0 | -130.7M |
| Purchase of noncontrolling interest | $0 | ($27.9M) | $0 | ($28.0M) |
| Issuance of common shares, net of costs and repurchases to settle tax obligations | -1.3M | -2.0M | -2.7M | 215.6M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net cash provided by operating activities: | $86.2M | $37.5M | $146.8M | $83.3M |
| Acquisition of real estate, including intangible assets | ($103.2M) | — | ($30.0M) | — |
| Investment in real estate under construction | ($23.4M) | ($5.6M) | ($20.5M) | ($11.7M) |
| Capital expenditures | ($5.9M) | ($3.4M) | ($18.3M) | ($11.8M) |
| Insurance proceeds | $2.6M | $2.6M | $5.3M | $1.0M |
| Net proceeds from sale of real estate | $0 | $0 | $265.6M | $73.5M |
| Investments in non-consolidated entities | ($1.3M) | ($215.0K) | ($546.0K) | ($354.0K) |
| Deferred leasing costs | ($8.7M) | ($11.0K) | ($2.4M) | ($1.9M) |
| Change in real estate deposits, net | ($79.0K) | ($148.0K) | ($1.7M) | ($1.2M) |
| Net cash provided by (used in) investing activities | ($139.9M) | ($6.9M) | $201.3M | $47.6M |
| Dividends to common and preferred shareholders | ($85.4M) | ($43.0M) | ($123.2M) | ($82.1M) |
| Principal amortization payments | ($2.9M) | ($1.4M) | ($4.2M) | ($2.8M) |
| Principal payments on debt, excluding normal amortization | $0 | $0 | ($50.0M) | ($50.0M) |
| Revolving credit facility borrowings | $35.0M | — | $0 | — |
| Revolving credit facility payments | ($20.0M) | — | $0 | — |
| Repurchase of trust preferred securities | $0 | — | ($26.7M) | ($26.7M) |
| Deferred financing costs | ($7.6M) | ($7.6M) | — | — |
| Repurchase of common shares | -15.8M | -15.8M | — | — |
| Cash contributions from noncontrolling interests | $1.2M | $139.0K | $1.7M | $990.0K |
| Cash distributions to noncontrolling interests | ($188.0K) | ($123.0K) | ($16.5M) | ($110.0K) |
| Issuance of common shares, net of costs and repurchases to settle tax obligations | -3.2M | -3.2M | -1.3M | -1.0M |
| Net cash used in financing activities | ($98.7M) | ($71.0M) | ($220.2M) | ($161.7M) |
| Change in cash, cash equivalents and restricted cash | ($152.5M) | ($40.4M) | $127.9M | ($30.9M) |
| Cash and cash equivalents at beginning of period | $170.4M | $170.4M | $101.8M | $101.8M |
| Restricted cash at beginning of period | $257.0K | $257.0K | $237.0K | $237.0K |
| Cash, cash equivalents and restricted cash, at beginning of period | $170.7M | $170.7M | $102.1M | $102.1M |
| Cash and cash equivalents at end of period | $18.0M | $130.1M | $229.7M | $71.0M |
| Restricted cash at end of period | $172.0K | $168.0K | $252.0K | $247.0K |
| Cash, cash equivalents and restricted cash, at end of period | $18.2M | $130.3M | $230.0M | $71.2M |
| Interest paid | $24.9M | $10.2M | $41.2M | $30.9M |
| Income taxes paid | $618.0K | $147.0K | $828.0K | $652.0K |
| Accounts payable related to Investments in real estate under construction | $23.5M | $4.8M | $9.1M | $14.0M |
| Reclassification of Land held for development to Investments in real estate under construction | $17.8M | $17.8M | $24.6M | $24.6M |
LXP Industrial Trust score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.