LXP Industrial Trust Announces Quarterly Common Share Dividend

Rhea-AI Summary

LXP Industrial Trust (NYSE: LXP), a REIT specializing in Class A warehouse and distribution investments, has declared its quarterly dividend payments. The company announced a regular common share dividend of $0.135 per share for Q1 2025, payable on April 15, 2025, to shareholders of record as of March 31, 2025.

Additionally, LXP declared a quarterly Series C Cumulative Convertible Preferred Stock dividend of $0.8125 per share, scheduled for payment on May 15, 2025, to shareholders of record as of April 30, 2025.

Positive

• Regular quarterly dividend maintained, showing stable cash flow distribution to shareholders
• Consistent dividend payments for both common and preferred shareholders

Negative

• None.

WEST PALM BEACH, Fla., March 17, 2025 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust (REIT) focused on Class A warehouse and distribution investments, today announced that it declared a regular common share dividend for the quarter ending March 31, 2025 of $0.135 per common share payable on or about April 15, 2025 to common shareholders of record as of March 31, 2025.

LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending March 31, 2025, which is payable on or about May 15, 2025, to shareholders of record as of April 30, 2025.

ABOUT LXP INDUSTRIAL TRUST

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in target markets across the Sunbelt and Midwest. LXP seeks to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions. For more information or to follow LXP on social media, visit www.lxp.com.

This release contains certain forward-looking statements which involve known and unknown risks, uncertainties and other factors not under LXP’s control which may cause actual results, performance or achievements of LXP to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, (1) the discretion of LXP’s Board of Trustees with respect to the authorization of future dividend declarations and (2) those factors and risks detailed in LXP's periodic filings with the Securities and Exchange Commission. Except as required by law, LXP undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events.

Contact:
Investor or Media Inquiries for LXP Industrial Trust:
Heather Gentry, Executive Vice President of Investor Relations
LXP Industrial Trust
Phone: (212) 692-7200 E-mail: hgentry@lxp.com

FAQ

What is the Q1 2025 dividend amount for LXP Industrial Trust common shares?

LXP Industrial Trust declared a quarterly dividend of $0.135 per common share for Q1 2025.

When is the payment date for LXP's Q1 2025 common share dividend?

The Q1 2025 common share dividend will be paid on April 15, 2025.

What is the record date for LXP's Q1 2025 preferred stock dividend?

The record date for LXP's Series C Preferred Stock dividend is April 30, 2025.

How much is LXP's Series C Preferred Stock dividend for Q1 2025?

LXP declared a Series C Preferred Stock dividend of $0.8125 per share for Q1 2025.