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 announced its quarterly dividend for Q3 2024. Common shareholders will receive $0.13 per share, payable on October 15, 2024, to shareholders of record as of September 30, 2024. Additionally, LXP declared a dividend of $0.8125 per share for Series C Cumulative Convertible Preferred Stock, payable on November 15, 2024, to shareholders of record as of October 31, 2024. This announcement demonstrates LXP's commitment to providing regular returns to its investors in the industrial real estate sector.

Positive

• Consistent quarterly dividend payment of $0.13 per common share
• Dividend payment for Series C Cumulative Convertible Preferred Stock at $0.8125 per share
• Maintained dividend payout despite economic uncertainties

Negative

• None.

WEST PALM BEACH, Fla., Sept. 16, 2024 (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 September 30, 2024 of $0.13 per common share payable on or about October 15, 2024 to common shareholders of record as of September 30, 2024.

LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending September 30, 2024, which is payable on or about November 15, 2024, to shareholders of record as of October 31, 2024.

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, Senior Vice President of Investor Relations
LXP Industrial Trust
Phone: (212) 692-7200 E-mail: hgentry@lxp.com 

FAQ

What is the dividend amount for LXP Industrial Trust common shares in Q3 2024?

LXP Industrial Trust declared a dividend of $0.13 per common share for the quarter ending September 30, 2024.

When is the ex-dividend date for LXP's Q3 2024 common share dividend?

The press release doesn't specify the ex-dividend date. However, common shareholders of record as of September 30, 2024, will receive the dividend.

What is the dividend payment date for LXP's common shares?

The dividend for LXP's common shares is payable on or about October 15, 2024.

Has LXP Industrial Trust announced a dividend for its preferred stock?

Yes, LXP declared a cash dividend of $0.8125 per share for its Series C Cumulative Convertible Preferred Stock for the quarter ending September 30, 2024.

When will LXP pay the dividend for its Series C Cumulative Convertible Preferred Stock?

The dividend for LXP's Series C Cumulative Convertible Preferred Stock is payable on or about November 15, 2024.