Lxp Industrial Trust SEC Filings

Derrick L. Johnson, a director of LXP Industrial Trust (LXP), reported a purchase of 3,782 common shares on 10/02/2025 at a per-share price of $8.5923. After the transaction he beneficially owns 46,815 shares. The filing notes these shares were issued as quarterly trustee fees calculated at the average closing price over the quarter. The Form 4 was filed by one reporting person and was signed on 10/02/2025 by an attorney-in-fact.

Jamie Handwerker, a director of LXP Industrial Trust (LXP), reported an insider acquisition of 3,782 common shares on 10/02/2025 at a per‑share price of $8.5923. Following the transaction the filing shows beneficial ownership of 120,197.754 shares.

The filing states these shares were issued as quarterly trustee fees and were priced using the average closing price over the quarter. The Form 4 was submitted by one reporting person and signed by an attorney‑in‑fact.

The filing shows that Arun Gupta, a director of LXP Industrial Trust (LXP), received 3,782 Common Shares on 10/02/2025 as an acquisition coded A. The shares were issued as quarterly trustee fees calculated at an average closing price of $8.5923 for the quarter. After the transaction, Mr. Gupta beneficially owned 86,664 common shares. The Form 4 was executed by an attorney-in-fact on behalf of Mr. Gupta and contains a single non-derivative securities transaction; no derivative transactions are reported.

Nathan Brunner, Executive Vice President of Capital Markets at LXP Industrial Trust (LXP), reported a routine disposition of common shares. On 09/02/2025 he disposed of 20,381 common shares at a price of $8.86 per share. The filing states the shares were automatically withheld to satisfy payroll taxes related to vesting of previously granted restricted shares. After the transaction Mr. Brunner beneficially owned 299,410 common shares. The Form 4 was signed by an attorney-in-fact on 09/04/2025.

LXP Industrial Trust’s Q2-25 10-Q shows materially stronger headline earnings, primarily from asset sales, while core operating trends remain steady.

• Income statement: Rental revenue rose 2.3% YoY to $86.7 M; total gross revenue reached $87.7 M. Net income attributable to common shareholders jumped to $27.5 M ($0.09/sh) vs $3.8 M ($0.01/sh) in Q2-24, driven by a $31.3 M gain on sale/disposal of real estate.
• Year-to-date: Six-month net income to common shareholders climbed to $44.7 M ($0.15/sh) from $1.8 M. Gains on real-estate sales totaled $56.0 M YTD.
• Balance sheet: Total assets slipped 3.3% YTD to $3.72 B as cash fell to $71.0 M. Debt declined $78.6 M to $1.49 B after a $50 M term-loan pay-down and $28.1 M repurchase of trust-preferred securities at a 5% discount. Leverage (debt/total assets) improved to 40.1% from 40.8%.
• Equity & dividends: Common dividend lifted to $0.135/sh (vs $0.13) consuming $41.3 M in Q2. Accumulated distributions still exceed net income by $1.35 B.
• Operations: Portfolio 94.1% leased (56.4 MM sq ft across 16 U.S. states). 1.1 MM sq ft of vacant space was leased at $5.50 psf; two redevelopment projects (Orlando & Richmond) totaling 0.6 MM sq ft initiated. Same-store rent escalations and lease extensions averaged +18% cash spread.
• Liquidity: No borrowings on $600 M revolver; interest expense fell 6.4% YoY to $16.5 M. Operating cash flow reached $83.3 M YTD (+7.6%) vs $77.4 M.
• Risk & hedging: Unrealised derivative loss of $4.5 M reduced OCI; 63% of variable-rate debt swapped through 2027 (notional $632.5 M).

Management reiterates a development-led growth strategy focused on Sunbelt/L. Midwest markets while using asset sales to recycle capital and reduce leverage. Near-term earnings visibility rests on lease-up of recently completed developments and successful execution of the $44 M remaining cap-ex pipeline.