Welcome to our dedicated page for LXP Industrial Trust SEC filings (Ticker: LXP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
LXP Industrial Trust filings document the REIT’s operating results, property portfolio activity, capital structure and governance as an owner and developer of Class A warehouse and distribution real estate. Its 8-K reports furnish quarterly results, supplemental information, conference-call materials, property sale disclosures and material financing agreements, including unsecured revolving credit and term loan arrangements.
The filing record also includes proxy materials covering trustee elections, executive compensation, equity-award plan matters and shareholder voting. Other disclosures address common shares, Series C cumulative convertible preferred stock, senior notes, debt tender-offer activity, amendments to organizational documents and the completed one-for-five reverse share split.
LXP Industrial Trust (LXP) has called a virtual special shareholder meeting in 2026 to vote on a merger in which LXP will merge into Leopard Merger Sub LLC, an affiliate of Leopard REIT LLC, jointly owned by Brookfield Asset Management and Canada Pension Plan Investment Board.
If approved and completed, each outstanding LXP common share will be converted into the right to receive $61.20 in cash per share, without interest and subject to specified adjustments, and LXP’s common and Series C preferred shares will be delisted and the common shares deregistered. Each Series C preferred share will convert into a preferred unit of the surviving entity, which the buyer group intends to exchange in a second-step merger for $50.00 per unit plus accrued and unpaid dividends. The board of trustees has unanimously determined the merger to be advisable and in the best interests of shareholders and recommends voting FOR the merger, an advisory vote on merger‑related executive compensation, and a proposal to permit adjournments to solicit additional proxies if needed.
LXP Industrial Trust agreed to be acquired by affiliates of Brookfield Asset Management and Canada Pension Plan Investment Board for $61.20 per share in cash, an all-cash transaction valued at approximately $5.2 billion including net debt and preferred equity. The offer represents a 12.3% premium to LXP’s 30-day VWAP and 19.8% to its 90-day VWAP for the period ended July 17, 2026, was unanimously approved by the board, and is expected to close by the end of the fourth quarter of 2026, subject to shareholder approval and customary conditions.
For the quarter ended June 30, 2026, LXP reported a net loss attributable to common shareholders of $(1.6) million, or $(0.03) per diluted share, versus net income of $27.5 million, or $0.47 per diluted share, a year earlier. Adjusted Company FFO was $49.5 million, or $0.84 per diluted share, up from $0.80, while total gross revenues edged up to $88.1 million from $87.7 million. Same-store NOI rose 0.5%, the stabilized portfolio was 97.4% leased across 53.3 million square feet, and 2.3 million square feet of new and extended second-generation leases produced Base and Cash Base Rent increases of up to 43.1% and 26.2%, respectively, excluding two fixed-rate renewals.
LXP acquired a 37-acre infill covered land investment in Phoenix for $103.2 million at an initial cash yield of 15.7% and advanced a 2.7 million square foot development and redevelopment pipeline. As of June 30, 2026, total consolidated debt was $1.4 billion with a weighted-average interest rate of 3.6% and net debt to Annualized Adjusted EBITDA of 5.5x, and cash and cash equivalents totaled $18.0 million. A quarterly common dividend of $0.70 per share for the quarter ended June 30, 2026 was paid on July 15, 2026, but under the Merger Agreement LXP has agreed to suspend future regular common dividends, while continuing permitted dividends on its Series C preferred shares. The company will not host an earnings call for this quarter and will no longer provide or affirm earnings guidance.
LXP Industrial Trust reported near break-even results for Q2 2026, with a net loss attributable to common shareholders of approximately $1.6 million, or $(0.03) per diluted share, on rental revenue of $87.1 million. For the first six months, rental revenue was $172.1 million and operating cash flow was $86.2 million, supporting development spending and debt service.
As of June 30, 2026, the trust owned 109 industrial properties across 14 states totaling about 53.3 million square feet and 97.4% leased. Real estate, net, was $3.23 billion and total debt obligations were $1.36 billion, including $1.33 billion of unsecured debt. The company invested $102.4 million in development and redevelopment projects and expects to incur an additional $164.3 million on its consolidated and unconsolidated development pipeline. It also repurchased about 0.3 million common shares at an average price of $48.70.
Subsequent to quarter-end, LXP agreed to merge with Leopard Merger Sub LLC, with each common share to be converted into cash of $61.20 per share at closing, subject to customary conditions including shareholder approval. Series C Preferred shares will convert into surviving preferred units. The agreement includes a Go-Shop Period through August 28, 2026 and a potential termination fee of about $54.1 million. Under the merger terms, regular common dividends are suspended, while Series C Preferred dividends may continue.
LXP Industrial Trust agreed to be acquired by Leopard REIT LLC and Leopard Merger Sub LLC in an all-cash merger. Each outstanding common share will be converted into the right to receive $61.20 in cash, valuing the transaction at approximately $5.2 billion including net debt and preferred equity. Series C preferred shares will be exchanged for surviving entity Series C preferred units, and outstanding restricted share awards will fully vest and be paid in cash based on the merger price plus accrued dividends, less withholding taxes.
The board unanimously approved the deal, which includes a 40-day Go-Shop Period through 11:59 p.m. on August 28, 2026, during which LXP may solicit superior offers, subject to termination fees of $54,122,768 or $108,245,537 depending on circumstances. Parent may owe a $288,654,765 Parent Termination Payment if it fails to close after conditions are satisfied. Closing, expected in the fourth quarter of 2026, requires shareholder approval, governmental consents and absence of a Company Material Adverse Effect and is not conditioned on financing. Regular common dividends are suspended during the merger period except for REIT-qualification dividends, and any such dividends would reduce the per-share cash consideration.
Gray Lawrence L reported acquisition or exercise transactions in this Form 4 filing.
LXP Industrial Trust director Lawrence L. Gray reported a routine equity compensation grant. He received 631 common shares on July 1, 2026 as quarterly trustee fees, issued at the average closing price over the quarter of $51.462 per share.
After this award, Gray directly holds 631 common shares. A separate holding entry shows 25,600 common shares held indirectly by a trust. Footnote disclosure states he disclaims beneficial ownership of the reported securities beyond his pecuniary interest, and that 664 common shares were transferred from direct to indirect ownership.
Gupta Arun reported acquisition or exercise transactions in this Form 4 filing.
LXP Industrial Trust director Arun Gupta received a grant of 631 common shares as part of his quarterly trustee fees. The shares were valued at $51.462 per share, based on the average closing price over the quarter. Following this compensation-related award, Gupta directly holds 19,305 common shares of LXP Industrial Trust.
LXP Industrial Trust director Jamie Handwerker received a grant of 631 Common Shares as quarterly trustee fees. The shares were issued at an average price of $51.462 per share, representing compensation rather than an open-market purchase. Following this award, Handwerker directly owns 26,012 Common Shares. The filing shows a routine, compensation-related acquisition with no sales or derivative exercises reported.
LXP Industrial Trust director Derrick L. Johnson reported an acquisition of common shares as compensation. He received a grant of 631 common shares on the reported date at a price of $51.462 per share, characterized as a grant or award rather than an open-market purchase.
After this award, his direct holdings increased to 12,342.0345 common shares. A footnote explains these shares represent quarterly trustee fees issued at the average closing price over the quarter. Another footnote notes a prior Form 4 overstated dividend reinvestment shares by 338.80882 shares and that 153.96852 additional shares were issued through a company dividend reinvestment plan since the last report.
Koeneman Claire A reported acquisition or exercise transactions in this Form 4 filing.
LXP Industrial Trust director Claire A. Koeneman received a grant of 631 Common Shares on July 1, 2026. The shares were issued as quarterly trustee fees at an average closing price of $51.462 per share, increasing her direct holdings to 27,193 shares.
Roth Howard Stewart reported acquisition or exercise transactions in this Form 4 filing.
LXP Industrial Trust director Howard Stewart Roth received 631 common shares as a grant on quarterly trustee fees, issued at an average price of $51.462 per share. This was a compensation-related award, not an open-market purchase, and increased his directly held position to 22,981 shares.